Category: Finance

Posted in Finance

Deutsche Bank Considers Financial Support for Wirecard Bank Subsidiary

(Bloomberg) — Deutsche Bank AG is weighing the acquisition of all or part of disgraced Wirecard AG’s bank, potentially throwing the business a lifeline after one of the biggest corporate scandals in recent years.

The Frankfurt-based lender is in touch with regulator BaFin, Wirecard Bank’s management board and administrators on possible further steps to help Wirecard’s finance unit, a Deutsche Bank spokesman said by e-mail, without elaborating. Options include taking on pieces of Wirecard Bank or the unit in its entirety, people familiar with the matter said, adding that the lender is still debating other ways to help Wirecard Bank and hasn’t made a final decision.

Deutsche Bank had informal tie-up talks with the scandal-hit fintech last Spring, though it quickly broke off the preliminary discussions. Wirecard Bank — which sat at the heart of the firm — could be valuable to a potential acquirer because of its relationship with

Read More
Posted in Finance

8 Contactless Payment Apps To Help You Avoid Touching Cash

Even though you probably don’t have to worry about catching the coronavirus from touching cash, it certainly doesn’t hurt to avoid physical currency if possible. The same goes for handling your wallet and credit cards.

With several contactless payment options available, there’s really no need for many people to expose themselves to the coronavirus by touching these objects unnecessarily.

According to a survey by The Ascent, 55% of U.S. consumers are worried about handling cash, while about three-quarters of respondents said they plan to continue using contactless payments once the pandemic is over. Eighty percent of contactless payments are for transactions under $25, “a range usually dominated by cash,” according to the report.

“Contactless payment was growing in popularity even before the pandemic, but it’s clear that now, more than ever, consumers are eager to embrace any options that align with social distancing guidance,” said Anna Barker, a

Read More
Posted in Finance

California nursing homes got insider access to Newsom’s health care regulators. Here’s how

On April 9, California nursing homes were already in a state of crisis. Employees were staying home, fearing for their safety without proper protection. Facilities reported deaths daily.

At 12:30 p.m. that day, the chief advocate for California’s nursing home industry dispatched an email to officials at the California Department of Public Health. The email listed seven urgent concerns facing nursing homes, including child care and housing for workers.

The most detailed priority on the list: “The continuing bleed of $$$ to respond to COVID.”

“We’ve been working … on getting rate increases but making that happen sooner than later will help,” the industry advocate wrote.

Increased protective equipment for staff members and testing were the final items on the list.

Those priorities came from Craig Cornett, the CEO of the California Association of Health Facilities, an industry group representing 80 percent of the nursing homes in the state.

Cornett’s

Read More
Posted in Finance

9 things I learned making 6-figures every year for the last 5 years

I’ve made 6-figures every year for five years. I already know you don’t care about my financial position and that’s not the point of this article.

The money I made came from writing blog posts, publishing ebooks, working in finance, and owning a small side business that does consulting. In my early 20s, I thought making six-figures was crucial.

The idea of what money is has grown on me.

Most of us spend our entire lives trading time for money and not knowing why.

This has been the recurring thought bouncing around in my head for a while now. Understanding money meant understanding myself and perhaps life to a degree.

Here’s what I learned making 6-figures.

It won’t make you a better person

There are arrogant people everywhere who make a lot of money and treat people like garbage in the process. Seeing and meeting these people has made me

Read More
Posted in Finance

We signed up for Parler. Here’s what you’ll find on the right’s latest social media platform

Credit: Parler
Credit: Parler

A right-wing exodus from Twitter and Facebook following accusations of conservative censorship spiked a surge in downloads and new user accounts on Parler, which has branded itself “the free speech social network”.

Far-right figures banned from other platforms have found a new home on the app, where right-leaning or far-right users ridicule so-called “autonomous zones” and “safe spaces” while simultaneously revelling in their own.

Founded in 2018, Parler — describing itself as “unbiased social media focused on real user experiences and engagement” that allows “free expression without violence and no censorship” — has become an echo chamber of support for Donald Trump, whose campaign dominates a platform where conservative media personalities and outlets amplify his agenda.

The president is not on the app (yet), but his son Eric Trump and White House press secretary Kayleigh McEnany are, along with his Republican allies like Devin Nunes, Jim Jordan, Matt

Read More
Posted in Finance

Record cash floods Democrats, Black groups amid protests and pandemic

Online donors poured a record $392 million into campaigns and causes via ActBlue in June, a sign of surging activism and political enthusiasm on the left that smashed the previous monthly high, from just before the 2018 election, by a whopping 50 percent.

