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Cash-out refinancing and home equity loans are two of the most popular tools available to access your equity. A cash-out refinance works like this: You apply for a new mortgage loan that's larger than your current one. Interest rates and loan termsBoth cash-out refinances and home equity loans typically come with fixed interest rates, but home equity loan rates tend to be a few points higher. ConsiderationsBefore deciding to use a home equity loan or cash-out refinance, you'll need to take the following costs into account first. Choosing the right optionBoth home equity loans and cash-out refinancing can help you turn equity into cash.

Persons: Cash, You'd, it's, what's, Melissa Cohn, William Raveis, refinance, you'll, Nicole Straub, — Organizations: LTV, William Raveis Mortgage, Discover Locations: foreclosing, —

☆ Shopify's new marketplace takes a markedly different approach than Amazon's
▼ + stars: | 2023-11-07 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

Like on the app, shoppers using the new site can search for and purchase products from across Shopify's merchant base. Shop Cash can only be redeemed on Shop. The app and website also display special offers from merchants where shoppers' Shop Cash rewards are multiplied. Shopify's web app and Shop app before it are as much marketplaces as Amazon," Juozas Kaziukėnas, CEO of e-commerce intelligence firm Marketplace Pulse, told Insider. We're not disclosing just yet, but the Shop app is becoming much more popular," company president Harley Finkelstein said in response.

Persons: Shopify, Rick Watson, Watson, they've, Siti Panigrahi, Harley Finkelstein Organizations: Google, RMW Commerce Consulting, Cash, Shopify, Shoppers, Shop, Mizuho Securities, LTV, Amazon

A woman holds her smart phone which displays the Google home page, in this picture illustration taken February 24, 2016. Google's James Kolotouros, who negotiated search distribution agreements with Android device makers and carriers, testified the agreements gave Google search exclusivity, and Google monitored compliance with them. Advertisers are not told their LTV, and Google uses "tunings" to adjust the price of ads, he said. Google's vice president and general manager of ads, Jerry Dischler, acknowledged that Google earned more than $100 billion in 2020 from search ads. Apple's (AAPL.O) senior vice president of services Eddie Cue praised Google's search and acknowledged under questioning that the smartphone maker had meetings with Microsoft and DuckDuckGo, which uses Bing searches, but found them inadequate.

Persons: Eric Gaillard, Google's James Kolotouros, Adam Juda, Joshua Lowcock, Jerry Dischler, Satya Nadella, Eddie Cue, Bing, John Schmidtlein, Google's, Diane Bartz, Marguerita Choy Organizations: REUTERS, U.S, Google, Department, GOOGLE, Verizon, Samsung, LTV, UM Worldwide, Microsoft, Apple, Nokia, Bing, Thomson Locations: WASHINGTON

An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. The Justice Department has accused Google of manipulating online auctions - a multibillion dollar industry dominated by Google - with these formulas to favor its own bottom line. Dahlquist asked Juda if they had introduced changes to ad sales in a way that raised the cost-per-click by a consumer that advertisers pay. But Wendy Waszmer, a lawyer for Google, asked Juda on Wednesday afternoon on if there were ways that his ads quality team could raise prices unilaterally. Google's advertising business has been criticized by advertisers and website publishers for a lack of transparency, with both accusing Google of siphoning off too much revenue.

Persons: Arnd, Adam Juda, David Dahlquist, Juda, Dahlquist, Wendy Waszmer, Diane Bartz, Aurora Ellis Organizations: REUTERS, WASHINGTON, U.S . Justice Department, The, Google, Justice, European Union, LTV, Thomson Locations: Zurich, Switzerland, Washington, United States

☆ US Steel, once a symbol of America’s economic might, is now for sale in the bargain bin
▼ + stars: | 2023-08-19 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

The Pittsburgh-based company formed in 1901 as a merger of the nation’s leading steel companies — including Carnegie Steel Corp. — and was engineered by financier J.P. Morgan. But, in recent years, US Steel’s fallen far below other American steel companies in steel output and stock market value. (Last year, US Steel shipped only 11.2 million tons of steel from its US operations and had just under 15,000 US employees.) That compares to 14.49 million metric tons from US Steel, including its operations in Europe, which rank 27th in the world for 2022, according to the World Steel Association. Bradford said all along the way, US Steel and other US integrated steelmaking rivals with storied names such as Bethlehem Steel, Inland Steel and LTV Steel underestimated the competitive challenge that they faced from overseas and mini-mills at home.

