Investing

Fourteen years after Walmart abandoned plans for a bank, the world’s largest bricks-and-mortar retailer may finally be ready to give Wall Street a run for its money. The $422bn discount retailer is partnering with venture capital firm Ribbit Capital, which backs stock-trading platform Robinhood and personal finance start-up Credit Karma, to create a new fintech
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Crypto trading exchange Bakkt, which counts NYSE-owner Intercontinental Exchange, Inc. (ICE) among its investors, is going public at the New York Stock Exchange (NYSE) via a merger with VPC Impact Acquisition Holdings Inc., a special purpose acquisition company (SPAC). SPAC companies raise money from public markets specially for the purpose of merging with startups in
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Chinese money is pouring into Hong Kong’s beaten-down stock market, highlighting the growing sway of mainland traders as political turmoil threatens to undermine the city’s status as a global finance hub. Mainland Chinese investors’ holdings of Hong Kong-listed stocks bought through market link-ups with Shanghai and Shenzhen climbed to a new all-time high of $235.7bn
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So you’ve decided you want to become a certified public accountant. If you’ve taken all the undergraduate and graduate-level classes in accounting, business law, and general studies that your state requires, and have logged some work experienced (as required in all but a few states), you’re ready to take the Uniform CPA Examination. This is a
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What Is a Writ of Mandamus? A writ of mandamus (also called a writ of mandate) is a court order issued by a judge at a petitioner’s request compelling any government, corporation, or public authority to execute a duty that they are legally obligated to complete. A writ can also be issued when the authority
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Bakkt Holdings, a cryptocurrency platform majority owned by Intercontinental Exchange, has announced plans to go public through a combination with a blank-cheque company, bringing together two of the frothiest elements of US markets. New York Stock Exchange parent ICE on Monday said Bakkt has agreed to combine with a Spac sponsored by Chicago-based investment firm
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The chartered financial analyst (CFA) is one of the more frequently sought after designations for investment professionals. However, becoming a CFA charter holder is not for the faint-hearted nor the uninterested. The journey to becoming a CFA charter holder is long, and it tests not only knowledge of the subject but also endurance, diligence, and
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China condemned the US decision to ease restrictions on diplomatic relations with Taiwan in the waning days of the Trump administration, saying the island was “the most important” part of its relations with Washington. “Any move that harms China’s core interests will be met with China’s resolute counter-strike,” said Zhao Lijian, foreign ministry spokesperson, on
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Apparently the US is not in a stock market bubble, but that’s not exactly what the data is saying. This morning, we saw the following from Tobias Levkovich at Citi Research. It’s a chart of his US Panic/Euphoria index, which incorporates multiple indicators to give a reading of current market sentiment in the US. And
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Unless their parents have somehow saved enough money—or earn massive salaries—most students need to borrow to pay for college today. Working your way through college is largely a thing of the past, as well; few students can make enough to pay for college while they’re also taking classes. For that reason, student loans (and student
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A Southwest Airlines Boeing 737 passenger jet Robert Alexander/Getty Images Wall Street is calling for recovery, reflation and rotation this year amid continued accommodative monetary and fiscal policy, according to analysts. Among the bulls, strategists from J.P. Morgan estimate that the S&P 500 could reach 4,400, with a range of 4,200 to 4,600. “Global growth
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Getting educated about your retirement and wealth-management options is a necessary part of planning for your financial future. But let’s be honest: Not everyone has time to be a financial expert. If you would rather have an easy plan you can execute without having to constantly worry about changes in legislation or the economy or
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Life has its cycles, as do the economy and the financial markets. But when it comes to market cycles, emotions often get in our way. We often do the wrong thing at different phases, buying exuberantly at market highs and selling in a panic at market lows. Successful investors do the opposite. Warren Buffet says:
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My personal style signifier is the way I pair things – my look is part menswear-inspired and part French-girl chic. I value quiet elegance. I don’t like anything too complicated or trippy. I also love it when things fit well but are efficient too, like Deborah Pagani’s hair pins – both beautiful and solid. The last thing I bought
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