The average yearly salary of a chief financial officer (CFO) can vary based on a number of factors, but the median compensation for a CFO in the U.S. as of May 2021 was $393,377 per year, according to Salary.com. CFOs within the bottom 25th percentile should expect to earn $299,442 per year, while those in
Bitcoin has evolved in recent years into a speculative investment for individuals seeking alpha from alternative assets and a possible hedge against global uncertainties and weakness in fiat currencies. Bitcoin (BTC) is a digital floating exchange that is pegged to the U.S. dollar like in foreign exchange (forex). However, unlike gold, there is no underlying physical
Regulation is among the most important factors affecting bitcoin price. The cryptocurrency’s rise has been arrested every time a government has cracked the policy whip, with countries taking varying approaches to bitcoin regulation. For example, in November 2019, bitcoin sank to an all-time low when China accelerated a crackdown on cryptocurrency businesses, mirroring what happened
Fiat Money vs. Legal Tender: An Overview Fiat money does not have any intrinsic value. What value it has depends on public confidence in the currency’s issuer. Legal tender is any currency declared legal by a government. Many governments issue a fiat currency and then make it legal tender by setting it as the standard
There are two ticker symbols for Alphabet Inc. on the NASDAQ stock exchange: GOOG and GOOGL. There’s little price difference between the two – as of June 11, 2021, it was $2,513.93 versus $2,430, respectively—still, what gives? The short answer is a stock split, but a longer answer is an attempt by the co-founders of Google, Sergey Brin,
Official representation between Hong Kong and Taiwan is set to end this year as mounting political tensions threaten one of the region’s most important trade and investment relationships. The number of staff in Taiwan’s representative office in Hong Kong has dwindled over the past two years as the territory has stopped issuing visas, with the
South Korean shipbuilders and sea freight companies will seek to raise billions of dollars via stock market listings in the second half of 2021 as the industries enjoy a global trade rebound following the Covid-19 pandemic. Shipbuilder Hyundai Heavy Industries and sea cargo groups H-Line Shipping and SM Line are planning initial public offerings worth
US president Joe Biden has challenged leaders of G7 countries to use their financial muscle to counter China’s rising global influence as he declared that western democracies were “in a contest with autocrats”. Biden said he was “satisfied” with the outcome of the G7 summit in Cornwall on Sunday, but pushed European leaders to be
The images of Joe Biden and fellow G7 leaders chatting at close quarters on a Cornish beach as they enjoyed barbecued lobster may not have been the best advert for social-distancing rules in times of pandemic. But the beach cookout was designed to send another message: under renewed American leadership, the world’s leading western democracies
Germany’s Green party adopted an election manifesto on Sunday that vowed to transform the country’s economy and fast-track its transition to carbon neutrality by 10 years to 2035. Pledging to turn Germany into a “socio-ecological market economy”, Annalena Baerbock, the party’s candidate for chancellor, this weekend proposed a “pact with German industry”. Companies that became
BNP Paribas is facing allegations that its traders mis-sold billions of euros of lossmaking foreign exchange products to Europe’s largest wine exporter, the latest accusations in a widening controversy that has also enveloped Goldman Sachs and Deutsche Bank. J. García Carrión, founded in Jumilla in south-east Spain in 1890, is in dispute with the French
In this article NCNO AVGO JNJ ADSK STX Johnson & Johnson products on a shelf in a store in New York. Lucas Jackson | Reuters The S&P 500 notched new records this past week, but future gains are anything but a guarantee. Investors are still weighing the implications of a potential change in monetary policy
Britain has accused Emmanuel Macron and other senior EU figures of talking about Northern Ireland “as if it were somehow a different country,” as Brexit tensions flared again at the G7 summit in Cornwall. Boris Johnson and Dominic Raab, UK foreign secretary, have opened up a new front in their war of words with the
Israel’s parliament is poised to vote in a new government later on Sunday, ending Prime Minister Benjamin Netanyahu’s 12-year grip on power after four elections and two years of political paralysis. The vote will mark a historic change in the Jewish state’s leadership, replacing its longest-serving premier with Naftali Bennett, an ultranationalist whose Yamina party
Dominant Strategy Solution vs. Nash Equilibrium Solution: An Overview Game theory is the science of strategic decision-making in situations that involve more than one actor. These can include actual games or real-life situations like military battles, business interactions, or managerial decisions. According to game theory, the best strategy for an individual may or may not
