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Green Check (GC), a fintech company focused on the cannabis industry, exceeded $1 billion in monthly cannabis sales deposits in Q3 2024. This milestone reflects the growth of GC’s network, which currently includes more than 170 financial institutions and more than 11,000 cannabis entities. Related Businesses (CRB) throughout the United States Wider financial network In addition to its financial growth, Green Check expanded its reach by acquiring new financial institution customers in nine additional states. The company continues to address banking and financial services needs in the cannabis space, where many companies are struggling to find compliant solutions. Kevin Hart,…

Ares Management Corporation on Monday announced plans to acquire real estate asset manager GCP International, an international division of GLP Capital Partners. The acquisition of GCP International will nearly double Ares Real Estate’s assets under management to $96 billion. As of June 30, Ares managed $51.5 billion in real estate assets. The transaction is expected to close in the first half of 2025, subject to regulatory approval, and is valued at $3.7 billion. The acquisition eliminates GCP’s operations in Greater China. The parent company has offices in Shanghai, Tokyo, Hong Kong, Singapore, and Ho Chi Minh City, Vietnam, as well…

MINNEAPOLIS — Money is a touchy topic.According to the latest Bankrate survey, only 38% of American adults say they feel comfortable discussing their bank account balances with friends and family.”We’d like to see money become a more open part of the conversation,” said Ted Rothman, senior industry analyst at Bankrate.At a time when many people are feeling financial strain, Rothman is concerned about the lack of communication around money. “One of the things that sometimes happens is that people want to help and provide too much financial aid, which undermines their own financial security,” Rothman said. He also noted that…

Listen Now: Listen and subscribe to Morningstar’s The Long View from your mobile device: Apple Podcasts | SpotifyToday on the podcast, we’re delighted to welcome back Jeremy Grantham. Jeremy is the long-term investment strategist at his namesake firm, Grantham, Mayo, Van Otterloo & Co., or GMO, which he cofounded in 1977. He serves on GMO’s Asset Allocation Committee and board of directors. Prior to GMO, Jeremy was cofounder of Batterymarch Financial Management and before that was an economist at Royal Dutch Shell. He earned his undergraduate degree from the University of Sheffield and his MBA from Harvard University. Jeremy is…

CALGARY, AB, Oct. 8, 2024 (GLOBE NEWSWIRE) — The Canoe EIT Revenue Fund (“Canoe” or the “Fund”) (TSX – EIT.UN) today announces its 2024 Voluntary Cash Redemption I did. Optional annual cash redemption The redemption date for the Fund’s annual discretionary cash redemption is December 6, 2024. Unitholders are entitled to redeem units of the Fund at a price equal to 95% of the average net asset value (NAV) of the three business days preceding December. Redemption date is 6, 2024, direct costs are deductible. Direct costs are expected to be less than 1%. If on November 15, 2024, the…

Amundi has announced the expansion of its fixed income product offering in emerging markets with the launch of the Amundi JP Morgan INR Indian Government Bond UCITS ETF with a management fee of 0.30%.According to the asset management company, the ETF replicates the JPM Government of India Full Access Route (FAR) Bond Index, which targets Indian government bonds denominated in Indian rupees that are accessible to foreign investors, and which is accessible to international participants in Indian bonds. It is said that it will open an investment route to. market. This new launch underscores Amundi’s commitment to providing investors with…

The infamous Beverly Hills mansion where the Menendez brothers brutally murdered their parents has a new owner, and the sale will only further fuel the public frenzy surrounding the infamous case. Seven months after the home was sold for a staggering $17 million, according to Realtor.com, the new owner is a prominent Iranian-American who has invested heavily in Los Angeles real estate. It was revealed that they belonged to a wealthy family, the Rahijani family. The property, which has changed hands numerous times since the 1989 murder, is currently undergoing extensive renovations, but Menendez’s legacy continues to attract unwanted attention.…

While the Southeast is still shellshocked from Hurricane Helene and Florida is bracing for Hurricane Milton, Americans nationwide are starting to understand how extreme extreme weather can be.   The National Oceanic and Atmospheric Administration (NOAA) predicted the 2024 Atlantic hurricane season would be historic. With Hurricane Beryl reaching category five status within the first few days of the season, homeowners braced for more — but then there was nothing. The Saharan Air Layer, plumes of dust that annually travel from the Sahara Desert and across the Atlantic, created a pause in tropical cyclone formation.  Hurricane Helene, a Category 4 storm…

Slowing growth in life expectancy means it may be time for society to reconsider the age at which people should retire and how much money they need to save to live out the rest of their lives. That means no, said the lead author of the study published Monday in the journal Nature. Ageing told The Associated Press. The average human lifespan has increased gradually over the past century, but it is unlikely to continue to increase significantly in the future, the researchers concluded. They studied longevity in Australia, France, Hong Kong, Italy, Japan, South Korea, Spain, Sweden, Switzerland, and…

(Bloomberg) – Billionaire investor Ray Dalio doesn’t expect the Federal Reserve to cut interest rates “significantly,” given recent swings in the U.S. Treasury market. He then said that bonds are a risky investment. “Treasury bonds are not a great investment,” the Bridgewater Associates founder said Tuesday at the Greenwich Economic Forum. “There is interest rate risk in the bond market.” Investors are getting ahead of the curve by betting on a rapid rate cut, Dalio said. Last month, the Federal Reserve cut interest rates for the first time in four years, cutting the federal funds rate by half a percentage…