Tag: corporate finance

European clubs need firm foundations to stay ahead of rivals: football finance expert

London (AFP) – Europe’s top football leagues have emerged strongly from the coronavirus pandemic but must get their financial house in order to stay ahead of rivals, an expert has warned.

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Deloitte’s annual review of football finance showed revenues in the “big five” European leagues grew by 10 percent to 17.2 billion euros ($18.6 billion) in the 2021/22 season, outperforming the pre-pandemic benchmark of 17 billion euros in 2018/19.

Wage costs across those leagues — the Premier League, Bundesliga, La Liga, Serie A and Ligue 1 — rose by 15 percent from 2018/19 to 12.3

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Canada finance minister: Stellantis investment ‘is coming’

OTTAWA, June 14 (Reuters) – Canada, which has been renegotiating its support for a Stellantis-LGES (STLAM.MI), (373220.KS) electric vehicle battery plant, is confident that the investment is good for the country and “is coming,” Finance Minister Chrystia Freeland said on Wednesday, hinting that a new deal may have been reached.

“We’re very confident in the value of the Stellantis investment which is coming,” Freeland told reporters in Ottawa, without elaborating.

Stellantis last month stopped construction at a C$5 billion ($3.8 billion) electric-vehicle battery plant in Ontario, which is being built in partnership with South Korea’s LG Energy Solution (LGES), saying

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Young Americans twice as likely to use AI for financial advice

As the artificial intelligence boom continues, a new survey finds that younger adults are twice as likely to rely on AI for financial advice compared to older adults.

According to a Yahoo Finance/Ipsos survey of 1,276 Americans, 20% of Gen Z adults said they were somewhat or very likely to use an AI-powered financial advisor, compared to 9% of Baby Boomers and those older. Some 18% of millennial investors and 17% of Gen X investors said they’d be likely to use an AI financial advisor.

The results suggest that younger adults, while still in small numbers, are gradually embracing AI

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The Future Of Personal Finance: Fintech 50 2023

From lenders targeting lower-income customers to a hotel reservation app that has branched into credit cards, eight personal finance companies made this year’s Fintech 50.

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consumer-facing startups have been among the hardest hits as the fintech industry has gone through the upheavals of shrinking market values ​​and desperate moves, including deep layoffs, designed to preserve capital. Still, some have proven resilient and have continued to innovate–and to fulfill fintech’s promise of bringing financial services to

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Financials Lead US Stock Gains; Bonds Slide: Markets Wrap

(Bloomberg) — US stocks gained Tuesday as a rotation into financial shares bolstered hopes the breadth of the S&P 500’s recent rally might extend beyond technology soon.

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The benchmark index rose 0.2% as a decline in Apple Inc.’s stock took the air out of a tech rally, but shares of beaten-down regional banks were higher. The KBW Regional Bank index added 5.4% while the Russell 2000 gained 2.7%.

“It’s too early to say if this is bottom-fishing or a real bet that the most economically sensitive stocks — many of which are unprofitable — are the

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Bonside launches with $4.35M to provide growth capital to brick-and-mortar businesses

Online shopping is typically where much of the commerce financing has focused on over the past three years. However, during this time, some retailers that started in e-commerce are diversifying and going the brick-and-mortar route. That’s probably because 54% of consumers still prefer to go into a physical store.

Like other businesses, they need money for a shop, but finding financing isn’t easy. Banks have been slow to offer better growth capital options, while some startups — such as Onramp Funds — focus on e-commerce. And venture capital isn’t for every business.

Enter Bonside, a financing platform designed for brick-and-mortar

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5 ways to simplify and reduce your money clutter

Professional organizers might define household clutter as a pile of unmade decisions. Money clutter is much the same.

Those credit cards you no longer use but haven’t closed? That’s money clutter. So is the retirement account you left behind three jobs ago and the financial paperwork you keep but no longer need. Money clutter can also include broken systems that should be broken, such as a bill payment routine that leads to overdrafts or late fees.

You can simplify your financial life by dealing with those long-delayed decisions now and streamlining how you manage your money going forward. Here are

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MPs call for climate-focused rules for Canada’s big banks

A cross-party group of federal lawmakers is backing a call for climate-focused rules on how Canada’s banks, insurers and pension funds invest their money.

“We have to do more,” said Ryan Turnbull, the Liberal MP leading a new push to bring the financial system in line with the commitment Canada has made to reduce its carbon emissions and keep global warming below 1.5 degrees.

Turnbull held a joint news conference on Thursday, along with MPs from the NDP, Green and Bloc Québécois parties, to highlight a private member’s motion he made earlier this month calling for the government to use

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