Think Again: The Power of Knowing What You Don’t Knowby Adam Grant, WH Allen £20/Viking £28 Grant invites readers to take a scientific approach, learning from mistakes and adapting to new evidence in pursuit of self-improvement and better exchanges of ideas. This is a thoughtful and research-packed invitation to maintain an open mind and, where
Investing
Law enforcement has crime scene investigators to tell them the significance of a bloody fingerprint or a half-smoked cigarette, but investors are often left to their own devices when it comes to trying to figure out whether an accounting crime has taken place and where the fingerprint might be. Now more than ever, investors have
Armin Laschet, frontrunner to become Germany’s next chancellor, has warned of the dangers of a new cold war against China, agreeing with Angela Merkel that Beijing was as much a partner as a systemic rival. Laschet was speaking to the Financial Times after US president Joe Biden’s first official trip to Europe, which was dominated
Net flows into inflation-linked exchange traded products, which aim to protect investors from the ravages of monetary debasement, hit a record $4.4bn in May — even before it emerged that core US consumer price inflation hit a 29-year high that month. In just five months of 2021, the $18bn in net flows into linker ETPs
A good financial advisor acts as a fiduciary who can help you with various financial tasks such as estate planning and investing. If your financial advisor is not meeting your expectations, it might be time for a new one. Breaking up can be hard to do. That’s particularly true when it comes to your financial
A blank-cheque company backed by hedge fund billionaire Bill Ackman is to buy a 10 per cent stake in Universal Music Group, Taylor Swift’s label, for $4bn, it confirmed on Sunday. As part of the transaction, a first of its kind for a special acquisition company, Pershing Square Tontine Holdings, Ackman’s investment vehicle, will distribute
The cost of the HS2 high-speed railway line has increased by a further £1.7bn over the past year, as Covid-19 delays put further strain on the UK’s biggest infrastructure project. Work was temporarily suspended at most HS2 sites at the start of the pandemic, while social distancing measures have caused access delays and reduced productivity,
What Is the FDIC? The Federal Deposit Insurance Corporation (FDIC) is an independent agency that provides deposit insurance for bank accounts and other assets in the United States if financial institutions fail. The FDIC was created to help boost confidence in consumers about the health and well-being of the nation’s financial system. Although most people
Stewie the Yorkie Chihuahua is seen outside the New York Stock Exchange ahead of the IPO for Chewy Inc., June 14, 2019. Andrew Kelly | Reuters Given the current financial landscape, how can investors spot compelling plays? One strategy is to look for stocks that boast strong upside potential through 2021 and beyond. The names
The last time Berhanu Nega ran for office, in 2005, he performed so well that he ended up in jail. The then ruling Ethiopian People’s Revolutionary Democratic Front, rattled by a strong opposition showing, declared a state of emergency, fabricated the results and threw Berhanu, who had been elected mayor of Addis Ababa, into prison.
This weekend Americans celebrated Juneteenth for the first time as a national holiday, but for many black Americans the festivities were bittersweet. For decades, the historical significance of June 19 was little known outside select regional pockets and some intellectual circles, even among black Americans. I was 20 years old when I first heard about
Compiled vs. Certified Financial Statements: An Overview All publicly traded companies in the U.S. must provide regular financial statements to their investors and to the public. This information is required by law by the Securities and Exchange Commission (SEC). These statements give investors a financial snapshot of a company’s immediate past performance. Financial results are
The primetime English-language news show by China’s state broadcaster was about to go on air when a copy editor in Beijing was handed a script that needed an urgent last-minute polish. Gary Anglebrandt’s job at China Global Television Network was to check for errors in grammar and spelling before passing the text to the on-duty
The Port of Dover is taking legal action to overturn an “irrational” government decision not to fund a £33.5m project to build more passport check points which it says are needed to cope with post-Brexit immigration controls. The UK channel port, which handles more EU lorry freight than all other UK ports combined, has won
A Health Savings Account (HSA) is like a personal savings account, but it can only be used for qualified healthcare expenses. To be eligible, you must be enrolled in a High-Deductible Health Plan (HDHP). HSAs also have tax advantages, but there are some disadvantages to consider. Key Takeaways A Health Savings Account (HSA) can help
Britain’s fourth-largest supermarket chain Wm Morrison said on Saturday evening that it had rejected an unsolicited £8.7bn takeover bid from US private equity group Clayton, Dubilier & Rice. The statement came in response to press reports from Sky News and the Financial Times that prompted CD&R to confirm that it “is considering a possible cash
Northern Ireland’s embattled Democratic Unionist Party has set June 26 as the date to elect its third leader since the end of May, as it tries to end a chaotic period of infighting that has imperilled the region’s devolved government. Edwin Poots was forced out as the DUP’s leader on Thursday evening after defying his
The cost of health care is overwhelming. Even with insurance, individuals and families often find themselves spending a significant amount of money on medical costs. The average family of four with employer-provided insurance and an income of $100,000 will likely pay $12,500 in health care expenses. This equates to roughly 13% of the family’s income.