Most entrepreneurs are risk-takers by nature, or at minimum calculated visionaries with a clear plan of action to launch a new product or service to fill a gap in the industry. On a personal level, many entrepreneurs take big risks to leave stable jobs to throw their efforts (and sometimes their own money) into launching
Amtrak, which is officially called The National Railroad Passenger Corporation, is a passenger railroad provider that runs short-distance (under 750 miles) and long-distance trains between more than 500 destinations in 46 states and in three Canadian provinces. It operates more than 300 trains daily over 21,400 miles of track. Amtrak only owns about 623 miles
E-Books vs. Print Books: An Overview In the last several years, e-books have become a mainstay of the publishing industry. However, the demise of printed books as a result of the introduction of e-books has not materialized as predicted. According to the Association of American Publishers, e-book sales in the U.S. declined slightly to $983
Milton Friedman and John Maynard Keynes are as integral to the story of economics as Adam Smith and Karl Marx. What Keynes wrought, Friedman undid, and supporters of the free market are deeply in debt to this Chicago school academic for his effort. In this article, we will look at the life and contributions of
China’s growing military and economic presence in the Atlantic region is expected to trigger a rare warning from Nato leaders about the potential security threat when they meet on Monday, diplomats said. From joint Chinese drills with Russia to western worries that China wants to set up military bases in Africa, the Nato focus reflects China’s
At 2am on the morning of May 11, Thomas Lauria poured himself a glass of Jack Daniel’s even though he was still at work. A partner in the Miami office of law firm White & Case, Lauria had spent the previous 15 hours overseeing a tense auction between two rival private equity consortiums for Hertz,
Leaders of the G7 leading western economies will on Sunday back a western rival to China’s “belt and road” initiative, in a plan to mobilise billions of dollars to help developing countries tackle climate change. Joe Biden has been leading calls to offer poor countries a new source of infrastructure finance, providing a “democratic” alternative
Even though you’re still busy working, the year before retirement is a key time to review your finances and make decisions that will affect the rest of your life. You need to take specific financial steps to ensure the comfortable and worry-free retirement you’ve always imagined. Make sure to address each of the tasks below
Aung San Suu Kyi is running low on money, does not know where she is being detained and is mostly unaware of the violent unrest unfolding in her country, according to her lawyer. The ousted 75-year-old Myanmar leader’s trial will open on Monday in Myanmar’s capital Naypyidaw, where she faces a widening array of charges
India’s largest domestic airline says it is building a war chest of more than $1bn as it prepares for a third wave of Covid-19 infections, just as a brutal nationwide outbreak begins to recede. Ronojoy Dutta, chief executive of IndiGo Airlines parent InterGlobe Aviation, told the Financial Times he hoped the carrier’s business would return
The peer-to-peer digital currency bitcoin made its debut in 2009, ushering in a new era of cryptocurrency. While tax authorities, enforcement agencies, and regulators worldwide are still debating best practices, one pertinent question—is bitcoin legal or illegal? The answer—depends on the location and activity of the user. Bitcoins are not issued, endorsed, or regulated by any
When portfolio managers talk about strategies for success, they often refer to risk diversification and money management. These strategies separate investors who are successful because of knowledge and skill from those who are merely lucky. Now, don’t be mistaken: luck isn’t a bad thing to have. But having the foundational skills will ultimately lead to
If you’re looking for a slice of Palm Springs in Los Angeles, the newly listed Lynch Residence in Studio City checks all the boxes. The midcentury gem was designed and built in 1955 by Harold B. Zook, and remains a stellar example of the architect’s mastery of form that follows function. It’s for sale at
A ticket to take a brief trip to space with Amazon founder Jeff Bezos next month has been sold at auction for $28m. The bidding process, which began in early May, drew offers from more than 7,000 participants from 159 countries, Blue Origin said. The price had stood at $4.8m ahead of Saturday’s live auction,
In July 2011, the Consumer Financial Protection Bureau (CFPB), a federal government agency, began collecting consumer complaints about credit cards. Since then, it has expanded to collecting complaints about mortgages, bank accounts, student loans, consumer loans, credit reporting, money transfers, and debt collection. If you have a complaint about one of these financial services, here’s
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