Investing News

A reference to the underground economy—also known as the shadow or black economy—may conjure up images of drug deals and prostitution rings, but the term actually has a far broader scope. It refers to any economic activity that is not reported to government authorities and, consequently, is not taxed. Cooking a meal for your family
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Before securities—like stocks, bonds, and notes—can be offered for sale to the public, they first must be registered with the Securities and Exchange Commission (SEC). Any stock that does not have an effective registration statement on file with the SEC is considered “unregistered.” Key Takeaways Any security without a registration statement on file with the
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James Dimon, known as Jamie, is an American billionaire businessman and financial executive. He became chief executive officer (CEO) of JPMorgan Chase & Co. (JPM) in 2006 and chairman of the firm in 2007. Under Dimon’s leadership, JPMorgan Chase has become the largest U.S. bank by consolidated assets and the largest bank in the world
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Travelers who utilize travel search engines and fare aggregators such as Kayak may well wonder, since Kayak’s services are free to consumers, how such companies make money. Companies like Booking Holdings (BKNG)—formerly known as Priceline, which acquired Kayak in 2013—bring in billions of dollars in annual revenue. Kayak earns money through advertisements, when it refers
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What’s wrong with the American tax system? Depending on their perspectives, taxpayers complain about a wide range of features. However, a recent study by the Pew Research Center reveals that a majority express a concern that the system is unfair. They believe that it often requires low- and middle-income individuals to pay taxes on a
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Amazon (AMZN) is one of the most valuable companies in the world, with a market capitalization exceeding one trillion dollars. One-way AMZN has continued to grow is by introducing new products and acquiring complementary businesses. One such product is Amazon Prime. This membership service gives subscribers certain perks like free two-day shipping of products, access
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As U.S. Fed Chair Jerome Powell prepares to discuss monetary policy to try and tame inflation that could slow the U.S. economy, Chinese officials outlined new stimulus measures to give the world’s second-largest economy a boost. China’s State Council rolled out a trillion yuan package in economic stimulus. The latest $146 billion in assistance will
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The Commonwealth of the Bahamas owes its tax haven status to its tax- and business-friendly laws for foreign investors. This is because citizens of the Bahamas and resident aliens pay no taxes on personal income, inheritance, gifts, or capital gains. Instead, the government derives revenue from other forms of tax, including value-added tax (VAT), property taxes, stamp
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Rising energy prices—fueled at least in part by Russia’s invasion of Ukraine—have made life uncomfortable for many Americans. Though prices for crude oil, gasoline, diesel fuel, and heating oil are forecast to drop a bit in 2023, the costs of of natural gas and electricity are expected to rise slightly next year. And all these
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Honda Motor Company announced it is partnering with South Korea-based LG Energy Solution to construct a new battery plant in the U.S., establishing a joint venture (JV) with the battery manufacturer. The new plant would enable Honda to produce lithium-ion batteries to power electric models of its Honda and Acura vehicle brands. Together, LG Energy and Honda will invest
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Investing in the crypto market is a challenge, to say the least. It seems to defy any rules that apply to other markets, and investors can simply be overwhelmed by the volatility and the technical nature of the market. That said, it’s not without reason that many popular investors and companies are beginning to apportion
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The U.S. labor market will be in the spotlight this week, as upcoming reports could provide insights into how the Federal Reserve’s agenda of rate hikes to address inflation is impacting the job market. On Tuesday, the Bureau of Labor Statistics (BLS) is set to release its monthly Job Openings and Labor Turnover Survey (JOLTS) report tracking hires, quits,
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Cars are indispensable for most of us who don’t live in New York City. While it’s common knowledge that car expenses traditionally rival only dwelling expenses in the standard household budget, is it true that cars have gotten correspondingly more expensive over the years? Henry Ford achieved business immortality by democratizing the car. Of his
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