What is a tear sheet? The term tear sheet can have different meanings depending on the industry. In finance, a tear sheet is a single-page document that is used to summarize key information about individual companies or funds. The term “tear sheet” dates back to the days when brokers literally tore a page out of…
As one of the world’s largest suppliers of computers, network servers and related products and services, Dell Technologies Inc. competes against a range of giant technology companies, including HP Inc., Hewlett-Packard Enterprise Group, Lenovo Group Ltd., Acer, and Apple Inc. After investing billions of his own money to take the private company in 2013, Michael…
Phil Spencer, the head of Microsoft’s gaming company Xbox is optimistic about the Metaverse but remains “cautious” about play-to-earn (P2E) crypto games due to its economic and speculative aspects. Speaking with Bloomberg anchor Emily Chang on Thursday, Spencer suggested that while many gamers are not yet sold on the current concept of a metaverse, according…
What is a negative confirmation? Negative confirmation is a letter or document requesting that the recipient respond to the sender only if there was a problem with the content of the message or if the recipient wished to withdraw from the event to which the letter was addressed. Negative confirmation letters can be used in…
As the crypto community tries to navigate the bear market and recover from the onslaught brought about by stablecoin incidents like the Terra crash, another algorithmic stablecoin shows signs of struggle as it falls below its United States dollar peg. Algorithmic stablecoin Neutrino Dollar (USDN) has deviated from the dollar once again, marking the fourth…
In a sign of continued strength in the U.S. labor market, employers added 528,000 jobs to the economy in July, as reported speak Bureau of Labor Statistics (BLS) in his last non-agricultural payroll report. Payroll growth more than doubled analysts’ expectations of 250,000. With last month’s gains, the labor market surpassed its previous high of…
Company Min. Credit score (conventional) Max. Debt to income ratio Min. Advance payment Closing days Prosperity Mortgage Best overall 600 50% 3.00% 30 Cherry Creek Mortgage Ideal for VA loans 620 50% 3.00% 30 better.com Best online option 620 50% Not disclosed 32 SWBC Ideal for quick closing 600 50% 3.00% 21 Guide to choosing…
What is Free Credit? Free credit is the practice of making it easier to get credit, either by relaxing lending standards or lowering interest rates for borrowing. Loose credit often refers to the policies of a country’s central bank, whether it seeks to increase the money supply through the banking system (loose credit) or to…
The founder of decentralized finance (DeFi) protocol Synthetix, Kain Warwick, has submitted a proposal that would turn off very high yield returns for SNX stakers and cap the total Synthetix (SNX) supply at 300 million. The Synthetix protocol allows traders to issue synthetic versions of crypto native assets, traditional financial assets, and commodities on the Ethereum…