Persons: J.P, Morgan, Andrew Carnegie, eyeing, ”, Charles Bradford, “ It’s, ” Bradford, Nucor, Bradford, Walt, Joe Biden, Biden, what’s, he’s, Sen, J.D, Vance Organizations: New, New York CNN, US Steel Corp, US Steel, Steel, titans, Carnegie Steel Corp, United Nations, Homestead, US Steel's Carnegie, Illinois Steel Corp, Bettmann, Atlantic, Pittsburgh, Pittsburgh Post, Gazette, US, Fairfield Works, . Steel, World Steel Association . US Steel, Bethlehem Steel, Inland Steel, LTV Steel, Dow Jones, Walt Disney, JPMorgan, Co, Street, LTV, Reuters, Cliffs, The United Steelworkers, Ohio Republican Locations: New York, Pittsburgh, United States, Europe, Japan, Germany, Fairfield Works ., Charlotte, America, Bethlehem, steelmakers, China, India, Korea, Inland, Cleveland, Ohio

☆ Canoo finalizes incentive package with Oklahoma, Cherokee Nation
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

A view shows a Canoo LTV (Light Tactical Vehicle) electric vehicle, produced for the U.S. Army, at a manufacturing site in Livonia, Michigan, U.S. November 29, 2022. REUTERS/Rebecca Cook/File PhotoAug 14 (Reuters) - Electric-vehicle startup Canoo (GOEV.O) said on Monday it finalized incentive agreements with the state of Oklahoma and the North American tribe Cherokee Nation, for an estimated value of $113 million over 10 years. As part of the agreements, Canoo said it has already started hiring for its vehicle assembly facility in Oklahoma City and the battery manufacturing factory in Pryor. Canoo, which will invest more than $320 million at both its facilities in the state, had entered into a long-term lease agreement for the vehicle manufacturing facility in Oklahoma City earlier this year. Reporting by Tanya Jain and Akash Sriram in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Rebecca Cook, Canoo, Tanya Jain, Akash Sriram, Krishna Chandra Organizations: LTV, U.S . Army, REUTERS, Cherokee, Department of Commerce, Thomson Locations: Livonia , Michigan, U.S, Oklahoma, Oklahoma City, Pryor ., Bengaluru

☆ Here are Friday's biggest analyst calls: Amazon, Netflix, Nio, Coinbase, Apple, Chevron, BJ's, Carvana
▼ + stars: | 2023-08-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on shares of Apple. JPMorgan reiterates Netflix as overweight JPMorgan said it's standing by its overweight rating on Netflix shares. Morgan Stanley upgrades DigitalOcean to equal weight from underweight Morgan Stanley said in its upgrade of the software company that its thesis on DigitalOcean has largely played out. Morgan Stanley reiterates Carvana as underweight Morgan Stanley said the company still has "alot to prove." Wells Fargo reiterates Chevron as overweight Wells said it's standing by its overweight rating on shares of Chevron.

Persons: Morgan Stanley, Apple, it's, hasn't, pushback we've, Mizuho, Coinbase, Redburn, DigitalOcean, Nio, Carvana, Wells, Wells Fargo, BJ, JPMorgan, Krispy Kreme, Krispy, Stephens, Wolfe downgrades Stanley Black, Decker, Wolfe, Argus Organizations: Apple, iPhone, Services, JPMorgan, Netflix, ARM, Walmart, Credit Suisse, HOOD, " Bank of America, Oncology, Bank of America, Citi, Cisco Citi, Cisco, Arista, Juniper, Enterprise, Deutsche Bank, Deutsche, Chevron, FedEx, Garden Entertainment Locations: Coinbase, 2Q, HOOD

