House impeachment manager Rep. Jerrold Nadler, D-N.Y., is seen in the Capitol before the continuation of the impeachment trial of President Donald Trump on Thursday, January 23, 2020. Tom Williams | CQ Roll Call | Getty Images Democratic impeachment managers pushing the Senate to remove President Donald Trump from office laid out a sprawling argument […]
Archives for January 2020
The problem with the 4% retirement income rule
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. The problem with the 4% retirement income ruleAlthough sticking to the 4% retirement income rule offers a layer of protection for retirees, it does not guarantee that seniors will outlive their savings, a Forbes contributor writes. While there are […]
The Pentagon’s $35 Trillion Accounting Black Hole – Yahoo Finance
According to Bloomberg’s Anthony Carpaccio, the Department of Defense made $35 trillion in “accounting adjustments” in 2019, easily surpassing the $30.7 trillion in such adjustments recorded in 2018. Carpaccio notes that the number “dwarfs the $738 billion of defense-related funding in the latest U.S. budget, a spending plan that includes the most expensive weapons systems […]
Leveraging Tech to Build Efficiency in Your Work
Have you ever wanted to find a quick-fix way to create more efficiency in your business? Advisers often try to use different business “hacks” to maximize their efficiency and create a scalable practice, but the truth is that using different productivity hacks likely isn’t the way to make strides in your business. Instead, focus on […]
PhonePe forays into insurance business
Walmart-owned PhonePe has forayed into the insurance business, partnering with general insurer Bajaj Allianz, in line with its long-term strategy of becoming an all-round financial service provider. The digital payments player said on Thursday that more such partnerships with a range of financial companies may be in the offing in the coming months in order […]
7 Tips for Giving Your Post-holiday Sales a Boost
For many businesses, the hustle and bustle of holiday shopping has come to a close. You’ve probably noticed a decrease in customer sales and an increase in returns and exchanges. But fear not. This just means that it’s time to give your post-holiday sales some love. With the right promotions, marketing tactics, and pricing strategies, […]
Americans’ financial satisfaction at all-time high
News PERSONAL FINANCIAL PLANNING By Anita Dennis {:else} {timeSince} {/if} {@if cond=”{isCGMA}”} {:else} {/if} {/.} Americans’ financial satisfaction hit an all-time high in the fourth quarter of 2019, according to the AICPA’s Q4 2019 Personal Financial Satisfaction Index (PFSi). Gaining ground from the previous quarter and up significantly from its record lows a decade ago, […]
Consolidation was always on the menu: Dara Khosrowshahi
Consolidation is bound to happen in sectors where there is too much capital chasing too many companies, Uber CEO Dara Khosrowshahi told CNBC while commenting on the company’s sale of its food delivery business in Indiato local rival Zomato. Khosrowshahi added that the deal allows the San Francisco-based headquartered firm to deploy capital in other […]
ByteDance is seeking a new CEO for its TikTok business
By Kurt Wagner and Sarah Frier Chinese internet giant ByteDance Inc. is seeking a new chief executive officer for its TikTok business, a hugely popular video app that American politicians have targeted as a potential security threat. The company has interviewed candidates in recent months for the CEO role, which would be based in the […]
Things that should worry foreign investors after the Bezos episode
By Mihir Sharma In most places, government ministers would be happy to hear that someone intends to invest a billion dollars in their country. Not in today’s India. Late last week, Amazon.com Inc.’s Jeff Bezos announced that he would be pumping another billion into the online retailer’s India arm; in response, India’s commerce minister, Piyush […]