Business & Finance

After Months Of Delay, Tens Of Thousands Sign Up For New MIT Sloan Program

2 weeks ago

MIT Sloan School of Management announced the MITx MicroMasters Program in Finance in January as a way to appeal to those wanting to enhance their financial skillset, whether recent graduates, early- to mid-stage professionals or others eyeing a career in finance. The remote-learning program was designed as a way to fast-track a master’s degree in finance from MIT Sloan.

Two months later, the world stopped. As coronavirus stamped a giant question mark on the entire graduate business education universe, MIT’s new finance program became a casualty. It had been scheduled to start April 1, but it was put on hold as the Sloan School — like every other business school in the United States — grappled with the upheaval of the fast-spreading and little-understood virus.

Now, four weeks before the newly scheduled start of the program — which will be a full six months after its intended launch — one

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Flexible Solutions, Gibraltar Industries, Herc Holdings, 360 Finance and CBIZ

2 weeks ago

For Immediate Release

Chicago, IL – September 3, 2020 – Stocks in this week’s article are Flexible Solutions International Inc. FSI, Gibraltar Industries Inc. ROCK, Herc Holdings, Inc. HRI, 360 Finance Inc. QFIN and CBIZ, Inc. CBZ.

5 Top-Rated Stocks With Impressive Net Profit Margins

Net profit, also referred to as the bottom line, is one of the key tools that determines the financial health of an enterprise. The metric demonstrates a company’s ability to convert per dollar sales into profits.

A low-profit margin indicates higher risks, implying that a revenue drop might dampen profits, pushing the company in the red (net loss).

Net Profit Margin = Net profit/Sales * 100.

In simple terms, net profit is the amount a company retains after deducting all costs, interest, depreciation, taxes and other expenses. In fact, net profit margin can turn out to be a potent point of reference to gauge the

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Ant’s Mega IPO Sets Up Jack Ma to Escalate War With Tencent

2 weeks ago

(Bloomberg) —

Ant Group’s late-summer IPO filing drove home why the business — backed by 711 million monthly users that spent $17 trillion through its platform — is headed for potentially the world’s largest stock debut. Yet investors may do well to focus on the long-term threat to its core businesses from arch rival Tencent Holdings Ltd.

Ant is set to join the top echelon of global finance alongside Bank of America Corp., as it seeks to raise about $30 billion with a valuation of about $225 billion in Hong Kong and Shanghai, people familiar have said. Once the dust settles, the crown jewel of Jack Ma’s Alibaba Group Holding Ltd. empire has to contend with a renewed challenge from old nemesis Tencent that’s increasingly encroaching on its turf from payments to wealth management.

China’s two largest corporations Alibaba and Tencent are wrestling for online leadership in everything from social

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As Trump’s payroll tax holiday kicks in, here’s what employers and employees need to know

3 weeks ago

Employers are down to the wire to decide if they want to opt in to President Trump’s so-called payroll tax holiday, and tax experts note there’s a plethora of possible consequences to deferring the payroll taxes.

Back in early August, Trump issued a memorandum that would allow employers to defer the employee portion of the Social Security tax (that 6.2% per paycheck) for employees making less than $4,000 bi-weekly (or roughly $104,000 per year) from September 1 through December 31 this year. But guidance released by the IRS and Treasury on Friday, just days before the holiday would start taking effect, has many experts skeptical of the scheme.

While not explicitly stated in the guidance, experts believe it’s clear employers will be able to opt out of participating—and that most would indeed skew on the conservative side and do just that.

The upshot is that employees could temporarily see

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