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Monthly Archives
October 2021
Bono-backed biotech firm Nuritas identifies significant uncertainty
Nuritas, an Irish biotech company that uses artificial intelligence to identify supplements and new drugs, has…
Elon Musk is now the richest individual in the world. Know your net worth and plans
Elon Musk, co-founder of Tesla and rocket company SpaceX, added $ 122.3 billion to his fortune this year, bringing his net worth to $ 292 billion, according to the Bloomberg Index. He is the first man to achieve such a…
These 4 measurements indicate that II-VI (NASDAQ: IIVI) is using debt safely
Warren Buffett said: "Volatility is far from synonymous with risk". It's only natural to consider a company's balance sheet when looking at its level of risk, as debt is often involved when a business collapses. Like many other…
Using nature in infrastructure projects could save $ 248 billion per year
Global wealth has grown overall, but at the expense of future prosperity and exacerbating inequality, new World Bank study finds Changing the wealth of nations report released today.
Countries that deplete their…
Alera Group Hires Jenny Bures as COO of Wealth Management Services and Pension Divisions
Deerfield, Ill, October 28, 2021 - Alera Group, Inc. today announced that it has hired Jenny Bures as COO for its Wealth Management Services and Pension Services divisions. In this newly created role, Bures will focus on…
Paid family leave falls from Bill Biden as spirits rise
WASHINGTON (AP) - Top Democrats have signaled a deal is close at hand on President Joe Biden's big domestic bill, but momentum has run out of steam and spirits flared on Wednesday night as a proposal for paid family…
Cohen & Steers Total Return Realty Fund, Inc. (RFI) Notification of Distribution Sources under…
NEW YORK, October 27, 2021 / PRNewswire / - This press release provides shareholders of Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) (the âFundâ) with information regarding the sources…
Lisa Su from AMD is starting over: here is my job
She did it again. Longtime Sarge frontrunner Advanced Micro Devices (AMD) released the company's third quarter financial results on Tuesday night, and wow ... She did it again. If you read me often, you will know that…
Democrats unveil billionaire tax as Biden plan takes shape
WASHINGTON (AP) - Fending off skeptics, Senate Democrats unveiled a news on Wednesday billionaires tax proposal, an entirely new entry into the tax code designed to help pay for President Joe Biden's broad domestic policy agenda and bring…
Oklahoma Representative Stephanie Bice chosen for Economic Disparities Committee
A member of the Oklahoma congressional delegation has been invited to participate in an effort to study and propose possible solutions to the worsening problem of wealth inequality in the country.Representative Stephanie Bice (R-OK5) was…
Financial entrepreneur Endy Ong integrates innovative insurtech with empathetic personal coaching…
SINGAPORE, October 26, 2021 / PRNewswire / - Financial entrepreneur Endy Ong integrates innovative Insurtech with empathetic personal coaching for his team to serve his clients.Financial entrepreneur Endy Ong integrates innovative…
Does Energisa (BVMF: ENGI3) have a healthy balance sheet?
Howard Marks put it well when he said that, rather than worrying about stock price volatility, "The possibility of permanent loss is the risk I worry about ... and every investor practice that I know is worried. " So it seems like…
Tulsa race massacre still hurts black homeowners in US
The Tulsa Race Massacre destroyed "Black Wall Street," and it still hurts black Americans a century later.
The attacks wiped out swathes of black wealth and…
Taxing the super rich | Manila weather
Will the new House Bill 10253 or the Wealthy Tax Bill follow the various tax reforms introduced by the Duterte administration and become law? The bill aims to levy an annual tax as of…
The financial situation of banks in Egypt stands at EGP 8,000,000 at the end of July: CBE
The financial position of banks operating in Egypt increased by EGP 111.346 billion to EGP 8.059 billion in July 2021, from EGP 7.948 billion at the end of June.
In a recent report, the Central Bank of…
Debt-ridden Hindusthan National Glass faces insolvency proceedings
The NCLT's Kolkata bench has admitted a request to initiate the Corporate Insolvency Resolution Process (CIRP) against the country's largest manufacturer of packaging glass, Hindusthan National Glass & Industries Ltd (HNG).Insolvency…
What can rising interest rates mean for different generations? – Institute of Tax Studies
Earlier this week, markets reacted to comments by the Governor of the Bank of England by advancing their expectations of when interest rates will rise. The discount rate is currently at an ultra-low level of…
South Korean VC Private Equity Assets Growing Rapidly
The numbers show how the Asian nation has become a powerhouse in these important asset classes. These are classic destinations for âpatient capitalâ in which asset managers play.
