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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 assets that are uncorrelated to widely held stocks like Apple …

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 the supposed white knight of the target company will collude …

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. Although almost all of this money is considered profit for …

What is a lightweight file? A “thin file” refers to the credit report of a person with little or no credit history. Consumers who are just starting out and who may never have taken out a loan or had a credit card are said to have light files. Key points to remember A person with little or no credit history …

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 in the company and its …

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 in restaurant reservations and gains …

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 major difference between the two …

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 the Royal Bank of Canada …

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 are cheaper. It can also …