finance definition

Posted in

New Zealand budget plan offers modest financial relief ahead of election

WELLINGTON, New Zealand (AP) — Months before an election, New Zealand’s government on Thursday offered some modest financial relief to many people by making most prescription medicines free and increasing subsidies for child care and public transportation.

But the government’s annual budget plan was notable for its lack of big new initiatives. Since taking office earlier this year, Prime Minister Chris Hipkins has promised a back-to-basics approach and axed many of the more ambitious — and contentious — plans of his predecessor, Jacinda Ardern.

Finance Minister Grant Robertson said the budget was all about doing the basics well.

“It’s pragmatic

…
by s1mple•
Trump files FEC disclosure, providing a public look at his personal finances
Posted in

Trump files FEC disclosure, providing a public look at his personal finances

Former President Donald Trump is seen leaving Trump Tower on Thursday in New York City. File Photo by John Nacion/UPI
Former President Donald Trump is seen leaving Trump Tower on Thursday in New York City. File Photo by John Nacion/UPI | License Photo

April 15 (UPI) — Former President Donald Trump filed a financial disclosure report with the Federal Election Commission on Friday, providing the public with a rare look at his personal finances.

In the document, an FEC employee who reviewed the filing noted that Trump had been given two extensions totaling 90 days to submit the report.

Such filings are required by federal law as a means of combatting corruption during a federal election and his filing will

…
by s1mple•
Is the Biggest Lie in Finance Costing You $900,000?
Posted in

Is the Biggest Lie in Finance Costing You $900,000?

Few Ph.D papers have been more influential than economist Eugene Fama’s 1965 thesis.

Fama’s hypothesis helped spark a school of thought in finance that held that all efforts to beat the stock market over the long term were futile.

Called the efficient market hypothesis, it maintains that all of the relevant information concerning a company’s prospects would already be known and “priced into” the stock.

Individual investors might pick a stock they felt could yield outsized returns, and a few might get lucky and beat the markets for a short while.

But the efficient market hypothesis held that eventually, investors’

…
by s1mple•
Posted in

CT public campaign financing faces a reckoning in self-funders era

The dominance of wealthy self-funders in the Connecticut gubernatorial races is prompting an examination of how to restore the relevance of the state’s groundbreaking public financing system to top-of-the ticket elections.

Campaign finance reports filed this week showed Democratic Gov. Ned Lamont spent $25.7 million to win reelection to a second term, while his Republican opponent, Bob Stefanowski, spent $14.5 million.

Had they opted for public financing under the voluntary Citizens Election Program, they would have been limited to about $8 million — roughly the amount Lamont spent just on television advertising in the last five weeks of the campaign.

…
by s1mple•
Collapsed crypto giant recovers over $5bn of assets
Posted in

Collapsed crypto giant recovers over $5bn of assets

Former FTX chief executive Sam Bankman-Fried.

The former chief executive of FTX Sam Bankman-Fried

Collapsed cryptocurrency exchange FTX has located more than $5bn (£4.1bn) of assets, an attorney for the firm says.

However, a US bankruptcy court was told on Wednesday that the extent of losses to customers is still unknown.

Prosecutors have accused FTX’s former chief executive Sam Bankman-Fried of orchestrating an “epic” fraud that may have cost investors, customers and lenders billions of dollars.

Mr. Bankman-Fried has pleaded not guilty to charges that he cheated investors.

“We have located over 5 billion dollars of cash, liquid cryptocurrency and liquid investment securities,” Andy Dietderich, an

…
by s1mple•
Posted in

County clerk shows mixed results for Southland TIF districts

Revenue for tax incremental financing districts was a mixed bag last year in the south and southwest suburbs, with some record gains in tax revenue and other losses, according to a report by Cook County Clerk Karen Yarbrough.

The report, released last week, is based on 2021 property tax levies, with calculations of taxes anticipated to be collected in 2022.

Two districts in Blue Island expected to collect TIF revenue of $3.1 million in 2022, up from $2.9 million in 2021, according to the clerk’s report.

Three TIF districts in Calumet City had $3.9 million in taxes collected in 2021,

…
by s1mple•
Shares fall as S&P 500 caps worst 12 months since 2008
Posted in

Shares fall as S&P 500 caps worst 12 months since 2008

Shares closed decrease throughout the board on Friday to complete off the worst 12 months for the US inventory market because the monetary disaster.

When the 12 months’s closing closing bell rang on Friday, the S&P 500 and Dow have been every off about 0.2%, whereas the tech-heavy Nasdaq fell a extra modest 0.1%.

With Friday’s losses, the S&P 500 fell 19.4% in 2022, its largest calendar-year decline since a 38% drop in 2008. Closing at 3,839.50 on Friday, the S&P 500 now stands on the identical stage as March 2021.

The Nasdaq Composite dropped 33% and stands on the

…
by s1mple•