Markets News 

‘Sustainable seafood’ dealer duped Rick Bayless, other chefs across the U.S.

“The U.S. seafood market is worth an estimated $17 billion a year, with imports making up more than 90 percent of that” writes Margie Mason for suntimes.com. The AP staked out America’s largest fish market, followed trucks and interviewed fishermen who worked on three continents.He also learned that Sea To Table was buying halibut from the fish market, which relies heavily on imports. Source: suntimes.com Share This:

Read More
News 

Credit availability, interest rates on dealers’ minds

“Last year, rising interest rates were No. 12 overall and No. 13 among franchised dealers, not even a factor, Smoke said” writes Jackie Charniga for autonews.com. But rising interest rates could quickly outpace other factors that present challenges for customer financing.Climbing interest rates was the No. 8 worry for franchised dealers and No. 6 overall.Higher interest rates lead to higher payments, which eventually make vehicles unaffordable for some consumers, he said.Among franchised dealer respondents, 21 percent mentioned interest rates in the current index, up from 4 percent a year ago. Source:…

Read More
Markets News 

How to leverage the best of both worlds

“However, as the industry evolves, resistance to new technology and the companies that introduce it could alienate customers and reduce a dealership’s market share” writes Jackie Charniga for autonews.com. As the desire for off-site car deliveries increases, technology that extends the reach of the F&I process can help dealerships maximize product penetration.Today, Microsoft’s role in the market is to provide cloud-based software for dealership vendors, such as Dominion Dealer Solutions, a DMS provider.Rebranding the process as a white-label dealership solution triggered growth for the startup, which has dealership partners in…

Read More
Crypto News 

Crypto exchange Coinbase acquires securities dealer Keystone Capital

“Buying Keystone also raises the prospect that Coinbase could, down the line, expand into products tied to stocks or other securities” writes Paul Vigna for marketwatch.com. Coinbase, one of the leading cryptocurrency and bitcoin businesses, is acquiring a securities dealer that the company hopes will allow it to expand into the red-hot coin-offerings market.Keystone is a Finra-registered broker-dealer, and it has licenses to operate as a registered investment adviser, as well as to run an alternative trading system, or ATS. Terms of the deal weren’t disclosed. Source: marketwatch.com Share This:

Read More
News 

Tidal Calls Norwegian Report ‘Smear Campaign’ by Publication That Once Called Jay-Z a ‘Crack Dealer’

“We have through advanced statistical analysis determined that there has in fact been a manipulation of the [TIDAL] data at particular times,” the report stated” writes Billboard Staff for billboard.com. “This is a smear campaign from a publication that once referred to our employee as an ‘Israeli Intelligence officer’ and our owner as a ‘crack dealer,’” a Tidal rep told Billboard when reached for comment.Dagens Næringsliv, a Norwegian newspaper, published a report on Wednesday claiming to be based on information found in a hard drive containing “billions” of rows of…

Read More
News 

Antiques dealer jailed for life for strangling daughter as wife says he should have killed himself 

“A wealthy antiques dealer, who strangled his seven-year-old daughter, should have killed himself rather than her, his devastated wife has said” writes Crime Correspondent for telegraph.co.uk. In a statement, she said: “I don’t care about him as he killed our beautiful daughter.She added: “Sophia was a beautiful, loving, active, adventurous, brave and outgoing girl. Source: telegraph.co.uk Share This:

Read More
News 

Madonna loses legal battle to prevent auction of Tupac letter and other personal items

“Madonna on Monday lost a nearly year-long bid to stop an auction of intimate items, including a breakup letter from rap legend Tupac Shakur” writes Telegraph Reporters for telegraph.co.uk. A judge ruled that the Material Girl had directed her legal action against the wrong target in going after Darlene Lutz, a New York art dealer who helped Madonna build a collection before falling out with her.Ms Lutz had been the main source for 22 items, including love letters, cassettes and a hairbrush, that were up for sale by auction house Gotta Have…

Read More
News 

Congress could repeal CFPB’s auto-lending guidance

“In October, the Government Accountability Office said the 2013 CFPB auto lending bulletin should be considered a rule subject to the Congressional Review Act, which means Congress has the power to revoke it” writes Hannah Lutz for autonews.com. If Congress passes the resolutions, Welch added, the CFPB could not reissue a new guidance in the same form without authorization by Congress, which would halt the push to limit or eliminate dealer reserve.The U.S. Senate is expected to vote in coming days on a resolution that would rescind the Consumer Financial…

Read More
News 

Prime vaults into top 15 on dealer list

“Westwood, Mass.-based Prime Automotive Group bounded into the top 15 on Automotive News’ annual Top 150 Dealership Groups list, which ranks dealership groups based in the U.S. by new-vehicle retail sales” writes James B for autonews.com. Ten dealership groups climbed 10 or more rungs in the latest ranking, while seven fell 10 spots or more. Source: autonews.com Share This:

Read More