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Wirecard: Missing cash probably doesn’t exist – MarketWatch

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The more than $2 billion that banks were supposedly holding on behalf of Wirecard AG probably doesn’t exist, the German financial-technology company said.Wirecard Chief Executive Markus Braun resigne…

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Refinancing your mortgage will cost more thanks to an ‘adverse market’ fee – CNBC

Homeowners who refinance their mortgage may end up paying a higher interest rate. This is because lenders may pass on some of the costs incurred from an “adverse market” fee that they will soon have to start paying on certain loans sold to Fannie Mae and Fred…

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If you’ve thought about refinancing your mortgage, be aware that it may soon be a more expensive proposition.
Due to a 0.5% “adverse market” fee, effective Dec. 1 and imposed on lenders by mortgage backers Fannie Mae and Freddie Mac, many homeowners are expected to absorb at least some of the cost when they refinance (certain refis are exempt, including those for loan balances below $125,000).
“If you assume it takes two months to close…

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Chime adds $485M at a $14.5B valuation, claims EBITDA profitability – TechCrunch

In the midst of IPO week we have to add another name to our future debuts list, namely Chime, which announced a huge new round of capital today. The $485 million Series F values the consumer fintech giant at $14.5 billion, a huge figure given that Chime was m…

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In the midst of IPO week we have to add another name to our future debuts list, namely Chime, which announced a huge new round of capital today. The $485 million Series F values the consumer fintech giant at $14.5 billion, a huge figure given that Chime was most recently worth $5.8 billion after raising $700 million last December.
Even more stark is the company’s $1.5 billion valuation set in early 2019. From $1.5 billion to $14.5 billion in less than two years is quite a run for any startup. P…

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Fed’s Kashkari says warnings of runaway inflation are just ‘ghost stories’ – MarketWatch

Fed’s Bostic says COVID-19 pandemic has generated “a lot of noise” in the inflation data

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Warnings that U.S. inflation is about to surge arent supported by any evidence, and are tantamount to ghost stories, said Minneapolis Federal Reserve President Neel Kashkari on Friday.These has been talk since 2008 that once inflation started to climb, it would accelerate, forcing the Fed to slam on the brakes by raising its policy interest rate sharply, Kashkari said, in an essay posted on his regional banks website.These theories are similar to ghost stories because there is no evidence that t…

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Chime adds $485M at a $14.5B valuation, claims EBITDA profitability – TechCrunch
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Fed’s Kashkari says warnings of runaway inflation are just ‘ghost stories’ – MarketWatch
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Cop arrests apparently sleeping Tesla driver going 93mph – Ars Technica