Month: June 2020

What Is Ripple? Ripple, or XRP, is both a cryptocurrency and a platform. Technically, Ripple is the name of the company and network, and XRP is the cryptocurrency. The Ripple platform is an open source protocol designed to allow fast and cheap digital transactions. Ripple has made a name for itself, and some financial institutions and analysts predict a
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The London Interbank Offered Rate or LIBOR is actually a set of several benchmarks that reflect the average interest rate at which large global banks can borrow from each other. The leading indicator used to price loans and other debt instruments, it is produced once a day by the Intercontinental Exchange (ICE) and regulated by
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Back In The Day: The Kennedy Estate in 1991. (Photo by © Steve Starr/CORBIS/Corbis via Getty … [+] Images) Corbis via Getty Images The storied seaside Palm Beach estate that big daddy Joseph P. Kennedy bought in 1933 has had, including the Kennedys, three owners since President John F. Kennedy made it the Winter White
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Wirecard’s former chief executive Markus Braun has been arrested on suspicion of false accounting and market manipulation, Munich prosecutors said on Tuesday morning. The prosecutors are accusing Mr Braun of artificially inflating Wirecard’s balance sheet and the company’s revenue in an attempt to make the company look more attractive for investors and clients. The prosecutors
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Are you interested in purchasing Bitcoin? If so, it’s essential to understand the potential security risks surrounding it. With cybercriminals ramping up their attacks, cryptocurrency will likely be a target.  Here’s what you need to know. Wallets Carry Risks Cryptocurrency enthusiasts use both hot and cold wallets to store their Bitcoin. A hot wallet has
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Japan has given the UK just six weeks to strike a post-Brexit deal, putting Boris Johnson’s government under pressure to agree one of the fastest trade negotiations in history — and Britain’s first in more than 40 years. Time is so short that both sides will need to “limit their ambitions”, warned Hiroshi Matsuura, Tokyo’s
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Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman, who made a killing this year by nailing the market bottom, on Monday disclosed plans for an initial public offering of a $4 billion blank-check company, which will target so-called “Mature Unicorns.” The new investment vehicle named Pershing Square
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Carnival Cruise Line’s Carnival Ecstacy cruise ship is docked at the Port of Jacksonville amid the Coronavirus outbreak on March 27, 2020 in Jacksonville, Florida. Sam Greenwood | Getty Images Check out the companies making headlines after the bell. T-Mobile — The telecommunication company’s stock fell 1% in extended trading after it announced that SoftBank
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401(k) vs. Pension Plan: An Overview A 401(k) and pension are both employer-sponsored retirement plans. The biggest difference between the two is that a 401(k) is a defined-contribution plan and a pension is a defined-benefit plan. A defined-contribution plan allows employees and employers (if they choose) to contribute and invest funds to save for retirement,
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Four Basic Options Trades While there are many exotic-sounding variations, there are ultimately only four basic ways to trade in the options market. You can either buy or sell call options, or buy or sell put options. Regardless of which side of the trade you take, you’re making a bet on the price direction of
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Donald Trump took aim at the media, Joe Biden and “the radical left” before a smaller than expected crowd in Tulsa, Oklahoma on Saturday, as he tried to relaunch an election campaign stalled by the coronavirus crisis. The president weighed in to the racial injustice debate by claiming the destruction of some statues during Black
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Operating Profit vs. Net Income: An Overview Two important terms found on any company’s income statement are operating profit and net income. Both profit metrics show the level of profitability for a company, but they differ in important ways. Operating profit shows a company’s earnings after all expenses are taken out except for the cost
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