Loan Online – Stratiawire http://stratiawire.com/ Just another WordPress site Tue, 21 Sep 2021 21:04:01 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://stratiawire.com/wp-content/uploads/2021/07/icon-1-150x150.png Loan Online – Stratiawire http://stratiawire.com/ 32 32 Subway does a victory lap http://stratiawire.com/subway-does-a-victory-lap/ http://stratiawire.com/subway-does-a-victory-lap/#respond Tue, 21 Sep 2021 20:41:09 +0000 http://stratiawire.com/subway-does-a-victory-lap/ Subway same-store sales increased 4% from 2019 in August and recorded the best unit volumes in nine years./Photo: Shutterstock Subway’s “Eat Fresh Refresh” has apparently boosted the brand’s sales. The sandwich giant said on Tuesday that its same-store sales in the United States were up more than 4% in August from 2019. The company also […]]]>

Subway same-store sales increased 4% from 2019 in August and recorded the best unit volumes in nine years./Photo: Shutterstock

Subway’s “Eat Fresh Refresh” has apparently boosted the brand’s sales.

The sandwich giant said on Tuesday that its same-store sales in the United States were up more than 4% in August from 2019. The company also said its average unit volumes for the month were the highest in eight years, a result the company attributed to its rebranding and “Eat Fresh Refresh” ad campaign starring stars like Steph Curry, Serena Williams and Tom Brady.

Overall, the 4% increase in same store sales in August was below the industry average for the month. Comparable store sales increased 6.1% in August from 2019, according to Black Box Intelligence. Total industry sales were 10% higher than in 2019, according to federal data. Many restaurant chains have experienced surprising sales growth this year.

Most of Subway’s restaurants experienced strong sales growth. The company said the first 16,000 of its 21,000 locations in the United States generated an average increase in same-store sales last month of 14%.

This implies that the bottom quarter saw an average decline of 26% last month. Sources said Catering company the chain’s biggest challenges have been in malls, travel centers, airports and Walmarts, all of which have been hit hard by consumers who shop, travel and work outside the home less often. House.

It also reflects the restaurant industry at large, where pockets of locations struggle with low traffic even as other locations, particularly those with drive-thru and other access points. easy, flourished.

Still, the results suggest the company is generating some momentum for the first time in years. The sandwich giant has closed 3,000 locations in the past three years alone, a period that has seen the company lose some $ 2.1 billion in systems sales. It has also resulted in a dramatic decline in the share of franchisees, many of whom fear losing their stores.

Even before the pandemic hit sales in 2020, average unit volumes were still low by $ 420,000, according to Catering company sister company Technomic.

The company has made massive changes over the past two years in an effort to return to sales growth, including the hiring of CEO John Chidsey, an overhaul of its management team and the addition of a pending second head office, this one in Miami.

The chain launched one of the biggest menu revisions in the company’s history in July, including changes to its bread and ingredients and the addition of new sandwiches. He used a series of commercials featuring sports stars to highlight the changes.

The ads seem to have worked: Subway said 83% of its 66,000 customers surveyed said they were fans of the menu upgrades.

The company has also rolled out nationwide drop shipping, an initiative marked by the sponsorship of the company of NASCAR driver Kevin Harvick.

Subway did not provide an interview for this story. But the company says August’s results put it ahead of its sales plan and noted that the system’s top 5,000 restaurants saw a 33% average increase in same-store sales for the month.

“The journey to build a better metro has begun and the changes are having a positive impact on restaurant sales,” Chidsey said in a statement.


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Evergrande gave workers a choice: lend us money or lose your bonus http://stratiawire.com/evergrande-gave-workers-a-choice-lend-us-money-or-lose-your-bonus/ http://stratiawire.com/evergrande-gave-workers-a-choice-lend-us-money-or-lose-your-bonus/#respond Tue, 21 Sep 2021 12:15:20 +0000 http://stratiawire.com/evergrande-gave-workers-a-choice-lend-us-money-or-lose-your-bonus/ When struggling Chinese real estate giant Evergrande ran out of cash earlier this year, it turned to its own employees with a strong case: Those who wanted to keep their bonuses should give Evergrande a short loan. term. Some workers have asked friends and family for money to lend to the company. Others borrowed from […]]]>

When struggling Chinese real estate giant Evergrande ran out of cash earlier this year, it turned to its own employees with a strong case: Those who wanted to keep their bonuses should give Evergrande a short loan. term.

Some workers have asked friends and family for money to lend to the company. Others borrowed from the bank. Then, this month, Evergrande suddenly stopped repaying the loans, which had been billed as high-interest investments.

Now, hundreds of employees have joined panicked homebuyers to demand reimbursement from Evergrande, rallying outside the company’s offices across China to protest last week.

Once China’s most prolific real estate developer, Evergrande has grown into the country’s most indebted company. It owes money to lenders, suppliers and foreign investors. He owes unfinished apartments to homebuyers and has racked up over $ 300 billion in unpaid bills. Evergrande faces lawsuits from creditors and has seen its shares lose more than 80% of their value this year.

Regulators fear that the collapse of a company the size of Evergrande will cause upheavals throughout China’s financial system. Yet, so far, Beijing has not intervened with a bailout, having promised to teach the indebted corporate giants a lesson.

Angry protests by homebuyers – and now the company’s own employees – could change that calculation.

Evergrande is at the mercy of buyers of nearly 1.6 million apartments, according to one estimate, and could owe tens of thousands of its employees money. While Beijing remains relatively silent on the future of the company, those who owe money say they are getting impatient.

“We’re running out of time,” said Jin Cheng, a 28-year-old employee from the eastern city of Hefei, who said he invested $ 62,000 of his own money in Evergrande Wealth, the investment arm of the company, on demand. senior management.

As rumors circulated on the Chinese internet that Evergrande could go bankrupt this month, Mr. Jin and some of his colleagues gathered outside provincial government offices to pressure authorities to intervene.

In the southern city of Shenzhen, homebuyers and workers crowded into the lobby of Evergrande’s headquarters last week and shouted for their money back. “Evergrande, give back my money that I earned with blood and sweat!” some could be heard screaming in video footage.

