Tag: introduction to finance

Nomura Asset Management Co. Ltd. Acquires 1,239 Shares of New Mountain Finance Co. (NASDAQ:NMFC)

Nomura Asset Management Co. Ltd. increased its holdings in New Mountain Finance Co. (NASDAQ:NMFC – Get Rating) by 114.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,317 shares of the company’s stock after purchasing an additional 1,239 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in New Mountain Finance were worth $27,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NMFC. Lazard Asset Management LLC bought a new position in New Mountain Finance during the 1st quarter worth $29,000. Rockefeller Capital Management LP raised its

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Millions of debt collections dropped off Americans’ credit reports

Tens of millions of debt collections disappeared from Americans’ credit reports during the pandemic, a new government watchdog report found, but overdue medical bills remain a big strain on many households nationwide.

The total number of debt collections on credit reports dropped by 33% from 261 million in 2018 to 175 million in 2022, according to the Consumer Financial Protection Bureau, while the share of consumers with a debt collection on their credit report shrunk by 20%.

Medical debt collections also dropped by 17.9% during that time, but still made up 57% of all collection accounts on credit reports, far

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G20 watchdog says commodity market concentration poses a threat to a wider economy

By Huw Jones

LONDON (Reuters) – The pandemic and war in Ukraine highlighted weaknesses in commodity markets where a ‘significant’ concentration of firms, banks, exchanges and clearing houses threatens to transmit losses to the wider economy, the G20’s financial watchdog said on Monday.

The Financial Stability Board’s (FSB) deep dive into commodity markets came after regulators voiced concern that they were unable to get a full picture of a sprawling sector consisting of on and off exchange derivatives trading, physical stocks, patchy data and producers spread across the world.

European natural gas and metals prices doubled while oil and wheat

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Here’s why crypto companies need to focus on embedded finance

A new study by Decta highlights the importance of embedded finance features in today’s fintech world. With online shopping and digital payments becoming a norm, the study pointed toward some key drivers for a seamless customer experience.

Embedded finance is a new type of distribution software that works with financial infrastructure providers to include financial services in the ecosystems of already-existing products. The most common embedded finance offerings include banking, lending, insurance, payments and branded credit cards.

According to the study, quick payments and the availability of a selected payment option are the most crucial elements for a satisfying online

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Some Meta employees are getting paid to do ‘zero work’ as the company embarks on a ‘year of efficiency’: Financial Times

MetaMark Zuckerberg

Meta CEO Mark Zuckerberg told investors that 2023 will be the “year of efficiency” for the company.Getty Images

  • Meta signaled in February it’s likely to cut more jobs this year after culling 11,000 jobs last year.

  • The company has delayed budget-setting for some teams as it gears up for the new round of layoffs, per the FT.

  • That has resulted in some staff doing “zero work” because managers have not been able to plan their schedules.

Meta’s “year of efficiency” may be starting on an inefficient note.

The tech giant — which laid off 11,000 people in November and

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Three takeaways from a busy week in markets: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 am ET. Subscribe

Saturday, February 11, 2023

Today’s newsletter is by Myles Udland, Head of News at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance App.

Corporate earnings season is coming down the other side of the mountain after a hectic couple weeks.

But even in the absence of a Fed meeting, or jobs report, or earrings reports from

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Susan Rimmer reads CIBC for sustainable finance talent war

Susan Rimmer, head of investment banking at CIBC, in Toronto on Feb. 10.Tijana Martin/The Globe and Mail

Three months into her new job as head of global corporate and investment banking at the Canadian Imperial Bank of Commerce CM-T, Susan Rimmer is focusing on a trend that is set to play out over three decades.

Ms. Rimmer, who has three decades of experience in debt markets and corporate banking, is hoping the bank’s newly-formed energy infrastructure and transition group will be first to carve a successful niche in climate-change-related financing, as well as by hyper-focusing on US renewable power

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Are Finance Stocks Lagging Manulife Financial Corp (MFC) This Year?

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Manulife Financial (MFC) one of those stocks right now? A quick glance at the company’s year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.

Manulife Financial is one of 870 companies in the Finance group. The Finance group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the

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