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Fossil Group, Inc. (FOSL) shares moved sharply lower after the company released weak financial results and guidance. Revenue fell 9.6% to $711.6 million, missing consensus estimates by $13.05 million, and net losses came in at six cents per share. Higher promotional activity and an inventory write-down depressed gross margins to 43.3% versus 53% a year ago. The company does not …

Energy funds have dropped to 10-year and all-time lows in reaction to a barrage of short- and long-term headwinds. While the coronavirus outbreak and downturn in crude oil prices have generated a good portion of this selling pressure, major political and socioeconomic forces are at work as well, with climate activists putting pressure on large international banks and hedge funds …

The S&P 500 index and Dow Jones Industrial Average have sold off into deep support levels that should generate high-percentage bounces and opportune profits for highly skilled traders and investors. This will also mark an extremely dangerous period for novices and armchair technicians because it will be easy to get caught on the wrong side of the tape and get …

What Is an Accumulated Earnings Tax? An accumulated earnings tax is a tax imposed by the federal government on companies with retained earnings deemed to be unreasonable and in excess of what is considered ordinary. Essentially, this tax encourages companies to issue dividends, rather than retain their earnings. The IRS allows for certain exemptions to the tax rule. Key Takeaways …

What is a Turnkey Solution? A turnkey solution is a type of system built end-to-end for a customer that can be easily implemented into a current business process. It is immediately ready to use upon implementation and is designed to fulfill a certain process such as manufacturing (in part or whole), billing, website design, training, or content management. A turnkey …

The rapid spread of the coronavirus (COVID-19) has spurred a wave of selling in the equity markets, with the S&P 500 Index down by about 9% in early afternoon trading from its 52-week, intraday high set on Feb. 19. That retreat has pushed the index to levels last seen in early December, and stocks face steeper declines if the virus …

What Is a Vostro Account? A vostro account is an account a correspondent bank holds on behalf of another bank. These accounts are an essential aspect of correspondent banking in which the bank holding the funds acts as custodian for or manages the account of a foreign counterpart. For example, if a Spanish life insurance company approaches a U.S. bank …

Markets Today U.S. markets were in free fall today and the selling gathered momentum into the close, as California announced that it was monitoring 8,400 people for potential coronavirus infections. The DJIA was down 4.4% or 1190 points, its biggest one-day point decline in history. Keep in mind, it’s the percentage, not the points, that matters. The S&P 500 and …

What Is the Guaranteed Minimum Pension (GMP)? The Guaranteed Minimum Pension is the minimum pension that a United Kingdom occupational pension scheme must provide those public sector employees who were contracted out of the State Earnings Related Pension Scheme (SERPS)between April 6, 1978, and April 5, 1997. Key Takeaways The Guaranteed Minimum Pension exists to offset wages to public sector …