Business News

We’ve been smelling it for weeks, but the bear market finally arrived today as the 30-stock Dow Jones Industrial Average (DJIA) tumbled 5.86%, down over 20% from its recent highs, as the World Health Organization announced that the deadly coronavirus is a global pandemic. That didn’t necessarily cause the fall, but it’s the latest development in what has become a …

Margin trading in the forex market is the process of making a good faith deposit with a broker in order to open and maintain positions in one or more currencies. Margin is not a cost or a fee, but it is a portion of the customer’s account balance that is set aside in order trade. The amount of margin required …

What Is a Patronage Dividend? A patronage dividend, also known as a patronage refund, is a distribution that a cooperative pays to its members or investors. Patronage dividends are given based on a proportion of profit that the business makes. Once this amount is determined, management calculates the dividend according to how much each member has used the co-op’s services. …

Vivint Solar, Inc. (VSLR) shares fell more than 12% after disappointing fourth quarter results and guidancebut analysts are confident that it’s nothing but a short-term blip. Revenue rose 21.4% to $77.1 million, missing consensus estimates by $11.05 million, but net losses came in at 27 cents per share, beating consensus estimates by six cents. Fourth quarter installations rose 22 percent …

Individual investors are leaning into Warren Buffett’s famous axiom“Be fearful when others are greedy, and be greedy when others are fearful,” despite the steep correction across U.S. markets since late February. According to trading data from Fidelity Investments and Vanguard, two of the biggest brokers serving retail investors, their clients are showing no signs of panic and adding stocks to …

As much of the world population continues to focus its attention on the spread of the coronavirus, it is just about impossible to ignore the important role of the health care sector and the various industries that make it up. For investors, it reaffirms the place within portfolios for those companies that seek to discover, develop, and produce drugs and …

What Are Fleet Cards? Fleet cards are a type of payment card that allows businesses to manage expenses associated with the vehicles they own and operate. Fleet cards, also known as fuel cards, act just like charge cards and are provided by major oil and/or specialized credit companies. Businesses provide their personnel—namely transportation employees—with fleet cards for fuel, vehicle repairs, …

Ride-share companies Lyft, Inc. (LYFT) and Uber Technologies, Inc. (UBER) have been pummeled in recent weeks, dumping these volatile issues into and through their 2019 lows. Of course, the coronavirus outbreak is to blame, but investors are just now realizing these companies probably won’t be profitable by the dates they’ve told Wall Street, and even worse, there are no guarantees …

The Bank of England has cut interest rates by 50 basis points to 0.25% as it anticipates “an economic shock that could prove sharp and large, but should be temporary.” The Monetary Policy Committee (MPC) voted unanimously for the emergency cut and other measures in a package to support the economy. It includes the introduction of a new Term Funding Scheme with incentives for …