On 13th February 2020, Roku Inc (ROKU) submitted its fourth-quarter yearly report which exceeds the estimated value predicted by analysts. The report rise above the expected revenue estimated by analy...
The long-awaited merger of TMobile (TMUS) and Sprint (S) that has been ongoing for more than two years is closed to happening this year. This latest development was as a result of the court order rule...
Nvidia (NVDA), one of the major artificial intelligence and graphics chip makers in the United States, submitted its long-awaited fourth-quarter financial report on 13th February 2020. In the re...
The stock market is the largest economic market in the world. It is often seen as the stand-in-for economy in most countries, especially the US. It is therefore expected that with the recent breakout ...
What is a Bank? “…an establishment for custody of money, which it pays out on customer’s order.”Oxford DictionaryDefinitionA bank is the major financial institutio...
What is a Bank Credit?Definition‘Bank Credit’ is a financial term used to refer to the amount of money a business or individual can borrow from a bank. It is also referred to as the money tha...
What is a Bank Confirmation Letter (BCL)?DefinitionA bank confirmation letter is a letter that confirms an established loan or line of credit with a financial institution. It is a letter gotten f...
What is Bandwagon Effect?DefinitionThe Bandwagon effect is a term used when a person or group of people act in a certain way or do something majorly because other people are doing it not necessar...
What is Bank Bill Swap Rate (BBSW)?DefinitionThe bank swap rate, also known as Bank Reference Rate, is the rate banks charge to lend money to each other in Australia. In the happening of an unexp...
What is Bear Trap?DefinitionA bear trap is a financial term used to describe a situation wherein, investors who sold short at the bottom of a down cycle get “trapped” at an unexpected reversal of ...