4 essential metrics behind the soaring Salesforce.com actions
Actions of Salesforce.com (NYSE: CRM) have exploded higher recently. Shares of the software-as-a-service juggernaut have risen 28% year-to-date and 10% in the last five trading days alone, bringing tech stock to an all-time high. The soaring action can be explained in large part by the impressive financial results of the specialist in customer relationship management …
With rising inflation, how can you best protect your investments?
One of the main economic trends for 2021 is the accelerating pace of inflation. The Consumer Price Index or CPI, the government’s main indicator of inflation, has hovered around an annual rate of 5% in recent months, well above the 1.4% rate of the last year and the 50-year average of about 3.9%. Higher inflation …
How the world of traditional finance could cause a traditional global financial crisis
Daniel Tischer, Senior Lecturer in Management, Bristol University, Adam Leaver, professor of accounting and society, University of Sheffield, and Jonathan Beaverstock, Professor of International Management, University of Bristol.______ At the heart of the 2007-09 global financial crisis was an obscure credit derivative called the Secured Debt Bond (CDO). CDOs were debt-based financial products – most …
Biden waives tax on unrealized investment gains of billionaires
(Bloomberg) – President Joe Biden has said he supports a proposal to tax billionaires for the appreciation of their investments on an annual basis, a change that would bar some of the wealthiest Americans from deferring their tax bills. The idea of a levy on unrealized appreciation is promoted by Senate Finance Committee Chairman Ron …
Many countries join call for no new coal-fired power plants before COP26, Energy News, ET EnergyWorld
New Delhi: Following China’s announcement to stop financing coal-fired electricity abroad, a group of countries such as Sri Lanka, Chile, Denmark, France, Germany, Montenegro and the UK have announced a ‘No New Coal Power Compact’, aimed at encouraging all other countries to commit to halt construction of new coal-fired power plants to keep the target …
Goldman Says $ 2.2 Billion Purchase of BNPL Vendor GreenSky Will Help Expand Marcus
Goldman this morning Sax Announces Plans to Buy B2B2C Lenders GreenSky so Transactions worth $ 2.24 billion.. The acquisition, which still requires regulatory approval and is scheduled to close in the fourth quarter of 2020 or the first quarter of 2021, will strengthen the company’s consumer business and attract consumers to the company. It aims …
UWM Launches ‘BOLT’, Giving Mortgage Brokers the Tools to Get 15-Minute Initial Approval | Business
PONTIAC, Michigan – (BUSINESS WIRE) – Sep 25, 2021– United Wholesale Mortgage (UWM), America’s premier wholesale and buying lender, today announced the launch of BOLT, a self-service platform that provides initial approval for qualified borrowers in only 15 minutes. Mat Ishbia, President and CEO of UWM, made the announcement today at the Association of Independent …
Walmart will eliminate the payment section this holiday, replaced with a new financing program
(ABC4) – Retailer Walmart will change its policies on the traditional layaway program this year, replacing it with a new financing program called “Buy now, pay later.” The new program is associated with Affirm, a loan company that offers installment loans for retail purchases. Officials are promoting this program as an “alternative to paragraph.” Traditionally, …
Romanian Prime Minister Citu wins party leadership, prolonging political stalemate
BUCHAREST, September 25 (Reuters) – Romanian Prime Minister Florin Citu won the leadership elections of his ruling Liberal Party on Saturday, further reducing the chances of bringing together the centrist coalition government that collapsed earlier this month. The split in the liberal-led coalition, which includes junior partner USR Plus and the Hungarian ethnic group UDMR, …
Decode margin money for futures trading
SEBI has made it mandatory to hold margin money for trading. In this scenario, it will be helpful for small investors if you can tell how much should be set aside as margin money. Vijaykumar Shingade The margin (either in the form of funds or securities or a combination of the two) that one should …