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When the final history of the crisis is written, we’ll likely have a better idea of precisely what went wrong. But even now, it seems clear that the global debt markets’ woes began not so much in the housing market as in the CDO market of 2007. Collateralized Debt Obligation Collateralized debt obligations were created in 1987 by bankers at Drexel Burnham Lambert Inc. Within 10 years, the CDO had become a major force in the so-called derivatives market, in which the value of a derivative is “derived” from the value of other assets....

Organizing all these details, and knowing what to include (and what to leave off), can be a complicated task. Using a template simplifies the process. Take a look at a resume template geared toward college students and recent grads, as well as advice on how to write a resume, and take advantage of this template. How To Use a Resume Template A template helps you with the layout of your resume....

The Bloomberg Commodity Index, which includes prices for energy, grains, industrial and precious metals, livestock, and soft commodities like coffee and cotton, is up more than 10% from the end of last year and now is lingering at the highest level since 2014, as the chart below shows. The Federal Reserve, already grappling with inflation running at the highest level since 1982, is about to embark on a series of increases in its benchmark fed funds rate aimed at cooling consumer demand and reining in prices....

Board members cannot let their personal interests interfere with the decisions they make as directors. So, almost all corporations have a conflict of interest policy and statements which they require directors to sign. Conflict of Interest Some examples of situations that might cause a conflict of interest for a corporate board member: If the board member has an outside business interest in a company that competes with the company where they are a board memberIf the board member is privy to board decisions that can affect the price of the company’s stock If the board member has knowledge about an upcoming company merger or acquisition or sale....

The median consumer expectation for year-ahead inflation increased to 3.4% in April from 3.2% in March, according to the April Survey of Consumer Expectations released Monday. Now at its highest level since September 2013, the estimate for year-ahead inflation has increased for seven straight months. Consumers also expect inflation will have only slightly slowed, to 3.1%, in three years. This longer-term expectation, unchanged from March, remains at its highest level since July 2014, suggesting consumers don’t see inflation easing after this year like the Federal Reserve does....

Keep reading to learn the difference between corporate banking and investment banking and how each service affects the financial industry overall. What’s the Difference Between Corporate Banking and Investment Banking? While both corporate and investment bankers serve corporations, investment banks also often work with another type of client that might surprise you: the government. Just like corporations, government entities, including local governments and the federal government, raise capital to fund certain projects....

There are several ways a minority interest might be reported for tax reasons. For example, if Macy’s Inc. bought a portion of Saks Fifth Avenue, it stands to reason that Macy’s would be entitled to that same portion of Saks’ earnings. This raises the question of how Macy’s would report its share of Saks’s earnings on its income statement. The answer depends on the amount of the company’s voting stock that Macy’s would own....

Consider these details to give you a better idea of what cost is, in terms of a business firm, and why it differs from price. What Is Cost in a Business Firm? In managerial accounting, and in a real-world business firm, one of the most important concepts is that of cost. Cost in a business firm can be thought of as an investment in the business, but it’s a specific kind of investment that goes toward efforts to sell a product or service....

For borrowers with private student loans, figuring out how to get help may be more confusing. Private student loan forbearance and relief for coronavirus-related hardship are offered at each lender’s discretion. Here’s a look at other private student loan relief and coronavirus assistance borrowers might be able to claim. Private Student Loan Lenders Offering Relief Options The good news is that most private student lenders and servicers have emergency programs to assist borrowers through the current financial crisis....

Buying a home, renting an apartment, obtaining insurance, and applying for a job involve a review of your credit report. Even some cable and telephone providers will review your credit history. Because of the long-term impact of credit, it’s important to educate the teenagers in your life on how credit cards work and what they mean for their future. Learn about credit cards for teens and how learning to manage debt can be beneficial....

Swaps work like insurance policies. They allow purchasers to buy protection against an unlikely but devastating event. Like an insurance policy, the buyer makes periodic payments to the seller. Most of these swaps protect against the default of high-risk municipal bonds, sovereign debt, and corporate debt. Investors also use them to protect against the credit risk of mortgage-backed securities, junk bonds, and collateralized debt obligations. How Credit Default Swaps Work Here’s an example to illustrate how swaps work....

The $185 is how high prices could go if fallout from the invasion continues to disrupt the market all year, JPMorgan analysts said in a research note Thursday. That likely means consumers would see sharply higher prices all around this year, but especially at the gas pump. Oil prices make up about half the price of a gallon of gas. Even though sanctions haven’t been imposed directly on Russian energy exports, buyers are reluctant to purchase Russian oil, analysts said....

Before you deduct car expenses, be sure to consult with your tax advisor. This article provides general information to get you started, but this tax subject is complex and your individual business situation is unique. Business driving expenses, to be deductible, must ​be taken with caution. Before you take this deduction, make sure you can prove them to be business, not personal, expenses, and you will need to keep excellent records to show that these expenses are for business use....

The Legality of Defeasible Fees If a transfer of real estate is qualified by a “condition subsequent,” such as the new owner cannot do something, the former owner would retain the right to initiate legal action to retake the property if the new owner does indeed do the prohibited thing. An example might be a prohibition of using the property for hunting on a ranch transfer. Should the new owner allow hunting on the property in the future, the previous owner could initiate legal action to retake it....

This market data includes information about current prices and recently completed trades. Level II data provides more information than Level I. Traders decide which data feed they require for their trading, then subscribe to that data feed through their broker. Depending on the broker, Level I and Level II may have different costs associated with them. It’s important to be aware of the differences in data feeds, so you aren’t paying for something you don’t need....

If you own stocks of dividend-paying companies through a mutual fund, the dividends will be paid to the fund, which will pass that money along to its investors. Dividend mutual funds tend to own shares of established companies. They often have a long history of paying dividends. These stocks are often referred to as “blue-chip stocks.” When companies offer a dividend on their stock, they base it off a percentage of the cost for one share of stock....

Find out more about how taxes work for Roth IRAs. Learn why a Roth IRA is a great way to invest when you’re trying to minimize your future tax bill. Roth IRAs Don’t Tax Any Gains Your Roth IRA gains are never taxed as long as you follow certain rules. This applies to short-term capital gains on investments you hold for a year or less, which are typically taxed as ordinary income....

Who’s Responsible for Debt Pre-Marriage? When one or both partners have debt coming into the marriage, the debt belongs solely to the person who incurred them. Say, for example, you have $15,000 in private student loans in your name. Your spouse-to-be has $10,000 in credit card debt in their name. Neither of you would be responsible for the other person’s debt in that scenario. The exception is if one of you acted as a co-signer for the other person or if you opened a joint credit card account....

Lump-sum investing comes with higher risk accompanied by the potential for higher returns, while dollar-cost averaging limits your overall risk and may deliver more conservative returns. Each has its benefits, and the best option for you will depend on your investment objective. What’s the Difference Between Dollar-Cost Averaging and Lump-Sum Investing? Lump-sum investing, on the other hand, is investing all your money at once. Rather than spreading out your buy orders over time, you would take the full $25,000 and invest it upfront at the most optimal time....

Maskot / Getty Images The IRS recently warned people who receive a “Form 1099-G” showing unemployment benefits they never received to contact state agencies and let them know. Doing this will “help taxpayers avoid being hit with an unexpected federal tax bill for unreported income,” the agency said in a statement. In case you didn’t know (and many don’t), unemployment benefits count as taxable income in the eyes of the IRS....