Weighted Average vs. FIFO vs. LIFO: An Overview When it comes time for businesses to account for their inventory, businesses may use the following three primary accounting methodologies: Weighted average cost accounting Last in, first out (LIFO) accounting First in, first out (FIFO) accounting Each of these three methodologies relies on a different method of
Investing News
Getty Images The majority of companies have now reported their earnings, revealing the winners and losers from the ongoing coronavirus pandemic. Although many companies failed to meet analyst expectations, there are some notable exceptions. And with these fresh insights, analysts are reviewing their short-term and long-term take on the stocks they cover. In this unprecedented
Healthcare is expensive. In addition to rent or mortgage payments, healthcare costs can be one of the biggest monthly budget items for many individuals. Paying medical bills can be a financial burden and a significant challenge. To help consumers address this challenge, a variety of well-known lenders and healthcare companies–including GE Capital, JPMorgan Chase, CitiGroup,
CNBC’s Jim Cramer said President Donald Trump’s Thursday morning tweet that suggested delaying the November election could cause problems for equity investors. “It sows chaos, and chaos is bad for the stock market,” Cramer said on “Squawk on the Street.” Dow futures extended their fall slightly in the wake of Trump’s tweet. They then made
Fidelity Investments For Janae, a Client Management Representative at Fidelity Investments, one of the most exciting aspects of working for the firm is the career development opportunities it offers. After graduating college in 2008, Janae began her career as an Internal Wholesaler for a large firm, before becoming a recruiter for financial advisors. But in
Warren Buffett, chairman and CEO of Berkshire Hathaway David A. Grogan | CNBC Warren Buffett’s Berkshire Hathaway this week again added to his already-enormous stake in Bank of America at a time when the coronavirus pandemic dampens the economic outlook and interest rates hold near record lows. A Securities and Exchange Commission filing showed Buffett’s
During its third quarter earnings results on Thursday Apple said that the company’s shareholders approved a four-for-one stock split. Stock splits are cosmetic, meaning they do not change anything about a company’s underlying fundamentals. They can lead to renewed interest from smaller investors by making the shares — which are now cheaper — more accessible.
The marijuana industry includes companies directly related to the research, development, and distribution of cannabis products, as well as companies that indirectly support these operations. Traditional stock market indices like the Nasdaq have begun to include more companies from the marijuana industry as a growing number of U.S. states and countries around the world legalize
Advanced Micro Devices, Inc. (AMD) shares rose more than 12% during Wednesday’s session after the semiconductor company reported better-than-expected financial results for the second quarter. Revenue rose 26.1% to $1.93 billion during the quarter, beating consensus estimates by $70 million, and non-GAAP earnings per share came in at 18 cents, beating consensus estimates by one
The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in New York, on May 26, 2020. Tayfun Coskun | Anadolu Agency via Getty Images The stock-market debate lately has taken place largely from the extremes. The believers are calling the powerful rebound from the Covid-shock lows a brand-new bull market, with a
Virgin Galactic is giving its customers a first look inside the cabin that will carry them to the edge of space and back, as the space tourism company gets closer to finishing development of its spacecraft. “Every seat is a window seat,” Virgin Galactic design director Jeremy Brown told CNBC about the interior. The cabin’s design
U.S. markets have been stumbling over the past two weeks as a resurgence in COVID-19 cases has forced the re-closings of several states around the country. We are right in the teeth of earnings season, which is expected to be one of the worst on record. Financials led the way last week, and this week
A smart phone with the icons for the J.P. Morgan apps. Christopher Wong | S3studio | Getty Images JPMorgan Chase is ditching plastic for some of its credit cards. The Wall Street giant’s commercial cards team is partnering with Bay Area start-up Marqeta to launch digital-only credit cards. The new function will allow JPMorgan corporate cards
CNBC’s Jim Cramer urged investors Monday to remain cautious about the length of time it takes to develop a successful coronavirus vaccine, saying that Massachusetts-based biotech firm Moderna may be painting too rosy of a picture. “It’s not a simple case. You don’t just say, ‘Hey, look at this. These people didn’t get Covid over a couple weeks.’
Dropbox, Inc. (DBX) is a file hosting service company based in San Francisco, California. The company specializes in cloud-based storage, synchronization, and personal cloud and client software. Essentially, Dropbox allows users to create unique folders on their personal computers; the software then saves and syncs those folders to the cloud (rather than taking up storage space
1. Wall Street to bounce after two session decline 2. Gold hits all-time high as U.S.-China tensions flare As stocks surge, gold has also been moving higher, with prices hitting a record high Monday morning as relations between the U.S. and China continue to deteriorate. Gold jumped above $1,943 per ounce before moderating some of
Obtaining permanent residency status–or gaining citizenship in a foreign county–may seem like a good idea for those who no longer want to live in the country where they were born or whose passport they hold. But some nations make that transition especially difficult unless you marry a citizen of that country (or, in some cases,
The country of North Korea, officially known as the Democratic People’s Republic of Korea (DPRK), has an isolated and tightly controlled command economy. A command economy is a standard component of any communist country. In a command economy, the economy is centrally planned and coordinated by the government. The government of North Korea determines what goods should
Advanced Micro Devices, Inc. (AMD) reports earnings on July 28, with analysts expecting a profit of $0.17 per share on $1.86 billion in second quarter 2020 revenue. The stock fell more than 3% after the semiconductor giant met first quarter estimates and issued in-line second quarter guidance in April, but it bottomed out quickly and
CNBC’s Jim Cramer on Thursday praised Tesla CEO Elon Musk for building a company that promises to be much more than just electric vehicles. “This man is selling technology, and he’s talking about fully assisted and then he’s talking about driverless. He’s thinking so much bigger,” Cramer said on “Squawk on the Street.” ”He’s a big thinker.