Personal debt in the United States is skyrocketing. In the last quarter of 2018, data from the Federal Reserve revealed that collective personal debt exceeded $4 trillion in America for the first time ever, and had reached over $4.5 trillion by June 2022. One of the recommended ways to pay
What is the Russell Small Cap Completeness Index? The Russell Small Cap Completeness Index is a market capitalization weighted index composed of Russell 3000 stocks that are not included in the Standard & Poor’s 500 index. By constructing it this way, investors have a large basket of small- and mid-cap
What is a Lady Macbeth strategy? A Lady Macbeth strategy is a corporate takeover scheme in which a third party poses as a White knight to gain trust, only to then turn around and join the hostile side in a Hostile takeover offer. Behind the scenes, the hostile bidder and
What is breakage? Breakage is a term used to describe revenue earned by retailers from unused gift cards or other prepaid services that are never claimed. In these cases, the business pockets the money paid for these items, without actually providing the service or item the customer originally paid for.
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
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
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
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