Accountancy firm EY monitors all the statements put out London Stock Exchange listed companies. The FTSE Construction & Materials sector issued a record 33 profit warnings in 2020. We have previously reported that there were 28 profit warnings in the sector in the first nine months of 2020. The latest EY Profit Warnings Report reveals that there were a further five warnings in the final...
When markets keep rising steadily for an extended period, there comes a point when the talking heads on television start forecasting a correction. What’s a correction? Nothing more than a moderate decline in the value of a stock market or the price of an individual asset. A correction is generally agreed to be a 10% to 20% drop in value from a recent peak. Corrections can happen to the S&P 500, a...
Jeff Bezos will soon depart as Amazon.com Inc.’s (AMZN) chief executive officer. Some investors may be feeling more queasy than nostalgic about the impending changes. Bezos founded Amazon 25 years ago, growing the company from a tiny online bookseller into an Internet behemoth with more than 1.3 million employees, two headquarters and $126 billion in sales in the fourth quarter of 2020...
Two of the hottest investments in the world just collided. Tesla’s iconoclastic chief executive Elon Musk announced today that his company has purchased $1.5 billion in Bitcoin and will begin accepting payments in the cryptocurrency. Buoyed by the news, investors flooded into the most popular cryptocurrency, pushing it up almost 14% to nearly $44,000 as of writing. At this time last year, one...
A capital gain is when you sell an investment or an asset for a profit. When you realize a capital gain, the proceeds are considered taxable income. The amount you owe in capital gains taxes depends in part on how long you owned the asset: Long-term capital gains are from an asset you’ve held for more than one year, and short-term capital gains apply to profits from selling an asset you’ve held for...
Owning real estate could be the oldest form of investing, but the costs and risks of holding real estate might be a poor fit for you. Luckily, real estate investment trusts, more commonly known as REITs, can provide you with most of the pros of real estate investing with very few of the cons. What Is a REIT? A real estate investment trust is a company that owns, operates or finances real estate. REITs...
At the start of the 2010s, the internet was flooded with articles debating the role of millennials in the workplace. Arguments were made in favor of hiring millennials and giving them the chance to excel in leadership positions. Others disagreed, citing that millennials were too young for these responsibilities and were not yet ready to manage or take the lead. The world has changed dramatically in the...
The coronavirus has shattered the EU’s three-decade-old strategy for keeping its debt in check, and a potentially contentious discussion on what should replace it will have to be had at some point. Yesterday’s cut to the 2021 growth outlook only underscored the challenge faced by member states in managing their finances. With interest rates at rock bottom, economic realities have also changed...
Pay-per-click (PPC) ads can add tons of value to your business, attracting and converting new consumers, while widening reach and visibility. If you’re currently not using PPC ads to promote your brand, today is the day to start. The benefits of PPC advertising include: buyer conversion increased audience reach higher profits stronger brand recognition increased access to marketing...
It’s hard to believe now, but only a decade ago, the internet was awash with articles questioning how Facebook makes money. No one’s asking that anymore. Today, we understand advertising is the lifeblood of all the big social networks. Paid social media has become a key component of many brands’ marketing strategies. The more people these platforms have access to, the more money they make...
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