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Key insight: Nubank recorded record quarterly income as it opened Nu Mexico as a bank, is acquiring a Brazilian digital bank for its charter and is building a U.S. bank. Supporting data: Nubank’s net income for Q2 was $1.1 billion, a 49% increase year over year, while its cost of credit declined 9% quarter over…
Before launching The Savvy Couple in 2016, Kelan Kline had reached a breaking point. He and his wife, Brittany, had recently married, bought a starter home, and begun paying down roughly $40,000 in student loans. Brittany was an elementary school teacher, while Kelan worked as a jail deputy. The couple, who grew up in Rochester,…
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Cincinnati, Ohio, ranked second on the strength of its financing accessibility. The city’s FHA four-unit loan limit of $1,041,125 covers more than four times the median multifamily listing price of $82,917 per unit, the lowest entry cost in the top five. Detroit, Michigan, followed in third place with an estimated gross yield of 14.3% and FHA…
Rosie O’Donnell has teased that President Donald Trump made her “refamous” after she ditched the United States and moved to Ireland when he regained his seat in the Oval Office. The comedian, 64, revealed in January 2025 that she had quit the U.S. in hopes of a better, and more peaceful, life in Ireland. She stated that…
Welcome to this week’s edition of 401(k) Real Talk, where Fred Barstein, contributing editor for Wealth Management’s RPA channel, reviews all of last week’s industry news and selects the five most important/interesting stories. Worth Reading: Read the full raw transcript below: Greetings & a warm welcome to this week’s edition of 401k Real Talk. This…
OpenAI and Google both released faster artificial intelligence models this week. Both put speed at the center of the pitch, and both are starting to treat response time as something businesses will pay for on its own. OpenAI’s new tier is called Ultrafast, and for now it is a preview open to a small group…
Fancy a trip to the Boardwalk? A pair of New York-based real estate development and investment firms — Nalcorp and Clipper Equity — have acquired a land parcel at 2015 Boardwalk West, an oceanfront development in Coney Island, Brooklyn, from seller Bath Site LLC for $20 million, broker TerraCRG announced Friday. SEE ALSO: First Pioneer…
Providence Equity Partners is set to buy property data firm Hometrack, it announced today. Hometrack currently services 16 of the top 20 UK mortgage lenders, as well as all of the top 14 Dutch lenders. Providence senior managing director Robert Sudo said: “Hometrack is a market leader in automated residential property valuations, built on market-leading…
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