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Game on: Ally leans into gamification to combat falling financial literacy rates

game on: ally leans into gamification to combat falling financial literacy rates

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CHARLOTTE, N.C., Oct. 26, 2020 /PRNewswire/ — Only a third of Americans can answer four out of five basic financial questions, down from 42 percent 10 years earlier, with the biggest drop among young people ages 18-34, according a study by the FINRA Investor Education Foundation1. In an effort to reverse these trends, leading digital financial services company Ally Financial (NYSE: ALLY) is embracing gamification as a powerful new strategy to make learning about money easy, fun, and above all, effective.
Watch this video for interviews and insights on Ally’s new approach to financial education.
Ally’s approach features interactive programming designed to engage teachers and parents of elementary, middle and high school students, as well as Generation Z and Millennial consumers, through play. It recently kicked off with an Ally integration inside Nintendo’s “Animal Crossing,” a video game popular among Gen Z and Millennials and includes a number of financial interactions embedded in the game play. Concepts such as currency, interest rates, stock prices and real estate are all part of “Animal Crossing,” and the new “Ally Island” will give players the opportunity to improve their financial positions in the game while gaining a deeper understanding of these concepts.   
“Financial health plays a …

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Financial hit on Iowa’s road fund not as bad as feared

financial hit on iowa’s road fund not as bad as feared

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DES MOINES — While Iowa’s transportation revenue has been reduced with less driving during the COVID-19 pandemic, state planners say the negative impact has been less than feared and they likely won’t delay highway improvements and other construction projects they expected to complete during fiscal 2021.Receipts that flowed into the state’s road-use fund from June 20 to Oct. 20 from state taxes on fuel, vehicle registrations and car sales were about $40 million below the $744 million the state Department of Transportation had projected for that period, said Stuart Anderson, director of Iowa DOT’s planning, programming and modal division.While the state’s share is running about 4 percent down from last fiscal year, the drop is nothing like what department officials feared shortly after the coronavirus pandemic hit Iowa in March and Gov. Kim Reynolds’ emergency shutdown order caused a 40 percent drop in traffic on Iowa roads.“Back in the spring when all this started, we really had a lump in our throat,” said Scott Newhard, a spokesman for the Associated General Contractors of Iowa. “But as time progressed it wasn’t as bad as we thought it was going to be.”Since then, Anderson said, overall vehicle traffic on Iowa …

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Fake smuggled goods, flour and finance

fake smuggled goods, flour and finance

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“It tastes awesome,” said a Karachi-based adventure enthusiast who raves about the huge ruby-red Kandahari anaar (pomegranate) he had in Quetta. “The ones I have had here have been fake. I have only found the real deal in Quetta”.

Quetta’s economy is a hodgepodge of different sectors, from the famed pomegranates to smuggled goods. Trading, flour mills, steels mills, mining, and ghee mills are all part of its landscape along with small and medium enterprises that make products such as furniture and local brands of colours.

While the memories of the big brown-patterned pomegranate are sweet, the stories of the famed Nato (North Atlantic Treaty Organisation) market were a tad anti-climatic for the adventurist. “It is all Chinese replicas,” he says when asked about the Nato market which is known to sell smuggled/stolen Nato supplies such as weapon spare parts, helmets, boots, bags, torches, screwdrivers and other military paraphernalia.

‘Not even two people from Balochistan have been able to avail the government’s Rozgar scheme’

“While all the shopkeepers claim it is Nato stuff, you can tell it isn’t. For starters, the quality is really shoddy. A bag will not last you three months. Secondly, Nato supplies …

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CEIBS Soars to #2 Globally in the Financial Times’ 2020 EMBA Ranking

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SHANGHAI, Oct. 26, 2020 /CNW/ — China Europe International Business School (CEIBS) has soared to #2 in the Financial Times’ 2020 ranking of the world’s top 100 EMBA programmes. This is the third consecutive year CEIBS’ Global EMBA has appeared in the top five and is the highest ever ranking for a stand-alone EMBA programme in Asia. In January, the school’s full-time MBA programme was also ranked #5 globally and #1 in Asia for the second consecutive year. The ranking further cements CEIBS’ position as one of the top business schools in the world. CEIBS Soars to #2 Globally in the Financial Times’ 2020 EMBA RankingDue to its strong methodology and broad participation, the FT’s annual ranking is amongst the most widely recognised in business management education. The ranking takes into consideration numerous indicators related to business schools’ academics and diversity, while also tracking students’ career progress, as well as schools’ research and corporate social responsibility efforts.”As China’s economy continues to show resilience in bouncing back from a challenging year, CEIBS has excelled in its role as a bridge for economic and cultural exchange between China and the world, while acting as a platform for business leaders to flourish,” says CEIBS President Wang Hong. “The FT ranking once …

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Nidec Revises Upward Consolidated Financial Forecasts for the Year Ending March 31, 2021

