It has become regular practice for companies to provide “guidance“ along with the company’s earnings. Guidance is a relatively new term that describes an old practice of predicting business expectations. Here we’ll take a look at this age-old tradition, discuss the good and bad points, and examine why some companies are saying “no more” to earnings
Month: March 2022
Kyle BassThe Russia’s unprovoked war against Ukraine is not a death knell for globalization but should be a wake-up call about the risks of investing in countries that aren’t democracies, Texas hedge fund manager Kyle Bass said on CNBC on Thursday, “You don’t have to paint it with that broad of a brush,” the founder
The White House announced a “historic release” of about 180mn barrels of oil from the US emergency stockpile in a bid to cool crude prices, saying it would punish some domestic oil companies that do not increase drilling. The new release of 1mn barrels a day is by far the biggest ever announced and will
Shares in Sir Martin Sorrell’s digital advertising company, S4 Capital, slid further on Thursday, as concerns grew that a second delay in publishing its financial results indicated a potential problem with the accounts. The London-listed group’s share price fell as much as 14 per cent on Thursday, following a decline the previous day that wiped
JPMorgan Chase CEO Jamie Dimon reaped another windfall.Bloomberg News Jamie Dimon just received almost $56 million of JPMorgan Chase’s stock, before taxes, from an incentive program the bank valued at less than half that much just three years ago. The CEO collected 398,708 shares last week from a performance award dating to January 2019, according
In this article BIDU A pedestrian wearing a protective mask walks past a Walgreens store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Walgreens — The drug store chain fell about 5% after the company reported its quarterly results. Despite recording a
Sharing is Caring! by David Haggith And I’m kind of glad to see it happen. Having seen the bursting of the bond bubble coming, I stepped out of the way financially (no money in stocks or bond funds) to watch the plunge from the sidelines during what has turned suddenly into an epic plunge in bond
Recording artists Snoop Dogg and Billy Ray Cyrus have teamed up to release a new smash single, “A Hard Working Man.” The hip hop-country mashup, produced by the legendary Avila Brothers, will debut on April 2 during Grammy weekend in Las Vegas. Cyrus’ 2019 hit remix of “Old Town Road” with rapper Lil Nas X
Aspen’s spring market remains strong, with eager buyers bidding on what few properties are available. Inventory, particularly new construction, is so low that buyers are now looking at older properties to update and renovate. Ann Abernethy, a broker associate at Slifer Smith & Frampton Real Estate in Aspen, offers an on-the-ground look at current market
Getty Images For most Americans, the surging cost of living is weighing heavily on their wallets. “Wage growth has failed to match the dizzying pace of rising prices, which the Federal Reserve has effectively identified as ‘monetary policy enemy No. 1,'” said Mark Hamrick, senior economic analyst at Bankrate.com. After the Fed raised interest rates for the
Solana extended recent gains, as it continued to cement its place as the world’s sixth-largest cryptocurrency. ZIL also rose on Thursday, following yesterday’s 50% increase in its value. All of this came as WAVES jumped by as much as 15% during the session. Zilliqa (ZIL) Although solana (SOL) was higher for a third straight session,
The difference between a big tax bill at the end of the year and a rebate often comes down to two very important steps. For the self-employed, rebates require proper planning throughout the year, making sure you’re paying (without overpaying) the IRS every quarter. Second, it demands that you’re taking the right exclusions, deductions and
Bountiful revenue will probably keep Texas out of the short-term note market for a second year in a row, delaying a test on how pro-firearm policies that have sidelined a few big underwriting firms in Texas could impact pricing, according to Glenn Hegar, the state’s comptroller. A law that took effect Sept. 1 in Texas
Recent exploration drilling and a review of mine engineering designs in 2020 and 2021 supports the development of an open pit mine, at the completion of the 55 Zone underground mine, which includes the mining of near surface mineralization remaining in the crown pillar and remnant mineralization from earlier underground mining. Open pit mining would
Russia has just made some moves that are going to change the global financial system forever… by Michael Snyder of The Economic Collapse Blog Russia has just made some moves that are going to change the global financial system forever. When the conflict in Ukraine originally erupted, the U.S. immediately attempted to crash the value
