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
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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
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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,
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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
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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
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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
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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.
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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
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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
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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.
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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
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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
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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
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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
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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
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