Cryptocurrency exchange Gemini may be considering a initial public offering (IPO). In a interview with Bloomberg, Cameron and Tyler Winklevoss, co-founders of the exchange, said they were open to the idea of going public. “We are watching the market and also having internal discussions about whether this makes sense for us at this point,” said…
What is Section 1341 credit? Section 1341 Credit is a federal measure tax credit available to U.S. taxpayers who reported income in a previous year but had to repay that income because it was paid in error in the first place. The repaid income must be more than $3,000 for the taxpayer to benefit from…
The Financial Crimes Network (FinCEN) has extended the comment period by 60 days for a controversial proposed rule it requires cryptocurrency businesses and banks to record and store customer identification details for self-hosted wallets. Agency Proposed Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets to reign last month, and its comment period…
What Is a Renewable Resource? A renewable resource is a resource that can be replenished naturally over time. As a result, it is sustainable despite its consumption by humankind. Renewable resources are considered especially important for their potential to replace non-renewable, or finite, resources in the production of energy. Additionally, renewable resources can offer cleaner…
Asset localization is a tax minimization strategy that takes advantage of the fact that different types of investments receive different tax treatments. Using this strategy, an investor determines which securities should be held in tax-deferred accounts and who in taxable accounts to maximize after-tax returns. Who can benefit from this investment strategy, how can locating…
General Motors Co. (GM) is a multinational company headquartered in Detroit, Michigan. The company designs, manufactures and markets vehicles and vehicle parts, and has been a leader in total worldwide vehicle sales for decades. Today, GM produces vehicles in 30 countries, under 10 different brands, including Chevrolet, Buick, GMC and Cadillac. It remains one of…
Halliburton Company (HAL) is trading up more than 2% in Tuesday’s premarket after beating Q4 2020 earnings estimates and hitting modest revenue tips. The oilfield equipment supplier posted earnings of $0.18 per share, $0.04 better than expectations, while revenue fell 37.6% year-over-year to hit $3.24 billion. Earnings per share (EPS) recorded a 44% drop in…
Apple Pay is a mobile payment system used by approximately 45.4 million users in the United States. An Oberlo article predicts that number will reach around 56.7 million in 2026. Key points to remember Apple Pay is definitely safer than cash and has more security features than credit cards. Some security features, such as two-factor…
What is a short-term date? A short date is a forward contract that expires in less than a year. A futures contract is an obligation involving two parties who agree on a fixed price to sell or buy an asset at a pre-determined date and time in the future. In forex trading, a short-term futures…