Lokesh Ahuja, AVP at Nykaa, has shared a cautionary story on LinkedIn. He recently taught his mother how to use UPI payments. He came across something that rang an alarm bell. Scrolling through her phone later, Ahuja spotted several AutoPay mandates. She unknowingly subscribed to multiple services through free trials. These offered zero cost during […]
Key takeaway: Prosperity Bancshares executives say they’ve lost loans in recent weeks to competitors that are willing to price or structure deals more aggressively. Supporting data: During the second quarter, the company’s loan portfolio shrank by 1% on a linked-quarter basis. Expert quote: “Some things out there are getting to the point of being ridiculous.” […]
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The macroeconomic challenges of recent years have hit small businesses hard, prompting many merchants to rely on personal credit cards to keep their operations running. While some small business owners may not qualify for business credit lines, a study from Bluevine identified another challenge: among the roughly two-thirds of business owners surveyed who applied for […]
The S&P 500 Index ($SPX) (SPY) today is down -0.71%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -1.53%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.98%. September E-mini S&P futures (ESU26) are down -0.75%, and September E-mini Nasdaq futures (NQU26) are down -1.03%. Stock indexes are falling today, with the S&P 500 sliding to a […]
She signed a client’s name, moved $118,000 through hidden accounts and kept less than $2,000
Mortgage rates could drop a little over the next few days, as central bankers at the Federal Reserve ultimately decided to hold overnight borrowing rates steady at their meeting ending July 29. Mortgage rates jumped in the days leading up to the meeting, as speculation grew among futures traders that central bankers could vote to […]
Morgan Stanley Investment Management is expanding its push into digital assets with the launch of two crypto exchange-traded products (ETPs) tied to Ethereum and Solana. Following the success of its Bitcoin investment products, the new funds combine low fees with the ability to earn yield through staking, potentially making them an attractive option for investors […]
Oil prices have surged back above $90/barrel after Iran launched a surprise attack on U.S. forces in the Middle East on Wednesday morning. Further increases were expected as President Trump vowed to retaliate against Iran for the ballistic missile attack on a U.S. military base in Jordan. “We’ll be hitting them hard. They’re going to […]