Mr. Jin said employees at Fangchebao, Evergrande’s online platform for real estate and auto sales, have been told that each department should invest in Evergrande Wealth on a monthly basis.

Evergrande did not respond to a request for comment, but the company recently warned it was under “enormous” financial pressure and said it had hired restructuring experts to help determine its future.

It hasn’t always been that way.

For more than two decades, Evergrande has been China’s largest developer, making money out of a real estate boom on a scale the world has never seen. With each success, Evergrande has expanded into new areas: bottled water, professional sports, electric vehicles.

Banks and investors cheerfully invested the money, betting on China’s growing middle class and its appetite for homes and other properties. More recently, real estate has come under intense scrutiny from Chinese regulators who want to end the boom years and have forced the industry to start paying down debt.

The idea was to reduce the exposure of Chinese banks to the real estate sector. But in the process, regulators withdrew the money developers like Evergrande needed to finish building homes, leaving families without the homes they had already paid for.

“The Chinese financial system is really complex and when you see cracks like this you realize the impact it could possibly have on society,” said Jennifer James, investment manager at Janus Henderson Investors. “If Evergrande were to disappear tomorrow, it could be a socially systemic problem. “

Ms James and other investors said they only heard about Evergrande’s wealth management strategy involving its employees this month, when the company revealed it owed $ 145 million in funds. refunds.

Evergrande has attempted to sell parts of his vast empire to raise new funds, but said last week he was “not sure the group would be able to close such a sale”. He accused the media of triggering panic among homebuyers with negative coverage.

But Evergrande’s funding channels started to dry up long before last week. According to employee interviews, state media reports and corporate documents seen by The New York Times, the company began forcing staff members to help bail it out as early as April, when she started selling short term loans.

About 70 to 80 percent of Evergrande employees across China were asked to donate money that would then be used to help fund Evergrande’s operations, Liu Yunting, consultant for Evergrande Wealth, recently told Anhui. Online Broadcasting Corporation, a public news group.

A version of this interview went offline on Friday. Anhui Online Broadcasting did not respond to a request for comment.

The scope of the campaign and the amount of money it could have raised was unclear. Employees were told to each invest a certain amount of money in Evergrande Wealth products, and if they didn’t, their performance pay and bonuses would be suspended, the employees told Anhui.

Company management said the investments were part of “supply chain finance” and would allow Evergrande to make payments to its suppliers, Liu said in his interview with Anhui. “Because we, the employees, had to fill a quota, we asked our friends and families to put in some money,” he said.

Mr. Liu said his parents and in-laws invested $ 200,000 and that he invested around $ 75,000 of his own money in Evergrande Wealth.

Even before the protests last week, Evergrande was on the wrong side of Beijing. At the end of last month, its executives were called to a meeting with regulators. Officials from major banking and insurance supervisors in China have called on the rulers to pay off their huge debt in order to keep the Chinese financial market stable.

The authorities’ biggest concern is the unfinished apartments at Evergrande. The company has nearly 800 developments underway in more than 200 cities across China.

Evergrande, which has often pre-sold apartments to raise funds before their completion, may still have to deliver up to 1.6 million properties to homebuyers, according to a Barclays estimate.

Under close scrutiny, Evergrande convened its top executives earlier this month and asked them to publicly sign what he called a “military order” – a pledge to complete unfinished real estate developments.

Wesley Zhang and his family are among the hundreds of thousands of families still waiting for their apartments, and they are hopeful that the company will be able to deliver. Mr. Zhang, 33, joined other homebuyers who protested in Hefei last week after learning that Evergrande also owed its employees money.

“Everyone is anxious, we are like ants on a hot pan, not knowing what to do,” Zhang said, using a Chinese expression to describe the distress of seeing a $ 124,000 investment potentially go missing. He said he hoped the protests would spur the government to act before it was too late.

“We hope this will prompt the central government to pay enough attention,” Zhang said. “Then someone would come out to intervene. “


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True or false: setting the record straight on SBA loans and FEMA assistance http://stratiawire.com/true-or-false-setting-the-record-straight-on-sba-loans-and-fema-assistance/ http://stratiawire.com/true-or-false-setting-the-record-straight-on-sba-loans-and-fema-assistance/#respond Mon, 20 Sep 2021 23:40:54 +0000 http://stratiawire.com/true-or-false-setting-the-record-straight-on-sba-loans-and-fema-assistance/ The U.S. Small Business Administration (SBA) loan application offers many benefits to Hurricane Ida survivors who seek FEMA disaster assistance. True or false: I can be referred to SBA after applying to FEMA. True: After applying for FEMA disaster assistance, you may be contacted by the SBA. If you are prompted to apply for a […]]]>

The U.S. Small Business Administration (SBA) loan application offers many benefits to Hurricane Ida survivors who seek FEMA disaster assistance.

True or false: I can be referred to SBA after applying to FEMA.

True: After applying for FEMA disaster assistance, you may be contacted by the SBA. If you are prompted to apply for a low interest SBA loan, we encourage you to do so. Applying to the SBA ensures that all options for disaster assistance remain open to you.

True or false: The SBA application can be the basis for referrals to other grant programs.

True: Filing the application allows you to be considered for additional grants. If you apply for a low interest SBA disaster loan and are not eligible, this may open the door to additional FEMA assistance. If the SBA denies the loan application, you may be eligible for an additional grant from FEMA to replace essential household items; replace or repair a damaged vehicle; cover storage costs or meet other disaster-related needs.

True or false: I must accept an SBA loan if I am approved.

False: If the SBA determines that you qualify for a loan, you are not required to accept it. However, if you qualify for an SBA loan and choose not to accept it, additional resources may not be available to you for disaster recovery.

True or false: I have to choose between a FEMA Individual Assistance grant or an SBA loan.

False: Being eligible for an SBA loan does not mean that you are suddenly ineligible for FEMA assistance. There are several important reasons for completing and submitting an SBA application, even if you think you don’t currently need a loan. For example, you may find that you were underinsured for the amount of work required to repair or replace your home. A low interest SBA disaster loan can bridge the gap between your recovery costs and the settlement amount.

True or false: SBA loans are only for businesses.

