Day: October 2, 2020

The US has been underbuilding housing over the past decade

Amid the pandemic, housing has been one area of the economy that has been doing relatively well as reflected by a rise in both builder confidence and housing starts.

But housing construction has lagged demand in the years since the Great Recession, with single-family housing starts in particular declining in the last decade despite a continuously growing population. 

Home construction and sales have quickly rebounded after being slammed by the economic turmoil caused by the pandemic in the spring. New privately-owned housing starts rose for three-straight months before declining by 5.1% in August from July’s revised figure of 1.492 million.

A large monthly decline in starts for multi-family units, like apartments, contributed to the overall decline. Single-family starts also rose by 4.1% in August to 1.021 million, the highest rate since February’s figure of 1.034 million as reported by The Wall Street Journal. US existing home sales also jumped by

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How The Right Technology Reveals Finance’s True Power In Midsize Businesses

By Randy Garrison, Vice President Global Line of Business Finance and Head of Value Advisory, SAP

The question of whether finance leaders could be co-equal partners with all other organizations has long been a topic of conversation for midsize companies. But all too often, a vital point of the debate is missing: finance is an untapped source of strategic insight needed to move the business forward profitably and intelligently.

When facing issues with governance, risk, and compliance, every function needs to work together with a common language – data. Most midsize companies are already acquiring the digital tools to capture and share data, knowledge, and insights across organizations – from IT to customer service. However, finance teams are not always included in these coordinated efforts.

In its report “The Great Connector,” IDC revealed that – while top performers are further along – barely over one-third of most midsize companies are

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G&G Independent Insurance Acquires Arkansas Insurance Advisors in Little Rock

G&G Independent Insurance (G&G) in Fayetteville, Ark., has acquired the Little Rock-based agency, Arkansas Insurance Advisors (AIA).

The transaction became effective on Sept. 25, 2020.

Founded in 2015, AIA is an independent insurance agency that focuses on ensuring clients have the proper insurance coverage at a competitive price in Central Arkansas. As a part of the transaction, AIA’s employees will join G&G’s operations and continue to work out of their existing location in Little Rock.

G&G Independent Insurance is a full service independent insurance agency located in Fayetteville, Ark. G&G was founded, and is operated, with a commitment to providing clients the best possible protection, at the most affordable price. G&G offers a wide variety of coverage including auto insurance, home insurance, motorcycle insurance, flood insurance, life insurance, commercial insurance and more.

Source: G&G Independent Insurance

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Money from bank hacks rarely gets laundered through cryptocurrencies


Image: SWIFT

Despite being considered a cybercrime haven, cryptocurrencies play a very small role in laundering funds obtained from bank hacks; the SWIFT financial organization said in a report last week.

“Identified cases of laundering through cryptocurrencies remain relatively small compared to the volumes of cash laundered through traditional methods,” said SWIFT, the organization that runs the SWIFT inter-bank messaging system used by almost all banks across the world to wire funds across borders.

These traditional methods include the use of money mules, front companies, cash businesses, and investments back into other forms of crime, such as drug trade or human trafficking.

Past cases of cryptocurrency use to launder stolen bank funds

SWIFT saud that incidents where hackers laundered money via cryptocurrencies have been rare and far between.

One example listed in the organization’s report is the case of a criminal gang who performed an ATM cashout attack. SWIFT

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What is a Secured CD Loan?

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It’s easy to see the appeal of a CD-secured loan: easy approval, fast cash, and lower interest rate than other personal loans. 

But these loans aren’t quite as simple as they might seem, so make sure you know what you’re getting into before you sign the dotted line. 

If you have a CD and are considering taking out a CD-secured loan, here’s what you need to know.

Is a CD Secured Loan Right For You?

The main reason you should consider a CD loan is to improve your credit. Banks are more likely to approve the loan because they already hold your collateral – your CD.

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