☆ Factbox: U.S. banks increase reserves for commercial real estate exposure
▼ + stars: | 2023-07-21 | by ( Matt Tracy | ) www.reuters.com time to read: +5 min

While regional banks carry the greatest exposure to the commercial real estate (CRE) sector, second quarter earnings show that a number of big banks have prepared for potential defaults, primarily on office loans. However, Borthwick noted the bank's office CRE exposure was low relative to its overall loan portfolio, at 2%. CRE loans represented just 15% of the bank's overall lending book, while only 1% of the CRE loan portfolio was office-related. WELLS FARGO (WFC.N)The bank said it had a $949 million increase in its allowance for credit losses, primarily CRE office loans. WEBSTER FINANCIAL CORP (WBS.N)The regional bank's nonperforming CRE loans ticked up to $47.9 million last quarter from $35.8 million in the first quarter.

Persons: Goldman Sachs, Andrew Kelly, Alastair Borthwick, Borthwick, GOLDMAN SACHS, markdowns, Denis Coleman, Jeremy Barnum, WELLS, Charlie Scharf, Bruce Van Saun, Dominic Ng, East, James Leonard, MORGAN STANLEY, Webster, Glenn MacInnes, John Ciulla, Matt Tracy, Michelle Price, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, U.S, AMERICA CORP, GOLDMAN SACHS GROUP INC, Goldman, JPMORGAN CHASE &, JPMorgan, Citizens, EAST WEST BANCORP, East, BANCORP, WEBSTER FINANCIAL, Thomson Locations: New York City , New York, U.S, California, CRE

☆ Major UK lender Halifax pushes up mortgage rates
▼ + stars: | 2023-06-06 | by ( Andy Bruce | ) www.reuters.com time to read: +1 min

LONDON, June 6 (Reuters) - Britain's largest mortgage provider Halifax will ramp up interest rates for new home loans on Wednesday, according to pricing provided to brokers, the latest major lender to do so in response to soaring funding costs. The decision by Halifax, part of Lloyds Banking Group (LLOY.L), comes after rivals like Nationwide Building Society announced hefty increases to mortgage rates. Two-year deals rather than five-year deals are currently popular among borrowers who hope that rates will fall again soon. "This latest increase by the biggest mortgage lender in the UK will spook buyers and sellers alike not to mention those due to re-mortgage in the next few months," Lewis Shaw from broker Shaw Financial Services said. Property website Rightmove said on Tuesday this was the first week since January that rates have averaged 5% or more across all LTV brackets.

Persons: Liz Truss, Lewis Shaw, Rightmove, Andy Bruce, Lisa Shumaker Organizations: Bank of England, Halifax, Lloyds Banking Group, Nationwide Building Society, Shaw Financial Services, Thomson Locations: Halifax

☆ A real-estate investor who started with 2 single-family houses and leveraged their debt to scale to over 2,400 rental units shares 4 tips he and his partner used to maximize cash-out refinances to pur
▼ + stars: | 2023-05-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

The cash was then used to purchase then next set of investment properties. Whitmore and his now business partner, Joel Thompson, saw a newspaper ad for two run-down single-family houses in Tulsa, Oklahoma. Whitmore scraped the cash from two tax refunds, buying and selling used watches, and an $8,000 loan from his parents. The rental income is used to pay back the loan or mortgage, while the cash is put towards purchasing the next property. But for a $50,000 house, Whitmore says you can spot structural issues just by looking for cracks in the interior walls or in the exterior brick.

Kaplan said he shared Richenderfer's concerns, but would not take any action to stop LTL's second bankruptcy filing until he gets more information. J&J faces more than 38,000 lawsuits that have been consolidated in federal court in New Jersey alleging that its talc products sometimes contained carcinogenic asbestos, and those cases have been on hold while LTL pursues a bankruptcy settlement. J&J has said its baby powder and other talc products are safe, do not cause cancer or contain asbestos. LTL attorney Greg Gordon said at Tuesday's court hearing that the second bankruptcy is different because the company has fewer assets available and more support for a bankruptcy settlement. Gordon called that an "over the top accusation," saying plaintiffs' support for the settlement is real and substantial.

