In everyday conversation, an exchange-traded commodity (ETC) could refer to a commodity exchange-traded fund (ETF), but an ETC is actually a product name for a specific type of security. The term ETC is commonly used in Europe and Australia, where the London Stock Exchange and Australian Securities Exchange provide trading products called ETCs. Most investors
Microsoft is chasing a deal to buy all of TikTok’s global business, including the viral video app’s operations in India and Europe, according to five people with knowledge of the talks. The US software company said on Sunday it was in negotiations with ByteDance, the Chinese owner of TikTok, to explore “a purchase of the
The Monte Carlo model makes it possible for researchers from all different kinds of professions to run multiple trials, and, thus, to define all the potential outcomes of an event or a decision. In the finance industry, the decision is typically related to an investment. When combined, all of the separate trials create a probability
Nikola Motor Company Source: Nikola Motor Company Nikola’s entire second quarter revenue of $36,000 was related to solar installations for Executive Chairman Trevor Milton, according to a filing with the Securities and Exchange Commission. “During the three months ended June 30, 2020 and 2019 the Company recorded solar revenues of $0.03 million and $0.04 million,
Paul Zimmerman | Nasdaq | Getty Images Check out the companies making headlines after the bell: Roku — Shares of the streaming platform fell 1% after the market closed. Roku reported second-quarter financial results after hours, posting a loss of 35 cents per share on revenues of $356 million, compared to predictions of analysts surveyed by Refinitiv
Canopy by Hilton Jersey City Arts District is now accepting reservations Aerial panorama of Jersey City skyline at sunset. Getty It’s not exactly an ideal time to open a new hotel, however Canopy by Hilton has doubled down this month with the opening of not one but two new hotels, including the Canopy by Hilton
U.S. consumers have purchased homes at record levels as low mortgage rates encourage demand. U.S. home ownership rose to 67.9 percent in the second quarter, the highest level in more than 10 years, according to the Commerce Department. Eric Lipar, LGI Homes CEO and chairman, join “Closing Bell” to discuss. 05:06 2 minutes ago
Puerto Rico fiscal year 2020 general fund revenues came in 10.7% short of a May 9, 2019, projection but 3.1% ahead of a May 27, 2020, projection. The Puerto Rico Treasury reported the results Wednesday. While the January earthquakes hurt collections, the governor’s order to close much of the economy from March to the present
Women around the world will have to wait another two centuries for the global gender gap to fully close. That’s what the World Economic Forum predicted last December, when it stated that at the current rate of change it could take a startling 257 years to close the workplace gap — which measures factors such
Financial statement assertions, also referred to as management assertions, are explicit or implicit assertions a company makes concerning the fundamental accuracy of the information contained in its financial statements: the balance sheet, income statement, and cashflow statement. The financial statement assertions are a company’s official statement that the figures the company is reporting are a
The death toll from the explosion that ripped through Beirut climbed to at least 100 on Wednesday, while some 4,000 people were reported to have been wounded in the massive blast at the city’s port. Two fires were still burning at the scene of the explosion on Wednesday, which the authorities said took place at
Senator Elizabeth Warren popularized the so-called “50/20/30 budget rule” (sometimes labeled “50-30-20”) in her book, All Your Worth: The Ultimate Lifetime Money Plan. The basic rule is to divide up after-tax income and allocate it to spend: 50% on needs, 30% on wants, and socking away 20% to savings. Here, we briefly profile this easy-to-follow
CNBC’s “College Voices 2020” is a series written by CNBC summer interns from universities across the country about coming of age, launching new careers and job hunting during a global pandemic. They’re finding their voices during a time of great social change and hope for a better future. What money issues are they facing? How
Check out the companies making headlines after the bell: Disney — Disney’s stock jumped 4% after the closing bell. Disney reported third-quarter financial results that beat analysts’ expectations for earnings but fell short of revenue predictions. Disney posted earnings of 8 cents per share excluding items on revenue of $11.78 billion compared to estimates of a loss
School psychologist Dr. Roseann Capanna-Hodge has been working with young people for decades. Dr. Roseann Capanna-Hodge / (c) 2019 Emily Mygatt Lee There’s a heated debate taking place around the country about whether schools should reopen for in-person classes this month, when many traditionally welcome students back to campus. Numerous districts – including some of
