In the United States, credit unions are divided into two categories: state-chartered and federally chartered. Though they share many characteristics, requirements, and purposes, the difference in charters impacts the regulation and titling of a given credit union. State-chartered credit unions fall under the regulatory authority of their respective state’s division of financial services. Federally chartered…
Working capital is the money used to cover all of a company’s short-term expenses, including inventory, payments on short-term debt, and day-to-day expenses—called operating expenses. Working capital is critical since it is used to keep a business operating smoothly and meet all its financial obligations within the coming year. Key Takeaways Working capital is the…
What Is GoHenry? GoHenry is an online app and debit card designed to help children from age six to 18 manage their allowances through intuitive budgeting and responsible spending. Launched in 2012, the United Kingdom-based company offers unique parental controls, letting moms and dads individually monitor the debit card transactions for each of their children….
What Is a Payroll Card? A payroll card is a prepaid card on which an employer loads an employee’s wages or salary each payday. Payroll cards are an alternative to direct deposit or paper checks. These cards are manufactured by major payment processors, such as Visa, allowing workers to use them anywhere electronic payment cards…
What Is a Portfolio Investment? A portfolio investment is ownership of a stock, bond, or other financial asset with the expectation that it will earn a return or grow in value over time, or both. It entails passive or hands-off ownership of assets as opposed to direct investment, which would involve an active management role….
Deere & Company (OF) shares rose 7% during Friday’s session after the company reported better-than-expected first quarter financial results and maintaining its fiscal year 2020 outlook. Revenue fell 5.9% to $6.53 billion, beating consensus estimates by $360 million, and GAAP earnings per share came in at $1.63, beating consensus estimates by 37 cents. While the…
NVIDIA Corporation (NVDA) beat earnings estimates on Feb. 13, and the stock set its all-time intraday high of $316.31 on Feb. 21. Then came the coronavirus decline, and the stock ended last week below its semiannual pivot at $299.72. Despite this volatility, the stock is above a “golden cross” on its daily chart, and its…
Internet content giant Alphabet Inc. (GOOGL) reported earnings on Feb. 3, beating estimates on earnings per share but missing on revenue. The stock reacted to the downside, trading as low as $1,422.03 on Feb. 4. This put the stock midway between its annual value level at $1,408.56 and its monthly pivot at $1,444.72. Once the…
What Are On-the-Run Treasuries? On-the-run Treasuries are the most recently issued U.S. Treasury bonds or notes of a particular maturity. On-the-run Treasuries are the opposite of “off-the-run” Treasuries, which refer to Treasury securities that have been issued before the most recent issue and are still outstanding. Media mentions about Treasury yields and prices generally reference…