The HUD is cutting annual mortgage insurance premiums on FHA mortgages from 0.85% to 0.55% for most new borrowers. The new FHA mortgage insurance rates are set to go into effect on March 20. But in March, FHA borrowers will be able to take advantage of lower annual mortgage insurance rates. New FHA MIP chartThese lower annual MIP rates will be available to those getting a new FHA mortgage on or after March 20, 2023. When getting an FHA mortgage, borrowers pay both an upfront and annual mortgage insurance fee.

☆ A financially independent 34-year-old says that building wealth through real estate investing is 'a numbers game.' He explains how to win the game by avoiding 'lazy money.'
▼ + stars: | 2023-01-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

The key to making money as a real estate investor is to avoid what he calls "lazy money." He also owns a handful of properties and manages two funds that invest in commercial real estate, both of which he owns a piece of. "I'm supremely confident that real estate is much better from a risk-reward standpoint than stocks," the 34-year-old told Insider. Making money via real estate investing "is all a numbers game," said Berkley. And the way to win the game is by avoiding what he calls "lazy money," which he describes as money that's not being put to use in the best way possible.

☆ With mortgage rates dropping and fee changes in the pipeline, now may be the time to buy that home
▼ + stars: | 2023-01-23 | by ( Jason Stauffer | Benji Stawski | ) www.cnbc.com time to read: +7 min

Is now a good time to lock-in your mortgage rate? As long as the Federal Funds rate stays high, so will mortgage rates. Today's 30-year mortgage rates are currently 0.93% lower than they were last fall, when rates hit 7.08%. The upcoming FHFA fee changes affect conforming conventional loans, which can be sold to Fannie Mae or Freddie Mac by lenders. The future fee changes will add an additional layer of complexity to a process that already causes heads to spin.

As the cost of signing up new customers rises, “lifetime value” is set to become must-use jargon for technology executives, investors and analysts in 2023. The concept of lifetime value is not new, but a common definition remains elusive. The problem is that everyone seems to have a different definition of lifetime value. But lifetime value isn’t a silver bullet, as Gurley noted a decade ago. As with previous buzzwords, investors may find that references to lifetime value do more to confound than clarify.

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Meta, Alphabet, GM, Walmart, Coinbase & more
▼ + stars: | 2022-11-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Thursday's biggest calls on Wall Street: JPMorgan downgrades Roblox to neutral from overweight JPMorgan downgraded the stock after Roblox's earnings report, noting it now sees "modest" sales growth. Bank of America downgrades Silvergate to neutral from buy Bank of America said that Silvergate is losing it's first mover advantage. Bank of America downgrades Upstart to underperform from neutral Bank of America downgraded the consumer lending company and cited a tough macro environment. JPMorgan downgrades Vacasa to neutral from overweight JPMorgan said in its downgrade of the vacation booking company that trends appear soft. Bank of America reiterates Meta as neutral Bank of America said it's encouraged by the new "cost focus" at Meta as the company cuts jobs.

☆ Meet the Pop Icons Who Inspired a Generation of Arab Queens
▼ + stars: | 2022-10-20 | by ( Shane O Neill | ) www.nytimes.com time to read: +6 min

Surfacing Meet the Pop IconsWho Inspired a Generation ofArab QueensAs children, the drag queens of Beirut didn’t have to look far for inspiration. ... / ... Click to unmute RotanaShe doesn’t particularly like Haifa’s voice, and doesn’t think she’s a good dancer either. Just this year, Feghali appeared on Lebanese TV impersonating her. ... / ... Click to unmute Télé LibanFor Diva, performing as Sabah and incorporating Arab culture into her drag represents a paradigm shift in how Beirut’s L.G.B.T.Q. The sender’s bio read, “Future Lebanese drag queen.”“This is what I want to see,” Anya said, using an expletive.