False: The SBA offers homeowner loans up to $ 200,000 to repair or replace your primary residence. The loans are tailored to your personal financial situation. On a case-by-case basis, the SBA may be able to help you refinance your current mortgage (s).

SBA can help tenants and landlords replace household contents (eg, clothing, furniture, and appliances) and vehicles, called personal property. Homeowners and tenants are entitled to up to $ 40,000 to repair or replace damaged or destroyed personal property.

True or false: SBA loans are available to businesses and nonprofits of any size.

True: Businesses of all sizes and private non-profit organizations can borrow up to $ 2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other commercial assets. The SBA can also lend additional funds to businesses and homeowners to help cover the cost of improvements to protect, prevent, or minimize the same type of damage from a disaster in the future.

For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private non-profit organizations of any size, SBA offers economic disaster loans to help meet the fund’s needs of turnover caused by the disaster. Economic Injury Assistance is available to businesses regardless of any material damage.

True or false: There is a deadline for applying for a low interest SBA loan.

True: The deadline for filing property damage claims is October 28, 2021. The deadline for returning economic damages claims is May 31, 2022.

The SBA has set up a virtual disaster loan assistance center that is open Monday through Friday, 7:00 am to 7:00 pm. Survivors can contact an SBA customer service representative by e-mail. mail to FOCWAssistance@sba.gov or by phone at 800-659-2955. Survivors can apply online at https://disasterloanassistance.sba.gov.

For the latest information, visit fema.gov/disaster/4611. Follow the FEMA Region 6 Twitter account on twitter.com/FEMARegion6 or on Facebook at facebook.com/FEMARegion6/.



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Flippa Raises $ 11 Million to Match Buyers and Sellers of Online Assets and Businesses – TechCrunch http://stratiawire.com/flippa-raises-11-million-to-match-buyers-and-sellers-of-online-assets-and-businesses-techcrunch/ http://stratiawire.com/flippa-raises-11-million-to-match-buyers-and-sellers-of-online-assets-and-businesses-techcrunch/#respond Mon, 20 Sep 2021 12:01:24 +0000 http://stratiawire.com/flippa-raises-11-million-to-match-buyers-and-sellers-of-online-assets-and-businesses-techcrunch/ Flippa, an online marketplace for buying and selling online businesses and digital assets, has announced its first venture capital funding round, an $ 11 million Series A, as it records over 600 000 monthly searches from investors looking to connect with business owners. OneVentures led the round and was joined by existing investors Andrew Walsh […]]]>

Flippa, an online marketplace for buying and selling online businesses and digital assets, has announced its first venture capital funding round, an $ 11 million Series A, as it records over 600 000 monthly searches from investors looking to connect with business owners.

OneVentures led the round and was joined by existing investors Andrew Walsh (former CEO of Hitwise), Flippa co-founders Mark Harbottle and Matt Mickiewicz, 99designs, as well as the new founding investors of Catch.com at Gabby and Hezi Leibovich; the founders of RetailMeNot.com, Guy King and Bevan Clarke; and the founders of Reactive Media, Tim O’Neill and Tim Fouhy.

The company, with bases in Austin and Australia, was established in 2009 and facilitates the exits of millions of online business owners, some of whom operate in e-commerce, blogging, SaaS and app marketplaces, With the latest data integration being for Shopify, Blake Hutchison, CEO of Flippa, told TechCrunch.

He sees Flippa as “the investment bank for the 99%” of small businesses, providing an end-to-end platform that includes a proprietary valuation product for businesses – processing over 4,000 valuations each month – and a matching algorithm to connect with qualified people. buyers.

Business owners can sell their business directly through the platform and have the option of using a broker or business advisor. The company also offers due diligence and acquisition financing from Yardline Capital, owned by Thrasio, and a new service called Flippa Legal.

“Our strategy is verification at the source, which is the data,” Hutchison said. “Users can currently log into Stripe, QuickBooks Online, WooCommerce, Google Analytics, and Admob for Apps, which means they can showcase their online business performance with just one click, and shoppers can transparently review financial and operational performance. “

Online retailing, as a percentage of total retail sales, grew to 19.6% in 2020 from 15.8% in 2019, mainly due to the global pandemic as sales shifted online while physical stores were closing.

Meanwhile, Amazon has 6 million sellers, and Shopify sellers run over a million businesses. This has led to the emergence of e-commerce aggregators, backed by venture capital funds, which pick up successful businesses to expand, finding many in Flippa’s market, Hutchison said.

Flippa has over 3 million registered users and has added 300,000 new registered users in the last 12 months. The overall volume of transactions increases by 100% year on year. Although inception for over a decade, the growth and opportunities of the company prompted Hutchison to seek venture capital funds.

“There is a huge movement for this to be recognized as an asset class,” he said. “At the moment, the asset class is undervalued and is generating a massive swarm as investors take over and consolidate companies. We see the future of these aggregators becoming “Company X for Applications” or “X for Blogs”. “

As such, the new funding will be used to double the company’s headcount to more than 100 as it builds its offices around the world, as well as to establish outposts in Melbourne, San Francisco and Austin. The company will also invest in marketing and product development to evolve its business valuation tool which Hutchison compares to “Zillow Zestimate”, but for online businesses.

Nigel Dews, Operating Partner at OneVentures, has been following Flippa since its inception. His firm is one of Australia’s oldest venture capital firms and has 30 companies in its portfolio focused on healthcare and technology.

He believes the company will create significant change for small businesses. The team combined with Flippa’s ability to connect buyers and sellers places the company in a strong leadership position to take advantage of the market effect.

“Flippa is an incredible opportunity for us,” he added. “You don’t often get a top business in a whole new category with incredible tailwinds. We also liked that the company is based in Australia, but half of its revenue comes from the United States.


