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John Jacob Astor, a fur trader, was the first recorded millionaire in America.
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FDI in China surpassed $100 billion in 2010, certain key factors drive foreign direct investment.
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Goldman Sachs alumni have an unprecedented history of seamlessly moving from private to public service. Here's a short list of a few notable examples.
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Protect what you have while shifting risk is the motto of the rich. Find out how a life insurance policy can help you do the same.
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New York Airway launches the first passenger helicopter air service in New York City.
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There are many ways to hit the million-dollar mark, but the faster you try to get there, the harder it becomes.
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The right CEO can make all the difference in a company's market position.
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Freelance work is a way to escape the daily grind - but don't ignore the added responsibility that comes with freedom.
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Banks' shrinking reserves and careless handling of customers' money are tarnishing the system's once-sterling reputation.
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Millionaires think differently. Not just about money, about everything.
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There's a lot that the average person can learn from celebrity financial failures.
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On June 22, 1984, Virgin Atlantic Airways launches its inaugural flight from London to Newark.
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Cheerios and the Hula Hoop were both created on this day. Coincidence?
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Though not as well-remembered as some of his contemporaries, Andrew Carnegie's legacy is strong and moralistic.
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The most successful people have more in common than just money. Find out what you can learn.
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Find out how the Tier 1 capital ratio can be used to tell if your bank is going under.
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From lawn care to summer fairs, expenses can skyrocket if you're not paying attention.
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On this day in 1947, the association of investment professionals was formed.
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The successes of these three CEOs can be linked back to one common factor: customer service.
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On this day in 1880, Bell transmitted the first wireless telephone message.
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Learn how global warming is starting to heat up America's corporate climate.
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Make your daily commute more efficient with these simple tips. Find out how much you could save just by going to and from work.
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Herbert Henry Dow, a Canadian by birth, was a remarkable man. A chemist and an entrepreneur, Dow was one of the first people to realize that brine, an abundant mixture of chemicals that often hampers oil drilling, could be broken down into more useful components.
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These wacky inventions didn't look like the money machines they became for their creators.
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Working nine months a year and earning a six-digit salary might seem like the high life, but these jobs are not easy to come by.
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Having a million-dollar portfolio is a retirement dream for many people but making that dream come true requires some serious effort.
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Frank Quattrone was one of the most powerful figures during the dotcom bubble. He was one of the first investment bankers to recognize the potential of the fledgling companies in Silicon Valley and established himself on the ground floor long before venture capital flooded in.
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Don't overlook the details when starting up a business. It's the small expenses that have the potential to make or break a great idea.
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Adam Smith's 1776 classic may have had the largest global impact on economic thought.
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Business owners have many financial tools at their disposal. Should a credit card be one of them?
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A. NoneB. $1,000C. $1,500D. $2,000
Correct answer: DExplanation: The account is in restriction since the equity is less than 50% of the market value. [MV – DR = EQ --$18,000 - $10,000 = $8,000]. 50% of $18,000 = $9,000. The account is in restriction by $1,000.
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Banks are no longer the only option for a loan - the P2P lending system operates without them.
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Julius Caesar was emperor of Rome for a scant five months, but in that short time he changed the course of financial history. A lifelong debtor himself, Julius Caesar gave the world bankruptcy laws. The world's earliest bankruptcy laws were discovered on the obelisk containing Hammurabi's code, but Caesar's ...
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This thriving country was brought to its knees by the rapid growth - and subsequent decline - of its banking industry.
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Not everyone can land the glamour jobs, but the world of finance has a lot more to offer.
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William Durant, the founder of General Motors, lost control of his company due to his aggressive expansion plans. Going wholeheartedly from a carriage manufacturer to an automotive force, Durant used debt to finance his takeovers and mergers with other auto startups.
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This investment vehicle attracts wealthy investors to increase the value of portfolio companies.
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Learn the pros and cons before you bid adieu to sales meetings and power suits forever.
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We provide 6 tips for creating a winning business in a losing economy.
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Chapter 7 bankruptcy is sometimes also called liquidation bankruptcy. Firms experiencing this form of bankruptcy are past the stage of reorganization and must sell off any un-exempt assets to pay creditors. In chapter 7, the creditors collect their debts according to how they loaned out the money to ...
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The Chartered Financial Analyst (CFA) program is by no means an introduction to the world of investment. CFA Institute (formerly AIMR) describes the CFA program as being supplementary to any finance-related education and investment experience already completed by an investment professional.
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Attract new clients by tailoring your message to specific age groups.
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Find out how this economic cycle affects both small and big business.
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The short answer to the question is that they differ in timing of valuation. Both pre-money and post-money are valuation measures of companies. Pre-money refers to a company's value before it receives outside financing or the latest round of financing, while post-money refers to its value after it gets ...
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The global interconnection of U.S. payment systems makes commerical and financial transfers possible.
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A case study in how poor planning toppled a subprime mortgage giant.
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Your work environment can make or break your career as an entrepreneur.
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Retired entrepreneurs who have "played it safe" and retirees who want to stretch their dollars are looking to invest here.
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Going public refers to a private company's initial public offering (IPO), thus becoming a publicly traded and owned entity. Businesses usually go public to raise capital in hopes of expanding; venture capitalists may use IPOs as an exit strategy - that is, a way of getting out of their investment in ...
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Find out how to beat a plateau and boost your sales to the next level.