Investing

The UK competition watchdog has recommended an in-depth investigation into Nvidia’s planned $54bn takeover of British chip designer Arm, saying there are “serious competition concerns” about the deal. The Competition and Markets Authority (CMA) on Friday published the findings of a report to the government in which it said the deal could “stifle innovation across

Leaders of the Scottish National party and Scottish Greens have reached a power-sharing deal that will create a governing majority in the devolved parliament in Edinburgh, adding potential pressure on the UK government to approve a second independence referendum. People familiar with the situation said details of the agreement, which is the first involving a

The Walt Disney Company is a global entertainment company that operates a broad range of businesses, including theme parks, resorts, a cruise line, broadcast TV networks, and related products. Disney also produces live entertainment events and produces and streams a wide range of film and TV entertainment content through its relatively new digital streaming services. The Walt

New Zealand extended its pandemic lockdown until late August, while the governing body of the nation’s rugby union teams called off several upcoming matches at home and in Australia. The national lockdown has been extended until at least August 24, Prime Minister Jacinda Ardern said on Friday. New Zealand this week reported its first Covid-19

Elon Musk’s SpaceX revealed new details about plans for the next-generation of satellites in its Starlink internet system in federal filings on Wednesday, including that the company intends to use its massive Starship rocket as the primary vehicle to deliver the spacecraft to orbit. SpaceX filed an amendment with the Federal Communications Commission that included

Taliban fighters have allegedly killed the relative of a Deutsche Welle journalist in Afghanistan, the German state broadcaster said, as the Islamist militants intensified their hunt for reporters, dissidents and people associated with western forces or the former government. Deutsche Welle said that the Taliban conducted a house-to-house search for the journalist, was not identified

Accrual Accounting vs. Cash Basis Accounting: An Overview The main difference between accrual and cash basis accounting lies in the timing of when revenue and expenses are recognized. The cash method is a more immediate recognition of revenue and expenses, while the accrual method focuses on anticipated revenue and expenses. Key Takeaways Accrual accounting means revenue and

In this article SCHW A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Brokerage Charles Schwab is giving most of its employees a special 5% pay raise as record stock market levels propel the industry’s earnings. CEO Walt Bettinger said Thursday

The chip shortage hobbling the auto industry has worsened as a wave of coronavirus cases spreads across south-east Asia, with three of the world’s largest carmakers announcing new disruptions on their assembly lines. Toyota, the world’s largest carmaker, said it would slash its global production by 40 per cent in September. US-based Ford said one

Clayton, Dubilier & Rice has increased its offer for Wm Morrison to 285p per share, in the latest round of a protracted bidding war for the UK’s fourth-largest supermarket group that highlights the appeal of British companies to private equity firms. The offer is a substantial increase from the previous 230p approach that Morrisons rejected

There are a number of pros and cons investors should be aware of when it comes to money market funds. In this article, we’ll take a look at these ups and downs. Money Market Funds: An Overview Money market investing carries a low single-digit return. When compared to stocks or corporate debt issues, the risk

In this article HOOD Newly public stock trading app Robinhood is not looking to do a secondary offering to take advantage of its retail investor-driven share price rise, according to the company’s chief financial officer. “It doesn’t resonate with me to call Robinhood a meme stock,” Robinhood CFO Jason Warnick told CNBC’s Kate Rooney on “Squawk

Two US officials working in Germany have sought medical treatment after complaining of symptoms similar to those related to the so-called Havana syndrome, according to a person familiar with the matter. The syndrome is named after the Cuban capital, where employees of the CIA and US state department first complained of unusual sound and pressure

This week, Facebook invited journalists into its vision of the future office. Instead of attending in person or dialling in via Zoom, reporters donned headsets and used digital avatars of themselves to attend the company’s first media event exclusively in virtual reality. The gimmick marked the launch of Horizon Workrooms, a new free Facebook app

Does the debt from your college days seem overwhelming? You’re not alone: Student loans in the U.S. total more than $1.6 trillion. That’s second only to the size of the nation’s mortgage debt. Ironically, the burden of student loans is making it harder for college graduates to buy a home. Politicians are debating what to