☆ Santander temporarily pulls some UK mortgage products - email to brokers
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: 1 min

LONDON, Sept 27 (Reuters) - Santander became the latest high street bank in Britain to temporarily pull some of its mortgage products for new customers, as lenders struggle to price loans in response to wild swings in sterling funding markets. "On Wednesday 28 September, we're temporarily removing all 60% and 85% LTV products from the new business range," Santander said in an email sent to brokers on Tuesday, seen by Reuters. "The majority of our new business residential and Buy to Let fixed rates also will increase by up to 0.40% and product transfer fixed rates will increase by up to 0.30%." Register now for FREE unlimited access to Reuters.com RegisterReporting by Andy Bruce; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.

☆ The wealthy are buying yachts and jets in record numbers, and they're doing it without having to put much cash down. Here is how it works.
▼ + stars: | 2022-01-19 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

The wealthy have been buying up yachts and jets without having to put much cash down. Borrowing against yachts or jets at the point of purchase — or shortly after — means customers can put up little to no cash to close the deals. Depending on the desirability of the asset, banks extend loans from half to nearly 100% of its value. Another benefit of lending against yachts and jets is that clients can still enjoy them during the loan. At Bank of America, 80% of its yacht-backed loans are for existing private bank clients, according to Verbit.

☆ Познакомься со своим ментором! Узнай о менеджерах Philip Morris Moldova, наставниках стажировки INKOMPASS 2021
▼ + stars: | 2021-05-27 | by ( ) ru.diez.md time to read: +5 min

Компания Philip Morris Moldova начала регистрацию участников в программе стажировки INKOMPASS 2021, которая даст молодым людям возможность открыть для себя профессиональный мир и понять, как работает компания мирового уровня. Дружественная и инновационная средаИон Ботнару присоединился к команде Philip Morris Moldova год назад. Обучайся и применяй на практикеЕвгений Лукашов присоединился к команде Philip Morris Moldova восемь лет назад. «Будущие стажеры найдут в Philip Morris Moldova активную и профессиональную команду, а также множество интересных проектов в различных сферах. Philip Morris Moldova является представительством международной компании Philip Morris International, которая трансформирует табачную промышленность, чтобы создать будущее, свободное от табачного дыма.

Persons: Philip Morris, “ Philip Morris, Philip Morris Moldova, Philip Morris Moldova Philip Morris, Ион, Ион Ботнару, Регина Сырбу, Регина, Лукашов, Евгений, Евгений Лукашов Organizations: Philip Morris Moldova, LTV, Consumer, “ Philip Morris Moldova, Philip Morris Moldova Philip Morris International, Philip Morris International, Служба поддержки клиентов ( ) Locations: Philip Morris Moldova, INKOMPASS, –, Молдова

Un mediu prietenos și inovatorIon Botnaru s-a alăturat echipei Philip Morris Moldova acum un an. Înveți și aplici în practicăEvgheni Lucașov s-a alăturat echipei Philip Morris Moldova acum opt ani. „Viitorii stagiari vor găsi la Philip Morris Moldova o echipă activă și profesionistă, precum și o mulțime de proiecte interesante din diverse domenii. Philip Morris Moldova este afiliat al Philip Morris International, care transformă industria tutunului pentru a crea un viitor fără fum. Compania este liderul pieței de tutun din Moldova și unul dintre cei mai mari contribuabili la bugetul de stat.

Persons: Ion Botnaru, Philip Morris Moldova, Ion ., Ion, Sîrbu, Philip Morris, Evgheni Lucașov, Evgheni, Philip Morris International Organizations: Consumer, Commercial Locations: Moldova, Sales

An LTV ratio of 80% or less is typically considered ideal for refinancing, but you can refinance with a higher ratio. Lenders track the amount of ownership interest you have in your home by calculating your loan-to-value (LTV) ratio. Other ways your LTV ratio affects refinancingHaving an LTV ratio low enough to receive refinancing approval is the first step. A lender may approve your application with a high LTV ratio if other parts of your financial portfolio are solid. How to improve your LTV ratio before refinancingThere are two basic ways to lower your LTV ratio: Pay down your mortgage, or increase your home value.

Persons: —, you'll, You've, Freddie Mac Organizations: Service, LTV, PMI, Invest

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