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TipRanks3 Monster Growth Stocks That Have Legs for Future GainsWhich investment strategy has stood the test of time? Growth investing. The pros from Wall Street argue that stocks with outsized growth prospects reflect some of the most compelling plays out there. This growth potential extends beyond the near-term, with these names set to deliver handsome returns through 2020 and beyond. That said, finding stocks that fall into this category can be challenging, to say the least. According to the analysts, one strategy is to take a step back and look at the big picture, focusing on the names that stand to see long-term growth on top of their impressive year-to-date gains. Bearing this in mind, we used TipRanks’ database to pinpoint three growth stocks on the receiving end of significant praise from analysts. All three of these tickers have already achieved serious growth in 2020, and are primed to keep climbing higher. Penn National Gaming (PENN) First up we have Penn National Gaming, which owns and operates gaming and racing facilities as well as has video gaming terminal operations throughout the U.S. This name has already soared 146% year-to-date, but some Wall Street analysts believe there’s plenty of fuel left in …

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Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2020

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TipRanks3 Monster Growth Stocks That Have Legs for Future GainsWhich investment strategy has stood the test of time? Growth investing. The pros from Wall Street argue that stocks with outsized growth prospects reflect some of the most compelling plays out there. This growth potential extends beyond the near-term, with these names set to deliver handsome returns through 2020 and beyond. That said, finding stocks that fall into this category can be challenging, to say the least. According to the analysts, one strategy is to take a step back and look at the big picture, focusing on the names that stand to see long-term growth on top of their impressive year-to-date gains. Bearing this in mind, we used TipRanks’ database to pinpoint three growth stocks on the receiving end of significant praise from analysts. All three of these tickers have already achieved serious growth in 2020, and are primed to keep climbing higher. Penn National Gaming (PENN) First up we have Penn National Gaming, which owns and operates gaming and racing facilities as well as has video gaming terminal operations throughout the U.S. This name has already soared 146% year-to-date, but some Wall Street analysts believe there’s plenty of fuel left in …

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DP World set for ‘relatively stable financial performance’ this year, chairman says

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Globe NewswireBasilea presents preclinical data on anti-angiogenic activity of derazantinib at ENA 2020Basel, Switzerland, October 26, 2020 Basilea Pharmaceutica Ltd. (SIX: BSLN) today reported that data on the anti-angiogenic activity of the fibroblast growth factor receptor (FGFR) inhibitor derazantinib were presented at the 32nd EORTC-NCI-AACR (ENA) Symposium on Molecular Targets and Cancer Therapeutics, that took place as a virtual event on 24-25 October, 2020. In addition to FGFR1-3 derazantinib also inhibits the vascular endothelial growth factor receptor 2 (VEGFR2). The presented data from several preclinical models demonstrate that derazantinib has an anti-angiogenic effect, which may contribute to its overall anti-tumor activity in FGFR-driven cancers. The prevention of new blood vessel formation (anti-angiogenesis) is an established approach in cancer therapy as it deprives the growing tumor from oxygen and nutrients. VEGFR2 is a primary target for anti-angiogenic agents in the treatment of cancers. Dr. Laurenz Kellenberger, Chief Scientific Officer, said: “Our development strategy for derazantinib is focused on strengthening the evidence for its differentiation versus other FGFR inhibitors. The preclinical data on derazantinib’s anti-angiogenic activity presented at the conference show that it may provide additional activity on top of its established primary anti-tumor effects in FGFR-positive solid tumors. Based on its unique kinase …

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Congratulations Brussels for capturing EU states financial sovereignty – CityAM

congratulations brussels for capturing eu states financial sovereignty – cityam

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The European Union achieved spectacular market success this month when it launched its new “Support to mitigate Unemployment Risks in an Emergency” bond programme (SURE). The €100bn programme will be used by the EU to support member nations addressing pandemic job security and social welfare weakness over the next year.  The first €17bn bond issue off the SURE programme achieved perhaps the largest order book for a financial asset in history: €233bn in demand from investors. Read more: Deja vu: Eurozone businesses back in decline as Covid cases jumpThat could mean a number of things — that investors just love the EU, or most obviously that the deal was mispriced too cheaply. And the 10-year bond tranche was sold at a negative yield.But credit where credit is due, the deal’s success is truly remarkable. No doubt it will win every Debt Capital Award there is (yes, there are such things). It represents a real turnaround for the EU, which actually managed to agree an initiative to finance jobs and growth, and got the plan underway.The staggering demand for the bond also highlights just how easily nations are financing the emergency costs of the pandemic in today’s ultra-low …

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Harrowgate Project From Shift Capital Showcases Versatility Of C-PACE Financing

harrowgate project from shift capital showcases versatility of c-pace financing

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A new development and its use of a new financing tool have the potential to be a template for introducing more environmentally sustainable elements to nearly all forms of commercial real estate.

Courtesy of Shift Capital

A rendering of Shift Capital’s J-centrel mixed-use development in the Harrowgate neighborhood of Philadelphia

Shift Capital last year announced the beginning of its J-centrel project in the Harrowgate neighborhood, on the opposite side of Kensington from Fishtown. Like all of Shift’s projects to date, J-centrel is the redevelopment of a historic but rundown factory building into a mixed-use project with multiple features designed to proactively benefit local residents. 
Shift realized upon gaining access to the building to begin work that it would require more time and money than initially estimated, Shift Vice President of Development Maria Sourbeer said at Bisnow’s Philadelphia C-PACE: How To Close A Deal webinar on Thursday. Meanwhile, Philadelphia City Council had recently passed legislation allowing the use of C-PACE, or commercial property-assessed clean energy, financing. Sourbeer sensed an opportunity.
“Coming from a nonprofit background, I’m used to having my ear to the ground for different financing [opportunities],” Sourbeer said.
C-PACE, the commercial-specific form of the more general …

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