Online lender OnDeck quarterly profit nearly doubles

(Reuters) – Online lender OnDeck Capital Inc on Tuesday reported quarterly adjusted profit that nearly doubled, as the online lender dispensed more loans and earned more interest income. Adjusted net income rose to $15.9 million, or 20 cents per share, in the fourth quarter ended Dec. 31, compared with $8.1 million, or 10 cents per share, a year earlier. reut.rs/2Ia0Euh […]

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New York ride-sharing cap leads to higher prices, longer wait times: Lyft

Will NYC cap on Lyft, Uber cars lead to longer waits, higher prices? Lyft Vice President of Public Policy Joseph Okpaku on New York City’s decision to put a cap on the number of Lyft and Uber vehicles. Ride-hailing service Lyft told FOX Business that New York’s decision to place a cap on the number of Uber and Lyft cars […]

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What Are Market Cap Mutual Funds?

Mutual funds seek to align strategies with specific market segments, outlined for investors in the fund’s prospectus. Many popular funds focus on a broad index, such as the SP-500 or Russell-2000, while others concentrate on income, sector or market capitalization. Capitalization funds work especially well with targeted holding periods because long-term market behavior tends to track specific capitalization levels, whether […]

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