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For the past several months, we have been seeing consumer finance companies turned down for forgiveness of their PPP Loans based upon the determination of ineligibility for such loans under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). So, notwithstanding that their banks made PPP loans to them in good faith, the SBA […]

Rising mortgage rates could put a chill on housing. A 30-year loan is averaging 3.5%, up from 3% just last month. If rates keep rising as the Federal Reserve tightens monetary policy, housing stocks will struggle as home loans grow less affordable. The outlook doesn’t look great for mortgage originators either, with volumes likely to […]

Three days before the East Troublesome fire obliterated more than 300 homes, Amanda and Craig Shindledecker left their house in Granby and drove to their other residence in Lakewood to escape the smoke. They made a plan when the fire started: If flames crossed Colorado 125, Craig would drive back to Granby to gather valuables […]

Moonshot stocks are coming back to Earth. As the Federal Reserve moves closer to raising interest rates, investors are repricing their bets on one of the riskiest corners of the market: shares of companies that don’t make money. Cash-burning technology firms, biotechnology companies without any approved drugs and startups that listed quickly via mergers with […]

Jan 18, 2022, 10:35pmUpdated 5m ago By: News 12 Staff Your insurance will now cover the cost of at-home COVID tests you buy at the store, but it may require some patience. At-home tests are still in high demand and tricky to find. “Me and my wife and my kids, we take tests to stay, […]

Welcome to Thomas Insights — every day, we publish the latest news and analysis to keep our readers up to date on what’s happening in industry. Sign up here to get the day’s top stories delivered straight to your inbox. A New Jersey private investment firm announced the formation of a new manufacturing and distribution […]

Insurance companies sue ERCOT over damage from February’s winter storm More than 100 insurance companies are suing ERCOT and dozens of power generating entities for the grid failure during last February’s winter storm. More than 100 insurance companies are suing ERCOT and dozens of power generating entities for the grid failure during last February’s winter […]

The Companies that Defined 2021 Attention is an increasingly valuable form of currency in the Information Age. In 2021, a handful of companies stood out from the pack, dominating the conversation and influencing society in both positive and negative ways. After vigorous internal debate, here is Visual Capitalist’s list of companies that defined 2021: Robinhood […]

click to enlarge Paying is simple with the best credit card processing services, either directly on the website or by machine. Credit card processing services are an essential component of online and offline business transactions, and your company’s capacity to accept credit card payments might make or break it. The choice you make when you […]

What happens after a trade takes place? Within the Securities Services business, there is a function called Middle Office that oversees post-trade operations – and in the digital world, trades are happening at high speeds and enormous volumes. Learn about the critical role Middle Office places plays in holding it all together. SUBSCRIBE: About […]