What Is a Mandatory Convertible? A mandatory convertible is a type of convertible bond that has a required conversion or redemption feature, rather than the convertible feature being an option. For these bonds, either on or before a contractual conversion date, the holder must convert the mandatory convertible into the underlying common stock. Key Takeaways…
What could be better than starting your day by jumping out of bed to snack on cereal in front of today’s cartoons in your pajamas? Not much, I assure you. Except maybe earning 5 million euros while we sleep and seeing the Mayans come back to life to tell us what they think of our…
Being a star offers many advantages – starting with getting super expensive gifts all the time – but it doesn’t protect you from everything. It’s not because we are super famous and hyper full of aces that we are safe from falling into a well-crafted scam one day. On the contrary, the richer we are,…
Global markets plunge despite Fed stimulus plans U.S. markets trip circuit breakers as they fall 7% at open Bank stocks punished as investors worry about liquidity concerns U.S. markets plunged 7% as the market opened Monday, tripping circuit breakers for the third time in a week as concerns around the impact of the coronavirus grow….
So yes, life was cooler in the Middle Ages, surely, but at that time, it was still more difficult to make jokes about the Black Death, Pépin le Bref and the Crusades. Whereas today, we can count on history-loving tweeters to tell us about those ancient times, like the fabulous @Jehanlb, good old Sir Le…
It seems that to err is human, that you can’t be perfect all the time and that sometimes you have days that are more complicated than others. CERTAINLY. The thing is, when the mistake is really huge, it can cost someone’s life, OR WORSE… Money (what? The meaning of what? Priorities?? Know pô). A brief…
World markets have been pummeled overnight, bringing CME index futures to a crashing halt while U.S. equity funds forecast that the S&P 500 and Nasdaq 100 will open nearly 10% lower on Monday morning. Investors who have been told repeatedly not to panic in a downturn aren’t heeding the advice, which is contributing to margin…
Whether you like to celebrate the date of your arrival in life or not, you must have already been to a birthday party at least once in your life (yes, remember your great-aunt Lucie’s birthday who forced you to eat cake on his lap when you just wanted to play marbles). What good times. Today,…
We hope you’re having a good Sunday, we’re not going too badly, fresh as usual. We did a recap of last week and we can tell you that we found some nuggets that will make you laugh. Not laughing HAHHAHAH but at least a little smile. Even a sigh will be good enough. READERS’ FAVORITE…