Financial

Be careful with Rocket and other mortgage companies right now

Actions of Rocket companies (NYSE: RKT), the nation’s largest mortgage originator, jumped 70% on Tuesday, to close just under $ 42 a share. This was probably fueled by the WallStreetBets (WSB) traders behind the meteoric rise in GameStop and AMC. Members of the WSB Reddit group have spoken of buying …

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North Carolina woman accused of using her $ 149,000 Covid-19 relief loan for shopping sprees

By Anjali Huynh and Keith Allen, CNN (CNN) – In millions struggle to stay afloat during the Covid-19 pandemic, the latest purchases that most minds think about are Louis Vuitton and diamonds. But in a state facing a 6.5% unemployment rate Last August, a North Carolina woman reportedly used a …

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California Gold Provides Company Update and Completes

TORONTO, November 06, 2020 (GLOBE NEWSWIRE) – California Gold Mining Inc. (CSE: CGM) (“California Gold“or the”Company”) Announces today a strategic review in a special committee and the completion of a subordinated debt financing. Special committee Following the announcement of September 30, 2020 regarding the appointment of Mr. Scott Rasenberg as …

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Equity takes over cable manufacturer’s $ 20 million deficit loan

By JAMES ANYANZWA Equity Group Holdings (EGH) Ltd has taken over more than $ 20 million in loans owed by the loss suffered by East African Cables Ltd as part of a major debt restructuring plan to put the manufacturer back on a solid financial footing . The restructuring will …

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The “intense” cycle of PPP loan applications starts in 2021 for CPAs

Greg White spent the generally slow week between Christmas and New Years preparing for what could be a January storm: up to 500 clients who may need help from his small Seattle accounting firm to submit reports. requests for another round of federal relief loans. White is hoping, however, that …

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Are 401 (k) loan repayments double taxed?

Question My wife and I took out a 401 (k) loan to help cover the costs of renovating our newly acquired home. We paid off the loan at 401 (k), but we still have a way to go. As you know, the loan repayments themselves are taxed and any withdrawals …

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New or used? Either way, price hikes are forcing U.S. auto buyers

By TOM KRISHER and MIKE HOUSEHOLDER Associated Press FENTON TOWNSHIP, Mich. (AP) – The viral pandemic has triggered a cascade of price hikes across the U.S. auto industry – a surge that has made new and used vehicles unaffordable for many. New vehicle prices have largely exceeded headline consumer inflation …

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Questions and answers on the Bidens and a deal in China

In the final days of the campaign, President Trump and his allies are engaged in a last-ditch effort to raise questions about the ethics of the former vice president Joseph R. Biden Jr. trying to tie Mr. Biden to the international trade relations of Mr. Biden’s son, Hunter, and one …

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For-profit college system is down and the Biden administration needs to fix it

For-profit colleges have a long history of manipulation behavior aimed at preserving the flow of Title IV funds to their schools while providing their students with a poor education. After the quadrupling of undergraduate enrollment in for-profit colleges from 2000 to 2010, Obama-era regulations led to the closure of some …

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Can student loans be used for housing?

What are the rules for student loans, housing and living expenses? Find out the answer here. (iStock) For many people interested in furthering their education, student loans help cover tuition costs. However, there are other expenses that you will also have to pay when you are in school. In fact, …

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