The eye-popping numbers on ActBlue, the favored digital fundraising platform for the Democratic Party as well as a growing host of left-leaning nonprofits, make for a startling split-screen next to Great Depression-level unemployment and spiking coronavirus cases across the country.

But the left’s online giving surge is blunting one of President Donald Trump’s remaining advantages in the presidential election, as his poll numbers sink: his financial edge. Small-dollar donors are filling up Joe Biden’s campaign coffers, giving Democratic Senate and House candidates a financial cushion in many of the biggest 2020 elections, and pouring resources into newly emboldened civil rights organizations, which are scaling up rapidly amid

Read More
Posted in Finance

Don’t Make These 10 Freshman Mistakes In College

Make the most of freshman year.

Starting a new life as a college freshman can be an intimidating and overwhelming experience. As new students try to get their footing, many are likely to make a few mistakes along the way. U.S. News rounded up tips from Twitter followers, students and experts on common first-year blunders to avoid.

Ignoring college health guidelines

A student’s freshman experiences are exciting, but don’t ignore a college’s heath guidelines during the coronavirus pandemic. Many colleges are asking that students practice social distancing measures and wear face masks to avoid spreading the novel coronavirus that causes the disease COVID-19. Freshmen can keep up to date on the latest recommendations to stay safe on campus by checking their college’s website and reviewing Centers for Disease Control and Prevention guidelines.

Trying to do it all alone

Need help with a class? Talk to your professor or see a

Read More
Posted in Finance

If you don’t get more stimulus checks this summer from Uncle Sam, here’s how the stock market may react

With cities across major states such as California, Florida and Texas returning to some form of lockdown due to spiking COVID-19 cases after brief full re-openings, it’s becoming clear the U.S. economy will likely need a fresh jolt of stimulus from lawmakers.

If that stimulus isn’t received this summer the stock market — which has been blindly rallying despite growing risks of a renewed dive in economic activity because of COVID-19 —could easily fall off a cliff.

“It will be a hit, no question,” warned Belpointe Asset Management chief strategist David Nelson on Yahoo Finance’s The First Trade of the risk to stocks if more stimulus isn’t enacted. Other pros Yahoo Finance has chatted up estimate the stock market could plunge nearly 20% if lawmakers don’t enact additional stimulus.

Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, individuals were eligible for up to $1,200 (depending on income level)

Read More
Posted in Finance

Turkey determined to control social media platforms, Erdogan says

ISTANBUL (Reuters) – Turkey will introduce regulations to control social media platforms or shut them down, President Tayyip Erdogan announced on Wednesday, pressing ahead with government plans after he said his family was insulted online.

Finance Minister Berat Albayrak, Erdogan’s son-in-law, said on Twitter on Tuesday that his fourth child had been born. Following the tweet, some users insulted Albayrak’s wife Esra.

Users of 11 out of 19 accounts determined to have shared content that insulted Albayrak and his family were detained, Turkish police headquarters said in a statement on Wednesday.

Speaking to members of his AK Party, Erdogan repeated that his party would introduce new regulations to control the use of social media, adding that an increase of “immoral acts” on the platforms in recent years was due to a lack of regulations.

“These platforms do not suit this nation. We want to shut down, control (them) by bringing

Read More
Posted in Finance

Constellation Brands buys direct-to-consumer Empathy Wines

It’s time for Constellation Brands to toast the completion of its latest acquisition, one made with the future of alcohol consumption in mind.

The maker of Corona beer and Robert Mondavi wine said Wednesday it will purchase direct-to-consumer wine brand Empathy Wines. Terms of the transaction weren’t disclosed. Empathy Wines was founded in 2019 by well-known entrepreneur, wine expert and media personality Gary Vaynerchuk. The deal comes on the heels of Constellation Brands (STZ) selling its lower priced wine portfolio to E.J. Gallo for $1.1 billion. It will instead focus its efforts on higher-end wines such as Robert Mondavi and now, Empathy Wines.

The Empathy brand hawks $20 bottles, sustainably raised wine delivered directly to subscribers. Vaynerchuk — who has extensive marketing experience and is the CEO of VaynerMedia – has used his 10 million plus follower presence on Twitter and Instagram to help drive interest and sales for Empathy

Read More