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Shane Smith called as witness in Bart Reagor bank fraud trial http://stratiawire.com/shane-smith-called-as-witness-in-bart-reagor-bank-fraud-trial/ http://stratiawire.com/shane-smith-called-as-witness-in-bart-reagor-bank-fraud-trial/#respond Sun, 19 Sep 2021 19:06:38 +0000 http://stratiawire.com/shane-smith-called-as-witness-in-bart-reagor-bank-fraud-trial/ Two former employees awaiting conviction for their role in a million dollar fraud scheme that led to the collapse of Reagor Dykes Auto Group are expected to testify against the dealership CEO in his bank fraud trial in October . Shane Smith, the former chief financial officer of RDAG, and Steven Reinhart, the former chief […]]]>

Two former employees awaiting conviction for their role in a million dollar fraud scheme that led to the collapse of Reagor Dykes Auto Group are expected to testify against the dealership CEO in his bank fraud trial in October .

Shane Smith, the former chief financial officer of RDAG, and Steven Reinhart, the former chief legal and compliance officer of RDAG, are listed as potential witnesses in Bart Reagor’s trial on October 12 in federal court in Amarillo.

Reagor is accused of embezzling over $ 1.7 million from a $ 10 million loan from the International Bank of Commerce to his personal bank accounts for personal expenses.

IBC distributed the loan in two installments of $ 5 million in 2017 and 2018 to D and R Acquisitions, LLC, an informal holding company associated with RDAG.

The indictment alleges that as of July 2017, Reagor deposited over $ 766,000 from the IBC loan into his personal account at Prosperity Bank. And in February 2018, he reportedly deposited $ 1 million from the loan into his personal bank accounts.

The dealership filed for bankruptcy in 2018, after Ford Motor Credit filed a lawsuit against RDAG, accusing the dealership of fraud.

Smith and Reinhart were among 15 RDAG employees who pleaded guilty in federal court for their role in the Ford Motor Credit scheme after a criminal investigation.

Smith pleaded guilty in June 2019 to one count of conspiracy to commit wire fraud for his role in orchestrating a check simulation and floor simulation scheme designed to deceive Ford Motor Credit with millions of dollars.

Reinhart pleaded guilty in February to one count of prison abuse.

Both are on bail and are scheduled to appear before Judge Matthew J. Kacsmaryk on Dec. 21 for sentencing, court records show.

Meanwhile, in April, a federal grand jury issued an indictment against Bart Reagor, charging him with two counts of bank fraud and one count of misrepresenting a bank.

Reinhart is expected to speak about his testimony about the working capital loan that IBC provided to D and R Acquisitions, as well as his review and understanding of the purpose of the loan.

Court documents indicate that Reinhart will testify that he was unaware that Reagor had diverted the IBC loan to Reagor’s personal bank account.

Smith is expected to brief jurors on RDAG’s working capital requirement and the company’s low cash flow following a March 2017 floor plan audit. Jurors are expected to hear testimony from Smith on Reagor’s alleged instructions on how to distribute the working capital loan from the International Bank of Commerce.

In support of Smith’s testimony, prosecutors are expected to present files that include emails between Reagor, Smith and other RDAG employees and excerpts from internal meetings from January 31, 2018 and July 11, 2018, according to a list of exhibits. conviction filed by prosecutors.

One of the emails dated September 22, 2016 reads: “Fwd: overdraft accounts”.

Smith is also expected to testify about a June 2017 chain of emails between himself, Reagor and Rick Dykes.

On September 14, Reagor’s lawyer filed a motion to dismiss the indictment, claiming he made no mention of an offense, in particular that he did not allege “any series of acts or deceptive transactions that Mr. Reagor committed to “execute a scheme or device” to defraud IBC. “

According to the indictment, Reagor is accused of having misled IBC by not disclosing and hiding the fact that he intended to divert his business loan to his personal account.

“The loan agreement prohibited Reagor and others from diverting the loan proceeds to their personal bank accounts, and IBC would not have approved the loan if Reagor and others had disclosed to IBC that part of the loan proceeds would be diverted to Reagor and others’ personal bank accounts and used for personal expenses.

Reagor’s attorney wrote that the indictment did not state what Reagor is accused of failing to do about how he and his company were going to use these funds.

Instead, Reagor’s lawyers in their motion described the agreement between Reagor and IBC as a “potentially … flawed business deal.”

In response to the petition, federal prosecutors asked the judge to dismiss the dismissal, saying the indictment against Reagor was properly constructed and his lawyers misunderstood the definition of misrepresentation against the law. on bank fraud.

Prosecutors argued that an affirmative fraud statement was not necessary to charge someone with bank fraud.

“A scheme can be fraudulent even if no false affirmative statement of facts is made,” said a response from government prosecutors. “Deceptive concealment of material facts can also constitute actual fraud.”

Prosecutors further argue that the rest of Reagor’s attorney’s arguments are not supported by case law.

As of Friday, no ruling had been made on the motion.


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5 game-changing stocks that can turn $ 200,000 into $ 1 million (or more) in 10 years http://stratiawire.com/5-game-changing-stocks-that-can-turn-200000-into-1-million-or-more-in-10-years/ http://stratiawire.com/5-game-changing-stocks-that-can-turn-200000-into-1-million-or-more-in-10-years/#respond Sun, 19 Sep 2021 09:51:00 +0000 http://stratiawire.com/5-game-changing-stocks-that-can-turn-200000-into-1-million-or-more-in-10-years/ Although the stock market is completely unpredictable in the short term, history has shown time and time again that patience pays off in the long term. Despite 38 double-digit percentage corrections in the S&P 500 Over the past 71 years, the benchmark has finally hit new all-time highs every time. In addition to having the […]]]>

Although the stock market is completely unpredictable in the short term, history has shown time and time again that patience pays off in the long term. Despite 38 double-digit percentage corrections in the S&P 500 Over the past 71 years, the benchmark has finally hit new all-time highs every time.

In addition to having the conviction to hold your stocks for long periods of time, buying game-changing companies can help you significantly outperform the broader market. If you have $ 200,000 to invest and you won’t need to touch that money for bills or emergencies over the next decade, the five game-changing stocks have the potential to turn your initial investment into $ 1 million or more.

Image source: Getty Images.

Amazon

You might think of a quintuple in Amazon (NASDAQ: AMZN), one of the largest publicly traded stocks in the world, is out of the question for the next decade. But a quick glance at its industry dominance and growing operating cash flow suggests it could easily quintuple.

