Alcoa kicked off earnings season last night, a time when corporate America presents its report card for the previous quarter and updates stock investors as to where earnings and hence stock prices might be heading in the future. Investors forecast stock prices from an analysis of company earnings and price-to-earnings multiples according to a simple formula: stock price equals earnings times multiple. Market bulls and bears always vigorously debate earnings and multiples and usually each side manages to draw from historical data and metrics to support their bullish and bearish outlooks. However, in these unstable times, the major disparity in

Los Angeles is one of the biggest cities, if not the biggest city, on the west coast. Because of its massive size, there are hundreds of fun things to do in L.A. It can get a bit overwhelming, but don’t worry. Listed here are the top eleven things to do on your Los Angeles trip. From tours, to theme parks, to beholding nature, there’s something for everyone to do in this great city. All you need is a little imagination and movie magic. 1. Brunch on the Beach In Los Angeles’ beaches there are dozens of restaurants that offer brunch

If you need to transfer money to India, you have plenty of options. When your family needs money, the fastest and cheapest way to send it should appeal to you. Consider the following methods that are most used by those needing to send money home to India. 1) Use special programs offered by banks. Wells Fargo has made it easier than ever to remit money to other countries, particularly India. It costs $5 to send money from one bank account to another in India, and $7 to use cash instead of your checking account. Either way, the transfer is instant.

Do you make purchases using credit cards? Do you want to know why you shouldn’t be using credit cards? Some of you may think that using a card is intelligent. There’re basically three reasons that make you feel so: • Reward points such as cash back • Zero interest if you pay on time • No need to carry cash We hardly need to pay the card issuing bank anything other than the minimum annual fee. Then how do these banks earn a profit using us? Let’s explain with an example: We use Facebook for free, right? Then how does

I have a confession – I hate banks! Apologies to any bank employees reading this, but I think banks are simply a necessary evil that we have to endure in modern society. After all, what do they really do? They just borrow money from you, pay a small amount of interest (if any) for the privilege, and then lend it back to you at a higher rate. They add little real value – and their customer services standards are generally rubbish! Banks are supposed to be businesses, but – as we are all experiencing -bankers’ inabilities to make good business

In the wake of Pebble, Ministry of Supply, Zion Eyez, and other Kickstarter projects running months behind their projected schedules for initial product deliveries to backers, Kickstarter announced on September 20, 2012 that they are implementing new Hardware and Product Design Project Guidelines. These new guidelines forbid the use of product renderings and simulations of what the product might do in the future – “products can only be shown performing actions that they’re able to perform in their current state of development.” Multiple rewards are also now prohibited unless the item is designed as a “kit” or “pair”. Kickstarter has

A balance sheet of a bank shows all financial operations conducted by a bank for a certain period of time. It reveals the borrowed funds by them, their own funds, their sources, their placements in credit and other transactions. It is recorded in the two ways. In the left part (asset) all assets are reflected and in the right (passive) – liabilities and capital of the bank are positioned. An asset is anything that can be old whereas a liability is an obligation of the financial institution that must be eventually paid back. The owner’s equity in a bank is

Although you probably won’t hear this from the economic analysis or similar palaver at your quarterly investment manager meetings, the crucial issue facing the US economy today is not the letter of the recovery. In fact, you may feel like your friendly economist is telling you that the economy is brought to you by a letter, U, V, W, much like an old Sesame Street episode. But, the sad truth is that the US economy is facing a series of races between desirable and undesirable outcomes. Submitted for your approval, here are a few inconvenient, yet likely truths. 1 –

When we talk about piggy banks, we usually think of children. They often use them to save allowance, birthday money and more to make some bigger purchase of something they really want such as a bike or a new pair shoes or a favorite video game. We help encourage our kids to save all the time but what happens to us when we’re adults? It seems we need adult piggy banks to help us save the way we used to when we were kids. In fact, if anyone needs to save, many will agree it’s the adults who need to

Your lender rattles off the term as if everyone knew exactly what FICO meant. But most of us don’t even know what the letters stand for. The first part is simple: The Fair Isaac Corporation. Sounds mysterious, doesn’t it? What the heck is a Fair Isaac? Nothing. It just happens to be the names of the men who started the company. In 1956, engineer Bill fair and Mathematician Earl Isaac joined forces to create what was originally a consulting and decision management service. Then in 1981 they devised a system for scoring the amount of risk associated with making certain