Money transfer start-up WorldRemit expects to turn a profit in 2019, its chief executive said Tuesday. Ismail Ahmed told CNBC that, despite the firm’s heavy investment in partnerships and user acquisition, he believes it will reach profitability by next year. “Even with the amount of investment we’re making in customer acquisition and branding, we are
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During these recent management changes, there has also been intense pressure on Paul Achleitner himself, who has appointed three new chiefs during his tenure. On Monday, Hans-Christoph Hirt, the head of Hermes Equity Ownership Services at Hermes Investment Management, told CNBC’s “Squawk Box Europe,” that Achleitner has a number of questions to answer. Hermes Equity
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Sacramento Bee | Tribune News Service | Getty Images Backpage.com founders James Larkin, left, and Michael Lacey, right, attend a hearing on Aug. 23, 2017 in Sacramento. The founders of Backpage.com and five others at the classified site have been indicted on federal charges in what authorities say was a scheme to facilitate prostitution by
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As a result, traders are turning to bond futures, where having more buyers and sellers makes entering and exiting positions easier. The futures market is often used for trading in oil, gold and agriculture products. Using the derivative products allows traders to bet on where prices will go without the hassle of having to buy
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A common mistake among LGBT couples is the idea that in order to avoid the marriage penalty — the higher taxes that affect married couples with high incomes — they need to file separately, said Scott Squillace, an estate-planning attorney who specializes in working with LGBT clients. “There is a misconception that people think it
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Monica Almeida | Reuters Traffic is diverted on Foothill Road as workers place K-rail barricades along burn areas during a winter rain storm in Ventura, California, January 9, 2018. Investors should prepare for a large infrastructure plan from the federal government and position their equity portfolios accordingly, according to Morgan Stanley. “We see a policy-driven
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If you’re still procrastinating on filing your 2014 tax return, time is running out for you to collect your refund. About one million taxpayers have yet to file a return for that year. Unpaid refunds from those returns total more than $1 billion, according to the Internal Revenue Service. The median refund is $847. The
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Getty Images Chinese President Xi Jinping and U.S. President Donald Trump attend a welcoming ceremony November 9, 2017 in Beijing, China. Investors shouldn’t worry over the latest round of trade policy retaliation between the U.S. and China, according to Goldman Sachs. “Trade tensions represent a minimal risk to S&P 500 earnings in aggregate,” David Kostin,
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If this is the beginning of a bear market in bonds, however, it is unlikely to be a very long or painful one. Already, the 10-year yield has dropped back to 2.8 percent — largely as a result of President Donald Trump’s desire to initiate trade wars. “I don’t consider this a bear market,” said
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“Tax reform will provide the largest boost to previously high-tax rate sectors such as Telecom Services and Consumer Discretionary,” Kostin wrote. “Consensus expects the reduced tax rate will contribute 7 percentage points to full-year EPS growth of 19 percent. However, our 14 percent top-down 2018 EPS growth estimate in part reflects the fact that all
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While some of us get excited for a long-awaited tax refund, many stress over getting their taxes filed correctly and paid on time. The passage of the Tax Cuts and Jobs Act in December 2017 into law means that upcoming tax seasons may be all the more stressful as people struggle to make sense of
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David Mareuil | Anadolu Agency | Getty Images People gathering near the Japan Parliament hold placards against Japanese Prime Minister Shinzo Abe as Yasunori Kagoike, head of the Moritomo Gakuen group, gives sworn testimony in the Diet on March 23, 2017. Japan’s Finance Ministry proposed crafting a cover story with a school operator at the
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Pool | Getty Images Chinese President Xi Jinping and U.S. President Donald Trump attend a welcoming ceremony November 9, 2017 in Beijing, China. President Donald Trump is suggesting China will ease trade barriers “because it is the right thing to do” and Washington and Beijing can settle disputes that have rattled financial markets, consumers and
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As global tensions over trade escalate, expect to take a hit at the register. The White House has targeted 1,300 Chinese products for a 25 percent tariff, and China immediately threatened retaliation, sparking fears of a trade war. The tensions between the world’s two largest economies has already spooked investors, and rightfully so. But all
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One of Wall Street’s veteran economic forecasters is toning down his economic growth forecast. The Economic Cycle Research Institute’s Lakshman Achuthan told CNBC his leading indicators are pointing to a slowdown that’s picking up momentum — highlighting one particular trend in the latest unemployment rate chart that supports his case. “What really caught our eye,
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China’s announcement this past week also concerns other agricultural commodities, particularly wheat, frozen beef and cotton. “It is unsettling to see American-produced beef listed as a target for retaliation,” said Kent Bacus, director of international trade and market access for the National Cattlemen’s Beef Association. “This is a battle between two governments, and the unfortunate
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The possible replacement of Deutsche Bank Chief Executive John Cryan could be discussed on a call with board members scheduled on Sunday evening by Supervisory Board Chairman Paul Achleitner, German newspaper Handelsblatt reported. Achleitner has invited the supervisory board to an “Update Call”, the paper reported, adding the invite did not contain further information about
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