Key insight: German fintech Pliant hired Coastal Financial to support Pliant’s U.S. expansion. What’s at stake: Pliant believes the collaboration will ease compliance and technology deployment. Forward look: As more fintechs seek bank licenses, payment experts say there will be more competition for sponsor banks, but also new opportunities. The past few months have seen…
Fleet Mortgages has made a series of criteria enhancements designed to support a wider range of landlord borrowers and limited company structures. The buy-to-let specialist lender will now consider joint applications involving foreign nationals where at least one applicant is a British passport holder, has Indefinite Leave to Remain (ILR) or settled status. It says that…
By Erik Hertzberg (Bloomberg) — The Bank of Canada held interest rates steady for a sixth consecutive meeting as policymakers see the economy rebounding and oil price-driven inflation fading. Officials led by Governor Tiff Macklem kept the policy rate at 2.25% on Wednesday, matching expectations of economists in a Bloomberg survey and traders in overnight…
Kolkata: NCDEX will launch futures trading in Guar Korma from July 24, offering exporters, processors and feed manufacturers a formal hedging instrument for a product that has so far lacked an organised price discovery mechanism. The exchange will introduce contracts with expiries from September 2026 to January 2027, with subsequent contracts to be launched as…
Extant Aerospace broke ground on a new 376,000-square-foot industrial manufacturing facility in Melbourne. Michael Moss II of Lightle Beckner Robison represented Extant Aerospace securing the building. The Orlando Business Journal reports the new facility is part of the Harbour Logistics Center development, an industrial center with a total of 530,000 square feet of Class-A space…
Many people assume house flipping doesn’t work anymore. They’re wrong. House flipping isn’t dead. The “easy” money is. While it’s true that flipping houses isn’t as forgiving as it was just a few years ago—and yes, the “bad” flippers are being exposed—the fear surrounding this investing strategy is actually creating massive opportunities for those who…
Mumbai, State-owned Union Bank of India on Wednesday reported a 27.5 per cent jump in its consolidated net profit to Rs 5,641.52 crore for the June quarter of the current fiscal on the back of better margins, improved asset quality and higher interest income. In the year-ago period, the bank’s net profit stood at Rs…
Once upon a time, I was a busy American entrepreneur. I worked a full schedule and felt like this meant I was successful. Then one day, I moved to Italy. Thanks to artificial intelligence, my writing work dried up, and the amount of time I spent at my desk dwindled. I felt like a failure,…
FDA examines produce items in US cyclosporiasis outbreak as cases rise
Key Points SpaceX trades at a lofty valuation despite sinking roughly 13% since the end of its first day on the market. Because of its current valuation, SpaceX stock could drop considerably over the next 10 years, even if the business thrives. Some estimates, however, forecast such extraordinary revenue growth that SpaceX stock could still…