Hailey Hudson

The history of U.S. debt goes back to the American Revolution and almost all of the deficits in the early days were the result of war. The federal government managed to pay off its entire debt back in 1835, which was the first time that the country was ever debt-free. And since then, wars, economic…

What Is M-Pesa? M-Pesa is a mobile banking service that allows users to store and transfer money through their mobile phones. M-Pesa was introduced in Kenya as an alternative way for the population of the country to have access to financial services. Safaricom, the largest mobile phone operator in Kenya, launched M-Pesa in 2007. The…

An initial public offering (IPO) is the process by which a privately-owned enterprise is transformed into a public company whose shares are traded on a stock exchange. This process is sometimes referred to as “going public.” After a private company becomes a public company, it is owned by the shareholders who purchase its stock. Many…

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,…

What Is a Book Transfer? A book transfer is the transfer of funds from one deposit account to another at the same financial institution. An example would be when an individual moves funds from their checking account to their savings account. It can also be used to refer to the change in ownership of an…

What Is Regulation O? Regulation O is a Federal Reserve regulation that places limits and stipulations on the credit extensions a member bank can offer to its executive officers, principal shareholders, and directors. The regulation is designed to prevent bank directors, trustees, executive officers, or principal shareholders (“insiders”) from benefiting from favorable credit extensions. Key…