Goldman, Citi, HSBC Halt U.K. Office Return on Johnson Plea

(Bloomberg) — Banks from Goldman Sachs Group Inc. to Citigroup Inc., and HSBC Holdings Plc have hit pause on plans to return workers in London after Prime Minister Boris Johnson appealed to Britons to work from home to help tame a resurgent coronavirus.



a statue in front of a building: A pedestrian crosses a bridge in view of the new European headquarters of Goldman Sachs Group Inc. in London, U.K., on Friday, April 20, 2018. Foreign investors are less worried about the impact of Britain's exit from the European Union than they were a year ago, Association of Foreign Investors in Real Estate Chairman Edward M. Casal said in a statement, referring to London's jump from third to first place in an annual survey of real estate investors.


© Bloomberg
A pedestrian crosses a bridge in view of the new European headquarters of Goldman Sachs Group Inc. in London, U.K., on Friday, April 20, 2018. Foreign investors are less worried about the impact of Britain’s exit from the European Union than they were a year ago, Association of Foreign Investors in Real Estate Chairman Edward

Read More

HedgeTrade Introduces Steaks Finance – A Fair Launch DeFi Token with Lasting Power

SINGAPORE, Sept. 28, 2020 /CNW/ – Active crypto prediction marketplace HedgeTrade launches decentralized exchange and DeFi token for liquidity providers and yield farming earning opportunities.

HedgeTrade is pleased to announce a closed-loop DeFi initiative to add new ways to earn tokens in conjunction with its leading crypto social trading platform. 

“Steaks Finance is the realization of everything about DeFi done right — no pre-mine, no investors, and no advisory tokens. Like other DeFi platforms, Steaks is designed to exist in perpetuity on its own, but by integrating with HedgeTrade, we create a closed-loop ecosystem and create a practical application

Read More

How COVID-19 will serve as a catalyst to reshape the insurance industry



icon: Consumer behavior has been evolving at a rapid pace in India with massive internet adoption, cheapest data services and the youngest demographic in the world.


© Provided by The Financial Express
Consumer behavior has been evolving at a rapid pace in India with massive internet adoption, cheapest data services and the youngest demographic in the world.

With more than two months of lockdown behind us, consumers and insurers are beginning to venture out, both in the physical sense and in experimenting with buying and selling. For an economic engine that was in full gear, the pandemic induced lockdown could not have come at a worse time.

It hit in the early part of March, a month that delivers about 15-20% of annual premiums, and coming

Read More

Is Credit Card Relief Little Help? Check Out Debt Management | Lifestyle News

By MELISSA LAMBARENA of NerdWallet

As cardholders experience financial difficulties due to COVID-19, some credit card issuers are promoting their hardship programs.

Once a well-kept secret, these programs are now more prominently advertised, offering things like deferred payments and lower interest rates. But not all cardholders will qualify or receive favorable terms.

If you’ve been denied COVID-19 relief, if it’s insufficient, or if your relief terms are expiring, consider turning to a nonprofit credit counseling agency. Credit counselors may be able to help you with get-out-of-debt options — among them, possibly, a debt management plan, which rolls several balances into

Read More

Health Insurance rules changing from October 1, 2020



a pair of glasses on a table


© Provided by Zee News


New Delhi: Beginning October 1, 2020 a lot of changes may kick in the Health insurance zone. The new rules apply to waiting period after getting health insurance, claim rejection by the companies, inclusion of many more illnesses in the health cover. However, the consumer taking the health insurance must also note that the premium paid on the health insurance may also go up.

Here is looking at some major rules that may to kick in from October 1, 2020

The coverage of health insurance will become wider. Many more illnesses will be covered under

Read More

Home at last: Formerly homeless vets are moving into Brighton Marine’s new 25-unit building

“This supports the ability to really address all of the issues a person is a facing,” said Bruce Buckley, CEO of Soldier On, which runs similar facilities in Agawam, Chicopee, Northampton, and Pittsfield. “If you address most but not all of them, we’ve found, it doesn’t really provide a working solution.”

The building at Brighton Marine is a former military hospital that since the 1980s has housed an array of health and social service programs for veterans. It has been renovated into furnished apartments — they even come with sheets and towels. The nonprofit financed the renovation itself, said Brighton

Read More

EU Plans to Regulate Cryptocurrencies in Digital Finance Push

(Bloomberg) — The European Union is taking a major step to regulate crypto assets in the bloc, seeking to protect its financial markets without depriving citizens and companies of the new technologies.

