As president, Pete Buttigieg says he would measure the economy’s success not by the size of the stock market or the nation’s gross domestic product, but by whether working and middle class families are succeeding. He believes economic policies have to be focused on growing incomes for the 90%. This rhetoric may seem surprising from…
McDonald’s Corporation (MCD) beat estimates when it released its latest earnings report on Jan. 29. This snapped a three-quarter losing streak. The stock ended last week above its semiannual pivot at $216.19, with its weekly risky level at $222.53. McDonald’s has survived the adverse effects of the spreading of the coronavirus. Only 3% of its…
What Is an On-Us Item? An on-us item is a check or draft that is presented to the bank where the check writer has the funds on deposit, as opposed to the depositor’s bank (although in some cases both check writer and depositor may happen to use the same bank). The check can then be…
What Is a Merchant Account? A merchant account is a type of business bank account that allows a business to accept and process electronic payment card transactions. Merchant accounts require a business to partner with a merchant acquiring bank who facilitates all communications in an electronic payment transaction. Merchant account relationships are essential for online…
What Is a Covenant-Lite Loan? A covenant-lite loan is a type of financing that is issued with fewer restrictions on the borrower and fewer protections for the lender. By contrast, traditional loans generally have protective covenants built into the contract for the safety of the lender, including financial maintenance tests that measure the debt-service capabilities of…
What Is an Acceleration Clause? An acceleration clause is a contract provision that allows a lender to require a borrower to repay all of an outstanding loan if certain requirements are not met. An acceleration clause outlines the reasons that the lender can demand loan repayment and the repayment required. It is also known as…
What Is a Federal Credit Union? A federal credit union (FCU) is a credit union regulated and supervised by the National Credit Union Association (NCUA). The NCUA is a federal government agency with authority designated by the Federal Credit Union Act of 1934 to oversee the national credit union system in the United States. The…
What Are 6 Drawbacks of Working for Your Parents? From the moment you were born, you were on your career path. Now that you’ve graduated from college and earned your degree, the time has come. Unlike your peers who have a long hard road of online applications and job interviews ahead of them, you already…
How should investors assess risk in the stocks that they buy or sell? While the concept of risk is hard to factor in stock analysis and valuation, one of the most popular indicators is a statistical measure called beta. Analysts use it often when they want to determine a stock’s risk profile. However, while beta does…