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TD Ameritrade Investor Movement Index: May Activity Boosts IMX
The Investor Movement Index increased to 4.35 in May, up 11.54 percent from its April score of 3.90. The IMX is TD Ameritrade’s proprietary, behavior-based index, aggregating Main Street investor positions and activity to measure what investors actually were doing and how they were positioned in the markets. Read More: GlobalFintechSeries Interview......
Millions of Americans Stand to Lose Trillions of Dollars Due to Covid-19
Ric Edelman, founder of the nation’s largest independent financial planning and investment advisory firm, released a 64-page report that warns of dire financial outcomes for millions of Americans. Edelman’s report, The Long-Term Financial Impact of Covid-19 and What it Means for You, asserts that the pandemic is leading people to bad......
Survey: COVID-19, Market Uncertainty Has Financial Advisers Feeling Bearish for the Next Six Months
2020 Trends in Investing Survey also reveals ESG funds gaining popularity among the advisory community COVID-19 is wreaking havoc across the country, especially in the financial markets and economy. With trillions of dollars in assets managed by the financial advisory community in the U.S., it’s logical to explore how financial......
People’s Bank Celebrates Success in PPP Lending
People’s Bank of Commerce reports significant support of its communities in providing Paycheck Protection Program (PPP) Loans during the COVID-19 crisis. To date, the community bank has provided over 900 PPP loans totaling $91 million to small businesses. The SBA processing fee from these loans will generate $3.6 million in......
Ideanomics Enters into 50/50 JV with BBD to Establish an Investment Company Focused on New Infrastructure Projects in China
Ideanomics is pleased to announce that it has entered into a 50/50 joint venture (JV) with Business Big Data PTE, Ltd./Seasail Ventures (BBD) to create an investment company focused on new infrastructure projects in China. The investment company will develop an AI-enhanced China New Infrastructure bond product, introduce capital, and......
TradeUP Offers Users Free Level 2 Market Data Powered by NYSE ArcaBook
Zero-commission investing platform TradeUP announced that it is offering Level 2 market data powered by NYSE ArcaBook for free. Users who open an account with TradeUP will receive free access to NYSE ArcaBook for 3 months. Users can get free access to NYSE ArcaBook for an additional 9 months if......
Payment Terms, Shipping and Online Trade Shows on Alibaba.com: Three New Ways U.S. Businesses Are Accelerating Digitalization Amid Pandemic
As American small and medium-sized businesses (SMBs) fight through the challenges of COVID-19, Alibaba.com, one of the world’s largest B2B ecommerce marketplaces and a business unit of Alibaba Group unveiled three new products and services to help these businesses advance their efforts to digitize and pivot online. The products and......
Morgan Stanley Provides $10 Million Investment For New York Forward Loan Fund
Morgan Stanley announced it will make an investment of $10 million to support the New York Forward Loan Fund, part of Governor Andrew M. Cuomo’s initiative to reinvigorate New York’s small businesses and critical non-profits. The New York Forward Loan Fund will provide sustainable capital to Community Development Financial Institution’s......