South…
EBRD and IFC to support upgrades to Chornomorsk port in Ukraine
The upgrade is expected to improve the country's import and export capacity, enhancing its trade competitiveness. Credit: minka2507 / Pixabay.…
Innovating from antiques, Rubens was masterfully inspired by a wealth of sources
Peter Paul Rubens (Flemish, 1577 - 1640), The Calydonian Boar Hunt, c. 1611-1612, oil on panel, 23 5/16 Ã 35 5/16 in., 2006.4, The J. Paul Getty Museum, Los Angeles
Rubens' paintings and drawings rediscover the antiques that…
One Heritage Group plc: Annual results for -12-
Payment of lease liabilities - (18,534) - - (18,534)
Total changes from financing cash flows 16,745,192 (18,534) - - 16,726,658…
Raffles Education stock collapses after tycoon Oei Hong Leong’s letter calls into question…
Singapore - Following a letter from Singaporean billionaire Oei Hong Leong to the board of directors of Raffles Education Corporation (REC), the company's shares fell 26%.
In his letter, which the market picked up, Mr. Oei wondered why the…
Considerations for Investing in Single-Family Rentals
Single-family rentals or SFR have recently become one of the hottest sub-sectors in the commercial real estate market. SFRs can be a great alternative for institutional investors looking to…
Sheffield Financial and Tohatsu America Corporation Announce Agreement on Retail Financing Program
Posted: October 19, 2021 at 9:00 a.m. CDT|Update: 1 hour agoWINSTON-SALEM, North Carolina, October 19, 2021 / PRNewswire / - Sheffield Financial, a division of Truist Bank, a member of the FDIC and Tohatsu America Corporation (Tohatsu),!-->!-->…
Despite the lack of profits, Magnis Energy Technologies (ASX: MNS) appears to be on top of its debt
Warren Buffett said: "Volatility is far from synonymous with risk". So it can be obvious that you need to consider debt, when you think about how risky a given stock is, because too much debt can sink a business. We note that Magnis…
Solving the Matching Challenge in Private Equity
There is a showdown in Washington over whether to make private market investment more readily available to retail investors. On September 28, the Securities and Exchange Commission's asset…
Johann Rupert’s Classified Empire: Remgro, Richemont and Reinet
There is little doubt about Johann Rupert's ability as a businessman. Business acumen runs in the Rupert's blood; his father Anton founded the first Rembrandt Group in the early 1940s. Over 80 years later, the Rembrandt Group has…
Evergrande risk “controllable”, according to the central bank of the PRC
The financial risks linked to the debt problems of the Chinese group Evergrande (æå¤§…
Pandora Papers should galvanize campaign for global financial regime change | Print edition
Views) : Less than two weeks have passed since the story of Pandora Newspapers hit the headlines. Virtually!-->…
DIY investing: how to use Altman’s Z score to value stocks
With stock markets at record valuation levels, the risk of a correction is higher, and investors holding financially strong stocks will likely see less of an impact than those investing in companies in financial difficulty. To eliminate…
Why stories about rich and dirty people fascinate us
There is very little Succession The Roy family has in common with most people. Falcon business jets and vacation yachts? Not your average day. Or The white lotus guests on vacation at an exotic five-star resort; CFO Nicole Mossbacher's…
The bright future of laser weapons
Imagine an advancing mechanized army unit approaching an enemy force on the outer border of an urban area when suddenly a small fleet of enemy drones emerges from behind tall buildings to attack with air-to-surface missiles. . Tanks and…
Lakeland Bancorp Announces Third Quarter Results Date
OAK RIDGE, NJ, October 15, 2021 (GLOBE NEWSWIRE) - Lakeland Bancorp, Inc. (NASDAQ: AMLA) (the âCompanyâ) has announced that it plans to release its results for the third quarter ended September 30,…
Does iHeartMedia (NASDAQ: IHRT) have a healthy track record?
