China’s Stock Market Plunge Worries Some, Not All

China’s Stock Market Plunge Worries Some, Not All

The Shanghai Composite swung between massive gains and losses before closing down 3.3%. The fall pushed China’s benchmark index into bear market territory — defined by a loss of 20% from recent highs. Shares of Chinese stocks rocketed up for most of the first half of the year, increasing by nearly 50% in the first five-and-a-half months of the year. From that point, though, the market has mostly gone straight down. Stocks have dipped by…

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How Accountants Benefit from Social Media

How Accountants Benefit from Social Media

Accounting firms are utilizing social media frontiers to elevate company presence and public images. Leading by example, Accountant Cathy Iconis started Quickbooks Tweets #QBOchat and hosts a weekly live chat to further lifting the brand. Getting involved increases firm exposure, exhibits expertise, and even allows participants to learn something new from other industry professionals. Facebook pages are powerful platforms for delivering various content by combining articles and photos. Top 100 Firm Eide Bailly manages their…

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Want to start your own business right after college? Think again if you have student loan..

Want to start your own business right after college? Think again if you have student loan..

There are more and more entrepreneur-minded students graduating each year. While they have a passion to start their own business right off college, they may need to work on paying off their student loans first. The higher the student-loan debt in an area, the lower the net creation of small businesses, says a report from the Federal Reserve Bank of Philadelphia, using data culled from the Census Bureau and Equifax consumer-credit statistics. In the study,…

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UNCTAD: Asia becomes world’s largest investor region

UNCTAD: Asia becomes world’s largest investor region

Asia has become, for the first time, the world’s largest investor region with 440 billion U.S. dollars invested in 2014, followed by North America (390 billion U.S. dollars) and Europe (286 billion U.S. dollars), according to a report released Monday by the United Nations Conference on Trade and Development (UNCTAD). The global investment trend monitor published by the UNCTAD showed among 20 largest investors, nine were either from developing or transition economies, while China became…

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Japan’s core machinery orders up 2.9% in March

Japan’s core machinery orders up 2.9% in March

Japan’s core machinery orders increased 2.9 percent in March from the previous month, rising for the first time in two months, the Cabinet Office said on Monday, in a sign of a pick-up in business investment.  Machinery orders are widely regarded as a leading indicator of corporate capital investment, but their volatility makes it difficult to draw conclusions from a single month’s data. The rise in core orders, a highly volatile data series regarded as…

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Apple is the most popular stocks for Millennials and Boomers

Apple is the most popular stocks for Millennials and Boomers

TD Ameritrade recently released a study showing most popular stocks by Millennials (age 25 to 34) vs. Boomers (age 35+) Turned out, Apple was the easy winner of both groups. Apple, most popular stock for almost all age groups, according to data from trading platform TD Ameritrade (AMTD), is the first stock most people buy when they open a TD Ameritrade account. But what stock do people buy next? The list gets a lot more…

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Netflix raced past $600 per stock share

Netflix raced past $600 per stock share

Netflix (NASDAQ: NFLX) stock price reached over $600 for the first time ever on Friday, May 15, just one month after the streaming service boasted at the $500 mark. Shares of Netflix went up to $614 on Friday and are up a dazzling 77% since the beginning of this year. This makes the stock the best performer in both the S&P 500 and the Nasdaq 100. So why are investors falling all over themselves to…

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China’s Tencent posts 7% rise in quarterly profits

China’s Tencent posts 7% rise in quarterly profits

Tencent Holdings, Asia’s biggest technology company, has posted a whopping 7% year-on-year rise in quarterly net income, exceeding expectations. The firm’s results for the three months to March were boosted by revenue from video game sales and advertising. Net profit was reported at 6.88 billion yuan ($1.1 billion) for the period, against forecasts for about 6.5 billion yuan. Its revenue for the period rose 22% to 22.4 billion yuan from a year earlier. Founded 17…

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Greek Government Transfers 750m Euros to IMF

Greek Government Transfers 750m Euros to IMF

Greek government has begun the transfer of some 800-million US dollars in debt interest it owes to the International Monetary Fund. The transfer comes just hours before the repayment was due. This comes as the finance ministers from 19 countries in the Eurozone meet in Brussels in a bid to negotiate the final bailout plan for Greece. Greek Finance Minister Yanis Varoufakis says they have no plans at this point to launch a referendum on…

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