Most people know Amazon for its industry-leading online marketplace. This year, about $ 0.40 of every $ 1 spent online in the United States will go through Amazon. It is more than 33 percentage points more than the closest competitor, Walmart. Being the go-to for online shopping has helped Amazon woo 200 million Prime members worldwide. The annual fees these members pay support relatively slim retail margins and allow Amazon to continually lower prices from traditional retailers.

What is too often overlooked with Amazon is that it is also the leading provider of cloud infrastructure. Amazon Web Services (AWS) is approaching annual revenue of $ 60 billion, and Canalys has pegged AWS at 32% of the cloud infrastructure market in the first quarter of 2021.

Thanks to a number of faster growing, higher margin segments (AWS, subscription services, and advertising), Amazon is expected to see its operating cash flow more than double by the middle of the decade. That alone could put its stock price comfortably at $ 10,000, assuming investors keep paying the same cash flow multiple they have for a decade. A fivefold over 10 years is a reasonable expectation with Amazon.

Gloved hands typing on a keyboard in a dark room.

Image source: Getty Images.

Ping Identity

A game changer in cybersecurity Ping Identity (NYSE: PING) also has the potential to turn a good amount of money ($ 200,000) into $ 1 million or more over the next 10 years.

The logical catalyst here is that bots and hackers don’t take a day off just because the US economy or Wall Street is having a bad day. Protecting consumer and business data in the cloud has become a core service, which has opened the door for third-party providers like Ping Identity.

Ping, as the name suggests, primarily focuses on identity verification solutions. The company’s cloud-based intelligence platform leverages artificial intelligence to become smarter and more efficient at identifying and responding to potential threats over time. These cloud-based solutions are combined with on-premises security options to strengthen identity verification and provide constant monitoring of users accessing data.

What is particularly noteworthy about Ping is the rapid growth of the business through its Software as a Service (SaaS) subscription. While fixed-term license subscriptions have grown fairly steadily, SaaS subscriptions have a higher margin and are expected to significantly increase annual recurring revenue.

With a gross subscription margin of around 80% and one of the lowest price / sales multiples in the cybersecurity industry, Ping looks like a steal.

Person sitting on a sectional sofa in a furniture store.

Image source: Getty Images.

Lovesac

Furniture inventory is another item that could turn an investment of $ 200,000 into $ 1 million or more over the next decade. Lovesac (NASDAQ: LOVE).

Usually, “furniture stock” and “game changer” do not belong to the same sentence. But Lovesac is not a traditional furniture company. About 85% of its sales come from its “sactionals” – modular sofas that can be rearranged in different ways to fit any living space.

There are around 200 different cover choices for sactionals, which means they will match any color scheme or theme in a home. Finally, the yarn used to make these covers is made entirely from recycled plastic water bottles. Lovesac, whose main customer is millennials, offers functionality, choice and environmentally friendly products.

Something else that Lovesac brings to the table is an incredible omnichannel presence. As traditional furniture retailers live and die from physical foot traffic, Lovesac has managed to shift a significant portion of its sales online during the pandemic. It also has pop-up showrooms and a handful of offerings in place to deliver its products to existing showrooms.

This versatility clearly works. The company’s approach minimized overhead and helped it achieve recurring profitability two years ahead of Wall Street expectations. Investors would do well not to sleep on Lovesac to move forward.

A group of people interacting with laptops and tablets during a meeting in a conference room.

Image source: Getty Images.

PubMatic

Remaining in small-cap stocks, the ad technology company PubMatic (NASDAQ: PUBM) has all the tools necessary to quintuple an initial investment of $ 200,000 in 10 years.

PubMatic is what is called a programmatic sell-side advertising platform. In English, this simply means that it helps publishers optimize the sale of their display space to advertisers using machine learning algorithms. Interestingly, PubMatic’s cloud-based infrastructure doesn’t place the most expensive ad in a publisher’s display space by default. Rather, it aims to tailor the experience to users, which satisfies advertisers and places the pricing power in the publisher court of PubMatic.

The trail for the growth of programmatic digital advertising is long. The ad technology industry is expected to show annualized growth of 10% through 2025. However, PubMatic has doubled the industry’s growth rate. It has grown particularly rapidly thanks to connected TV and excessive programmatic ad spending.

Further proof of PubMatic’s growing favor in the ad space can be seen in its 150% dollar retention rate in the second quarter. This tells us that the company’s publishers in Q2 2020 spent 50% more in the most recent quarter. This small-cap growth action seems to be taking its first steps in the digital advertising space.

A person inserting a credit card into a Square point of sale card reader.

Image source: Square.

Square

Finally, don’t be surprised if the fintech superstar Square (NYSE: SQ) quintuple investor money in 10 years.

Square’s bread and butter has long been its ecosystem of sellers. This is the operational segment that provides point-of-sale devices, analytics, and loans to help merchants be successful. In the seven years leading up to the pandemic, the gross payment volume (GPV) flowing through the seller ecosystem grew 49% per year to reach $ 106 billion in 2019. Better yet, it’s about a fee-driven segment, the fact that a greater percentage of GPV comes from large traders should lead to a higher gross margin.

The most exciting long-term growth engine for Square is the peer-to-peer digital payments platform Cash App, which has seen its monthly active user count more than fivefold to 36 million in three years. until December 31, 2020. Cash App offers more channels to generate income, including merchant purchases, transfer fees and investments.

To tie it all together, Square recently announced it will buy buy now, pay later the giant After payment. This deal will help Square create a closed ecosystem that will allow merchants to accept Cash App payments.

Square could well be the first fintech stock to own in the next decade.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


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West Ham vs Manchester United, how and where to watch – schedules, TV, online http://stratiawire.com/west-ham-vs-manchester-united-how-and-where-to-watch-schedules-tv-online/ http://stratiawire.com/west-ham-vs-manchester-united-how-and-where-to-watch-schedules-tv-online/#respond Sat, 18 Sep 2021 17:01:54 +0000 http://stratiawire.com/west-ham-vs-manchester-united-how-and-where-to-watch-schedules-tv-online/ Only a handful of Premier League teams can boast an unbeaten record at this early stage of the 2020-21 season campaign with West Ham and Manchester United belonging to this select group. Europa League – Group H – Dinamo Zagreb v West Ham UnitedSoccer Football – Europa League – Group H – Dinamo Zagreb v […]]]>

Only a handful of Premier League teams can boast an unbeaten record at this early stage of the 2020-21 season campaign with West Ham and Manchester United belonging to this select group.

