What does Jack Ma, Founder and Executive Chairman of Alibaba Group Holding Ltd. (BABA), worth it? As of August 5, 2022, Jack Ma’s net worth was $35.4 billion as the 34th richest person in the world, according to a Bloomberg article. Much of Ma’s wealth is tied to Alibaba. He had the biggest majority stake…
Editor’s Note: Below is the Week 23 release of the NYC Recovery Index, originally published January 11, 2021. Visit the NYC Recovery Index Homepage for the latest data. The new year brought renewed optimism as New York’s economic recovery continued to improve during the week of January 2. A decrease in unemployment claims, an increase…
Mutual Fund vs. ETF: An Overview Mutual funds and exchange-traded funds (ETFs) have a lot in common. Both types of funds consist of a mix of many different assets and represent a popular way for investors to diversify. While mutual funds and ETFs are similar in many respects, they also have some key differences. A…
What is a Schedule II bank? A Schedule II bank is a subsidiary of a foreign bank that is authorized to do business in Canada. Typically, the names of these banks reflect their foreign subsidiary nature, such as Citibank Canada and Amex Bank of Canada. A Schedule I bank is a national institution such as…
What is cash is king? “Cash is King” is a slang term reflecting the belief that money (cash) is more valuable than any other form of investment tool, such as actions Where obligations. This phrase is often used when prices in the securities market are high and investors decide to save their money when prices…
What is Invest, Then Investigate? Invest, then investigate is an investment strategy in which investors first buy a stock and then research and due diligence second. Key points to remember Investing, then investigating is a strategy of buying a stock before researching its history, fundamentals, and performance. It is generally a risky and speculative strategy…
Standard CD prices Terms APY Minimum deposit CD from 7 to 89 days 0.01% $5,000 CDs from 3 to 6 months 0.01% $500 CDs from 6 to 12 months 0.01% $500 CDs from 12 to 24 months 0.01% $500 CDs from 24 to 36 months 0.01% $500 CDs from 36 to 48 months 0.01% $500…
What is the labor market? The labor market is the market in which employers seek employees and employees seek jobs. The labor market is not so much a physical place as a concept demonstrating the competition and interaction between different labor forces. It is also known as laboratory market. The labor market can grow or…
What is the American Association of Insurance Services (AAIS) The American Association of Insurance Services (AAIS) was founded in 1936 and develops insurance policy forms and loss assessment information that property and damage insurance companies use. AAIS provides information to more than 700 insurance companies of all sizes that helps them develop policies, actuarial analysis,…