Indonesia will be a key battleground for Southeast Asian tech platforms and digital banks. getty Much of the digital banking conversation in Asia thus far has centered on Hong Kong and Singapore. They have been the most proactive in the region about establishing digital banks and their importance as financial centers means that neobanks in… More
LLC Law Is Seriously Messed Up When It Comes To Charging Orders getty Exela Technologies, Inc., is a business automation company which has numerous subsidiaries. Some of these subsidiaries in multiple layers. One of these subsidiaries, SourceHOV Holdings, Inc. XELA , (“Holdings”) was involved in a merger of other Exela subsidiaries, in which the surviving… More
Richard Li attends the Milken Institute Global Conference in Los Angeles, California. Jonathan Alcorn/Bloomberg FWD, the Asian insurer backed by Hong Kong billionaire Richard Li, has filed confidentially for an initial public offering in the U.S. PCGI Intermediate, which is FWD’s holding company, said on Thursday that it has submitted a draft registration statement to… More
Cheng Wei, CEO of Didi, attends a launch event of D1 electric vehicle on November 16, 2020 in … [+] Beijing, China. Xin Yue/Huanqiu.com/VCG via Getty Images Didi Chuxing, the Chinese ride-sharing giant, has filed for an initial public offering in the U.S. that looks set to be one of the largest listings of the year.… More
SAN MATEO, CA – JUNE 23: Gasoline prices over $5.00 per gallon are displayed at a Shell station … [+] June 23, 2008 in San Mateo, California. Gasoline prices continue to rise as the national average for regular unleaded is at a new record high of $4.10 per gallon. (Photo by Justin Sullivan/Getty Images) Getty… More
Social Security payments are largely based on your lifetime earnings history. If those records are incorrect, you may receive a lower benefit when you retire. Of course, nearly everything that’s reported to Social Security comes from your employers and tax returns (if self employed). Although you receive a statement every year on how much you… More
Wealth management’s future depends on hiring and developing a diverse workforce and doing a better job of servicing the needs of fast-growing minority communities. Census figures show that whites’ share of the U.S. population declined in all 50 states since 2010. Four in 10 Americans now identify with a race or an ethic group other… More
Summary Tech guru invested in 7.43% stake. Company had its IPO in May. Chase Coleman (Trades, Portfolio), founder of Tiger Global Management and one of Julian Robertson (Trades, Portfolio)’s former “tiger cubs,” disclosed a 7.43% stake in newly public Procore Technologies Inc. (PCOR, Financial) earlier this week. The guru’s New York-based hedge fund is known for focusing on small-cap stocks and… More
The Toyota Prius Prime is not only one of the most fuel-efficient cars in the U.S., it’s among the … [+] cheapest to lease this month. Toyoa It’s a tough time to be in the market for a new car or SUV. New vehicle inventories are low thanks to pandemic-fueled factory shutdowns last year and… More
The latest guidance for the Paycheck Protection Program solves a problem related to deductions, but … [+] also brings a decision on when to claim the benefit. getty If you received a Paycheck Protection Program (PPP) loan, but did not deduct payroll expenses on your 2020 tax return, this is what you need to know.… More
If your uncle, best friend or bank loans you money, is it taxable? Nope, not if it’s a real loan. But the loan or income distinction lands many people in trouble with the IRS. Besides, interest rates on risky loans like litigation funding and pre-IPO stock are high, and you might not be able to… More
WASHINGTON, DC – NOVEMBER 28: Chairman of the Federal Reserve nominee Jerome Powell testifies … [+] during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee November 28, 2017 on Capitol Hill in Washington, DC. Powell will succeed Janet Yellen to be the next Federal Reserve Board chairman if confirmed by the… More
This is an excerpt from Deal Flow, Forbes’ daily newsletter about big buyouts, big mergers and the rest of Big Finance. Want a new edition in your inbox every afternoon? Subscribe here. What happens when you combine just about every major buzzword that has enveloped private equity in recent years in a single $12.5 billion… More
. For investors focused on policies aimed to improve the nation’s defenses by requiring the installation and modernization of technology that detects and blocks malicious cyber activity on federal information and operational networks, cybersecurity stocks FireEye FEYE , Fortinet FTNT and Palo Alto Networks PANW may help protect your portfolio. Modernization of the Nation’s Cybersecurity… More
A new study of college admission tests finds that the SAT and ACT tests discriminate against low-income, minority and female students in college admissions at selective colleges. The average combined SAT test score grows with increasing family income. Mark Kantrowitz The cause is not intentional discrimination, but rather a statistical artifact of the way in… More
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