Author: Davide E

SIOUX FALLS, South Dakota–(BUSINESS WIRE)–Pathward Financial, Inc. (the “Company”) (Nasdaq: CASH) today announced that its wholly owned subsidiary, Pathward®, NA (“Pathward”), a leading financial empowerment company with a purpose to advance financial inclusion, has entered into a definitive agreement to sell its commercial premium finance business to AFS IBEX Financial Services, LLC (“AFS”), a Delaware limited liability company and subsidiary of Honor Capital Holdings, LLC (“Honor”), a Delaware limited liability company. Honor, through its subsidiaries, originates and services premium finance loans and is one of the largest independently owned premium finance firms in the nation with offices in Massachusetts, New…

Goldman Sachs expects another big quarter as demand for AI remains strong. A cyclist rides past a sign outside an Nvidia office building in Santa Clara, California, on Wednesday, May 31, 2023. (AP Photo/Jeff Chiu) Jeff Chiu/AP Photo Analysts led by Goldman Sachs analyst Toshiya Hari expect Nvidia’s revenue and earnings per share to beat expectations as the company’s fundamentals support further upside.Goldman said the company’s strength comes from its data center revenue and strong operating leverage, while the bank noted that Nvidia’s hardware remains in demand among the big cloud computing companies and that the company maintains a competitive…

The South Florida Sun-Sentinel published an op-ed by Zach Maggin, an NFIB member and owner of Tropic Machine Products in Fort Lauderdale, who wrote about the importance of the small business deduction to his company and what could go wrong if Congress doesn’t make it permanent. Read the excerpt below: This election couldn’t mean more to my small business. As the owner and operator of a small manufacturing plant in Fort Lauderdale, I am looking at the possibility of devastating tax increases depending on who wins. If pro-tax politicians are elected, it will hurt my team’s ability to compete with…

SAN ANTONIO – Starting a business is hard no matter the size, but especially when you have little capital. Entrepreneur Cristina Olivarez shared some tips on what small business owners with limited resources can do to gain customers and raise capital.Ivan Herrera (MSB), KSAT Digital Journalist: Christina, you’ve mentored many entrepreneurs, some of whom are still in the early stages of success. What do you think is the most important first step in starting a business?Entrepreneur Cristina Olivares: “The first step is to have a really good evaluation plan. Understand your mission, your vision, and the ‘why’ behind your business.…

Jorg Gruell/Getty ImagesFor years, even decades, information technology has focused on becoming software-defined, with smarter, faster capabilities through more flexible and adaptable architectures, advanced analytics, and artificial intelligence. Yet businesses don’t seem to be seeing any improvement. Instead, they’re becoming increasingly anxious about the state of their IT capabilities.According to a survey of 2,500 business and technology executives released by IBM’s Institute for Business Value, top business leaders have about half the confidence in the effectiveness of basic IT services as they did 10 years ago. AI is supposed to improve the situation, but generative AI is making executives even…

Eric Frazier enlisted after graduating from high school in 2003 and served in the Army for 19 years, including two tours in Iraq and two tours in Afghanistan. He plans to retire in 2023 and pursue a lifelong dream of building and operating an ice rink in central New Jersey. Matt Miller served in the Army for 20 years and was stationed in various locations, including three overseas deployments. He accepted medical retirement in 2023. Upon returning to civilian life, he still had a dream of turning his love of watches into a full-time business. To achieve that dream, he…

Home prices hit another record high this summer.Meanwhile, the 20-city composite index rose 6.5% year-on-year in June, but fell short of the 6.9% increase in May.New York led the group with prices increasing 9% year-over-year for the month, followed by San Diego and Las Vegas, which recorded price increases of 8.7% and 8.5%, respectively.Rising mortgage rates also offset the month’s home price gains, with the 30-year fixed rate hovering near 7% in June. Home prices typically fall when borrowing costs rise, but a lack of supply is economically locking out homebuyers.Home sales slumped over the summer as prices reached uncomfortable…

Buy now, pay later (BNPL) company Sezzle and embedded finance platform Liberis have partnered to help US small businesses raise capital. According to a press release on Wednesday (August 28), the partnership revolves around Sezzle Capital and aims to help small and medium-sized businesses (SMBs) access funding without sacrificing their own capital. The program aims to provide “flexible financing” to small businesses in the U.S. and will eventually launch in Canada. Sezzle Capital will help these businesses access capital for a variety of business purposes at a time when most small businesses are anxious about financing. “As we expand across…

Warren Buffett’s conglomerate is on the verge of surpassing $1 trillion in market capitalization for the first time, putting the spotlight on the investor’s nearly six decades of astounding success.Berkshire Hathaway’s Class B shares have risen 29% this year, far outpacing the 18% gain in the S&P 500. The company’s market capitalization hit a record $993 billion as of Tuesday’s close, and it needs to rise just 0.8% to reach the $1 trillion mark.It’s an astonishing feat, considering that Berkshire had two textile mills and about 2,300 employees when Buffett first took control in early 1965. Berkshire’s after-tax profits in…

Ariel Investments, an investment management company, has released its Investor Letter for the second quarter of 2024 for the “Ariel Global Fund”. A copy of the letter can be downloaded here. In the second quarter, the Ariel Global Fund fell -3.12%, underperforming its primary benchmark, the MSCI ACWI Index, which returned +2.87%, and its secondary benchmark, the MSCI ACWI Value Index, which returned -0.59%. Ariel takes a non-consensus approach to identify undervalued and unpopular franchises that are misunderstood and mispriced. Additionally, to learn about the best picks for 2024, check out the fund’s top five holdings.Ariel Global Fund featured stocks…