News

Morgan Stanley has record first quarter profits Morgan Stanley’s first-quarter profits hit a record high, helped by a lower tax bill and a boost in revenue from last quarter’s volatile markets. The New York investment bank reported a profit Wednesday of $2.67 billion, or $1.45 per share, compared with a profit of $1.93 billion, or […]

Mortgage rates rise with spring buying Long-term U.S. mortgage rates climbed upward this week, slightly worsening affordability for homebuyers. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages rose to 4.47 percent from 4.42 percent last week. This benchmark rate averaged 3.97 percent a year ago. With the start of […]

Growing your small business without outside funding can make you feel as though you’re forever trapped in a catch-22. You need to hire new employees, invest in new equipment and/or open a new storefront to increase sales and ultimately increase your company’s profit. But you don’t yet have enough profit needed to amass the capital you […]

If you are about to start a new business and looking for different ways to fund it, you must have come across various attractive loan schemes to fund your SME that are offered by various banks in Malaysia. However, you have to narrow down your search as most of these SME loan schemes require collateral. […]

When your business is in need of financing, there are many avenues you can explore. With so many options available—Kickstarter campaigns, business credit cards, more traditional loan products, and more—it can be tricky to know which type is best for your business. While there are loan products out there that are tailored to meeting specific financing […]

Decline of local banks in nonmetropolitan areas has been a challenge for small business owners, who may turn to personal savings, credit cards or contributions from family and friends, Baylor researchers say The greater the proportion of local banks in a nonmetropolitan area, the better the chances that a conventional business loan helped start or […]

Small Business Administration loans surged nearly 20 percent year-on-year in recent months, signaling continued economic growth Small-business optimism in the United States soared last year, reaching the highest level in decades. Thanks to strong credit markets, entrepreneurs have better access to funds now than at any other time in the past decade. And looking ahead, small businesses […]

A North Carolina plant that recycles plastic bottle chips. President Trump and congressional Republicans have argued that their rewrite of the tax code will create more jobs and raise wages.CreditChuck Burton/Associated Press When President Trump adds his distinctive signature to the tax bill, he will also be making a huge bet that the Republican strategy of deep cuts for […]

The U.S. banking industry has seen net interest margins gradually improve from the all-time lows it reached in early 2015 thanks to the series of rate hikes implemented by the Federal Reserve since December 2015. While the average net interest margin figure for the U.S. banking industry now stands at 3.15% (up from the record […]

ELD-WEN Holding, Inc. (“JELD-WEN” or the “Company”) (NYSE:JELD) today announced that the Company and certain of its subsidiaries, including JELD-WEN, Inc. (“JWI”), plan to enter into amendments to the credit agreements governing existing credit facilities, in conjunction with JWI’s concurrently announced offering of $800 million in aggregate principal amount of senior notes (the “Notes”). The […]