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[ad_1] Biden order bans investment in dozens of Chinese defense and tech firms [ad_2] Source link

[ad_1] In a letter to the shareholders in the annual report, RIL chairman and MD Mukesh Ambani said, “In our retail business, we expanded our customer outreach by growing physical and digital footprint with store additions, strengthening of supply chain infrastructure and launch of JioMart.” [ad_2] Source link

[ad_1] The post FireEye Stock Tanks on Plan to Divest Core Business appeared first on Millennial Money. Cybersecurity specialist FireEye (NASDAQ: FEYE) announced on Wednesday evening that it will sell its FireEye Products business, including the FireEye brand name, to a consortium of investors led by Symphony Technology Group (STG) for $1.2 billion in cash. The company attests that the deal will allow it to focus on its Mandiant Solutions segment, which is growing much faster. Investors weren’t too happy about the news, which sent shares down by 16% as of 1:15 p.m. EDT on Thursday. Divesting the core business STG has agreed to acquire the products business, which includes email, endpoint, and cloud security offerings for $1.2 billion. That price tag is lower than what some analysts would have expected, particularly considering FireEye still needs to execute with the Mandiant subscription business. STG had previously acquired McAfee’s enterprise business in March for $4 billion as it expands its cybersecurity portfolio. “We believe this separation will unlock our high-growth Mandiant Solutions business and allow both organizations to better serve customers,” FireEye CEO Kevin Mandia said in a statement. “After closing, we will be able to concentrate exclusively on scaling our intelligence and frontline expertise through the Mandiant Advantage platform, while the FireEye Products business will be able to prioritize investment on its cloud-first security product portfolio.” FireEye believes that divesting the products business will allow management to focus on innovating with its Mandiant Advantage platform, a software-as-a-service (SaaS) offering that allows enterprise organizations to receive threat intelligence and validate security controls, among other features. The company wants Mandiant to become a vendor-agnostic provider. After the deal closes (which is expected to occur by the end of the fourth quarter), FireEye and Mandiant will maintain the longstanding partnership that brought the two companies together in the first place. The companies will craft a set of agreements for market cooperation, strategic collaboration, and transition services that will offer benefits to mutual customers. A failed merger? The deal is also somewhat ironic, as FireEye had acquired Mandiant back in 2014 before naming Mandia CEO in 2016. At the time, FireEye hoped that the combination of two complementary businesses would create a powerhouse in threat protection.  After the divestiture is complete, Mandia will arguably be back in a similar position to what he was in prior to FireEye’s initial acquisition of Mandiant, which was a cash-and-stock deal valued at around $1 billion. By separating the businesses, FireEye is implicitly acknowledging that the initial thesis for merging may not have played out as hoped. How the remaining company will use the cash FireEye said the deal will allow it to invest in future growth, expanding the platform and raising market awareness while also pushing into new international markets. Additionally, the company’s board of directors has authorized a new share repurchase program of up to $500 million. Pick Like A Pro Where to invest $500 right now Lots of new investors take chances on long shots instead of buying shares of great companies. I prefer businesses like Amazon, Netflix, and Apple — they’re all on my best stocks for beginners list. There’s a company that “called” these businesses long before they hit it big. They first recommended Netflix in 2004 at $1.85 per share, Amazon in 2002 at $15.31 per share, and Apple back in the iPod Shuffle era at $4.97 per share. Take a look where they are now. That company: The Motley Fool. For people ready to make investing part of their strategy for financial freedom, take a look at The Motley Fool’s flagship investing service, Stock Advisor. They just announced their top 10 “best buys now” across the entire stock market. Whether you’re starting with $100, $500, or more, you should check out the full details. Click here to learn more The post FireEye Stock Tanks on Plan to Divest Core Business appeared first on Millennial Money. [ad_2] Source link

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[ad_1] Netanyahu, battling for political life, attacks deal to unseat him [ad_2] Source link

[ad_1] The Swiss watchmaker Franck Muller had last year in May unveiled the world’s first functional Bitcoin watch called Encrypto for users to add Bitcoin to their crypto wallet or check balance directly through the watch’s dial via a QR code nestled into its polished frame. [ad_2] Source link

