Inarguably, one of the current century’s biggest investment narratives has been the rise of China stocks. Once a mess of an economy suffering from an identity crisis, the Asian juggernaut embraced Western-style capitalism — at least in its business dealings. Quickly, the so-called Chinese miracle occurred, catapulting the nation to an economic powerhouse second only
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In financial and managerial accounting, inherent risk is defined as the possibility of incorrect or misleading information in accounting statements resulting from something other than the failure of controls. Incidents of inherent risk are most common where accountants have to use a larger than normal amount of judgment and approximation, or where complex financial instruments
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In this article CYDY Young chemist working with chemical substances during scientific experiment in laboratory. skynesher | E+ | Getty Images Company: CytoDyn Inc. (CYDY) Business: CytoDyn is a late-stage biotechnology company. The company focuses on developing treatments for multiple therapeutic indications based on leronlimab, a novel humanized monoclonal antibody targeting the CCR5 receptor. Its
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In this article HON TWTR INTC SAM SNAP Pedestrians walk past Skechers shoes displayed outside of a store in San Francisco, California. Getty Images Check out the companies making headlines before the bell Friday: American Express – American Express gained 3.3% after reporting quarterly earnings of $2.80 per share. That beat the consensus estimate of
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Over the last few months, I’ve generally been bullish on the upside potential of Churchill Capital Corp IV (NYSE:CCIV), the special purpose acquisition company that’s about to merge — barring unusual circumstances — with Lucid Motors, an electric vehicle manufacturer that could potentially challenge competitor in the space Tesla (NASDAQ:TSLA). Admittedly, though, it’s difficult not
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California will strengthen the security of the debit cards it uses to issue unemployment insurance and other benefits following a wave of fraud, according to an announcement from the state’s Employment Development Department. The state agency plans to work with Bank of America to start rolling out chip-enabled debit cards to new claimants, as well
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In this article AXP INTC SAM HON TWTR S3 Studio | Getty Images Check out the companies making headlines in midday trading. Snap — Shares of Snap soared roughly 24% after better-than-expected second-quarter earnings results. The social media company reported strong growth of users, engagement and ads. Twitter — Twitter shares gained 3.4% after reporting its fastest revenue
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Prior to the U.S. Postal Service making its announcement regarding which company will replace its aging fleet of mail carriers, Workhorse (NASDAQ:WKHS) showed great promise. As the only fully electric-based proposal, the company aligned perfectly with the zero-emissions sentiment that was gradually building bipartisan support. Thus, WKHS stock appeared a no-brainer. Source: Shutterstock As it
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Traders who’ve held shares of online entertainment platform Roblox (NYSE:RBLX) have done well overall since the company went public. Yet, RBLX stock has been frustratingly directionless in the past couple of months. Source: Miguel Lagoa / Shutterstock.com Roblox is a promising company as it offers gamers an immersive virtual world and an escape from reality for
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Although Canada does not receive the same kudos for innovation and technological development as the United States, it punches above its weight when it comes to emerging financial technology (fintech) companies. Here’s a look at five Canadian fintech companies that are making a name for themselves by providing innovative financial solutions for customers: Payfirma, Quandl,
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