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The U.S. generally accepted accounting principles (GAAP) require companies to adhere to uniform reporting standards that govern accounting in the U.S. However, companies increasingly supplement their GAAP reporting with pro forma financial statements. Management argues that GAAP statements do not provide a true picture of the company’s operations, and it adjusts GAAP statements to provide

Zillow home page Source: Zillow Investors looking for stock ideas into the second half of 2021 may want consider some of these fresh ideas. These are stocks that Wall Street analysts believe are primed to surge over the long run and offer good value now. The names highlighted in this article not only fit the

The stretch IRA was not actually a type of IRA. Rather, it was a wealth transfer method that involved an IRA—specifically, any non-spouse beneficiary you designated to inherit your IRA. With this estate planning strategy, you had the potential to “stretch” your IRA’s distributions (and tax benefits) over several generations. Why do we say “had”?

Sir Richard Branson, left, and CEO Michael Colglazier celebrate the company’s third spaceflight test on May 22, 2021. Virgin Galactic Jeff Bezos plans to launch himself to the edge of space on July 20, but fellow billionaire Sir Richard Branson might still try to fly with Virgin Galactic first. Virgin Galactic leadership previously stated the company

In financial terms, passive income describes money that a one-time investment continually generates, without requiring the investor to monitor or adjust their holdings. The passive investing strategies below warrant a closer look. 1. Real Estate Despite fluctuations over the recent years, real estate persists as a preferred choice for investors looking to generate long-term returns.

In this article SPCE VSS Unity is released from carrier aircraft VMS Eve during the launch of its third spaceflight on May 22, 2021. Virgin Galactic Virgin Galactic announced on Friday that the Federal Aviation Administration granted the company the license it needs to fly passengers on future spaceflights, a key hurdle as the venture

In this article RAD Rite Aid CEO Heyward Donigan told CNBC on Thursday she’s “cautiously optimistic” the U.S. would avoid another round of strict Covid restrictions despite the presence of the delta variant. “We all hope that enough people get vaccinated that we don’t have the variant become so significant that our markets shut down again,” Donigan

What sets good traders apart from the masses? It isn’t necessarily the ability to pick precision entries and exit points, but rather an understanding of risk and risk management. Risk management when trading futures shares many of the same features as that of stocks – for instance, futures traders are exposed to price risk in

The history of currency exchange is a rich and storied one, going back centuries before Chicago became a city. Records found in Amsterdam indicate that at some point during Holland’s Golden Age of the 17th century, the British and the Dutch were engaged in trading coin, 200-odd years before the Windy City’s first financial institution opened

A GameStop store is pictured in New York, January 29, 2021. Carlo AllegriI | Reuters GameStop shares climbed after the videogame retailer said it sold five million additional shares, raising $1.13 billion in capital to accelerate growth. The original Reddit favorite meme stock jumped 9% in premarket trading on Tuesday after the company announced the

Crypto investor Mike Novogratz told CNBC on Tuesday that bitcoin faces near-term uncertainty after falling below $30,000, but he maintained a long-term positive outlook. Bitcoin has struggled in the past two months, after notching an all-time high in April near $65,000. The weakness in recent days comes as reports indicated China took further steps to

Bob Farrell spent decades as the head of research at Merrill Lynch, establishing himself as one of the leading market analysts on Wall Street. His insights on technical analysis and general market tendencies were canonized as “10 Market Rules to Remember” and have been distributed widely ever since. Here, we review these timeless axioms and how

A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, May 15, 2021. Kathleen Flynn | Reuters Engine No. 1, the upstart activist firm that put three candidates on Exxon’s board of directors, is launching an exchange-traded fund in a bet that shareholder activism will take center stage in coming years. The Engine

Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken June 7, 2021. Egdar Su | Reuters MicroStrategy said Monday it owns more than 100,000 bitcoins after completing another purchase round, this time spending roughly $489 million on 13,005 tokens. Shares of the Virginia-based enterprise software company were down more than 6% in

In an ideal world, you get to work in a palatial, heavenly setting while you pursue your professional dreams of being a chief financial officer (CFO), controller, investment banking executive, or a private equity partner. Saint Peter (better known as human resources) lets you pass through the pearly gates with ease during interviews and you

CNBC’s Jim Cramer said Monday he’s offloaded most of his bitcoin holdings, expressing concerns around the recent crackdown on crypto mining by the Chinese government and bitcoin’s role in some ransomware attacks. “Sold almost all of my bitcoin. Don’t need it,” Cramer said on “Squawk on the Street,” more than two months after he first

A good financial advisor acts as a fiduciary who can help you with various financial tasks such as estate planning and investing. If your financial advisor is not meeting your expectations, it might be time for a new one. Breaking up can be hard to do. That’s particularly true when it comes to your financial

Stewie the Yorkie Chihuahua is seen outside the New York Stock Exchange ahead of the IPO for Chewy Inc., June 14, 2019. Andrew Kelly | Reuters Given the current financial landscape, how can investors spot compelling plays? One strategy is to look for stocks that boast strong upside potential through 2021 and beyond. The names

If one were to poll investors and investment professionals to determine their ideal investment scenario, the vast majority would no doubt agree: It’s a double-digit total return in all economic environments, each and every year. Naturally, they would also agree that the worst-case scenario is an overall decrease in asset value. But despite this knowledge,

Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC Jamie Dimon believes cash is king – at least for the time being. JPMorgan Chase has been “effectively stockpiling” cash rather than using it to buy