Europa League – Group H – Dinamo Zagreb v West Ham UnitedSoccer Football – Europa League – Group H – Dinamo Zagreb v West Ham United – Stadion Maksimir, Zagreb, Croatia – September 16, 2021 Declan Rice of West Ham United celebrates his second goal REUTERS / Antonio Bronic

Man United enter the contest at Olympic Stadium following a surprise Champions League defeat in Bern with the London team enjoying a better result after their trip to the Croatian capital where they secured a valuable 0-2 away victory in Zagreb against Dynamo in their Europa League game.

United financial results

Off the field, Manchester United Plc reported a larger annual loss earlier this week after a season marred by pandemic-induced lockdowns and empty stadiums that hit games sales and commercial income.The club said its net loss for the fiscal year ended June 30 was 92.2million pounds ($ 127.2million), compared with a loss of £ 23.2million in the period of a year ago as the onset of covid-19 in 2020 disrupted all walks of life around the world.

Game statistics

Before the shock of Sunday, the Hammers have won two of their last six Premier League games against United (D1 L3).

Man United have won their last two Premier League encounters with West Ham, last consecutive victory against the East London club in September 2014.

FOOTBALL – CHAMPIONS LEAGUE – YOUNG BOYS BERNE v MANCHESTER UNITEDPaul Pogba of Manchester United during the Champions League, group stage, Group F soccer match between Young Boys Bern and Manchester United on September 14, 2021 at Stade de Suisse in Bern , Switzerland – Photo Laurent Lairys / DPP

United’s Paul Pogba has seven assists in four Premier League games this season, more than in his two previous seasons combined (six).

Lingard speaks

England midfielder Jesse Lingard did not return to West Ham United after his loan because Manchester United boss Ole Gunnar Solskjaer had no plans to sell him, manager David Moyes has said.

Lingard thrived last season on loan at West Ham, scoring nine goals in 16 appearances. The 28-year-old has been linked with a return to the East London club this season on a permanent contract.

Ole made it clear to me at the start of the transfer window that he wanted to keep him (Lingard), ”Moyes said on Friday. “So I knew early on that he would stay at Manchester United.

“I could hear everything, but I had a private conversation with Ole who made it clear he was staying.”

Manchester United’s English midfielder Jesse Lingard celebrates after scoring his fourth goal in the English Premier League soccer match between Manchester United and Newcastle at Old Trafford in Manchester, north west England, September 11, 2021. –

Solskjaer has said he hopes Lingard, who has a year’s contract with United left, will stay at Old Trafford.

What time does West Ham kick off against Man United?

The 2020/21 Premier League match between West Ham and Man United kicks off at the London Olympic Stadium in 4:00 p.m. (CEST).

United States ET: 10:00 a.m.

PT USA: 7:00 a.m.

UK: 3 p.m.

For anywhere else in the world, you can check here to see what time the Premier League clash begins.

Where can I watch West Ham-Man United?

If the West Ham-Man Utd match is available in your country, you can check here to see which channels or platforms will be showing the match.

United States: ESPN +

UK: Sky Sports

Spain: DAZN

Badge / Flag M. United

Is West Ham-Man United game available online?

The East London Shock is available in most countries through the rights holders online platform, if they have one. The best option is to check who is streaming the game in your country and if they have an online service or an iOS / Android app to watch it.

West Ham-Man United live on AS English

You can also follow our live text commentary here on AS English. We’ll get the game ready about an hour after kick-off before giving you a minute-by-minute report from Stratford as the action unfolds.


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“Fintech” industry: is it there to help you or to eat you alive? http://stratiawire.com/fintech-industry-is-it-there-to-help-you-or-to-eat-you-alive/ http://stratiawire.com/fintech-industry-is-it-there-to-help-you-or-to-eat-you-alive/#respond Sat, 18 Sep 2021 00:31:29 +0000 http://stratiawire.com/fintech-industry-is-it-there-to-help-you-or-to-eat-you-alive/ Would you share the complete record of your personal banking transactions and purchases if this turned out to be the best way to get a new loan? Utah is home to a host of emerging financial tech or fintech startups that are creating a host of new options for consumer and business financial services that […]]]>

Would you share the complete record of your personal banking transactions and purchases if this turned out to be the best way to get a new loan?

Utah is home to a host of emerging financial tech or fintech startups that are creating a host of new options for consumer and business financial services that were once the exclusive purview of the traditional banking system.

But the same data access that has helped revitalize the FinTech industry and led to new options for, say, consumers who need to borrow money but don’t have a credit history. or small business owners who don’t qualify for regular banks, has a side too.

These questions, and many more, were explored at the University of Utah’s inaugural Fintech Summit on Friday.

Utah Senator Mitt Romney joined Taylor Randall, the new President of the United States and former Dean of the David Eccles School of Business in the United States, for a conversation to open the hybrid live / broadcast event .

Romney spent years in the private equity world before leaving in 1999 to oversee the 2002 Winter Olympics in Salt Lake City. He noted how different today’s financial industry is and that high-risk companies, like tech startups, that once struggled to find access to capital were playing by a new set of rules.

“The money for early stage, high risk businesses was not available,” Romney said. “Now the funds available far outweigh the opportunities to apply those funds in a meaningful way.”

And new “fintechs” are finding ways to connect their clients to these funding sources through avenues that traditional institutions simply couldn’t or wouldn’t want to follow.

University of Utah President Taylor Randall, left, listens to Senator Mitt Romney of the Utah GOP during a discussion at the inaugural Fintech Summit at the Garff Executive Education Building at the University of Salt Lake City on Friday, September 17, 2021.
Scott G Winterton, Deseret News

A little-known principle of the ten-year-old Dodd Frank Wall Street Reform and Consumer Protection Act, a massive piece of legislation designed to help address vulnerabilities exposed by the Great Recession, gave American consumers the right to access their financial and banking information in a machine-readable format.

