DO YOU NEED WORKING CAPITAL? How Much Money Do You Need?

DO YOU NEED WORKING CAPITAL? 

American Express has great rates but you may not be able to Qualify. That’s where we come in, even when the Banks can’t, we can!

 

How+much+working+capitalHow+Much+Money+Do+We+Needmoneyonmind2

When Your Business Needs Working Capital, We can help you achieve your goals. Come visit us today and get the working capital your business deserves.

Watch a Video to see how Restaurants Expand and Learn more about leveraging Capital.

 

Algorithms & Programming Courses to Crack Coding Interviews

th

To be honest with you, getting your first job is never easy. It is, in fact, one of the hardest things in your life and you need to put your best effort to find a job in your dream company. Most of the computer science graduates dream of working for GoogleFacebookAmazonMicrosoft, and Apple but only a few programmers clear their difficult coding interviews.

The single most important reason for failing those coding job interviews is the lack of knowledge and practice. If you don’t know much about what to learn then you are bound to fail, hence it becomes increasingly important that you prepare hard in advance.

Unfortunately, I learned this a little too late, after spoiling my chances at Microsoft and Amazon, but you don’t need to. You can learn from my experience and prepare better for your programming job interviews.

sdf

So, the big question is, how do you prepare for coding/programming job interviews? Which subjects should you read up on? Which questions will you need to solve? How do you deal with coding and other technology related questions?

When I was hunting for my first job there wasn’t much help available; we were totally reliant on our textbooks of programming languages and data structure to prepare for interviews, but things have changed in last 10 years.

Nowadays, you not only have dedicated books to prepare for coding interview, like Crack the Coding Interview Questions, but  you have online courses and Coding Bootcamps to practice for coding interviews.

For a Free Copy of Backlinks and Videos on how to set them up click here.  In message at bottom type Free Backlink Copy.

 

3 reasons why US government bond yields are soaring

AA8tGHA

The biggest selloff in the long-end of the Treasury market since the day after Donald Trump’s presidential election victory in November 2016 saw analysts offer multiple reasons why panicked investors were dumping their holdings of U.S. government paper on Wednesday.

The 10-year Treasury note yield(BX:TMUBMUSD10Y) jumped 10.3 basis points to 3.161%, its highest since July 2011, marking its largest one-day yield rise since March 1. The 30-year bond yield advanced 11.3 basis points to 3.320%, its loftiest since September 2014, staging its largest daily climb since Nov. 9, 2016.

Rising yields appeared to dampen a rally for stocks, which finished well off of session highs. The Dow Jones Industrial Average (DJIA) still notched a record close, while the S&P 500 (SPX) clung to a 0.1% gain.

Bond prices move in the opposite direction of yields.

Here are some of the most popular explanations for the carnage:

‘Extraordinary’ growth

Most investors pointed the finger at improving economic prospects after the Institute of Supply Management’s services gauge logged its second highest reading in its history, potentially raising expectations for gross domestic product growth in the third and fourth quarters. After all, the brunt of the selloff followed the data release at 10 a.m. Eastern.

“Overall, a very positive report across a wide spectrum of factors, consistent with the recent characterization of the economy as ‘extraordinary’,” said Jon Hill, fixed-income strategist for BMO Capital Markets, referencing Federal Reserve Chairman Jerome Powell’s recent remarks describing the current state of the economy.

Positive economic developments have also reinforced expectations the Federal Reserve will stick to program of steady, gradual rate increases. Stronger data now are unlikely to shift the Fed’s thinking on the number of rate increases next year, but analysts say the sharp rise in the inflation-adjusted yield could mean investors are demanding more compensation for holding long-dated debt amid growing uncertainty over the central bank’s decision-making as its benchmark lending rate approaches the neutral rate, the level of monetary policy that neither stimulates nor slows down the economy. The 10-year real, or inflation-adjusted, yield jumped 6 basis points to 0.986% on Wednesday.

“The real return number, which theoretically indicates that there is more uncertainly on the outlook where rates are going…You would theoretically need a steeper curve to compensate for that,” said Marvin Loh, senior fixed income strategist at BNY Mellon. A steeper yield curve refers to a wider gap between short- and long-dated yields.

