Foreign-exchange (forex) trading consists of buying and selling world currencies, and the marketplace is among the most liquid in the world. Forex trading is unique because individual investors can compete with large hedge funds and banks—they just need to set up the right account. There are three main types of trading accounts—standard, mini, and managed—and
Investing
A Starlink user terminal being set up. SpaceX SpaceX wants to begin connecting moving vehicles – from cars and trucks to jets and ships – to its Starlink satellite internet network, according to a request the company filed with the Federal Communications Commission. “This application would serve the public interest by authorizing a new class
Greensill Capital has filed for administration, warning it is in “severe financial distress”, unable to repay a $140m loan to Credit Suisse and experiencing “defaults” from its key customer GFG Alliance. Lawyers for Greensill appeared before a UK court on Monday in a move that potentially paves the way for the US private equity group
You thought cryptocurrencies were disruptive? Wholesale adoption of digital euros issued by the European Central Bank could force it to step in to bolster banks in an extreme scenario wargamed by analysts at Mediobanca. Managing retail flows of money has historically been fiddly. Central bankers largely outsourced the job to banks owned by stockholders. As
If you are taking a protected leave of absence from work under the Family and Medical Leave Act (FMLA), you may need to fill out FMLA forms to satisfy your employer’s requirements. The act was signed into law by President Clinton in February 1993. It requires that certain employers allow eligible employees access to unpaid time
One of Hong Kong’s oldest business empires, Jardine Matheson, has announced plans for a sweeping restructuring that is expected to sharply increase its market value but could expose it to hostile bids. Jardine Matheson said it would delist its second-largest unit, Jardine Strategic, in a $5.5bn buyout deal aimed at simplifying a complex, cross-shareholding structure
Bom Kim, the founder of Coupang, South Korea’s answer to Amazon, is expecting his company to soar past a $50bn valuation when it lists in New York this week. But back in Seoul, far away from the glitz of the initial public offering, the ecommerce company, which is backed by the likes of SoftBank, Sequoia
The balance of payments (BOP) is the record of any payment or receipt between one nation and its nationals with any other country. The current account, the capital account, and the financial account make up a country’s BOP. Together, these three accounts tell a story about the state of an economy, its economic outlook, and
Many UK teachers and parents preparing for a mass return of children to classrooms in England from Monday are doing so with “trepidation”. Almost all English pupils will start face-to-face lessons as part of a “big bang” return, defying pleas for a phased restart along with mitigating measures to control attendance levels. The US created
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. Specification: Click to read the article below and then answer the questions: ‘Stealth’ raid on income tax thresholds The standard Personal Tax Allowance (PTA) is £12,500. Explain what this means. Explain what happens to an
For some Americans, health insurance is one of their largest monthly expenses, leading them to wonder what medical expenses are tax-deductible to reduce their bill. As the price of healthcare rises, some consumers are seeking out ways to reduce their costs through tax breaks on their monthly health insurance premiums. If you are enrolled in
Years ago in Beijing, I interviewed the chief executive of a European clean tech company that was a market leader in China at the time. I asked the executive how he saw business going forward, and he said he felt optimistic — the company would be in fourth place within the next five years. I
Joe Biden is on the brink of securing final approval from Congress for his $1.9tn stimulus bill — a bet that massive fiscal intervention aimed at lower and middle class families will speed up America’s recovery without overheating the economy. After the US Senate voted to approve the package on Saturday, the Democrat-controlled House of
How Does Sling TV Work? Those interested in ditching their cable TV service may wish to consider Sling TV, a service that streams live TV from the Internet but without needing a television or clunky cable box. Rather, viewers can use practically any Internet-connected device, including iOS and Android devices, Xbox Ones, Roku boxes, and
London’s population has swelled by nearly 40 per cent since the late 1980s. But the pandemic has applied the brakes. An estimated 700,000 city dwellers have already moved out. More may follow as people re-evaluate where they want to live. Big employers are dabbling with hybrid models that involve working from home. Staff who do