Warren Buffett said: "Volatility is far from synonymous with risk". So it can be obvious that you need to consider debt, when you think about how risky a given stock is, because too much debt can sink a business. We note that…
FRMO Corp. Announces First Quarter Fiscal 2022 Results and Conference Call
WHITE PLAINS, NY - (COMMERCIAL THREAD) - FRMO Corp. (the âCompanyâ or âFRMOâ) (OTC Pink: FRMO) today released its financial results for the first quarter of…
DOL proposes new ESG rule after abandoning Trump-Era version
According to a securities attorney's interpretation of the proposed new rule by the U.S. Department of Labor, trustees will likely need to consider risks associated with climate change and…
Miami Dolphins and Truist announce multi-year extension
Truist will also join the Dolphins on the Football UNITES Huddle for the Holidays program which recognizes holidays, events and days of importance that are genuine to the South Florida community. These recognitions include National…
British American Tobacco (LON: BATS) has a somewhat strained record
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett said "volatility is far from risk." So it can be obvious that you need to consider debt, when you think about how risky a…
Rich people could buy vacation homes in Colorado town
What are these âvacation homesâ you are talking about?Watch out, Grand Lake ... they are coming for you!OK, can we talk about our childhoods for a second here? I think when we were kids we all thought…
Does Synergis Holdings (HKG: 2340) have a healthy balance sheet?
Berkshire Hathaway's Charlie Munger-backed external fund manager Li Lu is quick to say "The biggest risk in investing is not price volatility, but whether you will suffer a permanent loss of capital". When we think about how risky a…
STARTECH LABS: Management Discussion and Analysis of Financial Position and Operating Results (Form…
FORWARD-LOOKING STATEMENTS
This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by words…
Permanent wealth tax is not an option, according to MICPA and Deloitte
KUALA LUMPUR (October 12): A permanent wealth tax may not be an option for Malaysia, say the Malaysian Institute of Chartered Accountants (MICPA) and Deloitte Malaysia in a jointly produced report titled: âTax Reforms:…
ED Investigates Properties Accumulated By Jamtara Online Fraudsters
Jharkhand Police to Inform Investigation Agency on 12 More People, Who Got Rich Overnight
The Directorate of Enforcement (ED) has launched an investigation into the accumulation of huge properties by online fraudsters in…
Cheap enough for you? Here is my plan to trade Cleveland-Cliffs
Between the highs in August and mid-September, the Cleveland-Cliffs (CLF) stock price fell 28.8% to $ 18.51. Over the same period, or almost, but from top to bottom, the stock underperformed, its best rival Nucor (NUE) at -27.5%, the Dow…
The rich and the corrupt hiding their wealth and income
Since the European colonial powers left Africa, Asia and Latin America, attempts have been made to use the official transfer of financial resources to nations which, in one way or another, have been harmed by colonial rule. In today's…
Is Kuehne + Nagel International (VTX: KNIN) using too much debt?
Legendary fund manager Li Lu (who Charlie Munger supported) once said, âThe biggest risk in investing is not price volatility, but the possibility that you will suffer a permanent loss of capital. It is only natural…
Taliban: the Taliban ask the United States to unfreeze Afghan financial assets
DOHA: The Taliban urged the United States to unfreeze Afghan central bank reserves, during the first face-to-face meeting in Qatar after the Kabul takeover in August. The two sides held their first meeting on Saturday in Doha to turn a…
Meier: Personal wealth of Wyoming families under attack by Biden plan | Columns
Few things are more private than your household finances. In his American Families Plan, President Biden unveiled a tax compliance initiative aimed at closing the gap between taxes owed and those paid. Most of the projected revenue,…
What to expect from UAE banks’ third quarter financial results
A futuristic branch of Emirates NBD in Dubai. UAE banks will release…
Dam of wealth removed by trust in God – Catholic Philly
Mgr. Joseph Prior
By Mgr. Joseph Prior ⢠Posted on October 8, 2021 (See the Readings for the Twenty-eighth Sunday in Ordinary Time, October 11.)
Have you ever encountered an unexpected roadblock? Lots…
These are the people who reached the top 10
Forbes released its annual list of the 100 richest Indians, which shows India's richest have grown richer despite the COVID-19 pandemic. As we move through the second year of the pandemic, India's richest have seen their total wealth…
Does BioLife Solutions (NASDAQ: BLFS) Use Debt Risky?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett said "volatility is far from risk." So it can be obvious that you need to consider debt, when you think about how risky a…
How not to lose your shirt when investing
Select's editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners.There are many reasons…
What is the net worth of Moderna owners? Meet the new billionaires, thanks to the Covid vaccine
The Covid-19 pandemic has been hell for many people. From job losses to rent problems, millions of Americans have found themselves poorer as a result of the pandemic. But a select group of Americans (the 400 richest Americans) saw their…
Is WTK Holdings Berhad (KLSE: WTK) using too much debt?
