The first quarter of 2023 marked a significant turnaround for South Korean memory chipmaker SK Hynix, as the company reported a net profit of 1.92 trillion South Korean won ($1.39 billion). This positive income comes after a string of losses totaling 2.58 trillion won in the same period a year ago. The shift in financial
Investment
Employee Stock Purchase Plans (ESPPs) are a common benefit offered by publicly traded companies, allowing employees to purchase company shares at a discounted price. While this benefit can be lucrative, it is crucial to understand the rules and risks associated with ESPPs before enrolling in your company’s plan. Key Considerations Before Participating Financial experts recommend
If you missed the federal tax deadline, experts advise that you should file your return and pay your balance as soon as possible. Failure to do so can result in penalties and interest accumulating on your outstanding balance. The late filing penalty is 5% of your unpaid balance per month, capped at 25% of your
The Biden administration recently released a final rule aimed at regulating the investment advice given to retirement savers by advisors, brokers, insurance agents, and other financial professionals. This rule, issued by the U.S. Department of Labor, expands the scope of when intermediaries must act as fiduciaries, ensuring that their recommendations are in the best interests
Express, a longtime staple in the mall retail industry, recently filed for Chapter 11 bankruptcy protection. This move comes as no surprise as the company has been facing a significant decline in sales over the last few years. With debts piling up and costly mall leases weighing the business down, Express found itself in financial
Teenagers today are showing a growing interest in their long-term financial health, with 83% of 13 to 18-year-olds having already considered their retirement options. However, there is a significant gap in their understanding when it comes to basic retirement planning. Many teens mistakenly believe that saving money in a bank account is the best strategy
Just an inch of floodwater can generate tens of thousands of dollars in property damage. Homeowners who have experienced such disasters often find themselves in a difficult position with their damaged homes, unsure of what to do next. The Federal Emergency Management Agency, or FEMA, has been actively involved in assisting homeowners by purchasing damaged
The uber wealthy, specifically centimillionaires with a net worth of over $100 million, operate in a world apart from the average investor. According to Kevin Teng, CEO of WRISE Wealth Management Singapore, this exclusive group of individuals epitomizes extreme wealth and is highly selective when it comes to investments. Unlike the average investor looking for
Looking to generate income in real estate without owning a property? This article explores various avenues for making money in the industry without property ownership. Discover lucrative opportunities!
When considering investment options, it is important to look at stable dividend-paying stocks, especially in times of macroeconomic uncertainty and geopolitical tensions. One such stock that stands out is Enterprise Products Partners (EPD), a midstream energy services provider known for increasing its cash distribution for 25 consecutive years at a compound annual growth rate of