Fading pension funds

But others were skeptical the selloff had much to dow with more evidence of economic strength. If the selloff was driven by solid data and stronger expectations for a more aggressive pace of rate hikes next year, they argued, the worst losses would have been incurred by the short-end of the bond market, which is more sensitive to shifts in the monetary policy outlook.

 

The skeptics highlighted an alternative explanation – the long-end of the bond market has lost its backstop as price-insensitive buyers like pension funds and insurance companies step away, despite the higher yields on offer. Such institutional investors often scoop up longer-dated bonds to match their equally lengthy liabilities.

Corporate pension funds were in a rush to buy the 30-year bond to take advantage of a provision allowing businesses to deduct contributions to their employee pension plans from their earnings, which came to an end in mid-September. As much of their buying was front-loaded, their purchases of long-dated Treasury’s have thinned down to a trickle, according to analyst at Deutsche Bank.

Related: Pension funds may be undercutting the predictive power of an important recession indicator

Bearish positioning

Yet others cited heavy bearish positioning combined with short-term traders waiting on the sidelines who were ready to add to the selling pressure once the 10-year note and the 30-year bond yields breached key chart levels. Technical analysts had said a rise in the 10-year yield beyond the 3.11% to 3.12% area, its previous seven-year high, would likely spark further selling.

“Losing technical support around 3.11% in the blink of an eye welcomed more volume from accounts that had set their automated programs to pounce on weakness,” said Jim Vogel, interest-rate strategist at FTN Financial.

Speculators and hedge funds held a record number of short positions, bets on prices to fall, on 10-year note futures as of Sept. 28, data from the Commodity Futures Trading Commission shows.

Tesla’s Quandary: Can Anyone on the Board Tame Elon Musk?

Elon Musk

(Bloomberg) — The silence of Tesla Inc.’s board over the past two days after Elon Musk went on another Twitter tirade raises fresh questions about who has what it takes to oversee the unpredictable CEO.

Musk must relinquish his chairman role under a settlement tied to his tweeting with the Securities and Exchange Commission, which left open the possibility that the carmaker could appoint an existing independent director. On Thursday, the billionaire lashed out against the agency, calling it “Shortsellers Enrichment Commission.” The board, which vouched for its CEO’s integrity and leadership hours after the SEC sued on Sept. 27, has been mum since.

“What Tesla needs is for the board to assert its independence and to really put a check on Elon to rein in the communications,” James Albertine, an analyst at Consumer Edge Research, said on Bloomberg Television. He downgraded the stock to the equivalent of a hold on Aug. 21, in part citing Musk’s inability to maintain his composure.

Tesla didn’t immediately reply to requests seeking comment.

Who’s Independent?

The board’s passivity after Musk’s latest tweet storm — following its earlier support after the explosive tweet in August that got him in trouble with the SEC — has heightened the scrutiny of its members’ time spent and ability to supervise him. Who is independent on the board? According to Tesla, seven of its nine directors are. Only Musk and his brother Kimbal, are classified as not independent.

The two major U.S. proxy advisory firms disagree. Lead independent director Antonio Gracias, a private equity firm founder, isn’t independent, according to Institutional Shareholder Services and Glass Lewis.

A Tesla director since 2007, Gracias founded Valor Equity Partners and participated along with the firm in funding rounds and a debt raise that Tesla conducted before its 2010 initial public offering. He’s also backed Musk ventures PayPal Holdings Inc., SolarCity Corp. and Space Exploration Technologies Corp. Musk gifted him the second Roadster sports car that Tesla ever built.

Brad Buss, who served as a SolarCity Chief Financial Officer before Tesla acquired the company in 2016, doesn’t meet the criteria of independence from the two proxy advisers either.

Steve Jurvetson, who co-founded the venture capital firm DFJ, has been on leave from Tesla’s board for almost a year. While accusations of misconduct led to his resignation from DFJ, Tesla hasn’t addressed whether he’ll return as a director. Both Jurvetson and Ira Ehrenpreis, a venture capitalist, are also investors in Musk’s rocket company SpaceX.

Down to Three

That leaves directors whose independence wouldn’t be subject to criticism — and could in theory qualify to become chairmen. They are Robyn Denholm, the chief financial officer of Telstra Corp., Australia’s largest telecommunications company; Linda Johnson Rice, who leads the eponymous publishing company known for Ebony magazine; and James Murdoch, the CEO of Twenty-First Century Fox Inc.

