Before the enactment of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, prior law required qualified improvement property (QIP) placed in service subsequent to Dec. 31, 2017, to use a 39-year tax life, and the property was not eligible for bonus depreciation. The CARES Act retroactively changed this recovery period to 15 […]
Archives for 2020
SBA to accept PPP loans only from smallest lenders for 8 hours today
The smallest lenders and their small business clients will have an exclusive opportunity to submit applications for Paycheck Protection Program (PPP) loans to the U.S. Small Business Administration (SBA) from 4 p.m. to 11:59 p.m. ET today, according to an SBA lending operations update. During this eight-hour period, the SBA systems will accept loans only […]
Big crude oil fund had $726 million in unrealized losses before April
BOSTON (Reuters) – The United States Oil Fund (USO.P) was sitting on more than $700 million in unrealized losses at the end of March, several weeks before the market fully grasped the outsized role it would play in this month’s unprecedented collapse in the price of front-month oil contracts. U.S. crude oil futures plunged to […]
Student Loans Have Not Stopped Millennial Home Buying
Michael had Logan Mohtashami on The Compound to talk about everything we know right now about the housing market, and how the impact of COVID-19 might play out this year. Logan said something that I think would be considered very provocative in some circles, about how the student loan “crisis” or affordability problem is mostly […]
Whatsapp Banking – How Use? – Key Features & Benefits
Whatsapp Banking – Whatsapp is the simple and secure and reliable messaging app. Almost every smartphone users use this app for messaging and calling. Apart from messaging and calling this app can be used for availing basic banking services. Leading banks like ICICI, HDFC, and Kotak have launched the facility of using Whatsapp Banking. You can […]
Covid-19 lockdown is changing how people listen to music on Spotify
Spotify is witnessing a change in how people are listening to the service as they stay home due to lockdown curbs to stem the spread of the Covid-19 pandemic. “Morning routines have changed significantly. Every day now looks like the weekend” the music streaming major said in a letter to its shareholders. The company is […]
ETtech Top 5: Home delivery gets costlier, AIFs seek clarity & more
Dear readers, In a bid to conserve cash and cut ballooning losses, hyperlocal delivery companies are passing on additional delivery charges to customers. Illustration: Rahul Awasthi Doorstep delivery gets costlierMicro-delivery firms MilkBasket and Supr Daily have started levying a packaging charge and service fee. The move has been driven in part by increased investment to […]
E-commerce firms stick to MRP as offline stores charge extra: Survey
E-commerce platforms have fared better than offline stores in complying with rules limiting sale of products to their maximum retail price (MRP) during the past five-week period when India has been in mandatory lockdown, according to a survey. Conducted by community platform LocalCircles, the survey showed that 39% of respondents had at some point in […]
Mitigating the cyber risks of IoT and finding solutions
The last decade has seen unprecedented development of the Internet of Things (IoT) landscape, enabled by new distributed network technologies. McKinsey estimates that by 2025, the world will own 50 billion networked devices, up 400% from 2010, and contributing US$11 trillion (€10 trillion) to economies. While this proliferation of IoT devices in recent years has […]
STAR initiative searches for new chair as McPhail exits
The STAR initiative, the cross-industry group aiming to improve the transfer of pension and investment assets between providers, is to seek a new chairman following the decision by its chairman Tom McPhail of Hargreaves Lansdown to leave the industry. Mr Mc Phail announced this week he would be leaving his role as a pensions expert […]