Emma Walmsley, GlaxoSmithKline chief executive, faces a struggle to win over key shareholders after Elliott Management attracted converts for radical change at the pharma group, according to leading investors. Ahead of GSK’s investor day next week, activist investor Elliott has sown doubt about whether Walmsley should stay to push through the transformation planned for the
Nathan Anderson has achieved enough notoriety digging into alleged corporate fraud that he knows he may be persona non grata at New York parties. “I don’t lead with, ‘hello, my name is Nate and I’m a short seller’,” the Hindenburg Research founder says. “That’s a pretty good way to get ejected from any party or
Interested in a relatively painless way to save money and lower your tax bill? Look no farther than your next paycheck. There are several strategies that all working people should consider that can lower their taxes and help them save money for retirement. In this article, we give you the basics of payroll deductions and
In April, Corinne and Colin Westacott spent three days cleaning and preparing their house before taking a leap of faith. It was their first home-exchange holiday. The couple, recently retired from jobs in television, had signed up to various “house swap” websites before the pandemic with the aim of arranging a three-month stay in France.
At the lowest point in May, more than 80 per cent of the Japanese public wanted the upcoming Olympics cancelled or postponed, almost nobody in the country was vaccinated and medical experts were lining up to call the games an intolerable Covid-19 risk. Despite the intense pressure on Tokyo 2020, Japan has not yet come
Accountants usually only make the headlines or have their stories told on the big screen for the misdeeds in which they have played a part. These four films bring to light some of the darkest examples of greed and corruption and show how important ethics are to maintaining a financial system that is constantly hanging
Damien Vanderwilt, co-president of Galaxy Digital, Mike Novogratz founder of Galaxy, and Chris Ferraro, co-president of Galaxy Source: Galaxy Digital Goldman Sachs‘s efforts to help hedge funds and other big institutional clients wager on bitcoin have taken a step forward. The bank has begun trading bitcoin futures with Galaxy Digital, the crypto investment firm founded
Stocks on Wall Street were headed for their worst week in nearly four months in the wake of comments from Federal Reserve policymakers that signalled the US central bank was acutely aware of budding inflationary pressures. The benchmark S&P 500 slid 1 per cent on Friday, taking its losses for the week to 1.6 per
Northern Ireland’s Democratic Unionist party is likely to choose Westminster MP Sir Jeffrey Donaldson as its next leader within a fortnight, as the DUP tries to draw a line under a crisis that has destabilised the region’s government. Donaldson narrowly lost out to Edwin Poots in a May contest to select a successor to incumbent
Baidu vs. Google: An Overview As Google (GOOGL) maintains its stronghold in the global internet search arena, Baidu, Inc., (BIDU) has the upper hand in China, with 72.37% of the nation’s market share as of May 2021. Google China, a subsidiary of Google, ranked fourth in China’s online search market, with a 1.95% share. Both
The “reflation trade” that has dominated financial markets since the emergence of coronavirus vaccines last year has been pummelled after the Federal Reserve unexpectedly signalled a shift in its stance on inflation. Commodity prices have tumbled while long-dated US government bond prices raced higher after the Fed earlier this week reacted to unexpectedly strong inflation
BlackRock has set a goal for half of its US ETF flows to come from adviser models, executives have said, adding that the manager has been investing in the products, technology tools and distribution relationships to make that happen. Last year, about a third of BlackRock’s US ETF net sales came from a range of packaged