Tag: introduction to finance

Canada Life purchases wealth manager IPC from sister company IGM Financial

Canada Life Assurance Co. – a subsidiary of Great-West Life – will purchase Investment Planning Counsel for $575-million in an all-cash deal from its sister company IGM Financial.

IGM Financial Inc. IGM-T and Great-West Lifeco Inc. GWO-T have struck a deal that will see independent wealth manager Investment Planning Counsel Inc. change hands while IGM snaps up a 20.5-per-cent stake in US giant Rockefeller Capital Management.

The deal, which was announced on Monday, will see Canada Life Assurance Co. – a subsidiary of Great-West Life – purchase Investment Planning Counsel for $575-million in an all-cash deal from its sister company

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Jamie Dimon says the banking crisis is not over yet, blames the Fed for problems

Dimon points finger at regulators for bank collapses

Bloomberg News

Hannah Levitt

Published April 04, 2023 • Last updated 1 week ago • 3 minute read

JPMorgan & Chase chief executive Jamie Dimon in February.
JPMorgan & Chase chief executive Jamie Dimon in February. Photo by Marco Bello/Reuters

Silicon Valley Bank’s blunders were encouraged by US regulation, went untested by the United States Federal Reserve and were “hiding in plain sight” until Wall Street and depositors grew alarmed.

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Should You Be Concerned About Arsenic in Rice?

Arsenic-based pesticides have been used in agricultural practices for many years, and, accordingly, soils and groundwater in the US are contaminated with varying levels of arsenic. Because arsenic exists in soil and water, it finds its way into our food supply. And nearly all foods contain some level of arsenic.

What Foods Have the Most Arsenic?

Studies show that most of the arsenic in the American diet comes from meat, milk, poultry, pork, eggs and seafood. Poultry is the worst offender. Some chickens exceed the EPA safety limit for arsenic by 2,000%. Meat and poultry are high in arsenic because

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Stellantis Says Auto Loans Are Getting Longer as Demand Remains High

Side view of a Jeep Renegade in a dealership lot

Side view of a Jeep Renegade in a dealership lot

Stellantis has also noticed that average new vehicle financing terms are getting longer, GM’s electric cargo vans are proving somewhat popular, and a never-ending tire trade secret scandal has swung back in Goodyear’s favour. All that and more in this edition of The Morning Shift for April 4, 2023.

1st Gear: In the Future, You’ll Never Stop Paying Off Your Car

As interest rates increase and cars get more expensive, buyers end up agreeing to ever-longer financing terms just to make those monthly payments bearable. We know that 84-month loans

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You’re Right, It Is Very Expensive to Finance a Car These Days

  • Average new-car prices aren’t getting any more reasonable, and if you’re someone who finances their vehicle, you’re probably wondering where all the money’s going.
  • The average APR for new vehicles financed in March was 7 percent, helping create a market where the average payment for a new car is, gulp, $730.
  • That’s bad, but the number of people paying over $1000 is also on the rise. In Wyoming, more than 25 percent of car shoppers who finance have high payments. Sorry, truck shoppers.

The average price of a new car in the US has been climbing, again, and at least

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Bloomberg unveils finance-focused AI model Bloomberg GPT

SlateStone Wealth chief market strategist Kenny Polcari discusses when the Fed could cut rates and if it’s too early to invest in AI on ‘Varney & Co.’

Bloomberg, a leading financial data services provider, this week unveiled a new artificial intelligence (AI) model that aims to revolutionize the finance industry in the same way programs like OpenAI’s ChatGPT are set to radically transform written communications.

A research paper released by the company Thursday details the development of BloombergGPT, a new large language model (LLM) that has been trained on a massive amount of financial data to assist with a variety

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How women answer 5 questions could be a financial wake-up call: Suze Orman

Suze Orman speaks during AOL’s BUILD Speaker Series at AOL Studios In New York.

Jenny Anderson | WireImage | Getty Images

At the end of each episode of her long-running CNBC eponymous show, Suze Orman would close out with the phrase, “People first, then money, then things.”

Women took that to mean they should give to other people and be generous, according to Orman. Men, on the other hand, took it to mean they should put themselves first.

Years after those episodes aired, there is still a distinct difference between how women and men handle their finances, Orman told CNBC.com

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The banking crisis is ‘over,’ top analyst Dick Bove says. Here’s why.

The banking crisis is finished.

That’s a somewhat surprising message from OG banking analyst Dick Bove, who rose to fame with his bold calls at the height of the 2008-2009 crisis.

“I think that the near-term banking crisis is definitely over,” the Odeon Capital Group Financial analyst said on Yahoo Finance Live (video above).

Bove’s call is rooted in his interpretation of recent events to prevent a wider crisis in the financial system.

On Thursday, 11 US banks led by JP Morgan (JPM), Bank of America (BAC), and Citigroup (C) banded together to inject $30 billion in uninsured deposits into

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