Berkshire Hathaway's Charlie Munger-backed external fund manager Li Lu is quick to say "The biggest risk in investing is not price volatility, but whether you will suffer a permanent loss of capital". So it seems like smart money…
Republicans Introduce New Digital Asset Law To Prevent More ‘Misinformation And…
epicimages / iStock.comHouse Representative Patrick McHenry, the ranked Republican on the House Financial Services Committee, yesterday introduced a new bill to provide a "safe harbor" for digital token innovation, which aims to adopt new…
Why religion is good for American democracy and philanthropy by Robert Wuthnow
Princeton University Professor Emeritus Robert Wuthnow, one of the most prolific social scientists of his generation, has made an impressive career in being willing to non-dismissively examine the sociology of religion, culture and civil…
Why Wealthsimple went from preaching low cost, low risk investments to promoting day trading and…
Wealthsimple co-founder Michael Katchen in his Toronto office in 2017. Nathan Denette / The Canadian Press Every startup has an origin story, a story that illustrates its fundamental principles. For Wealthsimple, this meant…
DKS or ULTA: what’s the best value right now? – October 6, 2021
Retail Investors - Various stocks have likely encountered both Dick's Sporting Goods (Quick quote DKSDKS - Free Report) and Ulta Beauty (ULTA quick quoteULTA - Free report). But which of these two…
Socialism is against biblical and American traditions
In Economics 101, we learned that socialism is an economic system in which society, through its government, owns and / or controls land, labor, capital, the means of production and / or distribution of goods or services. Socialism is…
Future Retail ends pact for 7-Eleven stores
Future Retail Ltd. terminated a franchise agreement with 7-Eleven Inc., the world's largest convenience store chain, nearly two and a half years after signing the agreement to operate stores in India.The termination took place on "mutual…
Over a dozen Pak families, named individuals
Pandora PapersISLAMABAD: Although there are 700 Pakistanis who own offshore companies with millions of dollars, more than a dozen wealthy families, individuals and businessmen have assets, holdings, cash accounts , bonds, stocks and…
SD billionaire T. Denny Sanford’s net worth has grown
South Dakota billionaire continues to accumulate wealth despite significant charitable contributions to healthcare, education and other causes.T. Denny Sanford's net worth has jumped $ 600 million in just a few months, according to the 400…
Is Birchcliff Energy (TSE: BIR) Using Too Much Debt?
Warren Buffett said: "Volatility is far from synonymous with risk". It is only natural to consider a company's balance sheet when looking at its level of risk, as debt is often involved when a business collapses. We can see that…
JUBILANT FLAME INTERNATIONAL: MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL POSITION AND…
The following discussion should be read in conjunction with the financial statements and the notes thereto included elsewhere in this Quarterly Report on Form 10-Q. This quarterly report on Form 10-Q contains certain forward-looking…
Bank of Marin Bancorp Reports Second Quarter Earnings of $9.3 Million
NOVATO, Calif.--(BUSINESS WIRE)--Bank of Marin Bancorp, "Bancorp" (Nasdaq: BMRC), parent company of Bank of Marin, "Bank," announced earnings of $9.3 million in the second quarter of 2021, compared to $8.9 million in the first quarter…
The case to be boring with your money
The idea of ââgetting rich in flashy ways is not new. After all, Charles Ponzi, for whom Ponzi schemes were named, defrauded investors over 100 years ago with a get-rich-quick scheme based on lies.…
These 4 measurements indicate that Wachenheim Castle (ETR: SWA) is using its debt reasonably well
Berkshire Hathaway's Charlie Munger-backed external fund manager Li Lu is quick to say "The biggest risk in investing is not price volatility, but whether you will suffer a permanent loss of capital". When we think about how risky a…
Dubai Financial Services Authority Provides Regulatory Framework for Future of Finance
The Dubai Financial Services Authority (DFSA) continues to improve its regulatory framework by focusing on the future of finance.
The DIFC is now home to more than 3,200 companies and nearly 28,000 employees. Within this larger…
Women are changing the face of philanthropy
âThe king is in the counting house counting his money. The queen is in the living room eating bread and honey, âsays the old rhyme.âNot anymore,â says philanthropist…
Do KYC Profiles Match Customers’ Business Behavior?
Instead, their two research papers point to flaws in the KYC process and new ways to assess risk.
In the first article, the authors adopted a recency, frequency, and monetary value (RFM) model commonly used by marketers to!--3rd>…
Lantronix (NASDAQ: LTRX) has debt but no profit; Should we be worried?
