Tag: Florida

  • Wells Fargo Is the Go-To Bank for Gunmakers and the NRA

    Wells Fargo & Co. has emerged as the preferred financier for the U.S. gun industry. The bank has helped two of the biggest U.S. firearm and ammunition companies access $431.1 million in loans and bonds since December 2012, when the gun control debate gained steam after the school shooting in Newtown, Connecticut, according to data compiled […]

  • Remingtons Bankruptcy May Be the Tip of the Iceberg

    Firearms companies face declining sales, falling stock prices and tremendous debt. Gunmaker American Outdoor Brands Corp., formerly known as Smith & Wesson, has seen its stock plummet by almost half from 2017. On Monday, Remington Outdoor Co., an iconic, 200-year-old American firearms manufacturer, announced it’s planning to file for bankruptcy.   With Republicans in control of Washington, there’s little […]

  • The Inventor of Prepaid Debit Cards Is Going Mobile

    It was 2012, and payment systems entrepreneur Steve Streit could see that banking was moving to mobile. He also knew that his company couldn’t get there in time. In what may have seemed like an unorthodox move, Streit, the founder and chief executive officer of the country’s largest prepaid card provider, Loopt for $43 million—not […]

  • Survival Mode Defines Puerto Rico One Month After Maria

    A month after Hurricane Maria leaving for the mainland. At this stage in the recovery from the Category 4 storm, many find the current state of the U.S. commonwealth — home to some 3.4 million American citizens — unthinkable. “I just haven’t seen a situation where people don’t have access to basic services for so […]

  • Distressed Investors Are Already Buying Houston Homes for 40 Cents on the Dollar

    Bryan Schild drives through the byways of Houston looking for what could be the investment opportunity of a lifetime: homes selling for as little as 40¢ on the dollar. “We Pay Cash For Flooded Homes $$$$$$$$ Don’t fix it, sell it. Quick close,” read the signs piled in the back seat of his Ford pickup. […]

  • Amazon’s Sales Tax Fight Is Heating Up as States Crack Down

    Amazon shoppers will probably pay sales tax on more of their purchases this holiday season.  Right now, consumers pay tax on goods purchased directly from Amazon, but they don’t in many cases if they buy from third-party merchants on the e-commerce giant’s marketplace. That could change on Dec. 1, when some merchants are expected to start collecting taxes in […]