Month: August 2020

SoftBank Group chairman and CEO Masayoshi Son. (Photo by Tomohiro Ohsumi/Getty Images) Getty Images This spring, SoftBank, the Japanese conglomerate helmed by Masayoshi Son, backtracked on an offer to buy up to $3 billion of WeWork shares, a deal that would have netted the coworking firm’s cofounder Adam Neumann nearly $1 billion. It seemed, at
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For many, finance is a popular field to enter with potentially lucrative results. While many universities advertise appealing career paths that their graduates go down after completing a finance degree, the truth is that many financial careers don’t require a college education. In fact, there are a host of finance jobs without college degree requirements.
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Warren Buffett’s Berkshire Hathaway significantly cut its stakes in some of the largest US banks in the second quarter, selling billions of dollars worth of stock in Wells Fargo, JPMorgan Chase and other financial institutions. Berkshire Hathaway disclosed on Friday it had sold 85.6m shares of Wells Fargo in the quarter, reducing its stake from
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Pawnshops make money by providing personal loans, reselling retail items, and offering auxiliary services, such as money transfers or cellphone activation. Earning interest on loans and profits on retail sales are the principal income sources for the standard business model for a pawnshop. Pawnshops typically aim to generate overall net profit margins of at least
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Palestinian leaders have condemned the historic deal announced by the United Arab Emirates and Israel that they are normalising relations, describing it as a “stab in the back” by one of the most powerful Arab states. They have dismissed as “a fig leaf” the declaration that Israel would suspend its annexation of Palestinian land as
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Nima Ghamsari, co-founder and chief executive officer of Blend, speaks during the Sooner Than You Think conference in Brooklyn, New York, Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images Digital lending start-up Blend raised $75 million in fresh funding amid surging demand for streamlined mortgage applications during the coronavirus pandemic. The move values the
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Technicians work on machinery at the Applied Materials facility in Santa Clara, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell Thursday: Applied Materials — Shares of Applied Materials rose 1.2% in after-hours trading on the back of fiscal third-quarter results that beat analyst expectations. The
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The off-price chain Stein Mart, which announced Wednesday it had filed for Chapter 11 bankruptcy protection, will officially be closing all of its stores for good.  The company’s liquidators — a team of Gordon Brothers, Hilco Merchant Resources, Tiger Capital Group,  B. Riley Financial’s Great American Group and SB360 Capital Partners — announced Thursday morning that Stein Mart
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Raytheon Technologies Corporation (RTX) reported better-than-expected earnings per share on July 28. The stock dropped to as low as $55.73 on Aug. 3 and then popped to $66.15 on Aug. 11. Raytheon Technologies is the second largest aerospace and defense contractor. It’s the combination of United Technologies and Raytheon. The new company is a component
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Israel and the United Arab Emirates have reached a historic peace deal that will see the Gulf power normalising diplomatic relations with the Jewish state. The deal, brokered by the US, would mean the UAE will become only the third Arab state to have full diplomatic ties with Israel, after Egypt and Jordan.  “HUGE breakthrough
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With the difficulties new college graduates face repaying student loan debt–now a cumulative $1.5 trillion in the United States–many are questioning whether the cost of higher education is worth the potential reward of higher income. After all, two of the richest men in America, Mark Zuckerberg and Bill Gates, do not hold college degrees. While
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Cisco logo exhibited during the Mobile World Congress, on February 28, 2019 in Barcelona, Spain. NurPhoto | Getty Images Check out the companies making headlines after the bell:  Cisco Systems — Cisco shares fell more than 6% in after-hours trading despite reporting fiscal fourth-quarter profit and revenues that topped analysts’ expectations. The results, though better than
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With Congress unable to reach a compromise on a new round of support for Americans impacted by the pandemic and recession, President Trump signed memoranda last weekend that partially restore enhanced unemployment benefits, defer payroll taxes for most Americans, and extend a moratorium on federal student loan payments. The constitutionality of these measures is now
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Vital Vio’s lighting goes into home products, like Ellumi brand’s under-cabinet lighting and Broan-Nutone’s antimicrobial ventilation systems. Its technology uses visible light to kill cells of bacteria, mold and fungi, but not Covid-19 specifically. Vital Vio The coronavirus pandemic is altering every aspect of how we live, especially what we want from our homes. Beyond
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Ohio-based Huntington Capital Markets Inc. is making a greater banking push into Michigan as part of its post-Hutchinson Shockey acquisition strategy. The new team that started earlier this summer includes Lou Orcutt, a managing director and general government banker who will head up public finance in Michigan from a Detroit office. The expansion helps the
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Kamala Harris and Joe Biden had to forgo cheering crowds and shaking hands with supporters in their Delaware debut © AFP via Getty Images Kamala Harris used her first appearance as Joe Biden’s vice-presidential pick to attack Donald Trump’s handling of the coronavirus pandemic, foreshadowing how the former prosecutor plans to take on the president
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Renting a home can be a substantial expense, and the amount spent on rent each month can have a significant impact on your overall financial picture. Rent is likely your highest monthly expense, and it’s also a recurring cost that you cannot easily reduce once you’ve signed the lease contract. Letting rent payments take up
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US stocks rallied and Treasuries sustained a further bout of selling on Wednesday after optimistic economic data and rising hopes over a potential coronavirus vaccine bolstered investors’ confidence. The S&P 500 jumped 1.1 per cent in early trading on Wall Street, reversing a fall from the previous session. The rise leaves the US benchmark marker
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116.48 The current reading of the Investopedia Anxiety Index is well above neutral indicating a very high level of anxiety. Markets Today Global markets are surging this morning as Russian President Vladimir Putin claimed the country has given him regulatory approval for the world’s first COVID-19 vaccine that he says was successfully used on his
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