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How does flood insurance work?

How much does flood insurance cost? Think of the cost of flood insurance like you would with earthquake insurance—the price is determined by location. Those who live on the coast of British Columbia are most in need of earthquake insurance, and therefore they pay more than other Canadians. Similarly, when you inquire about purchasing flood […]

Breaking down bank fees | MoneySense

Watch: MoneySense – Breaking down bank fees – Presented by EQ Bank Why do banks charge fees on everyday transactions? Depending on what kind of account you have, and where, certain everyday transactions, like sending an e-Transfer or paying for an online purchase in a foreign currency, may result in a charge being debited from […]

Volmaggedon, Decarbonizing Everything: Financial Analysts Journal Editor’s Snapshot

The following is derived from the Editor’s Snapshot podcast summary of the latest issue of the CFA Institute Financial Analysts Journal. Institutional subscribers and logged-in CFA Institute members have full access to all the articles. What’s in the CFA Institute Financial Analysts Journal 2021 third quarter issue? Contributions explore Volmaggedon, American Depositary Receipts (ADRs), soft […]

Square to Launch Compact iPad POS Terminal

Square (SQ) is working on building an iPad payment terminal that will enable shoppers to access tap-to-pay more effortlessly, as reported by Bloomberg. It is not known when the upgraded device will be available to retailers, as there was no comment from Square on this report. The new point-of-sale terminal enhances the existing Square Stand model […]

Amazon Launches Interactive Story Portfolio, Kindle Vella

Amazon (AMZN) officially launched its new mobile-first digital experience, Kindle Vella, which offers interactive reading for serial fiction stories. Kindle Vella’s interactive stories are available in the U.S. on the Kindle iOS app and Amazon.com. These stories are published serial-wise, in 600-5,000-word episodes. The first few episodes are offered for free; after that, episodes can […]

Citigroup to Sell Venezuela Operations to BNC

Citigroup (C) recently announced that its operations in Venezuela are set to be acquired by Venezuelan bank, Banco Nacional de Crédito (BNC) for an undisclosed amount. The deal is likely to close sometime in the forthcoming weeks. Citigroup had opened its offices in Venezuela in 1917. Markedly, the number of employees of the company’s operations […]

Broadcom to Acquire SAS Institute for $15 to $20B – Report

Broadcom (AVGO) is in talks to acquire software firm SAS Institute as it looks to double down on its enterprise software offerings. Citing people familiar with the matter, The Wall Street Journal reports that the deal is valued between $15 billion and $20 billion and could close in the coming weeks. The acquisition of SAS will accord […]

Werner Opens New Terminal in Pennsylvania

Logistics and transportation firm Werner Enterprises (WERN) has opened a new terminal in Lehigh Valley, Pennsylvania. The company offers one-way and dedicated truckload services. Its logistics services include final mile, intermodal, freight management and truckload brokerage. The new facility features amenities like showers, laundry, a company store, a workout facility, a relaxing lounge area and […]

FDA Warns J&J’s COVID-19 Vaccine Can Cause Complications — Report

According to a report by CNN, the U.S. Food and Drug Administration (FDA) has issued a warning that Johnson & Johnson’s (JNJ) COVID-19 vaccine could cause rare neurological complications in some cases. The regulator said it observed an increase in reports of a rare neurological disorder called Guillain-Barre syndrome (GBS) among people dosed with COVID-19 vaccine […]

TechnipFMC Seeks to Produce Green Hydrogen from Offshore Wind Power

U.K.-based energy firm TechnipFMC PLC (FTI), Portuguese energy utility company EDP and other research partners have come together to develop an engineering and economic feasibility study to set up a new offshore system to produce green hydrogen from offshore wind power. TechnipFMC is an oil and gas company that provides complete project life cycle services […]

Nordstrom Buys Stake in Asos Brands

Nordstrom (JWN) has acquired a minority interest in Asos brands Topshop, Topman, HIIT, and Miss Selfridge. It says the investment in these brands will not only help drive their growth globally, but will also set the stage for a broader strategic partnership with Asos. Nordstrom operates a network of more than 350 stores and also […]

Desktop Metal Snaps Up Aerosint; Shares Fall

Desktop Metal, Inc. (DM), an American technology company that designs and markets 3D printing systems, has announced the acquisition of Aerosint, a multi-material recoating systems provider for additive manufacturing. The terms of the deal have not been disclosed so far. Following the news, shares of the company declined 2.3% in Monday’s trading session. The shares […]