Business News

Billionaire Roundup: What Our Favorite Billionaires Are Doing In a world where wealth and influence often go hand-in-hand, billionaires are not just captains of industry but also trendsetters, philanthropists, and innovators. As 2024 unfolds, let’s take a closer look at what some of the world’s favorite billionaires are up to. From tech titans to retail moguls, these individuals continue to …

What is the Lisbon Treaty? The Lisbon Treaty, also known as the Treaty of Lisbon, updated regulations for the European Union, establishing a more centralized leadership and foreign policy, a proper process for countries that wish to leave the Union, and a streamlined process for enacting new policies. The treaty was signed on December 13, 2007, in Lisbon, Portugal, and …

What Are 5 Developed Countries Without Minimum Wages? There is much debate in the United States about the minimum wage. Many people feel it should be higher since those who earn the current federal minimum wage of $7.25 per hour are often just barely making enough from full-time jobs to cover their basic necessities. Others feel any minimum wage discourages …

What Are Natural Gas Liquids? Natural gas liquids (NGL) are components of natural gas that are separated from the gas state in the form of liquids. This separation occurs in a field facility or a gas processing plant through absorption, condensation, or other methods. There are several types of natural gas liquids and many different applications for NGL products. Understanding …

The financial services industry is one of the most important parts of the U.S. economy. The sector includes insurance, investment, and real estate firms, and, more importantly, banks. According to the Federal Reservethere are 1,836 banks in the United States alone, ranging from nationally chartered to state-chartered firms. One of those names is Wells Fargo, which ranks as the third-largest …

What Is Form NR6? The NR6 Form is a Canada Revenue Agency (CRA) document that a non-resident who has received a rent or timber royalty payment in Canada must submit to the agency to declare their intent to file an income tax return for that year. The NR6 is often used in conjunction with Form NR4, which is filled out …

What Are Golden Handcuffs? Golden handcuffs are a collection of financial incentives that are intended to encourage employees to remain with a company for a stipulated period of time. Golden handcuffs are offered by employers to existing key employees as a means of holding onto them as well as to increase employee retention rates. Golden handcuffs are common in industries …

T-Mobile US, Inc. (TMUS) completed its merger with Sprint Corporation on April 1, ending the long saga that started on April 29, 2018, when the hook-up was first announced. The U.S. Department of Justice (DoJ) and Federal Communications Commission (FCC) dropped their objections in 2019, but the final deal was delayed when a team of state attorneys general challenged the …

What Is Commercial Credit? Commercial credit is a pre-approved amount of money issued by a bank to a company that can be accessed by the borrowing company at any time to help meet various financial obligations. Commercial credit is commonly used to fund common day-to-day operations and is often paid back once funds become available. Commercial credit is usually offered …