Loading...

Load Error

Under the initiative unveiled on Thursday the EU’s executive arm seeks to establish clear ground rules for cryptocurrencies, which often aren’t captured by traditional rules and can leave investors without protection.

The proposal, considered one of the most comprehensive anywhere, also seeks to regulate so-called stablecoins such as Facebook Inc.’s Libra, which has been treated as a wake-up call by regulators because it could potentially reach

Read More

What to know about buying life insurance during the Covid-19 pandemic

Life insurance applications have been on the rise during the coronavirus pandemic. During the first half of 2020, application activity for life insurance rose 1.5% from the previous year, according to the MIB Life Index.

Application activity for Americans under 44 rose about 3.4% year-to-date, while activity for ages 45 to 59 was up 0.5%, the industry group reports. 

While protecting yourself and your family from financial fallout is never a bad thing, a fear of contracting Covid-19 should not be the determining factor for buying life insurance, Barbara Ginty, a certified financial planner and host of the “Future Rich”

Read More

Blizzard cofounder Mike Morhaime launches new gaming endeavor Dreamhaven

Mike Morhaime, the cofounder of Blizzard Entertainment, has launched a new game company called Dreamhaven, and it has established two new game studios: Moonshot and Secret Door.

The Irvine, California-based company is a pretty good clue that Morhaime and his wife Amy Morhaime weren’t quite done with games when they left Activision Blizzard in 2018.

Mike will be the CEO of Dreamhaven, while Amy will head operations. They have hired a number of (mostly former Blizzard) industry veterans to help run their studios, which will work on separate games. That’s an ambitious startup, as working on two

Read More

Global Finance Contract Management Market 2020 Research Study with Trends and Opportunities to 2025 – Impact of COVID-19

The MarketWatch News Department was not involved in the creation of this content.

Sep 06, 2020 (CDN Newswire via Comtex) —
MarketsandResearch.biz has published a new report titled, Global Finance Contract Management Market 2020 by Company, Type and Application, Forecast to 2025 where the base year considered for the study is 2020 and forecast considered from 2020 to 2025, which is an addition to its extensive database. The report provides an inside-out and expert examination inside-out and expert examination of the market situation. The study helps clients in developing their effective approaches for growth, our upcoming general market trends study … Read More

Walmart says it needs to hire 20,000 holiday workers just for e-commerce

Walmart says shoppers aren’t going to start acting radically different when the holiday shopping season begins.

The world’s largest retailer expects the habits shoppers have developed during the pandemic to define the 2020 holiday shopping season, and it’s planning accordingly.

Walmart is hiring 20,000 seasonal workers for its e-commerce fulfillment centers to meet online shopping demand.

Known for its 24-hour, 7 days a week schedule, Walmart stopped keeping stores open overnight after the pandemic started to give employees time to clean and sanitize stores and stock shelves. That’s going to continue throughout the holidays, including Black Friday.

The number of

Read More

Apollo Hospitals, Tata Motors, & Bajaj Finance in focus



Trade Spotlight: Apollo Hospitals, Tata Motors, & Bajaj Finance in focus


© Kshitij Anand
Trade Spotlight: Apollo Hospitals, Tata Motors, & Bajaj Finance in focus

The Indian market posted its biggest fall in four months on September 24. The S&P BSE Sensex fell by more than 1,000 points while the Nifty50 breached 10,900 levels.

The index is trading near crucial support levels so a technical bounce back could be in the offing but for bulls to take control, the Nifty50 has to surpass 11,200 levels.

The final tally on D-Street on Septemeber 24:– the S&P BSE Sensex was down 1,114 points to 36,553 while the Nifty50 fell 326 points to close

Read More

Grad transfer Auburn football’s insurance policy at quarterback

AUBURN, Alabama–It’s doubtful that there has been a college football season when having depth at quarterback has been more important than 2020. A newcomer to the Auburn roster, Grant Loy, looks to be helping the Tigers with that situation.

