Tag: business

Elizabeth

Kelley School Of Business

Financial Headlines

I update our Google Sheet repeatedly for adjustments in checking account balances, shareholdings, dividend & interest earnings obtained and many others. As a lot as I like designing the templates, graphs and charts on the different spreadsheets (which is important in understanding your personal finance scenario), I at all times suppose to myself whether or not it is possible to have a single window on all of our holdings.

Term Loans are the counter components of Fastened Deposits in the Financial institution. Banks lend money on this mode when the repayment is sought to be made in mounted, pre-decided installments. This type of mortgage is generally given to the debtors for acquiring long term property i.e. property which is able to benefit the borrower over a long interval (exceeding no less than one 12 months). Purchases of plant and machinery, developing constructing for factory, setting up new tasks fall on …

Elizabeth

DeSantis vs. Disney: Governor proposes Florida control Reedy Creek

Business News

Disney has had a sweet deal in Florida for decades. It might not last much longer.

Gov. Ron DeSantis, widely expected to run for president next year, intensified his feud with Disney on Friday with a plan to take control of the governing board for the company’s sprawling Florida property—and make the entertainment giant assume $700 million in outstanding debt.

Walt Disney World has enjoyed the privileges of a special governing district, called Reedy Creek, since 1967.

“The corporate kingdom has come to an end,” said Taryn Fenske, communications director for the governor, in a statement. “Under the proposed legislation, Disney will no longer control its own government, will live under the same laws as everyone else, will be responsible for their outstanding debts, and will pay their fair share of taxes.”

A notice posted to the Osceola County website suggested the proposed legislation would leave almost no aspect

…
Elizabeth

Morphe makeup is closing nearly 20 stores in the U.S.

Business News

Morphe makeup, which rode the power of social media stars to rapid growth and a $2 billion valuation, said it’s planning to close all its US stores. 

On Thursday, the company listed about twenty locations on its website. Forma Brands, Morphe’s parent, didn’t respond to a request for comment. Morphe also sells through its e-commerce site and Ulta Beauty.

Partnerships with powerhouse internet celebs such as Jeffree Star and James Charles helped revenue top $400 million in 2019, according to a company presentation from December 2021 reviewed by Bloomberg. But Morphe severed ties with them after Star was accused of using racist language in 2020 and allegations of sexual misconduct plagued Charles in 2021.

Results at Forma, which generates about 80% of its sales from Morphe, have since suffered. Revenue missed internal planning by about 20% in 2021, according to the document. In the first 10 months of that year,

…
Elizabeth

If you had invested $1,000 in Tesla 5 years ago, you’d have $4,973 today, a gain of 397%

Business News

Tesla stocks have continued to fall, declining 13% on Tuesday, a day after the electric auto maker reported vehicle production and delivery numbers for the fourth-quarter of 2022.

The company sold just 405,000 cars during the final three months of 2022, falling short of Wall Street analysts’ estimate of 420,000. 

Still, even with such significant losses, Tesla has seen tremendous growth since its inception. 

The company first went public in 2010 at $17 per share and hit just over $400 per share at its all-time high in November, 2021. Worth well over $300 billion, Tesla is recognized as one of the most valuable car companies in the world. 

How much you’d have if you’d invested $1,000 five years ago

For shareholders who got in on Tesla stock early, these short-term declines don’t erase their long-term gains. 

On January 2, 2018, one share of Tesla was trading at $21.37. As of

…
Elizabeth

House Republicans adjourn for the day in chaos after failing to elect Kevin McCarthy as speaker in a historic defeat

Business News

Unable to elect Republican leader Kevin McCarthy as the new House speaker Tuesday, the Republicans adjourned for the day in disarray as the party tries to regroup from his a historic defeat after a long, messy start for the new Congress.

The surprise move end to Day One shows there is no easy way out for McCarthy whose effort to claim the gavel collapsed to opposition from conservatives. Needing 218 votes in the full House, McCarthy got just 203 in two rounds — less even than Democrat Hakeem Jeffries in the GOP-controlled chamber. A third ballot was even worse, with McCarthy losing 20 votes as night fell on the new House GOP majority, tensions rising as all other business came to a halt.

The House agreed to return at noon Wednesday.

McCarthy had pledged a “battle on the floor” for as long as it took to overcome right-flank fellow Republicans

…