Boat maker Brunswick will have low inventory by the end of 2021 as it continues seeing strong revenue growth and consumer demand, Brunswick CEO David Foulkes told CNBC on Friday. While Foulkes said he expects Brunswick to meet its production forecast for 2021, he noted that the company is still recovering from pandemic-induced supply chain disruptions and […]
Archives for 2021
PS3 Players Ban: Latest Victims of Surging Attacks on Gaming Industry
The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.
Weekend Reading for Financial Planners (June 26-27)
Executive Summary Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with a look at the big media buzz around how Peter Thiel managed to built a whopping $5 billion Roth IRA by ‘stuffing’ it full of pre-IPO shares of his companies and early stage startup investments (first PayPal, then […]
SBA may be dropping PPP Loan Necessity Questionnaire requirement
The Associated General Contractors of America (AGC) said that the U.S. Small Business Administration (SBA) is in the process of removing the requirement that Paycheck Protection Program (PPP) borrowers submit a Loan Necessity Questionnaire when applying for forgiveness on loans of $2 million or more. A lender notice from an SBA district office also indicates […]
Herbers & Company launches new app to bring training programs, tools and insights to financial advisory firms
An independent consulting firm has launched a mobile application that will bring training programs, tools and insights straight into the hands of financial advisory firms. From Herbers & Company, the Academy mobile app, available on desktop, iOS and Google, will give users practice-management ideas with a subscription fee. Angie Herbers, the company’s founder and CEO, […]
Shift chooses new chief accounting officer familiar to company leadership – Auto Remarketing
Friday, Jun. 25, 2021, 02:00 PM SAN FRANCISCO – Shift recently created the position of chief accounting officer and filled it with an executive familiar to chief financial officer Oded Shein. The auto ecommerce platform announced on Thursday that Jason Curtis has been appointed as chief accounting officer in a move that was effective on June […]
PayPal billionaire Thiel gets tax edge with Roth IRA worth $5 billion, ProPublica says
(Bloomberg) — Peter Thiel, the billionaire co-founder of PayPal who is a vocal opponent of higher taxes, had amassed $5 billion in a tax-free Roth individual retirement account by 2019, ProPublica reported, citing confidential IRS records. Investment gains in Roth IRAs are never taxed, and the accounts are subject to contribution and income rules designed […]
Editor’s Column: The PFS – a successful but problem child
The Personal Finance Society has always been something of a problem child for its parent the Chartered Insurance Institute. There is just no getting away from the fact that the members of the PFS are a feisty and opinionated bunch. They are, in many cases, not just hard working Financial Planners but also self-made business […]
Key inflation indicator posts biggest year-over-year gain in nearly three decades
A key inflation indicator that the Federal Reserve uses to set policy rose 3.4% in May, the fastest increase since the early 1990s, the Commerce Department reported Friday. Though the gain was the biggest since April 1992, it met the Dow Jones estimate and markets reacted little to the news. Stock market futures indicated a […]
Considering a Deferred Payment? Here’s What You Should Know
Running a business can be expensive. Rent payments, utilities, taxes, and equipment can all come with a hefty price tag. And if you have employees, you also have to throw in the payroll costs. So to save some money now and pay later, you may consider a deferred payment. But, what is deferred payment, and […]