Building on my post from the other day, ‘Not Depth…Duration’, I want to show you something from this morning’s Bank of America Merrill Lynch Chart Blast – it shows a very correlation between how bad the drawdowns for the S&P 500 are versus the amount of months a recession goes on for. The longer the […]
Archives for 2020
Online pharmacies struggle to keep up with demand
Online pharmacies, including 1MG, Medlife and NetMeds, are operating at 50-70% of their capacity, as they continue to face issues related to intercity movement of goods and staff shortage, two weeks into the ongoing 21-day nationwide lockdown. Although warehouses are open and delivery staff moving freely, they are operating at sub-optimal capacity. Since there is […]
WeWork sues SoftBank for dropping $3 billion tender offer
A WeWork board committee that negotiated a $3 billion tender offer with SoftBank Group sued the Japanese conglomerate on Tuesday for abandoning the deal, accusing it of succumbing to “buyer’s remorse” amid the novel coronavirus outbreak. The tender offer was part of a $9.6 billion rescue financing package that SoftBank agreed with WeWork in October […]
ShareChat bets big on vernacular audiences with micro-influencers
Twitter-backed regional social media platform ShareChat is betting big on its reach among vernacular audiences to drive targeted campaigns by large advertisers in local languages. Executed by micro-influencers and user-generated content on its platform, the company has already carried campaigns by multinationals such as Facebook, Coca Cola, Pepsi along with homegrown giants like Oyo, MTR, […]
What Is an Audit Trail, and How Does It Impact Your Business?
As a business owner, you’re responsible for recording your company’s transactions. And to support your entries, you should be keeping adequate documentation. This accounting documentation acts as an audit trail for your business. Read on to learn what is an audit trail and why it is essential for your small business. What is an audit […]
#FASuccess Ep 171: Transitioning From Successful Wholesaling To Financial Advisors To Becoming One Instead, with Tom Kennedy
Executive Summary Welcome back to the 171st episode of Financial Advisor Success Podcast! My guest on today’s podcast is Tom Kennedy. Tom is a wealth advisor at Global Wealth Advisors, a hybrid advisory firm based in Houston, Texas where Tom works with a base of nearly 400 clients. What’s unique about Tom, though, is that he […]
PFS backs FCA action to keep lid on fees
The Personal Finance Society has welcomed the FCA’s freezing of 2020/21 fees for small firms but warned that the Coronavirus outbreak could force up compensation costs and hit advice firms hard without major reform. The Chartered Financial Planner professional body was positive about the FCA’s recognition today of the “financial pressure” the Coronavirus outbreak was […]
More Americans worry about losing wages and covering costs as coronavirus spreads, CNBC/Change Research poll finds
Adriana Gomez prays outside the Our Lady Queen of Angels Catholic Church on Palm Sunday during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, April 5, 2020. Kyle Grillot | Reuters As the coronavirus pandemic clobbers the U.S. economy, more voters in pivotal 2020 election states are worrying about losing their jobs […]
HSBC Hong Kong asset management units fined $450 000
HONG KONG (Reuters) – Hong Kong’s markets regulator has fined two HSBC units HK$3.5 million ($451,456) for regulatory breaches. The Securities and Futures Commission (SFC) said that some of the 53 funds managed by HSBC Investment Funds (Hong Kong) Limited and HSBC Global Asset Management (Hong Kong) had placed cash deposits with HSBC’s banking operations, […]
Indian traders ask court for Amazon, Flipkart antitrust probe restart
An Indian retail group has asked a court to allow the restart of an antitrust investigation into Amazon and a Walmart unit that is on hold following a legal challenge by the companies, a court filing seen by Reuters showed. Amazon and Walmart’s unit Flipkart did not immediately respond to a request for comment on […]