Recourse vs. Non-Recourse Loans: An Overview A recourse loan allows a lender to pursue additional assets of a borrower who defaults if the balance of the debt surpasses the value of the collateral. A non-recourse loan permits the lender to seize only the collateral specified in the loan agreement, even if its value does not
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Every year, about 40% of American adults visit at least one of the casinos that are located in Las Vegas, Nevada, in Atlantic City, New Jersey, or in one of the dozens of places in between, not to mention on the web. A lucky few take home a lot of money. Alas, If you win
Private equity firms have been a historically successful asset class and the field continues to grow as more would-be portfolio managers join the industry. Many investment bankers have made the switch from public to private equity because the latter has significantly outperformed the Standard & Poor’s 500 Index over the last few decades, fueling greater
Traders on the floor of the New York Stock Exchange. Source: NYSE The latest volatility in China – with regulators in Beijing attempting to reign in several sectors of the Chinese economy – is only the latest blow for international investors. “The invest in China mantra has always been based on the idea that China
Changpeng Zhao, CEO of Binance, speaks during a TV interview in Tokyo, Japan, on Thursday, Jan. 11, 2018. Akio Kon | Bloomberg | Getty Images The boss of cryptocurrency exchange Binance says he’s willing to step down from his role as the company seeks to become a regulated financial institution. Speaking at a virtual press
In this article UPS Tournament employees work to squeegee the court after rain delays a match between Kim Clijsters and Sloane Stephens during the Truist Atlanta Open at Atlantic Station on July 26, 2021 in Atlanta, Georgia. Casey Sykes | Getty Images Shares of logistics company UPS fell sharply on Tuesday after the company’s second-quarter
Key Takeaways Apple’s services revenue surpassed analyst estimates. Profit margins on the company’s services revenue are much larger than on revenue generated through product sales. iPhone sales rose 49.8% compared to the year-ago quarter. Source: Predictions based on analysts’ consensus from Visible Alpha Apple (AAPL) Financial Results: Analysis Apple Inc. (AAPL) reported Q3 FY 2021 earnings
Jeff Bezos holds the aviation glasses that belonged to Amelia Earhart as he speaks during a press conference about his flight on Blue Origin’s New Shepard into space on July 20, 2021 in Van Horn, Texas. Joe Raedle | Getty Images Blue Origin founder Jeff Bezos on Monday offered to cover billions of dollars of
Omar Marques | LightRocket | Getty Images In typical Robinhood fashion, the stock trading app hosted an unconventional virtual roadshow on Saturday. Rather than holding the event behind doors among investment bankers and hedge funds, as is typical, the event was democratized as Robinhood management fielded questions from everyday investors. Robinhood is seeking a market valuation
Traders work on the floor of the New York Stock Exchange (NYSE), July 21, 2021. Brendan McDermid | Reuters (Click here to subscribe to the new Delivering Alpha newsletter.) Initial public offerings have come roaring back, on track for a record year as companies race to go public in a stock market at all-time highs. So far
(Click here to subscribe to the new Delivering Alpha newsletter.) For more than a decade, the stock market has been shrinking, thanks to share buybacks, leveraged buyouts, cash-based M&A and bankruptcies. That’s all changed recently with the massive supply of IPOs — both of traditional companies as well as SPACs. Patrick Healy, CEO of private equity firm
Running a small business means keeping a tight handle on cash flow. One way to facilitate the movement of money in and out of your business is to expand your payment options to include credit cards. Allowing customers to pay via credit card can make managing cash flow less stressful and eliminate the delays associated
For people of average wealth, credit cards are ways to get by when money is tight, make additional purchases, or earn generic rewards. The super-rich, however, have access to cards that give them luxurious perks, helping them to further fund their extravagant lifestyles. Many of these exclusive credit cards come only through invitation or by
Cash-strapped businesses often hesitate to start hiring, even when they need workers, due to the actual cost of hiring employees. It’s easy to forget that the cost of taking on a new employee means more than just their salary, which can be substantial all by itself. But once you factor in the cost of recruiting,
In this article SPCE Virgin Galactic CEO George Whitesides CNBC | Michael Sheetz George Whitesides, the former CEO of Virgin Galactic, will fly on the company’s next spaceflight test, CNBC has learned. Sir Richard Branson made the announcement at a party on July 11 in Las Cruces, New Mexico — following his own spaceflight —
Mark “Forger” Stucky, after piloting the company’s first successful spaceflight on December 13, 2018. Virgin Galactic Mark “Forger” Stucky, Virgin Galactic‘s flight test director and pilot, is no longer with the space tourism company. “I am now a former Director of Flight Test and former SpaceShipTwo pilot,” Stucky wrote in a post on LinkedIn. He
Online brokerage pioneer Thomas Peterffy told CNBC on Wednesday he’s invested in cryptocurrencies, while still expressing skepticism over the long-term future of the digital asset class. “Even I myself have put a little bit of money into crypto, because even though chances are, I think, that this is not going to be a viable market,
The future’s cars have long since moved from our imagination into the real world. High-profile successes and failures have created a polarized discussion surrounding the industry’s outlook, but no conclusions have emerged. As more automakers contemplate the direction of the industry, there are still too many unanswered questions. For one, companies continue to focus exclusively on
Investment bankers are typically the highest-paid workers in the finance industry—high salaries are most prevalent even among younger employees. The starting salary for the typical investment banker exceeds that of most other finance positions, but working in this field has its challenges. Aspiring finance professionals may wish to examine whether a career in investment banking
The New Shepard Blue Origin rocket prepares to lift-off from the launch pad carrying Jeff Bezos along with his brother Mark Bezos, 18-year-old Oliver Daemen, and 82-year-old Wally Funk prepare to launch on July 20, 2021 in Van Horn, Texas. Blue Origin | Anadolu Agency | Getty Images VAN HORN, Texas — Jeff Bezos‘ space