Consumers can now grant access to their personal account to potential “fintech” lenders, who typically use an algorithmic approach to assess deposit history, spending, savings, and more. of the applicant to determine the creditworthiness of the loan. Everything happens through a smartphone app and can be accomplished in a matter of minutes.

Supporters say it’s a boon for those who don’t have access to traditional banking institutions, are members of marginalized communities, or simply don’t have a sufficient credit history to qualify under traditional banking requirements. And it’s an approach that works like a meritocracy in helping to elevate inclusion and reduce the racial / ethnic and socio-economic biases that have been exposed in some traditional banking practices.

But University of Utah law professor Chris Peterson, who attended a summit roundtable on FinTech regulatory issues, said all data can also be used as a weapon against people. even who are looking for alternatives to traditional banks because of their situation.

“I’m really worried about the alternative data being used not only to determine who has access to credit, but how to market to people… when they’re most vulnerable,” Peterson said. “Some of these loans I’m really concerned about that aren’t that good for people, and you have some sort of alternative data that determines when they’re most vulnerable, when they’re most likely to make a bad decision. . “

Peterson said a bad fintech player could, through authorized access to a client’s account data, determine when that person is typically in the greatest financial difficulty, such as right before their regular paycheck, and target them. with an online ad or e-mail offer that may come with an exorbitant interest rate or imbalanced repayment terms.

Utah Bankers Association President Howard Headlee noted that federal lawmakers and regulators have been working on ways to eradicate prejudice and inequalities in banking practices through efforts such as the Credit Act for equal opportunities and the law on community reinvestment. The challenge now is to apply these regulatory guidelines to the world of big data, machine learning and fintech artificial intelligence.

Even as regulators scramble to catch up with innovations emerging from the fintech sector, these startups are proliferating and in many ways creating greater access to credit and capital for individuals and businesses and, by default, pushing forward traditional financial institutions to do their own innovation.

A panel of fintech industry representatives at the top included Kristy Kim, co-founder and CEO of Tomo Credit.

Kim said she was inspired to start her own business when she ran into problems as a young professional who, although she worked as an investment banker in San Francisco, was unable to get a car loan because of a limited credit history.

“I had bank accounts and income. However, I didn’t have a credit score, ”Kim said.

Tomo, Kim said, uses access to applicant account data to determine creditworthiness and doesn’t bother pulling FICO credit scores. And, she says, applicants can be approved for credit limits of up to $ 10,000 in a process that typically takes about two minutes.

Square is a fintech company launched in 2009 to, according to the company, help small businesses participate in the economy. It offers a range of services that include helping customers launch websites and process online payments, manage in-person payment systems, market products and services, and manage employee payroll. It also provides financial services to its participating businesses, including issuing business loans through a financial services subsidiary.

Square Financial Services CEO Lou Goodwin said his company’s average loan size is around $ 6,000 to $ 7,000, and the funds are typically used by small business owners to solve problems. immediate and real, such as repairing or updating equipment or resolving short-term funding issues.

His company assesses credit applicants based on their business transaction data. The process, Goodwin said, is accomplished using machine learning and artificial intelligence tools managed by scientists and engineers and is independent of the underlying company or person applying for the loan. .

He noted that this is also a method which, by structure, leads to more equitable results for its clients.

“It’s all about economic empowerment,” Goodwin said. “Bringing underserved, neglected or just plain unprofitable people into the banking world” for the traditional banking sector.

And to put the influence of emerging fintechs into perspective, the Economic Times recently reported that Square was worth $ 113 billion, more than Europe’s most valuable bank, HSBC, currently valued at around $ 105 billion.


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Trucking Company Owner, Reality TV Star Sentenced For PPP Loan Fraud, Ponzi Scheme http://stratiawire.com/trucking-company-owner-reality-tv-star-sentenced-for-ppp-loan-fraud-ponzi-scheme/ http://stratiawire.com/trucking-company-owner-reality-tv-star-sentenced-for-ppp-loan-fraud-ponzi-scheme/#respond Fri, 17 Sep 2021 18:07:35 +0000 http://stratiawire.com/trucking-company-owner-reality-tv-star-sentenced-for-ppp-loan-fraud-ponzi-scheme/ News and briefs on the trucking for Friday, September 17, 2021: Reality TV Star, Trucking Company Owner Sentenced for PPP Fraud and Ponzi Scheme Maurice Fayne, who starred in the reality TV series “Love & Hip Hop: Atlanta” and owner of Flame Trucking, was sentenced to over 17 years in federal prison for conspiracy and […]]]>

News and briefs on the trucking for Friday, September 17, 2021:

Reality TV Star, Trucking Company Owner Sentenced for PPP Fraud and Ponzi Scheme

Maurice Fayne, who starred in the reality TV series “Love & Hip Hop: Atlanta” and owner of Flame Trucking, was sentenced to over 17 years in federal prison for conspiracy and wire fraud linked to a Ponzi scheme , and for bank fraud and making false statements to a financial institution regarding a loan application from the Paycheck Protection Program.

According to Acting U.S. Attorney Kurt R. Erskine, from March 2013 to May 2020, Fayne ran a multi-state Ponzi scheme that defrauded more than 20 people who invested in his trucking business. Fayne promised he would use investor money to run the business, but instead used the money to pay off debts and personal expenses and to fund an extravagant lifestyle for himself. During the scheme, Fayne spent more than $ 5 million at an Oklahoma casino.

In April 2020, Fayne applied for a $ 3.7 million PPP loan to United Community Bank, mistakenly claiming that his trucking company had 107 employees and an average monthly payroll of $ 1,490,200. Fayne promised to use the proceeds of the P3 loan to retain workers and maintain payroll or make mortgage interest payments, lease payments and utility payments related to his trucking business.

According to Erskine, however, Fayne used the proceeds of the PPP loan to pay child support and restitution owed in a previous fraud case, buy custom jewelry, rent a Rolls-Royce, pay associates who had it. helped in the Ponzi scheme and start a new business in Arkansas.

Fayne was sentenced by US District Judge Mark H. Cohen to 17 years, six months in prison followed by five years of supervised release and ordered to pay restitution in the amount of $ 4,465,865.55 to the victims. Fayne was convicted of the charges on May 11, 2021, after pleading guilty.

