Across the United States, numerous employees set up and use various types of employee benefits plans allowed by the Internal Revenue Service (IRS). One of these plans, called a Section 125 cafeteria plan, has been in existence since 1978 and offers some interesting advantages. Key Takeaways A cafeteria plan is an employer-sponsored benefit plan that
In this article TSLA ROKU ARKK TDOC Virgin Galactic pilots walk to the company’s SpaceShipTwo Unity spacecraft, attached to the jet carrier aircraft Eve. Virgin Galactic Ark Invest, Cathie Wood’s firm with multiple actively managed exchanged-traded funds, will debut its latest fund on Tuesday: a space exploration ETF. ARKX, the firm’s eighth ETF, comes as
In 2012, New York-based hedge fund Tiger Asia Management pleaded guilty to using inside information to trade Chinese bank stocks, resulting in a massive settlement with US regulators. It marked a fall from grace for its founder Bill Hwang, one of the so-called “Tiger Cub” veterans of Julian Robertson’s Tiger Management fund. In theory Hwang
Inmarsat has launched legal action against the Dutch government after the British satellite company was told to move a facility it uses for critical global maritime safety services so that telecoms companies can use its spectrum for 5G. The company has initiated proceedings in the civil court in the Netherlands to seek an injunction over
It wasn’t so long ago that airliners and real estate companies were asking for emergency support and precautionary bank loans. Now investors are desperate to lend them money. Bonds of EasyJet and U.K. property manager Hammerson are among the best performers in Europe this year. Investment-grade companies in the two sectors have sold almost $22
Nischal Shetty, CEO of Indian crypto exchange WazirX, and other stakeholders in the industry are reportedly working toward convincing the government to adopt more nuanced cryptocurrency regulations. According to a report by The Economic Times, the country’s Blockchain and Crypto Council has drafted a presentation note highlighting recommendations for cryptocurrency regulations in India. The regulatory
“Do you think this color is nicer than that one?” I look around and realize that the young woman standing next to me in the home improvement store check out line is looking at me and pointing to a paint chip in her hand. I reply, “I like the deeper pink.” Chuckling under her mask,
A federal ban on evictions is putting the squeeze on smaller landlords, who are unable to directly access Covid rental relief funds, and some are starting to sell properties to recoup losses. This will likely reduce the much-needed, affordable rental stock in an already unaffordable housing market. Covid relief bills out of Congress have earmarked
The president of the American pro baseball team the Oakland Athletics (A’s) recently discussed the ballclub accepting bitcoin for full season suites on Bloomberg TV. A’s president Dave Kaval explained that the team will be holding the crypto asset it obtains from sales, rather than selling because they are “believers in it.” The Oakland Athletics
Have you ever thought about retiring early…extremely early? We’ve been seeing an increasing amount of interest in the concept of FIRE, which stands for financial independence, retire early. The FIRE movement is largely one of younger people planning to achieve financial independence before 50 and sometimes before 40 or even by 30. If you’re interested
A private hospital system in Honolulu that has struggled for more than a decade saw the long-term rating on its bonds downgraded to CCC from B-minus by S&P Global Ratings. The downgrade affected $30 million of 2002A special purpose revenue bonds issued for Kuakini Health System by the Hawaii State Department of Budget & Finance.
Silver markets have fallen a bit during the trading session on Monday to reach down towards the 200 day EMA and sliced through the $25 level. As I record this video, we are testing the bottom of a hammer from the Thursday session, which should show a certain amount of support. The 200 day EMA
With fundamentals like these, investors and speculators should be… by Adam Hamilton of Zeal LLC The mid-tier gold miners’ stocks are in this sector’s sweet spot for upside potential. After a spectacular upleg out of last March’s stock panic, they have mostly been correcting since early August. That is doing its necessary work of rebalancing
We’ll talk about dividend stocks, but we’ll get there through tax policy. The connection is simple: Government spending is going up, as exemplified by the $1.9 trillion COVID stimulus bill passed this month. Stimulative cash infusions into the economy are likely to boost consumer spending, and there are worries that the Biden Administration has no
In this article TWTR FLY PEBO PFBI AMZN V BILI BA TME CALM LUV 8604.T-JP CSCO GS VIAC DISCA CG Take a look at some of the biggest movers in the premarket: Discovery Communications (DISCA), Viacom (VIAC) – Both stocks remain on watch this morning, after significant declines last week. A source with direct knowledge
by lolfunctionspace Capital requirements were 12-20%, call it 15% on average so could have been 5-6x leveraged with a small cushion. Something like 20b in capital – 80b longs and 40b shorts. Tech / growth tech vs a lot of s&p on short side. 2/ — O&G OG (@EnergyCredit1) March 28, 2021 Was $2billion-plus blocks
A tuck-in acquisition, often referred to as a “bolt-on acquisition,” is a type of acquisition in which the acquiring company merges the acquired company into a division of the acquiring entity. Often, this technique is used when the acquiring company wishes to obtain a significant comparative advantage but at a lower cost than would be required for
A lawyer for bankrupt car hire group Hertz spookily told a judge last year: “There are forces at work that us non-financial people . . . can only observe.” Paranormal activity usually has a rational explanation, in that case retail buying. “Forced deleveraging” by private fund Archegos Capital similarly was behind a weird slump in the shares of ViacomCBS.
