Lloyds reports first-half profit up 23%, outlines new strategy

In This Article Foreword by Dave Meyer In a new era of real estate investing, the old rules of thumb no longer work. Back in the day of cheap homes and high rents, you could confidently use rent-to-price ratios (one month of rent divided by the purchase price) to estimate cash flow. If you hit…

Key insights: Synchrony Financial recorded its highest purchase volume ever in the second quarter as consumers across all credit buckets spent more on discretionary purchases. What’s at stake: The Stamford, Connecticut based lender joined the chorus of banks enjoying the boons of the current credit cycle despite ongoing affordability concerns and persistent inflation.  Forward look:…

New research finds major purchases such as buying property, job hunting, and tax time are emerging as prime targets for fraudsters, with younger Australians facing the highest risk despite their digital confidence. Australians are increasingly falling victim to scams during major life events such as buying property, searching for work, and lodging tax returns, according…

Rates on Atom Bank’s Prime products available up to 90% loan to value (LTV) have been reduced by 0.15%, while existing fee-free 95% LTV options have fallen by 0.2%. Prime rates start from 4.99% for both two- and three-year fixed rate products up to 85% LTV with a £900 fee. This is the third…

Over a month after SpaceX debuted in the public markets, financial advisors continue to see little reason for investors to rush into the stock, noting that clients have to be honest with themselves about why they want exposure to the company. So far, SpaceX has followed a common blueprint for a highly anticipated IPO, with…

“We had two potential competing hypotheses,” she said. “Women in general tend to be rated more positively compared to men, people like them more, they find them more warm. But we also know there’s this predominant narrative of the masculine negotiator archetype, where we expect men to be better negotiators.” To rule out stereotyping, the…