Jumbo vs. Conventional Mortgages: An Overview Jumbo mortgages and conventional mortgages are two types of financing borrowers use to purchase homes. Both loans require homeowners to meet certain eligibility requirements including minimum credit scores, income thresholds, repayment ability, and down payments. Both are also mortgages issued and underwritten by lenders in the private sector, as

Limited liability partnerships (LLPs) are a flexible legal and tax entity that allows partners to benefit from economies of scale by working together while also reducing their liability for the actions of other partners. As with any legal entity, it is important that you check the laws in your nation (and your state) before getting

What Is a Split? Mutual funds split the same way individual stocks split, but less often. Like stock splits, mutual fund splits do not result in any change in net value, so they are primarily a marketing device. A split occurs when a mutual fund increases the number of shares outstanding while simultaneously decreasing the price per share

On Feb. 24, 2021, President Biden took a big step toward addressing the green card backlog: he revoked a freeze the former administration had put on several types of visas due to the COVID-19 pandemic. The move was an extension of his recent proposal to reform the immigration process. It also served to clear the

eBay Inc. (EBAY) began in the mid-1990s as a way for otherwise unconnected buyers and sellers to meet, through the previously unknown method of typing in a URL. According to folklore, founder and current chair Pierre Omidyar created the site to help his girlfriend deal in Pez candy dispensers. The company now officially debunks the

Pharmaceutical companies face infamously high barriers to entry in the United States. Many studies and business textbooks cite the pharmaceuticals and drug sector as examples when describing barriers to entry. Most countries have some barriers to the entry of the legal drug sector due to the research and manufacturing startup costs, but the U.S. Food

For Best Buy Co, Inc. (BBY), China was far from its best experience. The Minnesota-based company, best known for its big-box retail stores that sell consumer electronics products, withdrew from the Chinese market in 2014 by selling off the majority stake in its local partner, Five Star Appliance Co, to a Chinese real estate company. In a statement at that

After a lifetime of working and saving, retirement is the light at the end of the tunnel. Most of us envision it as a time of rest and relaxation when we enjoy the fruits of our labors. We envision a steady source of income without the need to go to work each day. It’s a

For years, Apple (AAPL​) has held onto its rank as the most valuable publicly traded company in the world. As of Sept. 2, 2022, its market capitalization is $2.7 trillion. That’s above the likes of other major technology companies, such as Amazon.com (AMZN) and Google (GOOG). Apple shares are trading at $155 a share. The rise of Apple

What Is Bloomberg? If you work in the business world, there’s a very good chance you’ve heard of Bloomberg LP. The company is among the leading providers of financial news and information. It also provides price data, analyst coverage, analysis tools, and other services. it’s probably best known for its print and broadcast news services—it

Roth IRA vs. 401(k): An Overview Both Roth IRAs and 401(k)s are popular tax-advantaged retirement savings accounts that allow your savings to grow tax free. However, they differ where tax treatment, investment options, and employer contributions are concerned. Contributions to a 401(k) are made pre-tax, meaning they are deposited before your income taxes are deducted

In this article WDAY HUBG MCD INTU MRVL A logo of the McDonald’s restaurant is seen in the window with a reflection of Kremlin’s tower in central Moscow, Russia March 9, 2022. Maxim Shemetov | Reuters Another month has gone by and the market outlook shows no signs of improvement. August began on an upbeat

A reference to the underground economy—also known as the shadow or black economy—may conjure up images of drug deals and prostitution rings, but the term actually has a far broader scope. It refers to any economic activity that is not reported to government authorities and, consequently, is not taxed. Cooking a meal for your family

HSBC Holdings PLC (HSBC) is a multinational investment bank and financial services institution. It is headquartered in the U.K. Its U.S.-based subsidiary, HSBC Bank USA, has its operational headquarters in New York City. The company has operations in 63 countries and territories, including in Europe, Asia, North and Latin America, the Middle East, and North

Many people perceive being wealthy as having a nice house, a late-model car, and maybe a summer cottage. But the kind of money that the wealthiest 1% of the world’s households has dwarfs this concept. This segment of the population owns large portions of major corporations, multibillion-dollar investment funds, islands in the Caribbean, and even

Before securities—like stocks, bonds, and notes—can be offered for sale to the public, they first must be registered with the Securities and Exchange Commission (SEC). Any stock that does not have an effective registration statement on file with the SEC is considered “unregistered.” Key Takeaways Any security without a registration statement on file with the

Borrowers can use personal loans for all kinds of purposes, but can the Internal Revenue Service (IRS) treat loans like income and tax them? The answer is no, with one significant exception: Personal loans are not considered income for the borrower unless the loan is forgiven. In other words, you cannot be taxed on loan