Berkshire Hathaway's Charlie Munger-backed external fund manager Li Lu is quick to say "The biggest risk in investing is not price volatility, but whether you will suffer a permanent loss of capital". So it can be obvious that you…
Kenya: Giant lame – How the lights were dimmed at Kenya Power
If Kenya Power were not majority state-owned, it would now be a company in receivership. Banks would revolve around him, ready to strip his assets and sell them to cut losses.
But being a parastatal, there is only one way out: the…
Sun Life Holds Analyst Conference Call | 2021-10-03 | Press Releases
TORONTO, October 3, 2021 / PRNewswire / - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF)) today announced its intention to acquire DentaQuest, a leading dental provider in United States. Sun Life will host a conference call and live…
Sirajganjshop allegedly scammed Nagad’s Tk47C in 2 days
Ecommerce Platform Ripped Off MFS Provider Via Large Number Of Customer Refund Claims In Just Two Days
SirajganjShop, one of the most controversial e-commerce platforms, allegedly embezzled Tk 47.43 crore from mobile financial service…
The blessing and potential curse of prosperity
(October 3, 2021 / JNS) The story of Israel's rebirth - the return to the land, its resettlement and flourishing - had very little to do with material wealth. The ethics of the kibbutz movement were in fact deeply anti-materialist,…
Acadiana Briefs for October 3 | Business
The American Heart Association pays tribute to AcadiansSeven of the Acadian Ambulance service areas…
As pandemic crashed economy, some made money – The New Indian Express
The recently released Hurun List for India's Richest shows that the pandemic was inconsequential for a whole bunch of people. To slow down. Demand paralysis. It just doesn't make sense. They made a lot of money…
Eargo is a No Go
Jonathan Heller is a big fan of double-net stocks, but he will drop a company that had previously outperformed.âRecently, I found a surprise in one of my deeper value screens, in particular, 'double-nets,' Heller recently!-->…
Does C. V’s Promotora y Operadora de Infraestructura SAB (BMV: PINFRA) have a healthy balance…
Howard Marks put it well when he said that, rather than worrying about stock price volatility, "The possibility of permanent loss is the risk I worry about ... and every investor practice that I know is worried. " When we think about…
How to buy stocks and what to watch out for before selling
Select's editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners.Buying stocks is a way…
Canadian universities must dissociate themselves from polluting industries
In a dramatic statement, Harvard University recently announced that it will cede all of its massive $ 42 billion (US) endowment to fossil fuels.Divestment - the opposite of investing - is the act of selling, eliminating or closing all…
CanSino Biologics (HKG: 6185) Seems to Use Debt Quite Wisely
Berkshire Hathaway's Charlie Munger-backed external fund manager Li Lu is quick to say "The biggest risk in investing is not price volatility, but whether you will suffer a permanent loss of capital". So it can be obvious that you…
Round Hill Music Spent $ 342 Million on 38 Catalogs, Profits Report Says
The Round Hill Music Royalty Fund invested $ 342 million in musical intellectual property, including "a 29.1% investment in RH Carlin Holdings", between early August 2020 and late June 2021. The corresponding portfolio included north of…
HBT Financial, Inc. Completes Acquisition of NXT Bancorporation, Inc. | Your money
BLOOMINGTON, Ill., 01 October 2021 (GLOBE NEWSWIRE) - HBT Financial, Inc. (NASDAQ: HBT)…
founder of the Russian bank pleads guilty to tax fraud | Takeover bid
The founder of a Russian bank today pleaded guilty to filing a false income tax return.
"In 2013, when the value of Oleg Tinkov's investment in his bank's shares reached over $ 1 billion, Tinkov quickly renounced his US citizenship and…
Gluskin Sheff expands its alternative investment offering with
TORONTO, Oct. 01, 2021 (GLOBE NEWSWIRE) - Gluskin Sheff + Associates Inc. (âGluskin Sheffâ), the wealth management platform of Onex Corporation (âOnexâ) (TSX: ONEX),…
Byju CEO richer than Rakesh Jhunjhunwala, Nandan Nilekani, Bharti Mittal; becomes the 67th richest…
Rakesh Jhunjhunwala and his family's wealth amounted to Rs 22,300 croreByju Raveendran, founder of the startup Byju's, is now richer than Rakesh Jhunjhunwala, Nandan Nilekani, Bharti Mittal, Anand Mahindra and others, according to the IIFL…
These 4 measures indicate that Piippo Oyj (HEL: PIIPPO) is using his debt reasonably well
Howard Marks put it well when he said that, rather than worrying about stock price volatility, "The possibility of permanent loss is the risk I worry about ... and every investor practice that I know is worried. " So it can be obvious…