Fintech is a portmanteau of the terms “finance” and “technology” and is one of many types of business technology to enhance or automate financial services and processes. The term is a broad and rapidly growing industry serving both consumers and businesses. Fintech Examples So how is fintech being used in 2020, and what are some of its traditional uses? 1. Crowdfunding Platforms …
Samsung Says $38 Million of Goods On Board Two Hanjin Vessels – Bloomberg
Samsung Electronics Co., the world’s biggest smartphone maker, said about $38 million of its goods and parts were on board two vessels operated by the distressed Hanjin Shipping Co., which applied for bankruptcy protection last week. Source: Samsung Says $38 Million of Goods On Board Two Hanjin Vessels – Bloomberg
EOG Resources, Yates Petroleum announce $2.5 billion acquisition – MRT.com: Oil & Gas
Under the agreement announced on Tuesday, EOG will combine with Yates Petroleum Corp., Abo Petroleum Corp., MYCO Industries and other entities in a transaction that is valued at $2.5 billion. Source: EOG Resources, Yates Petroleum announce $2.5 billion acquisition – MRT.com: Oil & Gas
Apple aims to reboot sales with iPhone 7 launch
Apple will attempt to reboot sales of the iPhone this week after an unprecedented recent decline that has left the tech giant grappling with falling revenue for the first time in over a decade. Source: Apple aims to reboot sales with iPhone 7 launch
Business
A business, also known as an enterprise, or a firm, is an entity involved in the provision of goods and/or services to consumers. Businesses are prevalent in capitalist economies, where most of them are privately owned and provide goods and services to customers in exchange for other goods, services, or money. Businesses may also be social non-profit enterprises or state-owned …
Advertising Agency
An advertising agency is a service based business dedicated to creating, planning, and handling advertising for its clients. An ad agency is generally independent from the client and provides an outside point of view to the effort of selling the client’s products or services. An agency can also handle overall marketing and branding strategies and sales promotions for its clients. …
Loan
In finance, a loan is the lending of money from one individual, organization or entity to another individual, organization or entity.
Advertising
Advertising is an audio or visual form of marketing communication that employs an openly sponsored, non-personal message to promote or sell a product, service or idea. Sponsors of advertising are often businesses who wish to promote their products or services. Advertising is differentiated from public relations in that an advertiser usually pays for and has control over the message.
Bankruptcy
Bankruptcy, the status of a debtor who has been declared by judicial process to be unable to pay his debts. Although sometimes used indiscriminately to mean insolvency, the terms have distinct legal significance. Insolvency, as used in most legal systems, indicates the inability to meet debts. Bankruptcy, on the other hand, results from a legal adjudication that the debtor has …
Business Law
Encompasses all of the laws that dictate how to form and run a business.
Tax Deductible
Able to be deducted from taxable income when calculating income tax due.