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NJ Lawmakers Get Pushback on Proposed Financial Transaction Tax

nj lawmakers get pushback on proposed financial transaction tax

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Witnesses testifying at a hearing before the New Jersey state legislature voiced strong opposition to a proposed financial transaction tax that would impact retirement plans.  At the Oct. 19 hearing held by the New Jersey Assembly Financial Institutions and Insurance Committee, 17 organizations testified in opposition to the proposed financial transaction tax, while no witnesses testified in favor of it. 

During the hearing, Committee chairman John McKeon (D-Essex), who originally introduced the bill, proposed to reduce the tax to $.0001 per transaction and to limit it to two years. As originally proposed in July, the bill (A4402) would impose a tax on high-quantity processors of financial transactions at $0.0025 per transaction. 

“I’m asking this industry to be part of a solution in what’s the most difficult time,” McKeon (D-Essex) stated. “If they [the financial services industry] don’t concede this is a significant, extraordinary compromise on our part as to where the bill has traveled to, then they’d be disingenuous,” the chairman further stated. McKeon also suggested that the proposed tax would raise $1 billion over two years and would only cost $1.30 annually for an individual investor.

That did not satisfy the witnesses who testified during the virtual hearing. The NYSE and …

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Accounting Technology Firm Ceterus Releases COVID-19 Dental Financial Impact Study

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InvestorPlaceBuy Golden Nugget Online Gaming Stock for Its 10X PotentialI’m a big bull when it comes to online gambling (or “iGaming”), saying back in mid-August that DraftKings (NASDAQ:DKNG) stock was a great buy to play this emerging megatrend.
Source: Stokkete/ShutterStock.com

Since then, DKNG stock rose as much as 83%.
But, at a $20 billion market cap, DraftKing stock now feels fully priced for enormous long-term success in disrupting the $80 billion U.S. gambling market, meaning that the best time to buy DKNG stock has already passed.InvestorPlace – Stock Market News, Stock Advice & Trading Tips
Fortunately, DraftKings isn’t the only way to play to the emerging iGaming megatrend.
With that in mind, I’d like to introduce Golden Nugget Online Gaming, a market-leading iGaming platform which has recently hit the public markets through a reverse merger with blank-check company Landcadia Holdings II (NASDAQ:LCA).
Golden Nugget Online Gaming — valued at just $900 million today — has enormous long-term upside potential. Indeed, there is so much upside potential here that LCA stock could soar more than 10X over the next several years.

7 Solar Stocks That Will Heat Up Your Portfolio

So, if you’re looking for an alternative yet still …

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Financial Planner: long-term care

financial planner: long-term care

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Steve Lind, Financial Planner, shares retirement planning in respect to long-term care, the industry and products that have changed to meet needs and cash flow. “There have been some changes. People are starting to live longer due to better medicine and better life styles. Traditional long-term care insurance is changing and kind of fading away. What has evolved is a hybrid product of life insurance and long-term care.

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Ionis to hold third quarter 2020 financial results webcast

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TipRanksOppenheimer: These 2 Stocks Could Double, If Not MoreIt’s the final countdown. With the U.S. Presidential election only two weeks away, election year stress is making the rounds on Wall Street, but one pro argues that regardless of the outcome, opportunity could emerge.Oppenheimer’s Chief Investment Strategist John Stoltzfus notes that in the last leg of the race to the White House, “the markets appear to be signaling that no matter how loud the rhetoric gets from either side and no matter which side wins, investment opportunity in some form is likely to prevail over risk beyond inauguration day in January 2021.” He added, “In our experience opportunity often arises from uncertainty while a perception of ‘certainty’ often breeds complacency.”As for Q3 earnings season, it’s already surprising to the upside. Although it’s still too early to tell how the season will play out, Stoltzfus says “so far so good.” Data from the past weekend shows 84% of companies that already reported have beat earnings expectations and 82% have exceeded revenue expectations for the quarter. Taking Stoltzfus’ outlook into consideration, Oppenheimer’s analysts are pounding the table on two under-the-radar stocks, noting that each could double or more in …

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The Top Ten Women in Finance

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Shanu Hinduja Shanu HindujaShanu HindujaNew York, USA, Oct. 21, 2020 (GLOBE NEWSWIRE) — As per research by Blum Gallery, These are the women shaking up the global financial sector, one bank at a time.At Number 1: Shanu Hinduja, a leading spokesperson known for empowering women in the finance world. As a senior member of the Hinduja family, Shanu is Chair of S. P. Hinduja Banque Privée and Co-Chair of the United Nations Global Accelerator. Her advocacy inspires other women to shatter preconceived notions that finance should be a male-dominated world. She has addressed the leaders of more than 130 countries at the UN General Assembly, as well as publicly discussing the achievements of the UN’s gender equality goals with key leaders – including, most notably, former UN Secretary-General Ban Ki-Moon.Gender equality in finance is a strong passion for Shanu, but she is also known for offering thoughts that range from technology to education and globalization. She has provided scholarships through the Hinduja Foundation to Columbia University, Massachusetts General Hospital, and Cambridge University. Shanu also prides herself on empowering the next generation of entrepreneurs, holding the position of Professor of Leadership at the University of Bolton’s Institute of Management, and was a …