Goldman Sachs’ asset management unit has agreed to buy Dutch insurer NN Group’s investment management arm for about €1.6bn, marking the Wall Street bank’s largest acquisition since David Solomon became chief executive in 2018. The deal for NN Investment Partners, which has $355bn of assets under management, will significantly expand Goldman’s presence in European asset

State-backed Chinese investors will bail out Huarong Asset Management, as the under-pressure bad debt manager unveiled losses of Rmb103bn ($15.9bn) after months of uncertainty over its finances. The state-owned company said late on Wednesday that Citic, the Chinese bank, fellow bad debt manager Cinda Asset Management, China Insurance Investment, China Life Asset Management and Sino-Ocean

Your retirement accounts can end up in probate after you die. But if you choose your beneficiaries strategically, you can avoid that cumbersome and costly fate—and save your heirs a lot of hassle. Here’s what you need to know. Key Takeaways Retirement account assets don’t have to go through probate if you designate beneficiaries properly. It’s

The Securities and Exchange Commission has sued three former Netflix engineers over insider trading, alleging they made more than $3m in profits by trading on subscriber numbers before they were released publicly. As the entertainment business has moved towards streaming rather than traditional television, subscriber growth has become the most important metric for Wall Street

The people of Afghanistan are facing “dire” financial prospects, the former head of its central bank has warned, cautioning that an acute shortage of dollars and higher inflation will fuel the flow of migrants out of the country. Ajmal Ahmady, who escaped Kabul on Sunday, told the Financial Times that Afghanistan had been dependent on

What Is Money Laundering? Money laundering involves three basic steps to disguise the source of illegally earned money and make it usable: placement, in which the money is introduced into the financial system, usually by breaking it into many different deposits and investments; layering, in which the money is shuffled around to create distance between

Sportradar Group, the betting data provider, is planning an initial public offering in New York as it seeks to expand on the back of legalisation of sports betting in the fast-growing US market. Carsten Koerl, chief executive and founder of the Switzerland-based company, said in a statement that new betting markets such as the US

UK house prices in June rose at the fastest pace since 2004 as buyers raced to complete ahead of the winding down of the stamp duty holiday, while demand for larger properties outside London remained. Average house prices jumped 13.2 per cent in the 12 months to June 2021, up from an annual rate of

Investment Banking vs. Investment Management: An Overview Plenty of undergraduate finance majors and master of business administration (MBA) students consider pursuing a career in investment banking or investment management, two intensely competitive fields in the finance industry, after receiving their degrees. These professions offer some of the highest starting salaries in the field, and there’s

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Bill Ackman’s troubled SPAC was hit with a lawsuit Tuesday that alleged the blank-check company promised “staggering compensation” to directors, and asked that the entity’s special status be revoked. The lawsuit’s plaintiffs — former Securities and Exchange Commission commissioner Robert Jackson

President Xi Jinping has called for stronger “regulation of high incomes” in the latest sign that a 10-month campaign targeting China’s largest technology companies was rapidly expanding to encompass broader social goals. State media reported that a meeting of the Chinese Communist party’s Central Financial and Economic Affairs Commission on Tuesday, chaired by Xi, had

The Biden administration scrambled to put a botched evacuation of Afghanistan back on track yesterday following chaos and violence at Kabul international airport. In an attempt to project competence after the Taliban seized control of the country from the Afghan military, the White House said it had secured the airport and would speed up the

Last week, I discussed some troublesome headlines for Google parent Alphabet Inc. (GOOG, GOOGL) and Apple Inc. (AAPL). I went over the recent Senate bill trying to level the playing field for third-party app stores on Apple’s iOS and Google’s Android platforms. If you’re worried about those stocks, check out that article if you haven’t. Today,

In this article SPIR Spire CEO Peter Platzer rings the opening bell of the New York Stock Exchange (NYSE) during their listing in Manhattan, New York City, U.S., August 17, 2021. Andrew Kelly | Reuters Small satellite builder and data specialist Spire Global began trading on the New York Stock Exchange on Tuesday, becoming the

The Biden administration scrambled to put a botched evacuation of Afghanistan back on track on Tuesday as it admitted its original plans needed to be changed following chaos and violence at Kabul’s international airport. In an attempt to project competence after the Taliban swiftly took control of the country in the face of a crumbling