Nearly 50 immigrants rescued from semi-trailer in human trafficking attempt

Border Patrol officers assigned to Freer Station near Laredo, TX rescued nearly 50 people who were found in an alleged human trafficking attempt locked in a trailer near Freer, TX. .

The incident occurred shortly after midnight on September 15, when a semi-trailer approached the checkpoint on US Highway 59. During the primary inspection, a service dog alerted officers to cargo. Officers then returned the trailer for secondary inspection for further inspection.

During the inspection, officers discovered nearly 50 people locked inside the trailer, where the interior temperature was over 90 degrees Fahrenheit. All of the individuals were in the United States illegally and came from the countries of Mexico, Guatemala and El Salvador.

Rolling Strong supports the initiatives of the St. Christopher Fund

Rolling Strong, the provider of health and wellness programs for trucking companies and their drivers, as well as owner-operators, has announced that it offers participants in the St. Christopher Truckers Relief Fund (SCF) with six-month subscription to the Rolling Strong app, and he links his platform to SCF’s Rigs without Cigs program.

SCF’s DPP was launched in February 2021. The first participants who have completed the first six months and are now in the maintenance phase for the next six months will receive a free subscription to the Rolling Strong app with wellness coaching to help them maintain their progress.

The Free DPP Initiative is an evidence-based lifestyle change program open to all Class A drivers at risk for type 2 diabetes. The one-year program is led by a lifestyle coach specially trained and offers webinars focused on nutrition, exercise, stress management, etc. Eligible drivers who sign up can receive scales, blood pressure cuffs, activity trackers, and resistance bands to help with tracking and success. Participants are required to send reports on their weight, blood pressure and activity.

Rolling Strong is also adding a section to its app referring drivers to the SCF Rigs without Cigs program. The Smoking Cessation Incentive and Participation Program, which is open to all OTR drivers with a Class A CDL, offers a variety of rewards for being tobacco-free after one month, three months, six months and one year.


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IT News Online – Award winning mortgage brokerage with 100% pre-construction financing http://stratiawire.com/it-news-online-award-winning-mortgage-brokerage-with-100-pre-construction-financing/ http://stratiawire.com/it-news-online-award-winning-mortgage-brokerage-with-100-pre-construction-financing/#respond Fri, 17 Sep 2021 02:55:33 +0000 http://stratiawire.com/it-news-online-award-winning-mortgage-brokerage-with-100-pre-construction-financing/ Matrix Mortgage Global offers a specialized mortgage product that allows buyers to qualify for 100% pre-construction financing. TORONTO, ON / ACCESSWIRE / September 16, 2021 / Matrix Mortgage Global is a four-year winner of the 2018-2021 Canadian Broker of the Year award from the Canadian Mortgage Awards (CMA). As a Canadian brokerage firm, it strives […]]]>

Matrix Mortgage Global offers a specialized mortgage product that allows buyers to qualify for 100% pre-construction financing.

TORONTO, ON / ACCESSWIRE / September 16, 2021 / Matrix Mortgage Global is a four-year winner of the 2018-2021 Canadian Broker of the Year award from the Canadian Mortgage Awards (CMA). As a Canadian brokerage firm, it strives to work in the best interests of the client and work hard to provide its clients with specialized mortgage products that are not commonly available from other brokers or banks. Their mortgage brokers and agents are licensed to qualify the needs of buyers and facilitate the approval of the right mortgage products.

One of their main mortgage brokers is Jermaine Hinds, who unpacks the 100% pre-construction financing product available from the brokerage for buyers in Toronto and the Greater Toronto Area. This product allows buyers to obtain mortgage financing up to 100% of the purchase price of their pre-construction properties. This product is difficult to find elsewhere in Canada.

100% Pre-Construction Funding Questions & Answers Most People Don’t Know About – Jermaine Hinds
Obtaining 100% financing requires more than just accessing lenders who are ready to work with you. Matrix Mortgage Global has years of relationships built over time, which rewards them with access to what would otherwise be inaccessible to repeat buyers. Matrix Mortgage Global has developed its mortgage brokers to master both the specialized mortgage products for home buyers and real estate investors in Canada.

According to Jermaine Hinds, at Matrix Mortgage Global, other specialty products available from the brokerage include access to lenders who can report on 100% rental income instead of the 50% which is usually allowed.

“At Matrix Mortgage Global, we help clients with approved mortgages across Canada. We’ve helped dozens of clients across the country secure their mortgages to buy homes and build generational real estate wealth. Whether you are single or have a family, we can help you secure a mortgage that matches your goals ” Jermaine Hinds said of the mortgage products offered by the brokerage.

He added, “Matrix Mortgage Global has been named Broker of the Year for four years in a row, from 2018 to 2021. After all, there’s a reason people choose us over a few hundred others in Toronto alone.

Jermaine Hinds is a Toronto-based mortgage broker with many years of experience in the mortgage industry. His insight has grown over years of working as a mortgage broker and lender, as well as a vast network that allows him to offer clients more choices from over 100 lending partners and various mortgage solutions. Mr. Hinds can be contacted at Matrix Mortgage Global – Jermaine Hinds, a leading mortgage broker at Matrix Mortgage Global.

About Matrix Mortgage Global
Matrix Mortgage Global is a Toronto mortgage brokerage that received the 4X Broker Of The Year award in 2018, 2019, 2020 and 2021. The company is led by Chief Executive Officer Mr. Shawn Allen, who passed the $ 380 million in mortgage origination. rising during the Great Financial Crisis. Mr. Allen is an international speaker and masterclass host for mortgage brokers in Canada and Australia.

For media and inquiries:

Matrix Mortgage Global – Jermaine Hinds
Jermaine hinds
100 Consilium Pl Suite 200, Scarborough, ON M1H 3E3, Canada
(647) 277-9487
jermaine@mmgb.ca
https://hindsmortgages.ca/toronto-mortgage-broker/

THE SOURCE: Matrix Mortgage Global

See the source version on accesswire.com:
https://www.accesswire.com/664452/Award-Winning-Mortgage-Brokerage-With-a-100-Pre-Construction-Financing


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