[ad_1] So you want to buy a house sometime in the near future? You’re not alone. Thousands of people will become first-time homeowners over the next few years. Even with mortgage rates increasing slightly, it could still be a great time to buy. Table of Contents Run a Personal Cost Benefit Analysis Get Your Credit Score in Shape Start Saving for That Down Payment Understand Your Mortgage Options Make Your “Must Have” List Get a Feel for Local Real Estate Figure Out Your Budget Get Pre-Approved for a Mortgage Start Shopping Around Make a Smart Offer Steps After the Offer Come to Closing Prepared Don’t Forget the New Homeowner’s Budget But getting ready to buy your first home is a big deal. It involves a lot of preparation, saving, and legwork. So before you start shopping around on Zillow, read through our complete guide to buying your first home. We’ll give you lots of solid advice, and then link you to other articles where you can get a more in-depth explanation of certain concepts. Run a Personal Cost-Benefit Analysis Before you buy your first home, you should decide whether that’s what you really want. All too often, buyers assume that purchasing a home is the right choice. After all, that’s how you build equity and wealth right? And you’ll stop “throwing money away” in rent every month? Well, maybe. The fact is that homeownership isn’t for everyone. And you’ll need to look at your personal situation–financial and otherwise–objectively to figure out if it’s the right move for you. For instance, what if you’re building a budding career that’s likely to take you to a new location within the next couple of years? Once you buy a home, you may need to own it for several years before you’ll break even when you sell. That’s because there are plenty of costs involved with both buying and selling. So if you’re highly mobile, right now may not be the best time to buy a home. On the other hand, if you think you’ll be in the same location for a while and are ready to settle in, homeownership may be for you. But even in this case, it’s not always true that buying a home is best. Here’s what you need to consider first: Don’t Assume You’ll Save Money If rents are high in your area, it’s easy to assume that a modest mortgage would be cheaper than your monthly rent. And, in fact, your mortgage payment might be cheaper than your rent payment. But that doesn’t mean homeownership is necessarily less expensive than renting. When you rent, someone else is absorbing many of the costs of maintaining and improving the property you live in. That’s why rent is expensive! When you own the home, you’re on the hook for the broken water heater, the leaking roof, or the everyday maintenance of windows and driveways and gutters. With all these additional costs, owning a home could wind up being more expensive than renting. Check out this article for a list of 30 things you’ll need to budget for when you own a home. On the flip side, owning a home lets you build equity in a valuable piece of property. Sure, that $200 you pay to fix the plumbing may not help you build wealth directly. But your $800 a month mortgage payment will go partially towards building equity in your home. And that can be powerful. The bottom line here is that you can’t make assumptions either way. You need to look at what you pay as a renter, what you’re likely to pay as a homeowner, and which option works best for you financially. Related: How House Hacking Works And Remember Time, Too For more and more people, renting is becoming something of a lifestyle choice. When you own a home, you’re tied down with weekend chores. Trust me, it takes a lot of time to do even the basics like maintaining the lawn and minor home repairs. When you add in things like keeping the roof in good condition and cleaning the gutters, you can kiss at least half your weekends goodbye. Again, this isn’t a cut-and-dry argument. For some people (like me) the wealth building or emotional aspect of owning a home is enough to counterbalance the time it requires. But if you can’t picture yourself settling into domesticity to maintain your new home, maybe you should stick with renting for a while longer. So before you even start shopping around or looking at mortgage rates, run your own personal cost-benefit analysis. This article gives a detailed explanation of how to do this, including some tools to help you do the math. Get Your Credit Score in Shape If you decide buying a home is the right option for you, it’s time to do the preliminary work of getting your credit score in shape. (Honestly, you should do this even if you plan to be a renter forever and ever, amen. Eventually, you’ll probably need some credit, so having a good credit score is a good idea!) This starts with actually knowing what your credit score is. You can go about this in a couple of different ways. One option is to get your credit score for free. Several websites, such as Credit Sesame and Credit Karma, offer a free credit score. These are great tools, since they also help you analyze your score and find ways to improve it. You can also get your credit score from many credit card companies. Some, like Discover, offer the option even to those who aren’t customers. More on those options here. However, as you get closer to applying for a mortgage, it may be a good idea to spring for a copy of your “real” credit score–the one lenders see. In fact, I would go so far as to purchase a copy of your score from each of the three bureaus. Here’s how you can do that. How to Boost Your Score We’ve got a