Courtney Davis Source: Courtney Davis In a few weeks, Courtney Davis will give birth to her first child, a son, Bentli Jaymes. In the meantime, she’s afraid that she won’t have a home to bring him back to. “My biggest concern is becoming homeless right now,” Davis, 23, said. Without an extension of a federal
Minnesota’s top rating from S&P Global Ratings is at risk over its COVID-19 budget hole and how the state might close the potential three-year, $7 billion gap. S&P moved the outlook on the state’s AAA rating to negative from stable this week in a report ahead of a $1.2 billion new money and refunding general
For more than two years, Mariam al-Mheiri had been preparing for a crisis. So when aeroplanes stopped flying into the United Arab Emirates as the coronavirus pandemic spread across the Middle East in March, the country’s first food security minister knew what was expected. She had to guarantee that her desert nation, which imports 90
Nikola Inc. (NKLA) shares rose more than 10% during Monday’s session after Deutsche Bank issued a short-term Buy recommendation ahead of earnings and Executive Chairman Trevor Milton’s partial update on the company’s balance sheet. Deutsche Bank analyst Emmanuel Rosner added the electric vehicle maker to the firm’s short-term “Catalyst Call Buy List” ahead of its
The founder of TikTok has defended a plan to sell the US arm of the viral video app, as his investors threw their support behind a bid for the business by Microsoft. In a second letter to employees in as many days, Zhang Yiming, the chief executive of ByteDance, the owner of TikTok, said he
Alphabet Inc. (GOOGL) was originally founded as a search engine company in 1998 under the name Google Inc. Since then, Google has become the world’s most popular search engine, with an 87% share of the global search market. The company has diversified far beyond search engines in the past two decades. It reorganized in 2015
The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Shares of DiamondPeak Holdings, a special purpose acquisition company, jumped more than 20% during premarket trading on Monday after the company announced that it will
Nikola Motor Company Two truck Source: Nikola Motor Company Check out the companies making headlines after the bell: Virgin Galactic — Shares of the space travel company tumbled 8% in extended trading after the release of second-quarter financial results. Virgin Galactic reported a loss of 30 cents per share and an adjusted EBITDA loss of $54
In San Francisco, one and two-bedroom rents are down more than 11% since this time last year. getty While the rental market remains far from robust, two important factors — rent decreases in the country’s most expensive cities and rent increases in more affordable cities — suggest the coronavirus pandemic is causing a squeezing effect
Protesters gather at a July 22 rally in Boston in support of legislation to block evictions in Massachusetts for up to a year. Boston Globe | Boston Globe | Getty Images If you’re facing eviction during the coronavirus pandemic, you’re definitely not alone. Up to 40 million Americans may lose their homes in this downturn, four times
Lawyers for a bond trustee and a Missouri county will square off Wednesday before an appellate court over the legal enforceability of the county’s pledge to cover shortfalls on a $32 million industrial development bond issue. Platte County leaders decided in 2018 not to cover a $765,000 shortfall in tax revenues generated in the Zona
Donald Trump has abandoned his opposition to Microsoft buying TikTok while vowing to ban the Chinese-owned video app in the US unless an American company acquired it by September 15. In remarks at the White House, Mr Trump added another complication to Microsoft’s pursuit of the app, insisting the US government should receive a portion
Impairment occurs when a business asset suffers a depreciation in fair market value in excess of the book value of the asset on the company’s financial statements. Under the U.S. generally accepted accounting principles, or GAAP, assets that are considered “impaired” must be recognized as a loss on an income statement. Key Takeaways Impairment occurs
As trading becomes more accessible, as a result of the proliferation of online and discount brokerage firms, more people are participating in the stock market. However, as an individual or sole proprietor, traders cannot take advantage of some of the tax advantages and asset protection strategies that are available to companies. Working as an independent
Satya Nadella, Microsoft chief executive, pictured in silhouette, spoke with Donald Trump after the US president said he did not want the company to acquire TikTok © AP Microsoft has said it will press ahead with talks to buy TikTok’s US operations from the video app’s Chinese owner ByteDance despite the reservations of Donald Trump,
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