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Enterprise Financial Services Corp Just Missed EPS By 26%: Here’s What Analysts Think Will Happen Next

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TipRanksOppenheimer: These 2 Stocks Could Double, If Not MoreIt’s the final countdown. With the U.S. Presidential election only two weeks away, election year stress is making the rounds on Wall Street, but one pro argues that regardless of the outcome, opportunity could emerge.Oppenheimer’s Chief Investment Strategist John Stoltzfus notes that in the last leg of the race to the White House, “the markets appear to be signaling that no matter how loud the rhetoric gets from either side and no matter which side wins, investment opportunity in some form is likely to prevail over risk beyond inauguration day in January 2021.” He added, “In our experience opportunity often arises from uncertainty while a perception of ‘certainty’ often breeds complacency.”As for Q3 earnings season, it’s already surprising to the upside. Although it’s still too early to tell how the season will play out, Stoltzfus says “so far so good.” Data from the past weekend shows 84% of companies that already reported have beat earnings expectations and 82% have exceeded revenue expectations for the quarter. Taking Stoltzfus’ outlook into consideration, Oppenheimer’s analysts are pounding the table on two under-the-radar stocks, noting that each could double or more in …

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Liberia: Ministry Of Finance And Development Planning Establishes Comptroller And Accountant General Department To Ensure Genuine Financial Management – FrontPageAfrica

liberia: ministry of finance and development planning establishes comptroller and accountant general department to ensure genuine financial management – frontpageafrica

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MONROVIA – The Government of Liberia says it will today Wednesday launch the establishment of the Comptroller and Accountant General Department of the Ministry of Finance and Development Planning which will situate the country on a solid and sustainable path to genuine Public Financial Management Reforms.

The launch of the Comptroller and Accounting General Department is informed by the passage of the amended and Restated Public Financial Management Act of 2009, which has automatically transitioned the CAG Division under the Department of fiscal Affairs at the Ministry of Finance to a new Department of its own within the Ministry of Finance and Development Planning with overarching responsibilities of the Comptroller and Accountant General of the Republic of Liberia.
The establishment of the comptroller and Accounting General Department is a key reform that has been requested by the International community for several years. Under the new reform, public officials appointed will have little control over the Comptrollers and Accountants in their offices and will also be unable to bring in and remove comptroller and Accountants at will.  All government Comptrollers and accountants in the Republic will now be under the direct supervision of the Comptroller and Accountant General of the country.
In remarks …

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Coop Pank unaudited financial results for Q3 2020

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In Q3 2020, the net loan portfolio of Coop Pank grew by EUR 40 million (+7%), reaching EUR 599 million. The home loans portfolio showed the fastest growth by increasing the volume by EUR 19 million (+9%). The business loans portfolio increased by EUR 14 million (+7%), leasing portfolio EUR 6 million (+7%) and the consumer finance portfolio EUR 1 million (+2%). Compared to Q3 2019, the total loan portfolio of Coop Pank has grown by EUR 181 million, i.e. 43%.In Q3 2020, the volume of deposits in Coop Pank increased by EUR 73 million (+12%), reaching the total of EUR 688 million. The volume of bank’s demand deposits grew by EUR 34 million (+17%), of which EUR 26 million came from bank’s business clients and EUR 8 million from private individuals. Term deposits grew by EUR 39 million: EUR 17 million came from domestic companies, EUR 4 million came from private clients and EUR 18 million came via the international deposit-taking platform Raisin. Coop Pank deposit portfolio has increased by EUR 210 million or 44% YoY. By the end of Q3, the share of client demand deposits has increased from 27% to 34% YoY. Bank’s financing cost did decrease over the quarter from 1% to 0,9%.In Q3 2020, the overdue loan portfolio of Coop Pank was at the level of 6%. In nine months, the bank has made …

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Neuronetics to Report Third Quarter 2020 Financial and Operating Results – MyChesCo

neuronetics to report third quarter 2020 financial and operating results – mychesco

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MALVERN, PA — Neuronetics, Inc. (NASDAQ: STIM) announced that it plans to release third quarter 2020 financial and operating results after market close on Monday, November 2, 2020. The Company will host a conference call to review its results at 4:30 p.m. Eastern Time the same day.

The conference call will be broadcast live in listen-only mode via a webcast on the Company’s investor relations website at ir.neuronetics.com. To listen to the conference call on your telephone, please dial (877) 472-8990 for United States callers or +1 (629) 228-0778 for international callers and reference confirmation code 1872153, approximately ten minutes prior to start time. The replay will be available on the Company’s website for approximately 60 days.
Neuronetics, Inc., headquartered in Malvern, PA, is a commercial-stage medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from psychiatric disorders.
READ:  Journal of Affective Disorders Publishes Clinical Data Suggesting NeuroStar® Advanced Therapy as a First-line Treatment for Major Depressive DisorderThanks for visiting! MyChesCo brings reliable information and resources to Chester County, Pennsylvania. Please consider supporting us in our efforts. Your generous donation will help us continue this work and keep it free of charge. Show your …

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