We didn’t think we’d see the day. Digital mortgage lender Better.com’s proposal to combine with Aurora Acquisition Corp. via a SPAC (special purpose acquisition) has been approved by shareholders, the company confirmed today. According to a Securities and Exchange Commission (SEC) filing, Better.com will combine with Aurora, or go public, “on...
An Alibaba Group sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023.Aly Song | ReutersCheck out the companies making headlines in midday trading.News Corp — The media company's shares jumped nearly 7% after reporting an earnings beat in the fiscal fourth quarter. News Corp...
Jeff Rosenberger is about as close to a “lifer” as one can get in the relatively new financial technology industry. Growing up just north of San Francisco in Marin County, Rosenberger was exposed to financial products at an early age by his father, a executive with FICO, and mother, a...
The Securities and Exchange Commission has not yet come to a decision on whether to approve the ARK 21Shares bitcoin ETF application, delivering another delay for the long-awaited product. The issuer had originally filed in April, and regulators had until Aug. 13 to say whether they would approve, reject or...
A measure of wholesale prices rose more than expected in July, countering recent trends showing that inflation pressures are easing.The producer price index, which gauges the costs that goods and services producers receive for their products as opposed to those that consumers pay, rose 0.3% for the month, the...
Djelics | E+ | Getty ImagesIncome-hungry investors have long flocked to mortgage-backed real estate investment trusts — and why not? Many of them pay a handsome, double-digit dividend. But such vehicles haven't done so well lately.That's because when interest rates rise and yields balloon, their valuations tend to suffer,...
Jim O'Neill, former chief economist Goldman Sachs Group, in Italy in 2019.Alessia Pierdomenico | Bloomberg via Getty ImagesVeteran economist Jim O'Neill says central banks will need to keep interest rates up around 5% across major economies for longer than the market expects, even as inflation subsides.The U.S. Federal Reserve...
There are more than 275 million cars on the road in the U.S.But in recent years, car ownership has gotten more expensive than ever — due to the Covid-19 pandemic, supply chain issues, stubborn inflation and the Federal Reserve's interest rate hikes."Outside of purchasing your first home, a new...
Retail investors are expected to join institutions in a growing investment market which provides funding for legal disputes. The global litigation funding investment market is estimated at around $16 billion in 2022, but forecast to grow by 9% for 2023-2028, becoming a $24 billion market in five years’ time as...
Global equities were positive in the second quarter of 2023, providing a median return of 2.3% for institutional investors. The stats are based on an analysis of more than 400 U.S. institutional asset owners in the Northern Trust All Funds Over $100 million plan universe, a group with more than...