Category: Personal Finance

US-based Fidelity marks down value of India’s e-commerce giant Flipkart

Jan 26 U.S.-based mutual fund Fidelity Rutland Square Trust II has marked down the value of its holding in Indian e-commerce firm Flipkart Online Services Pvt Ltd by around 36 percent. Fidelity, in a filing with the U.S. Securities and Exchange Commission dated Jan. 24, logged the price of its holding as $52.13 per share as of Nov. 30, from $81.55 at the end of August.

Tech vendor Misys launches P2P lending software for banks

Jan 17 Financial technology vendor Misys is launching software to enable banks to provide peer-to-peer lending to their customers as competition from young companies in the sector heats up. The technology would enable retail and corporate banks to connect their customers looking for loans with individual or institutional investors digitally, the private London-based software company said on Tuesday.

Food Halls Vs. Restaurants: Comparing Investments

Established restaurant chains with strong financials will likely still be valued at a premium over a food hall/marketplace-unless the guarantor has a history that would surpass other chains or operators, Hanley’s Carlos Lopez tells GlobeSt.com. Get alerted any time new stories match your search criteria.

Dracut schools hacked

The personal information — including Social Security numbers — of current and former Dracut Public Schools employees has been stolen in a cyberattack, according to Superintendent Steven Stone. The district confirmed on Friday that an employee fell for a sophisticated phishing scheme that allowed the perpetrators of the attack access to the information.

5 Ominous Signs for the Securities Industry

Donald Trump’s election win created a sunny day in the financial industry. The promise of deregulation has sent financial stocks up about 10 percent — almost double the gain in the Standard & Poor’s 500 Index — and related exchange-traded funds have attracted more than $11 billion in new money.

Sykes Enterprises, Incorporated (SYKE) Stock Rating Upgraded by Zacks Investment Research

According to Zacks, “Sykes Enterprises, Inc. is a leader in providing vertically integrated technology-based solutions through an integrated strategy combining its information technology services with an emerging e-commerce platform. Sykes’ continues to leverage its position as a leading provider of information technology services by assisting its clients in capitalizing on the growth of e-commerce over the Internet.

Analysts’ Updated EPS Estimates for December, 28th (ACFC, ADVOF,…

According to Zacks, “Atlantic Coast Financial Corporation, formerly known as Atlantic Coast Federal Corporation, operates as a savings bank through its subsidiary Atlantic Coast Bank, a federally chartered and insured savings bank serving northeastern Florida and southeastern Georgia markets. The products offered by the bank includes checking accounts, savings accounts, money market accounts, demand deposit accounts, time deposit accounts, certificates of deposit, family residential first and second mortgage loans, home-equity loans, commercial real estate loans, commercial and residential construction loans, land and multi-family real estate loans, commercial business loans, and automobile and other consumer loans.

Re: Always some not trusting robots

I rather believe in the society postulated in the movie The Sleep Dealer: millions of robots with fallable AI,and the solution was to link a human operator to each robot. The person served no longer had to see the person serving, because impoverished peoples worked by telepresence over the internet, and never had to leave their villages.