August 15, 2025

business

Investment

Bally’s Casino Nixes Controversial Minority Investment Offer

CHICAGO — Bally’s Casino has scrapped its investment offering targeted at women and other minorities after facing significant legal challenges and a lack of guidance on the program from the Securities and Exchange Commission. The company announced this week that it has submitted a new investment offering to the SEC that instead gives preference to

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Banking

Banking sector expands 15.8% in 2024

Listen to article KARACHI: The State Bank of Pakistan’s 2024 Financial Stability Review signals improving macroeconomic conditions, with easing inflation, stable exchange rates, and a rebound in private sector credit. The banking sector showed strong performance, though concerns remain over rising borrowings, stressed microfinance banks, and global protectionist risks. The review highlights that macroeconomic conditions improved considerably

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Mortgage

High rates for home loans are holding back the housing market

Fast-growing fruit trees for your backyard harvest Here are five fast-growing fruit trees you can plant in your backyard for a quicker harvest. unbranded – Lifestyle Rates for home loans remained high as consumer and investor confidence takes a hit amid the White House’s tariff roll-out. In the week ending April 24, 30-year fixed-rate mortgages

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Loans

SBA chief wants bigger loans for small manufacturers

The Trump administration is eyeing an expansion of federal loan programs for manufacturers as part of its “Made in America” initiative. Kelly Loeffler, head of the U.S. Small Business Administration, said in Hauppauge on Thursday that her agency wants to make bigger loans to factories. “We are certainly looking at expanding the loan size, expanding the

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Investment

Swiss pharmaceuticals company Roche announces $50 billion investment in US over next 5 years

GENEVA (AP) — Swiss pharmaceuticals powerhouse Roche announced Monday it plans to invest $50 billion in the United States over the next five years, creating 12,000 jobs. The Basel-based company, whose array of products includes cancer medicines and multiple sclerosis treatment Ocrevus, said the investment would go toward high-tech research and development sites and new

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Banking

Lisa Berger and Ilaria Rawlins Open a New Type of Bank

The founders of women-owned Fortuna Bank aim to help local business owners grow and thrive. Lisa Berger and Ilaria Rawlins had experienced plenty of success in their careers, but a novel idea to start a women-owned bank was an opportunity they couldn’t turn down. Berger and Rawlins met in 2006, when Berger—at the time a

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Finance

Use bank guarantees to finance country’s nat’l budget – Financial expert

A Financial consultant, Pro­fessor Dr Frank Forbes-Menson, has proposed the use of bank guarantees as a viable alternative for financing the country’s national budget. According to him, the use of bank guarantees would help the country address her financial challenges rather than resorting to the International Monetary Fund (IMF). Prof. Dr Forbes-Menson made the proposal

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Loans

South Florida condos ineligible for Fannie Mae loans after Surfside

The confidential list of no-go condominiums in Florida has surged to 1,438. In May 2023, just 35 Palm Beach County buildings were on the list. Drone video of Florida condo collapse site in Surfside one year later A condo in Surfside, Florida collapsed on June 24, 2021, ninety-eight people died. This drone video shows the

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Mortgage

Mortgage Advisor Joe Cucchiara Shares His Insights on Navigating Mortgage Market Volatility, Housing Supply, & More

Chris Gallagher  |  Contributor The U.S. mortgage market has been on a rollercoaster ride over the past few years, thanks to economic uncertainties, policy shifts, and global financial pressures. As individuals move through 2025, volatility remains a defining characteristic, influencing everything from home affordability to refinancing trends.  Joseph Cucchiara (Joe), who is a part of

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Crypto

Bitcoin and other cryptocurrencies see prices fall amid global market turmoil

After holding relatively stable during last week’s global market turmoil, cryptocurrencies have joined the sell-off. Bitcoin, the world’s most popular cryptocurrency dipped below $75,000 Monday morning before seeing a slight rebound. Bitcoin’s prices haven’t been this low since just after President Donald Trump’s Election Day victory last year launched a bull run in crypto prices.

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