[ad_1] Conventional wisdom may lead you to believe that if you have bad credit, you should swear off credit cards. But if you want to improve your credit score, you’ll have to show you can handle credit responsibly—and the only way to do that is (you guessed it) to have a credit card. When used properly, having and using a credit card can actually be a helpful tool to assist in rebuilding bad credit—and, luckily, there is a whole host of products catered to people with poor credit scores. While these often come with higher interest rates and lower spending limits, they can be a good starting point to re-establishing a good credit score, which in turn will help you get approved for loans, a line of credit or even a mortgage down the line. Best credit cards for bad credit in Canada Card Details Annual fee Home Trust Secured Visa (No Fee) (get more details)* 19.99% APR Min. deposit: $500 Secured card $0 Home Trust Secured Visa (get more details)* 14.99% APR Min. deposit: $500 Secured card $59 Plastk Secured Visa (get more details)* 5k point sign up bonus ($20 value) Points on every purchase 17.99% APR Min. deposit: $300 Secured card $120* Capital One Low Rate Gold Mastercard (get more details) 14.99% Unsecured/Secured $79 Refresh Secured Visa (get more details)* 14.99% APR Min. deposit: $200 Secured card  $49 Koho (get more details)* No interest (prepaid card) Credit building available  $49 *The Plastk Secured Visa has a $48 annual fee and a $6 monthly maintenance fee. Secured credit cards vs unsecured credit cards Sure, your credit history will limit you in what card you are approved for, but that’s not to say you don’t have any choices. In fact, using credit to rebuild your credit score, you’ll need to choose between a secured and unsecured credit card. A secured credit card is one that’s offered on the condition that you “secure” it with collateral, usually in the form of a refundable deposit that can be claimed by the lender if you default on your payments. These cards are marketed directly to those with bad credit, so they have an easier approval process and come with no frills. And lenders report back your activity to the credit bureau which builds up your score as you continue to repay responsibly.  That said, while not generally available to those with bad credit, unsecured cards are occasionally offered to consumers with “fair” credit scores—generally in the 600 to 650 range. As the name suggests, an unsecured card doesn’t require a deposit. Plus, unlike secured cards, many unsecured credit cards offer rewards (think points or cash back, which is a nice perk, isn’t it?). That said, they can command tougher approval requirements than unsecured cards. And like all contracts, it’s always a good idea to read the fine print when selecting your card. Best secured card (no fee) Home Trust Secured Visa (No Annual Fee)* The Home Trust Secured Visa stands out because it’s a secured credit card with no annual fee (a nice bonus when getting a new card). To open an account, you need to make a $500 deposit. And while the interest rate is standard at 19.99%, this won’t kick in unless you carry a balance—and if you’re looking to build your credit, you should aim for that not to happen. As with other secured credit cards, you can improve your credit score by making payments on time, and preferably in full. Note: If you don’t use your card at least once a year, there is a $12 inactivity fee. So make to charge at least one purchase to the card annually.  Annual Fee: $0 Interest rate: 19.99% on purchases Min Deposit: $500 Note: This card is not available to residents of Quebec. Get more details about the Home Trust Secured Visa (no fee)* Best secured card (low interest) Home Trust Secured Visa (Low Interest)* There is another Home Trust on our list. Like the Home Trust Secured Visa above, this low-interest option is a secured card that can be opened with a deposit of as little as $500. And if you need a higher credit limit, you can deposit more, up to $10,000. Before you pshaw the $59 annual fee, the Home Trust Secured Visa credit card offers much lower interest rate of 14.90% on card purchases. And that will save you money should you have to carry a balance. You also have the option to pay the annual fee in a lump sum or in installments. Be aware, though, that the card carries a $12 inactivity fee for accounts unused for a year. Most applicants are approved for his low-interest card. Annual fee: $59 Interest rate: 14.90% on purchases Min Deposit: $300 Note: This card is not available to residents of Quebec. Get more details about the Home Trust Secured (low interest)* Best secured card (rewards) Plastk Secured Visa Credit Card* Cards aimed at those with bad credit have traditionally been stark, pared-down products, designed only to help the cardholder repair their credit and without the benefit of rewards or bonuses. The Plastk Secured Visa breaks that mold by offering rewards on everyday purchases along with a worthy welcome bonus.  The earn rate is modest—1 point per $1 spent—and you’ll need 250 points for $1 in cash back, making 1 point worth about $0.04. Still, the ability to earn anything with this type of card is a big draw. In addition to using them for cash back, you can redeem your points for merchandise, travel and hotel rewards or gift cards. And you won’t be starting from scratch. The Plastk Secured Visa gets you started with a welcome bonus of 5,000 points (worth $20) plus 0% APR for your first three months. (APR is the annual percentage rate, which includes the interest and fees.)  Another reason to slide this in your wallet: The Plastk card offers a slightly below average interest rate of 17.99%. There’s an easy payment system with

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[ad_1] United Airlines to bring back supersonic flying with Boom deal [ad_2] Source link