Forbes is an American media and publishing company headed by former Republican candidate Steve Forbes. Perhaps best known for Forbes Magazine, the financial media giant holds ownership positions in Realclearmarkets.com, Realclearsports.com and Realclearpolitics.com. Forbes provides daily new coverage on business, technology, financial markets, personal finance, sports and a wide array of other topics. Forbes is also widely known for its lists of billionaires, world's richest people, world's leading companies and the richest celebrities, among others. Forbes was founded in 1917.
An annual ranking list of the top 500 U.S. companies. The list is determined by five different categories where U.S. companies are ranked based on the largest number of sales, profits, assets, employees and market value. This Forbes list was replaced in 2003 by the Forbes Global 2000. This list was a good way to determine the aggregate influence of the largest U.S. companies. The new list, the Forbes Global 2000, is determined based on a similar premise but takes international firms into consideration as well.
A slang term for the FTSE 100 index. The Footsie consists of 100 blue chip stocks that trade on the London Stock Exchange.
A gold-colored mineral that is often mistaken for real gold. Also known as Iron Pyrite. During historical periods of gold rushes, many less-than-knowledgeable miners would frequently believe that they hit the motherload upon finding a huge cache of fool's gold. Unfortunately, unlike the real stuff, fool's gold is relatively worthless.
The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once. This phrase describes a scenario where a central bank, such as the Federal Reserve acts to stimulate or slow down an economy. The phrase is attributed to Nobel laureate Milton Friedman, who likened a central bank that acted too forcefully to a fool in the shower. When the fool realizes that the water is too cold, he turns on the hot water. However, the hot water takes a while to arrive, so the fool simply turns the hot water up all the way, eventually scalding himself. Any change made to stimulate a broad economy, especially one as large as the U.S. takes time to work its way through. A move like lowering the fed funds rate takes about six months to fully integrate into the economy. Therefore, economists are always cautious about overreaching and prefer small consistent steps to enact change.
A term coined by investment strategist Jeffery Saut that describes a period in which "fast-fast" growth economic figures are expected to be followed by periods of "slow-slow" figures. The term refers to the fox-trot dance steps - two fast steps followed by two slow ones.
A mutual fund that tends to perform well or better than the overall market during weak market conditions. Foul weather funds are created with downward market moves in mind where the goal of the fund is to limit or benefit from the effects of downward moves in the market. While there is no set criteria of what investments a foul weather fund is made up of, they often invest in stocks with lower volatility, such as blue chip stocks, which historically hold up well during a weak market. These funds will also typically look to invest in stocks and other assets that have a strong negative or zero correlation to the stock market.
Unemployed individuals who decide to enjoy the free time that unemployment provides. The term was coined during the financial crisis of 2008-2009 to describe those who had recently lost their jobs and were choosing to use their newfound freedom to travel, go to the beach, be physically active and generally enjoy themselves until they found a new job. People who describe their joblessness as funemployment are typically younger individuals with fewer fiscal responsibilities or people who have accumulated enough savings to enjoy the extra time their unemployment has afforded them. People who describe themselves as funemployed often point out that during times of recession, finding a new job can be a long and stressful process, so rather than spending their days worrying about their future, they take advantage of the chance to do things they would be unable to do if they were working.