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10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • The Legendary, Wildly Profitable QQQ Fund Makes No Money for Its Owner : An historical artifact prevents Invesco from profiting from its flagship ETF. Direct lending tends to provide more conservative risk-return profiles than leveraged loans and high yield bonds.

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How To Clean Up Business Financial Statements

CFO Share

Small businesses have three key financial reports: the balance sheet the income statement (aka profit and loss statement) the cash flow statement A statement of retained earnings is a fourth report common for large, public corporations, but isn’t as useful for small businesses. You won’t be able to sell your business.

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Global trade to rebound modestly: Allianz

Future CFO

To offset some of its losses in global export markets and soft domestic demand, China has increased and will maintain policy support, while also increasing investment abroad to consolidate its influence, Allianz added. Going forward, rising rates should continue to bite profitability and liquidity , while revenue growth should soften.

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World’s Best Banks 2024—Asia-Pacific

Global Finance

Lending rates followed central bank tightening moves, while deposit rates lagged; and across the region, there were some record profits. In Japan, profits at the country’s five most prominent banking groups leapt 56% to a record ¥2 trillion (about $12.6 billion after-tax profit versus $8.3 billion; a 2.3% billion in 2022.

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Nike Says The Last Dance Will Be With Digital 3.0

PYMNTS

The headlines about Nike’s Q4 earnings announcement focused on what would be a staggering loss at any other time. Nike reported a loss of $790 million during the period ended May 31, compared with net income of $989 million for the same quarter in 2019. Simply put, we will more aggressively leverage technology to make Nike better.

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Does My Business Debt Need Restructuring?

CFO Share

Private equity groups use mezzanine debt financing with 18% interest rates to facilitate leveraged buyouts. . Here’s a common scenario: Joe owns a construction company. One week he’s short on payroll so he takes a short-term loan from a lender that specializes in construction lending. . Bad uses for business debt.

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101 Ways Financial Advisors Can Add Value For Their Clients

CFO News Room

Outside of work, he serves as a volunteer financial planner and class instructor for non-profits in the Northern Virginia area. Further, thoughtful portfolio construction (perhaps using tools like direct indexing ) can provide a client with a diversified portfolio that is less subject to market risk than a specific stock or industry.