When you look at your net income versus cash flow, why are they different? If net income is the money that you bring in, and cash flow is the cash you have on hand, aren’t they the same thing? Nope. And that’s one of the things that trips up many small business owners. And this […]
Archives for February 2020
RSAC 2020: GM’s Transportation Future Hinges on Cybersecurity
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Clarity Is Key to Client Conversations
Why is clear communication so crucial to effective conversations between advisers and clients? “The single biggest problem in communication is the illusion that it has taken place,” said George Bernard Shaw. Most of us know what message we’re trying to communicate to our clients, but do we take into account what they want and what […]
What Are Non-sufficient Funds?
As a small business owner, you have a lot on your plate at all times. You do your best to keep your accounts, finances, and books in order. But sometimes, things just slip your mind. At some point or another, you might spend more than what you have in your account. When this happens, you […]
Major business mistakes (and the companies who made them)
Business failure is, unfortunately, all too common and there is a plethora of reasons for a business to crumble. To avoid this fate, let’s have a peek at some of the biggest business mistakes and investigate what lessons we can learn from their untimely demise. Whether you run a small business or a start-up – […]
Supreme Court overturns consolidated group tax refund allocation rule
The U.S. Supreme Court struck down a long-standing common law rule by which federal courts had decided disputes between members of an affiliated group filing a consolidated return over which of them should be allocated any tax refund. Instead, according to the unanimous decision released Tuesday, state laws should be applied to resolve these disputes. […]
Gold-backed ETFs have never seen inflows like this
Global investors are stashing more and more assets into gold as the coronavirus outbreak spreads and appetite for risk takes a hit. The global tally of bullion in ETFs swelled by the most in more than a month on Tuesday as equities sank. That was the 25th consecutive day of inflows, a record. At 2,624.7 […]
ESG investing is a ‘complete fraud,’ Chamath Palihapitiya says
“Complete fraud,” “joke,” “jargon,” “so ridiculous,” were among the choice words Social Capital founder and CEO Chamath Palihapitiya used to describe the growing ESG movement. “These are useful statements. It’s great marketing. But again it’s a lot of sizzle, no steak,” he said Wednesday on CNBC’s “Squawk Box.” The increasingly popular ESG investing style evaluates […]
The two-day, two trillion-dollar wipeout
CNBC.com: The S&P 500 just wiped out about $1.737 trillion of its value during its two-day market sell-off, according to S&P Dow Jones Indices. The equity benchmark lost $810 billion in value on Tuesday, adding to its $927 billion loss on Monday, according to the firm’s Senior Index Analyst Howard Silverblatt. It’s down $2.138 trillion […]
Lowe’s misses same-store sales estimates, forecasts weak 2020
(Reuters) – Lowe’s Cos Inc missed quarterly same-store sales estimates on Wednesday due to stiff competition from larger rival Home Depot Inc, and forecast annual earnings below expectations. Shares of the Mooresville, North Carolina-based home improvement chain fell 3% to $115 in trading before the bell. Home Depot, which beat sales estimates on Tuesday, has […]