Finance
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What automated mortgage underwriting is, how it works, and why lenders use approval systems
Expediting the mortgage loan application and approval process for future homeowners is top of mind for both incumbents and startups. Automated mortgage...
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Cannabis stocks have been on a tear this year. From Aurora to MedMen, see the risk that 13 major cannabis companies go bankrupt.
Data from CreditRiskMonitor shows the risk of bankruptcy for major cannabis companies. The system evaluates each company using financial metrics and other...
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What to know about the NFT craze — and all the regulatory risks of the red-hot new market
Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today: A deep dive into the...
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How a former Facebook staffer became an overnight success on TikTok by posting Gen-Z career advice videos
Job coach Alex Shoen has built a following of 92,500 since she began posting on TikTok in January. She is part of...
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Saudi Aramco loses title of world’s most profitable company to Apple as 2020 profits sink to $49 billion
Saudi Aramco reported a 44% decline in net income for 2020 to $49 billion as the COVID-19 pandemic weighed on results. The...
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Canadian Pacific to acquire Kansas City Southern in $25 billion railroad merger that spans across the entire North American continent
Canadian Pacific Railway has agreed to acquire Kansas City Southern for $25 billion. The merger will create the first-ever rail network that...
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The SPAC bubble is going to pop — and it’s going to be embarrassing
The use of blank check companies, or SPACs, to take companies public has surged. The sudden fad has investors asking: what happens...
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AT&T and Cigna are funding Republican groups led by election objectors they had promised to stop supporting
AT&T and Cigna have resumed funding GOP election objectors, Popular Information reported Friday. Some companies paused PAC contributions after GOP efforts to...
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Coinbase has become a ‘breeding ground’ for startup founders, with the company’s help and sometimes money, former employees say
The Coinbase “mafia” is growing as employees leave to spin up their own startups. Former employees say Coinbase is a “breeding ground”...
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The IRS commissioner told lawmakers that child tax credit payments may not be issued monthly — and may not start in July
The $3,000 child tax credit payments approved in the pandemic relief bill may not be sent monthly. The payments, which were meant...