Getting laid off is never good news, but if you get a severance package it can be a boon to your savings account. It can allow you to do training while you look for a new job, bump up your emergency fund or pay off debt. But one thing many people don’t take into consideration is … Read more
A: The banking sector’s profitability increases with interest rate hikes. Institutions in the banking sector such as retail banks, commercial banks, investment banks, insurance companies and brokerages have massive cash holdings due to customer balances and business activities. Increases in the interest rate directly increase the yield on this cash, and the proceeds go directly … Read more
What is an ‘Outright Futures Position’ An outright futures position is a long or short trade that is not hedged from market risk. Both the potential gain and the potential risk are greater for outright positions instead of positions covered or hedged in some way. Outright futures are also called naked futures because they leave … Read more
Cable giant Comcast Corp. said it is in advanced stages of preparing a higher, all-cash offer for the assets of 21st Century Fox that Walt Disney Co. has agreed to buy, an effort it made public Wednesday to convince Fox shareholders of its seriousness.
Wednesday’s top personal finance stories
What is ‘Industry Loss Warranty’ An industry loss warranty is an insurance or reinsurance contract in which coverage is triggered when the losses experienced by an industry exceed a specific threshold. Industry loss warranties (ILW) are most commonly written by reinsurance companies or hedge funds, since these organizations are able to absorb more losses than … Read more
Turkey’s central bank intervened to halt the free fall of the Turkish lira on Wednesday, but it is uncertain whether it was enough to stave off a currency crisis.
William Ackman’s Pershing Square Capital Management LP is joining another activist investor in Lowe’s Cos., hoping to profit as the retailer tries to make improvements under a new chief executive.
Cryptocurrency prices are under pressure for the third day running with all major coins showing significant losses early Wednesday.
What is ‘Water Damage Clause’ A water damage clause is a clause in a property-casualty insurance contract. A water damage clause states that the insured is covered for water damage that occurs for specific reasons, such as frozen pipes or sewer backup. Water damage clauses are therefore usually included in most homeowners and renters’ policies. … Read more