When Auburn opens the season next Saturday with a home game vs. the Kentucky Wildcats, Loy is expected to be the top backup for returning starter Bo Nix. With Loy on board the Tigers now have two quarterbacks on the roster who have started at the college level and a third QB, sophomore Cord Sandberg, who has taken

Read More

COVID-19 takes a grim toll on America’s small businesses

Brunetti’s Pizza and Deli opened in Scranton, Pa., in 1958 and was so beloved by the community that customers would volunteer to shovel its sidewalk on snowy days. Mike Brunetti, the son of the founder, and his wife Therese took over the operation. They got engaged in the shop and their kids all worked there.

Then came COVID. Shuttered in March, Brunetti’s had no revenues until May, when it reopened. The owners kept up their payments to suppliers, but sales were vastly reduced because of the shop’s small size and social-distancing requirements. Even a $14,000 loan under the federal

Read More

Project Finance Startup Unety Partners With ecoAmerica to Save 16 Million Metric Tons of CO2

NEW YORK, Sept. 24, 2020 /PRNewswire/ — Unety, a novel platform that democratizes financing to upgrade commercial buildings, today announced the launch of a nationwide partnership with ecoAmerica, one of America’s largest environmental non-profits serving several sectors including the faith community. As the technology backbone for ecoAmerica’s Blessed Tomorrow program, a nationwide initiative that helps faith denominations and their 87,000 houses of worship to lead on climate and reduce their carbon footprint, the Unety platform will make it easy for member organizations to achieve their environmental commitments, upgrade their buildings for future generations, and better leverage their properties to

Read More

Health insurance startup Oscar Health is gearing up for a 2021 IPO

  • Oscar Health, the health insurance company cofounded by Joshua Kushner and Mario Schlosser, is prepping for a public listing in 2021, says Axios.
  • The New York-based company initially aimed to provide coverage under the Affordable Care Act at the beginning of its launch in 2012, but has since expanded into other health insurance markets. 
  • It’s raised around $1.5 billion from major venture capital firms, including Thrive Capital, Alphabet, and Founders Fund, and is now hiring banks ahead its plans to go public. 
  • Though the move isn’t a surprise in today’s startup IPO market, it’s suspected to be loosely tied to
Read More

Stocks dip, dollar up as data warns of sputtering recovery

NEW YORK (Reuters) – Shares dipped and the dollar ticked up near two-month highs on Wednesday as data reaffirmed lingering concerns that new restrictions to counter coronavirus infections will hurt the economic recovery.

The speed of recovery in U.S. business activity slowed down in September, with gains at factories more than offset by a retreat at services industries, suggesting a loss of momentum in the economy as the third quarter draws to a close and the COVID-19 pandemic lingers.

September surveys of private sector activity also painted a gloomy picture in Europe, with rising COVID-19 infections leading to a downturn

Read More

COVID-19 Sparks Spike In Insurance Litigation Filings

Law360 (September 18, 2020, 5:44 PM EDT) — Federal district courts saw a surge in insurance litigation case filings in the first half of the year, due in large part to the explosion in suits by businesses seeking coverage for losses they have suffered amid the COVID-19 pandemic, according to a new report by Lex Machina.

From January through June, litigants filed a total of 5,844 new insurance cases in district courts, up 11% from the 5,265 cases filed over the same time period in 2019, Lex Machina found. This surge continued a pattern of growth in insurance-related litigation over

Read More

German Cabinet approves 2021 budget with high borrowing

Germany’s Cabinet on Wednesday approved a 2021 budget that foresees significant borrowing for the second consecutive year as Europe’s biggest economy tries to lessen the fallout of the coronavirus crisis.

The budget plan calls for spending of 413.4 billion euros ($485 billion) next year, down from this year’s exceptionally high 508.5 billion euros, a figure which was swollen by spending on rescue packages.

The crisis has derailed the government’s dedication to keeping its budget balanced, long a point of pride. After six years in the black, it is borrowing 217.8 billion euros this year to finance rescue and stimulus packages

Read More

Hunt Companies Finance Trust Announces Quarterly Dividend Increase

NEW YORK, Sept. 17, 2020 /PRNewswire/ — Hunt Companies Finance Trust, Inc. (NYSE: HCFT) (“we”, “HCFT” or “the Company”) announced the declaration of a cash dividend of $0.085 per share of common stock with respect to the third quarter of 2020, which represents a 13% increase over the second quarter of 2020 dividend of $0.075 per share.  The dividend is payable on October 15, 2020 to stockholders of record as of the close of business on September 30, 2020.

About HCFT

HCFT is a Maryland corporation focused on investing in, financing and managing a portfolio of commercial real estate

Read More