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financial news

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Business & Lifestyle

Your mortgage and the impact by the coronavirus epidemic

Because of the coronavirus, many people are facing financial challenges, including paying their mortgage. If you’re unable to make your mortgage payments, a foreclosure could cause you to lose your home. Federal and some private lenders are offering borrowers temporary help. This includes stopping or delaying foreclosure or modifying the mortgage. However, these measures don’t apply to everyone. If you need help, research the options available to you for getting through these tough times. Learn about available Federally-backed mortgage relief […]

todayApril 17, 2020 5

Business & Lifestyle

How online businesses are coping during the COVID-19 pandemic

There are many businesses being forced to close during the COVID-19 pandemic. Some businesses may never recover while some are thriving more than ever. Amazon has taken the biggest boost and is making millions upon millions through online shopping. As the high streets close down, the second best and only way to receive goods is through online retailers. Businesses should also be aware despite their struggle in terms of sales. However, it is vital that their online business remains a […]

todayApril 17, 2020 5

Business & Lifestyle

Furloughs, pay cuts in WWE leads to talent releases

STAMFORD, Conn. (Heartland Newsfeed) -- Unforeseen economic struggles as a result of the COVID-19 coronavirus epidemic has forced WWE to make some drastic changes Wednesday. WWE announced changes to staffing and compensation packages for executives among other measures, according to a report from Wrestling Observer's Josh Nason. A press release reveals these actions, which include decreasing operational expenses, cutting talent, staffing and consulting costs and delaying the headquarters move from Titan Towers by six months. WWE was identifying headcount reductions, making […]

todayApril 16, 2020 21

Business & Lifestyle

Four critical business lessons to remember after the COVID-19 pandemic ends

The COVID-19 coronavirus pandemic has stormed through the business world, wreaking havoc and leaving nothing but devastation behind for many. Many companies are placing their operations on hold. However, there’s certainly a different business outlook compared to six months ago. With that being said, it’s important to try and make the best out of a bad situation. Consider some of the key lessons your business can learn as a result of this global pandemic.  When you start thinking about it, […]

todayApril 14, 2020 10

Business & Lifestyle

E-Trade, Morgan Stanley agree to $13 billion acquisition deal

NEW YORK (UPI) -- Morgan Stanley announced plans Thursday to acquire digital investment firm E-Trade for $13 billion, continuing a trend of consolidations in the brokerage field. The Wall Street investment bank said it will pay $58.74 per E-Trade share in a deal expected to close later this year. Morgan Stanley said the move will combine its platforms with $3.1 trillion in client assets and upgrade its wealth management franchise into an industry leader. "The combination adds an iconic brand […]

todayFebruary 20, 2020 3

Business & Lifestyle

Private equity firm to buy majority stake in Victoria’s Secret

NEW YORK (UPI) -- Private equity firm Sycamore Partners agreed to buy a majority stake in the underperforming Victoria's Secret and spin it off into a privately held, standalone entity, the companies announced Thursday. The lingerie chain's owner, Columbus, Ohio-based L Brands, said Sycamore Partners will purchase a 55 percent stake in Victoria's Secret Lingerie, Victoria's Secret Beauty and PINK to create a separate company "focused on reinvigorating its market-leading businesses and returning them to historic levels of profitability and […]

todayFebruary 20, 2020 3

Business & Lifestyle

Midwestern farmers afraid spring will bring more widespread flooding

EVANSVILLE, Ind. (UPI) -- Midwestern farmers, who endured record-breaking floods in 2019 that hindered planting and harvesting, now face the strong possibility that widespread flooding will return for the 2020 planting season. "It will probably be more of the same," said Tom Christensen, a farmer in southeastern North Dakota who grows wheat, corn and soybeans. The problem, Christensen said, is that the ground still soaked from last year's flooding and it simply can't absorb any more water. "In much of […]

todayFebruary 6, 2020 11

Business & Lifestyle

How will America’s increasing debt levels impact the price of Bitcoin?

Debt is often compared to being a double-edged sword. Countries can borrow money to stimulate growth and large internal projects, affording their citizens a better economy to accumulate wealth and a higher quality of living. However, this debt comes with interest, and many countries end up in a vicious cycle of borrowing or printing more money to pay off their debts.  The more money a country borrows, the more it has to pay back in the future. This means future […]

todayJanuary 31, 2020 7

Business & Lifestyle

Proposed legislation in Hawaii would allow banks to serve as cryptocurrency custodians

HONOLULU (Heartland Newsfeed) -- Proposed legislation in Hawaii's state legislature could change the banking system, allowing for the storage and custody of cryptocurrency. Senate Bill 2594 was filed and introduced in the Hawaii Senate with bipartisan support. The legislation would make it legal for banking institutions in the state to hold "digital securities," "virtual currencies," "digital consumer assets" and other "open blockchain tokens" for their customers and allow the court system to hear cases on digital asset claims. Democratic Sens. […]

todayJanuary 23, 2020 6

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