How Carlos Slim Built His Fortune

Imaginez si l’épicerie, le fournisseur de téléphonie mobile et la plus grande entreprise nationale de construction appartenaient tous à la même entreprise. Vous pouvez acheter à peu près n’importe quoi et ne jamais avoir à enrichir des concurrents. C’est essentiellement la situation au Mexique, où réside l’une des personnes les plus riches du monde, Carlos…

Data shows Bitcoin and altcoins at risk of a 20% drop to new yearly lows

After the rising wedge formation was broken on Aug. 17, the total crypto market capitalization quickly dropped to $1 trillion and the bulls’ dream of recouping the $1.2 trillion support, last seen on June 10, became even more distant. Total crypto market cap, USD billion. Source: TradingView The worsening conditions are not exclusive to crypto…

Tom Barkley

Live Tom Barkley is a seasoned writer and editor specializing in the global economy, financial markets and the environment. For 15 years at Dow Jones and The Wall Street Journal, Tom covered a range of financial markets and policy issues. He helped lead coverage of the 2008 global financial crisis as the Washington bureau’s senior…

Can the Non-Spouse Beneficiary of an IRA Name a Successor Beneficiary?

Beneficiary selection is one of the key elements of estate planning: without the right name on the right dotted line, assets can end up in the hands of those the deceased did not intend to receive. All assets need the correct beneficiary(ies), usually dictated by a will. A person who inherits the assets of the…

Bitcoin won’t hedge inflation until it hits 1B wallets: Scaramucci

Skybridge Capital CEO Anthony Scaramucci believes that while Bitcoin (BTC) continues to be an attractive asset, it has not reached the “wallet bandwidth” that is required for it to be considered an inflation hedge. Speaking on CNBC’s Squawk Box on Monday. the global investment management CEO said Bitcoin was still too much of “an early…

Primary Reserves Definition

What are primary reserves? Primary reserves are the minimum amount of cash legally required to operate a bank.Primary reserves also include legal reserves housed at a Federal Reserve Bank or other correspondent bank. Uncashed checks are also included in this amount. The legal primary reserve requirement may or may not be the binding constraint on…

Robinhood Earnings: What Happened with HOOD

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South Korean financial majors want to create virtual assets exchange in 2023: Report

Samsung Securities is among seven large South Korean securities companies that have applied for government approval to create a virtual assets exchange, according to a report in South Korean publication Newspim. The companies aim to create a corporation to open an exchange in the first half of next year. Newspim quoted an unidentified executive as…

Debt Market vs. Equity Market: What’s the Difference?

Debt Market vs Equity Market: An Overview Debt market and equity market are general terms for two categories of investments that are bought and sold. The debt market, or bond market, is the arena in which loan investments are bought and sold. There is no single physical exchange for bonds. Transactions are mainly carried out…