Economics And Finance

To Counter China, U.S. Looks to Invest Billions More Overseas

White House hopes to expand Overseas Private Investment Corp., a little-known agency it wanted to eliminate a year ago. To Counter China, U.S. Looks to Invest Billions More Overseas The U.S. is finalizing plans to double funding for big infrastructure projects around the world, seeking to counter China’s growing influence. Related:…

Retail Technology Provider Narvar Targeting The Costly Returns Process

Investment will back development of e-commerce software as retailers look to improve consumer online experience. Retail Technology Provider Narvar Targeting The Costly Returns Process Retail technology provider Narvar has raised $30 million in new funding to back what the company says will be aggressive expansion of a business that supports e-commerce…

U.S. Companies Sit On A Mountain of Debt (#GotBitcoin?)

Total Debt For US Corporations Tops $6 Trillion The riskiest borrowers are more leveraged than they were even during the financial crisis, according to S&P's analysis, which looked at 2017 year-end balance sheets for non-financial corporations. U.S. Companies Sit On A Mountain of Debt  On first glance, total debt has risen…

Lenders Shunned Risky Personal Loans. Now They’re Competing For Them (#GotBitcoin)

Lenders are stepping up offers of consumer loans with few strings attached, often to individuals with poor credit histories they all but ignored in the years after the financial crisis. Lenders Shunned Risky Personal Loans. Now They’re Competing For Them  The offers promise a way to help pay down other debts…

Freddie Mac Joins Rental-Home Boom

Freddie Mac is expanding its role in financing one of Wall Street’s postcrisis success stories: the booming business of investing in single-family rental houses. Freddie Mac Joins Rental-Home Boom Freddie Mac is expanding its role in financing one of Wall Street’s postcrisis success stories: the booming business of investing in single-family…

The Weaponization of Bitcoin And Global Finance (#GotBitcoin)

U.S. tariffs intensify pressure on the Turkish lira, raising prospect of an open-ended cycle of protectionism and devaluation. The Weaponization of Bitcoin And Global Finance (#GotBitcoin) Trade wars may be morphing into something more dangerous: financial wars. [embed]https://www.youtube.com/watch?v=D6s_MjAHYdI&list=PLU1KxUVqGmaMOBKvfbGX9F3irFwJsBDWi[/embed] With Turkey facing a currency crisis, President Trump last week poured fuel…

Kevin Durant, Will Smith And Erikan Obotetukudo Form Cryptocurrency (And Fiat) Venture Fund For Black Investors (#GotBitcoin)

Silicon Valley stalwart Andreessen Horowitz launches new fund in an effort to boost diversity in tech. Kevin Durant, Will Smith And Erikan Obotetukudo Form Cryptocurrency (And Fiat) Venture Fund For Black Investors (#GotBitcoin) Silicon Valley stalwart Andreessen Horowitz is launching a novel effort to boost diversity in tech: an exclusive…

401(k) or ATM? Automated Retirement Savings Prove Easy to Pluck Prematurely (#GotBitcoin?)

Researchers find that workers withdraw nearly half of their enforced contributions within eight years. 401(k) or ATM? Automated Retirement Savings Prove Easy to Pluck Prematurely Some workers are finding it hard to ignore the money they’re supposed to be setting aside for their golden years. The retirement savings made possible for…

Facebook To Banks: Give Us Your Data, We’ll Give You Our Users (#GotBitcoin?)

Facebook has asked large U.S. banks to share detailed financial information about customers as it seeks to boost user engagement. Facebook To Banks: Give Us Your Data, We’ll Give You Our Users Facebook Inc. Wants Your Financial Data The social-media giant has asked large U.S. banks to share detailed financial information…

Ultimate Resource On Crypto And Traditional Hedge Fund Closures (#GotBitcoin?)

Backed by Jamie Dinan and Dan Loeb, Cerrano Capital was launched less than a year ago. Ultimate Resource On Crypto And Traditional Hedge Fund Closures (#GotBitcoin?) A hedge fund backed by some of the industry’s biggest names, Cerrano Capital LLC, is closing less than a year after it got off…

The Money Laundering Hub On the U.S. Border? It’s Canada! (#GotBitcoin)

Strict privacy laws, a reluctance among banks to report suspicious activity and weak regulators contribute to low number of convictions. The Money Laundering Hub On the U.S. Border? It’s Canada! (#GotBitcoin) After a Vancouver-based real-estate agent wired almost $240,000 from Canada’s Bank of Montreal to an account in Boston last…

Record Drop in Foreigners Buying U.S. Homes

Foreign purchases of U.S. homes had their biggest drop ever, bringing relief to waves of American house hunters who have struggled to compete in affluent neighborhoods with wealthy buyers from abroad. Purchases by international buyers totaled $121 billion in the fiscal year ended in March, down from $153 billion the…