April 10, 2021

Finance

The Top 10 Financial Mistakes for Young Couples to Avoid

Talking about money may not be the most romantic conversation, but it just may be one of the best things you can do for your relationship.

At a time when the stress of a global pandemic has set divorce on the rise — particularly among younger couples, according to the National Law Review — minimizing money disputes is even more important.

But it’s not all doom and gloom: Setting a solid financial foundation is one of the first steps a newly married couple can take on their path to enduring financial harmony. Couples who can avoid the following financial mistakes

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Wall Street Finds New Way To Finance Unprofitable Tech Firms

No earnings? No problem. Investors are funneling money to unprofitable software companies through a new type of debt deal.

Nonbank lenders like Golub Capital, AllianceBernstein Holdings LP and Owl Rock Capital Partners LP have issued asset-backed bonds to help finance about $2 billion of loans to such companies since November, according to data from Kroll Bond Rating Agency Inc. and S&P Global Market Intelligence. Many of the loans are to fast-growing, but still unprofitable, software enterprises.

The rash of recent deals is the latest indicator that large investors have resumed their hunt for high-yielding debt to offset low interest rates

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Bank of America to deploy $1 trillion for sustainable finance by 2030

(Reuters) – Bank of America said on Thursday it will deploy $1 trillion for its environmental business initiative to push for green finance by 2030, expanding on the $300 billion it had announced for the same project in 2019. The second largest U.S. bank said the latest announcement puts its total commitment to sustainable finance by 2030 at $1.5 trillion.

The initiative will help the bank’s push for a greener economy through lending, capital raising, advisory and investment services to help low-carbon and other sustainable businesses, Bank of America said.

In February, Bank of America said here it would target

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Why DeFi will be the next big thing in global finance

The term “decentralization,” or rather, “décentralisation,” was first used by French aristocrat, Alexis de Tocqueville, in the mid-1800s to describe the French Revolution. Tocqueville sought freedom against a tyrannical monarchy; today, people seek freedom from the centralized entities controlling their financial lives. 

“Decentralization” continues to exude the same revolutionary connotation it did long ago. The term most recently achieved mainstream notoriety when popularized accounts and communities, such as Reddit’s WallStreetBets, exposed Wall Street hedge funds for having centralized ownership on stock trading. Hedge funds and Wall Street were quick to shut down Robinhood, an app known for giving power back

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North Adams Finance Committee Tackling Outdated Fee Structure / iBerkshires.com


NORTH ADAMS, Mass. — The Finance Committee are back to tackling the city’s lengthy list of fees, some of which have not been updated in decades.


 

The process had begun more than a year ago but was put on hold during the pandemic and the departure of the the former administrative officer who had done the initial legwork.


 


Committee Chairwoman Lisa Blackmer said she wanted to ensure that fees properly covered the costs.


 


“You know something takes X number of hours, even if you put it at the

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Singapore Hedge Fund Targets Billions for Trade Finance

Photographer: Lauryn Ishak/Bloomberg

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A Singapore hedge fund that’s posted steady gains by financing commodity trades in everything from rice to cashews, is working with a global business group to help finance billions of dollars in transactions for small firms.

TradeFlow Capital Management Pte has reached an agreement with the International Chamber of Commerce in France to start a new fund for small companies carrying out physical commodity trades, according to a statement.

TradeFlow, which has reached a preliminary agreement to be

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