The U.S. government incurs debt when it issues Treasury securities to fund the deficit between the amount of money that it receives in taxes and other revenues versus the amount of money that it spends on defense, welfare programs, the interest it pays on its current debt, and more. As of March 2022, the government’s
Financial institutions will be expected to publish estimates of the carbon emissions linked to their loans and investments, under draft international standards aimed at eliminating greenwashing by companies. The International Sustainability Standards Board was established during last November’s COP26 climate summit following concern about the lack of transparency around companies’ environmental and social impacts, and
In a country better known for eco-tourism and peaceful stability in a turbulent region, Costa Rica’s presidential campaign has been an unusually negative one. Neither Rodrigo Chaves or rival José María Figueres has been widely embraced by the electorate ahead of the presidential run-off due to take place on Sunday. In the first round in
Interaxis and CPE World, two digital asset education companies, are merging to form a comprehensive platform to teach financial advisors and accountants how to incorporate cryptocurrencies into their practices. Interaxis began in 2019 as a YouTube channel for Adam Blumberg, a certified financial planner, and Ron Rixon, a financial analyst, to explain the world of
In this article CHWY MU LULU RH FIVE BNTX Check out the companies making headlines before the bell: BioNTech (BNTX) – The drug maker’s shares jumped 5.9% in the premarket after reporting significantly better-than-expected revenue and profit for the fourth quarter. BioNTech also reiterated its prior vaccine revenue guidance for 2022. Five Below (FIVE) –
Bitcoin (BTC) has already netted its biggest new buyer almost $200 million in profit from price increases, data suggests. Analysis of the wallet related to Blockchain protocol Terra reveals that since it began amassing BTC in Q1 this year, it is up $165 million. Terra co-founder rejects idea LFG moved BTC price The Luna Foundation
Miami’s Aston Martin Residences announced recently the 391-unit building has surpassed 90% in sales, beating its own records for both January and February closings with prices continuing to see an upward trend. The two months combined closed over $100 million in sales, with more still under contract, leaving fewer than 40 units available in the
Buying a house can be expensive. The typical U.S. home will set you back $331,533, according to Zillow, up 20% in the last year. But the mortgage amount most likely won’t cover all of the upfront costs homebuyers will face. Check out this video for a full breakdown of what costs to expect and how
A major cryptocurrency exchange in the UAE, Bitoasis, has obtained provisional approval from Dubai’s new cryptocurrency regulator. Binance and FTX have also been green-lighted by the regulator. Bitoasis Pursuing License From Dubai’s New Crypto Regulator Bitoasis, a major crypto exchange founded and headquartered in Dubai, announced Wednesday that it has received “provisional approval” from Dubai’s
Parents often want to be fair with their adult kids and may want to appoint them together on legal documents when they do their estate planning. That means that the adult children will have “equal decision-making ability” on things like the Power of Attorney for finances or the Advance Healthcare Directive (aka power of attorney
Municipal bond advocates are warning that a new global minimum tax could diminish demand for tax-exempt debt. And while the details remain unclear, President Joe Biden’s new budget may feature a fix, one that could require Congressional action on tax-exempt interest. At issue is a new minimum global corporate tax rate of 15%, a deal
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The gold market could see a $100 drop as its geopolitical safe-haven premium weakens after Russia said it would scale
The price of gold failed to make new all-time highs in March, but is gold likely to make new all-time highs in April? by Craig Hemke via Sprott Money News The month of March has been a wild one for the COMEX digital metals, and despite the war in Ukraine, this is not unusual. But
A wash sale is a transaction in which an investor sells a losing security to claim a capital loss, and within 30 days before or after the sale you Buy substantially the same securities, Acquire substantially the same securities in a fully taxable trade, or Acquire an option to buy substantially the same securities. Some
The US continued to express doubt that Russia was curtailing its military ambitions in Ukraine despite new Kremlin claims that it was wrapping up operations around Kyiv and had made progress in peace talks with Ukrainian negotiators. Russia’s defence ministry on Wednesday insisted it was withdrawing from population centres in Ukraine’s north and west, including
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