Finance

What is a STRATS (Structured Asset-Backed Trust Security)? A structured repackaged asset-backed security (STRATS) is a derivative that pays an income stream to the holder based on a trust’s interest in an asset-backed security (ABS) and related derivative. . Key points to remember An asset-backed structured rollover (STRATS) is a securitized investment that bundles ABS…

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The United States Trustee handling Celsius’ bankruptcy proceedings has called for an independent examiner to be brought in to “untangle” the embattled network’s financial affairs and business operations. In a motion filed on Thursday to the United States Bankruptcy Court by William K. Harrington, the US Trustee has asked for an examiner to look into…

Intel Corp. decided to replace CEO Bob Swan with industry veteran and VMware CEO Pat Gelsinger, less than a month after activist investor Third Point Partners urged the chipmaker to retain an adviser in investment to explore strategic alternatives. Intel announced Wednesday that Gelsinger will take the helm from Swan on February 15. Gelsinger started…

What is qualitative analysis? In business and management, qualitative analysis uses subjective judgment to analyze a company’s value or prospects based on non-quantifiable information, such as management expertise, industry cycles, the strength of research and development and working relationships. Qualitative analysis contrasts with quantitative analysis, which focuses on numbers found in reports such as balance…

Government-controlled “programmable money should terrify you,” says social media influencer and TV Host Layah Heilpern, who sees central bank digital currencies (CBDCs) as a way for banks and governments to reign control over their people. In an interview on Friday with British news outlet GB News, Heilpern, who also released Undressing Bitcoin: A Revealing Guide…

What is the retail inventory method? The retail inventory method is an accounting method used to estimate the value of a store’s merchandise. The retail method provides a store’s ending inventory balance by measuring the cost of inventory against the price of merchandise. In addition to sales and inventory for a period, the retail inventory…

What are liquidated damages? Liquidated damages are presented in some legal contracts as an estimate of otherwise intangible or hard-to-define losses for one of the parties. This is a provision that allows the payment of a specified sum in the event of breach of contract by one of the parties. Key points to remember Liquidated…

Cryptocurrency lending firm Hodlnaut has cut most of its workforce and has applied to be placed under judicial management due to bleak financial circumstances. Hodlnaut, which offers interest-bearing cryptocurrency investment options in vetted institutions, confirmed the dire state of affairs on Friday. The company’s poor financial position has been put down to losses suffered by…