Denholm, who’s been a director since 2014, ruled herself out of the running for becoming Tesla’s chairman through a Telstra spokesperson, The Age newspaper reported on Monday.

The New York Times reported on Tuesday that some directors have proposed Murdoch could be chairman, citing unidentified people involved in the board’s deliberations. But the newspaper said Murdoch hadn’t discussed it with any of other members, and cited another person saying the board hadn’t started serious discussions of the matter.

Both Murdoch and Johnson Rice are media moguls who lack experience running automotive or manufacturing companies. That’s the sort of skill set Musk needs to take Tesla forward, said Albertine, the Consumer Edge Research analyst.

“He’s very clearly emotionally and psychologically drained at this point,” Albertine said of Musk. “This is a company now that’s at a point where it needs a better operator.”

cropped-company-header1.png

Columbus Day in 2018 & Canada Thanksgiving Day

slider_columbus_day

This U.S. federal holiday commemorates the date when Christopher Columbus first set foot in the Americas. In the USA it is observed on the Second Monday in October.
Though Columbus Day is one of the 10 U.S. legal federal holidays, it is not considered a major one. There will be no postal service.
It is a Federal Reserve Bank holiday, so while banks may open, some transactions will not be processed. Most businesses remain open and retail stores may run special sales.
The New York Stock Exchange and Nasdaq remain open on this federal holiday.
Which states observe Columbus Day?
Columbus Day is no longer observed in every state. For a detailed list of which states observe Columbus Day, please use our state by state guide.
Even if a state observes Columbus Day as a holiday, some state offices may be still be open.
In addition to a state level, in many cities the day is now celebrated as Native Americans’ Day or Indigenous People’s Day.
According to data from the Society for Human Resource Management, only 14% of organizations closed on Columbus Day in 2014.
History of Columbus Day
Columbus’ voyages across the Atlantic Ocean initiated the European exploration and colonization of the Americas.
While the first voyage in 1492 was immensely significant, Columbus did not actually reach the American mainland until his third voyage in 1498.
Instead, while trying to find a sea route to India, he made landfall on an island in the Bahamas that he named San Salvador.
Did you know?
It is now generally accepted that Columbus was not the earliest European explorer to reach the Americas and that Viking sailors had ventured as far as Newfoundland around 1000 AD.
While there had been celebrations in 1792 to mark the 300th anniversary, Columbus Day was first officially proclaimed by President Benjamin Harrison in 1892, to mark the 400th anniversary of Columbus’ landing in the Bahamas.
Colorado was the first US state to make Columbus Day an official holiday and Franklin Roosevelt established the first federal observance of Columbus Day in 1937. Since 1971, the holiday has been celebrated on the second Monday in October.
How is Columbus Day celebrated?
The largest celebration of Columbus Day is in New York City, which hosts a huge parade. Communities with large Italian American populations may hold special Columbus Day festivities.

Other holidays in North America on this day
Canada: Thanksgiving Day

be6f23c10368176d9407641a5a541e22

Is your bank open on Columbus Day? The following is a schedule of holidays observed by the U.S. Federal Reserve System. While banks are not required to close on all federal holidays, many do. As such, the Fed’s calendar can signal whether your local bank branch is likely to be open or closed for a holiday.

U.S. Federal Reserve Bank Holidays 2018-2020

Holiday201820192020

New Year’s Day Jan. 1 Jan. 1 Jan. 1
Martin Luther King Jr. Day Jan. 15 Jan. 21 Jan. 20
Presidents Day/Washington’s Birthday Feb. 19 Feb. 18 Feb. 17
Memorial Day May 28 May 27 May 25
Independence Day July 4 July 4 July 4*
Labor Day Sept. 3 Sept. 2 Sept. 7
Columbus Day Oct. 8 Oct. 14 Oct. 12
Veterans Day Nov. 12** Nov. 11 Nov. 11
Thanksgiving Day Nov. 22 Nov. 28 Nov. 26
Christmas Day Dec. 25 Dec. 25 Dec. 25

Understand How to Write Off Capital Assets for Your New Business