China’s parliament is poised this week to pass a draconian new Hong Kong election law that will sharply reduce the proportion of democratically elected legislators and consolidate President Xi Jinping’s grip on the territory. The move will effectively end decades of democratic development in Hong Kong and comes less than a year after the National
Investors who took an early interest in Bitcoin and held on to their stakes in the cryptocurrency while its price skyrocketed often stood to make an incredible amount of money. Indeed, stories of “bitcoin millionaires” who happened to hold on to an early stockpile of tokens that were acquired before the cryptocurrency phenomenon have inspired countless new investors
The head of the Catholic Church met Iraq’s most eminent Shia Muslim cleric on Saturday in an iconic interfaith meeting on the second day of his historic visit to Iraq. During a 45-minute meeting at Grand Ayatollah Ali al-Sistani’s simple home in Najaf, which the hermetic cleric rarely leaves, Pope Francis thanked the 90-year-old “for
The US Senate has voted to approve Joe Biden’s $1.9tn stimulus legislation, taking the president’s plan to stoke America’s economic recovery a big step closer to its final passage in Congress. The upper chamber of Congress passed the fiscal stimulus legislation by 50 to 49, following party lines with all Democrats voting in favour and
In the earlier days of the digital currency industry, it used to be that individual cryptocurrency miners could make a reasonable profit by setting up their own mining equipment (known as a “rig”) and using a computer to mine for tokens or coins. The mining process, which requires a powerful computing setup in order to
A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Company: Kohl’s Corp (KSS) Kohl’s operates as a retail company in the United States. Its stores and website offer apparel, footwear, accessories, beauty, and home products. The company provides its products primarily under the brand names of Apt. 9, Croft &
During the Democratic National Convention in August, Jill Biden spoke to the delegation from the empty halls of a high school in Wilmington, Delaware, where she once worked as a teacher. “With Joe as president, these classrooms will ring out with laughter and possibility once again,” she promised. This week, she was back in a
Pakistan’s prime minister survived a vote of confidence on Saturday after the shock defeat of his finance minister earlier in the week underscored the fragility of the ruling coalition. Imran Khan took 178 of the 172 votes needed to win after the former cricket captain was forced to seek a vote to prove he had
Capturing trending movements in a stock or other type of asset can be lucrative. However, getting caught in a reversal is what most traders who pursue trendings stock fear. A reversal is anytime the trend direction of a stock or other type of asset changes. Being able to spot the potential of a reversal signals
The row of two-story tall 3D printer bays at the company’s headquarters. Relativity Space The founders of two private rocket-building companies met today – one, the richest person on Earth; the other, leader of a venture pushing the boundaries of manufacturing. Jeff Bezos stopped by the gleaming new “factory of the future” of Relativity Space
The lockdowns have been hard on old friends, banning meetings and turning them into virtual realities. In the garden they have done the opposite. Each week brings old friends back in the flowery calendar. Their reappearance is wonderful, one of the sustaining sights in this hard year. Snowdrops, winter sweet, hellebores and aconites are among
US securities regulators have charged AT&T and three members of its investor relations team with selectively disclosing information to analysts covering the US telecoms company to avoid falling short of Wall Street’s forecasts. The three executives made private one-to-one calls to analysts at about 20 different research groups, the Securities and Exchange Commission alleged on
More than 24 million households in the U.S. have Roth individual retirement accounts, which accounted for $810 billion in retirement assets as of 2019, according to the Investment Company Institute. The retirement savings vehicles are funded with after-tax dollars, which means distributions are tax-free. Key Takeaways Roth IRAs are retirement savings vehicles that are
Joe Biden’s $1.9tn stimulus bill faced an unexpected hurdle in the US Senate on Friday after Joe Manchin, the centrist Democratic senator, sowed confusion over his willingness to back a compromise on jobless benefits in the legislation. The uncertainty over Manchin’s position meant that progress towards approving Biden’s plan in the upper chamber of Congress
Morgan Stanley is now the biggest General Electric bull on Wall Street after analyst Josh Pokrzywinski raised his target on the stock to $17 on Thursday, up from his prior forecast of $13. Shares of GE briefly topped $14 per share after the markets opened Thursday, setting a new 52-week high before paring gains and