This article is part of a guide to New York from FT Globetrotter When I first moved to New York for a work stint a decade ago, the Upper East Side was the last place I wanted to live. Back then, I presumed that districts such as the Village, the Lower East Side or Hell’s
In this article VIAC GS MS The Viacom office in Hollywood, California. Lucy Nicholson | Reuters Chinese stocks listed in the U.S. fell sharply last week, after several weeks in correction mode. A trader who participated in some of the wild trading in Chinese internet stocks on Friday confirmed that the primary cause of the
Q: Can a negative response letter be used in a bulk transfer situation? A: Without knowing the exact details of the situation, I can’t give you a definitive answer. I can tell you that FINRA Rule 11870 describes the customer account transfer process and does permit member firms to use negative response letters rather than
The majority of Bitcoin (BTC) is mined outside of the United States using “dirty energy,” Miami Mayor Francis Suarez has claimed. Suarez discussed the environmental implications of Bitcoin mining in a March 26 episode of the Unconfirmed podcast with cryptocurrency journalist Laura Shin. The mayor said that the U.S. should mine more Bitcoin for to national
A New Zealand hedge fund, NZ Funds Management, which had $350 million worth of assets under management at the end of December 2020, says five percent of its money is invested in bitcoin. According to the firm’s CIO James Grigor, bitcoin is also set to be featured in more of its Kiwisaver investment schemes within
Silver price trades with calm negativity to move away gradually from 25.00 barrier, which support the continuation of our bearish overview, supported by the negative pressure formed by the EMA50, noticing that the price moves inside bearish channel that supports the chances of heading towards our negative targets that reach 24.00 on the near term
The degree “develops students’ understanding and respect for different cultures, civilizations and religions, so they can act as ambassadors and… by Simon Black of Sovereign Man Are you ready for this week’s absurdity? Here’s our roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity…
Globe Life Inc. increased its quarterly cash dividend by 5.3% to $0.1975 per share. Prior to this, the life insurance company raised its dividend payout by 9% to $0.1875 in March 2020. Globe Life (GL) announced that the new dividend will be paid on April 30 to shareholders of record as of April 5. The
Via Birch Gold If Social Security were one of your private investments, instead of an entitlement, you might actually look for other options. Here’s why. Nominal Interest Rates On Special Issues in APY. From the Office of the Chief Actuary, Social Security Administration. Since 2000, the Social Security Trust Fund has consistently been earning a lower
A forex trading strategy designed to make maximum profits from a long-term uptrend can be created using the Relative Vigor Index (RVI) in conjunction with other technical indicators. The RVI compares the closing price to price range and provides a reading of the strength of price movement up or down. Higher values for the RVI indicate increasing
Egypt’s president Abdel Fattah el-Sisi has ordered preparations to unload the giant container ship wedged in the Suez Canal if last-ditch efforts fail to dislodge it, highlighting the growing risk that the closure of the crucial trade artery could drag on for weeks. Rescue teams were gearing up on Sunday for another effort to free
Almost 49m Americans have been fully vaccinated against Covid-19, as several states prepare to offer shots to all adults in the coming weeks. The Centers for Disease Control and Prevention said the US has administered 136.7m doses overall since the rollout began in December, with 89.6m Americans receiving at least one dose. Germany has designated