Business News

What Is an Interim Statement? An interim statement is a financial report covering a period of less than one year. Interim statements are used to convey the performance of a company before the end of normal full-year financial reporting cycles. Unlike annual statements, interim statements do not have to be audited. Interim statements increase communication between companies and the public …

The panic selling across the financial markets in recent weeks has sent the prices of many broad sector-based exchange-traded-funds (ETFs) toward long-term support levels. While the sharp declines in asset prices may make it feel like major long-term trends are in jeopardy, taking a longer-term view provides a perspective that could prevent active traders from selling too early. Real Estate …

What Is the After-Tax Real Rate of Return? The after-tax real rate of return is the actual financial benefit of an investment after accounting for the effects of inflation and taxes. It is a more accurate measure of an investor’s net earnings after income taxes have been paid and the rate of inflation has been adjusted for. Both of these …

Does the FDIC Cover Business Accounts? The Federal Deposit Insurance Corporation (FDIC) was created in 1933 as part of the U.S. federal government’s response to the stock market crash of 1929 and the Great Depression that followed. A very important piece of resulting legislation, the Glass-Steagall Act, established the FDIC as one of many comprehensive safeguards against the financial calamities …

For many years, institutional investors in Japan have been criticized for being too cozy with corporations. Combined with the webs of cross-share holdings that have tied up large chunks of shares among groups into management-friendly blocks, institutional investors were viewed as having passive policies that lead them to either blindly vote in line with management, or to simply not exercise their votes at all. This …

Amgen Inc. (AMGN) shares rose more than 3% during Monday’s session after Raymond James upgraded the stock to Outperform with a $255 price target and amid a wider rally across the stock market. Analyst Dane Leone believes that disruptions for Amgen due to the COVID-19 pandemic will be limited relative to its peers and cited the company’s already conservative guidance …

Experience A lifelong animal lover, Hailey Hudson has years of experience with dog training, pet health, and other related topics. Vet school was her plan for many years, but Hailey ended up forging a career in her other passion—writing. Now Hailey works as a full-time freelance writer and content marketer. She covers pet health and dog training topics for clients, …

Experience Jen Smith has been a full-time personal finance writer since 2018. After growing up with no personal finance education at home or in school, Jen learned firsthand the value of increasing her income, becoming debt-free and investing for retirement. Since paying off $78,000 of debt in two years without a six-figure income she’s been teaching others how to navigate student …

What Are Accounting Controls? Accounting controls consists of the methods and procedures that are implemented by a firm to help ensure the validity and accuracy of its financial statements. The accounting controls do not ensure compliance with laws and regulations, but rather are designed to help a company operate in the best possible manner for all stakeholders. Key Takeaways Accounting …