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HSBC Holdings PLC (HSBC) is a multinational investment bank and financial services institution. It is headquartered in the U.K. Its U.S.-based subsidiary, HSBC Bank USA, has its operational headquarters in New York City. The company has operations in 63 countries and territories, including in Europe, Asia, North and Latin America, the Middle East, and North

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

Borrowers can use personal loans for all kinds of purposes, but can the Internal Revenue Service (IRS) treat loans like income and tax them? The answer is no, with one significant exception: Personal loans are not considered income for the borrower unless the loan is forgiven. In other words, you cannot be taxed on loan

In March 2020, U.S. lawmakers agreed to pass a $2 trillion stimulus bill called the CARES (Coronavirus Aid, Relief, and Economic Security) Act to blunt the impact of an economic downturn set in motion by the global coronavirus pandemic. On March 27, 2020, President Trump signed the bill into law. With most forecasters at the time

Stock market investors accept the risk that prices will fall from time to time—sometimes severely—but people who buy a house may assume that the value of their home will never decrease by all that much. They’re not wrong. Historically, the housing market has not suffered from the frequent price bubbles and extreme volatility that are

Federal Trade Commission (FTC) regulators voted unanimously to accept an agreement Thursday that ordered Credit Karma to pay $3 million to consumers for misleading them with promises of credit card “pre-approvals” despite knowing those guarantees weren’t real. The order mandates that the company cease from making such claims in the future and requires extra record

Roughly 9.7 million people identify as American Indian and Alaska Native (AI/AN), either alone or in combination with one or more races, according to the most recent census report from 2020. This represents about 2.9% of the total U.S. population. A number of programs have been created to serve the needs of this part of

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

Revenue vs. Retained Earnings: An Overview Revenue and retained earnings provide insights into a company’s financial performance. Revenue is a critical component of the income statement. It reveals the “top line” of the company or the sales a company has made during the period. Retained earnings are an accumulation of a company’s net income and net

In June 2015, Gene Munster, a senior research analyst at Piper Jaffray, argued that Facebook Inc. (now Meta) had a 45% upside potential. The tech company was then trading just above $90, meaning Munster thought the stock could get as high as $130. He was right—eventually. FB reached $130 in January 2017 and then kept

Key Takeaways The highest-grossing movie franchise of all time is the Marvel Cinematic Universe. The top two highest-grossing franchises, the Marvel Cinematic Universe and Star Wars, are both owned by Disney. Four of the five highest-grossing franchises are based on either a series of comic books or a series of novels. Just like sports franchises,

Social Security fraud statistics can be difficult to pin down. Some are grouped inside a larger category that the Social Security Administration (SSA) calls “improper payments,” which includes everything from innocent mistakes to willful fraud. The SSA estimates that it made about $7.9 billion worth of improper payments during the 2019 fiscal year. Social Security-related

American Express has launched a new limited-time offer on three of its Hilton Honors co-branded credit cards. New cardholders with the Hilton Honors American Express Card, Hilton Honors American Express Surpass Card or Hilton Honors American Express Business Card can earn up to 130,000 bonus points. Here’s how to take advantage of these offers and

Rates on 30-year mortgages bolted dramatically higher Thursday. The flagship average is now a full third of a point above the 6% threshold, as well as within just a few points of the highest level seen since 2008. Today’s National Mortgage Rate Averages On June 14, 30-year mortgage rates entered historic territory when the average

The U.S. economy added 315,000 nonfarm payroll jobs in August 2022, but the unemployment rate rose to 3.7% from 3.5% in July. Notable job gains were observed in professional and business services, healthcare, and retail trade. Economists surveyed by Bloomberg had forecast job growth of 300,000 in August, with the unemployment rate remaining at 3.5%.

When the global COVID-19 pandemic began in March 2020, the U.S. Department of Education made the bold move to pause payments on eligible federal student loans while fixing interest rates at 0%. In the meantime, all collections activity on federal student loans was brought to a halt, which proved crucial as millions of Americans lost

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

Profit margins are perhaps one of the simplest and most widely used financial ratios in corporate finance. A company’s profit is calculated at three levels on its income statement, starting with the most basic—gross profit—and building up to the most comprehensive: net profit. Between these two lies operating profit. All three have corresponding profit margins

What Is Contribution Margin? The contribution margin can be stated on a gross or per-unit basis. It represents the incremental money generated for each product/unit sold after deducting the variable portion of the firm’s costs. The contribution margin is computed as the selling price per unit, minus the variable cost per unit. Also known as

Labor unions are associations of workers formed to protect workers’ rights and advance their interests. Unions negotiate with employers through a process known as collective bargaining. The resulting union contract specifies workers’ pay, hours, benefits, and job health and safety policies. Thanks to the efforts of labor unions, workers have achieved higher wages, more reasonable