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What is a tax code? In the United States, the federal and state governments impose a variety of taxes under their respective tax laws, often referred to as tax codes. An income tax code is a law that prescribes the rules that individuals, businesses, and other entities must follow when paying a portion of their income into thegovernment of the …

FuelCell Energy, Inc. (FCEL) shares rose more than 3% as President Biden’s pro-environment agenda offset weak fourth-quarter financial results that fell short of expectations. Key points to remember FuelCell Energy shares rebounded after President Biden decided to join the Paris climate accord and signed a series of executive orders. The move came despite worse-than-expected fourth quarter financial results and concerns …

In July 2022, the Consumer price index for all urban consumers (CPI-U) was unchanged on a seasonally adjusted basis, after rising 1.3% in June. However, the all-items index has increased by 8.5% over the past 12 months. In June, the year on year (YOY) the increase was 9.1%. The gasoline index fell 7.7% in July. This offset increases in the …

What is the Main Street Lending Program? The main street loan program was run by the Federal Reserve System (Fed) to support small and medium-sized businesses and nonprofit employers impacted by the COVID-19 pandemic. The program made $600 billion in loan facilities available to employers, who had to be in good financial health before the COVID-19 crisis began. To encourage …

What are over-the-counter (OTC) products? Over-the-counter (OTC) is the process of trading securities through a broker network as opposed to a centralized exchange like the New York Stock Exchange. Over-the-counter transactions may relate to shares, bonds and derivativeswhich are financial contracts that derive their value from an underlying asset such as a commodity. Where companies do not qualify for listing …

What are staggered reserves? Lagged reserves are a method for calculating the required level of bank reserves on hand or with a Federal Reserve Bank. The amount of the reserve requirement is based on the value of the bank’s assets submission of the application accounts for the previous two weeks. Key points to remember Lagged reserves refer to a method …

What Is Ethereum? At its core, Ethereum is a decentralized global software platform powered by blockchain technology. It is most commonly known for its native cryptocurrency, ether, or ETH. Ethereum can be used by anyone to create any secured digital technology. It has a token designed for use in the blockchain network, but it can also be used by participants …

What is a Premium Put Convertible? A premium convertible put is a type of bond that combines the characteristics of put obligations with the attributes of Convertible links. Like a put bond, a convertible premium put can be exchanged for cash at the discretion of the bondholder. Like a convertible bond, a convertible put premium can be converted into shares …

It’s been a tough week for token stocks. On Monday, Nvidia had warned its revenue would be much lower than its forecast as gaming revenue slowed. Then Micron cut its current quarter revenue and warned of free movement of capital for the quarter as customer inventories pile up amid weaker demand for chips used in PCs and smartphones. micron (IN) …