Low-cost funds have continued to attract the most investor cash over the past decade, but has their performance followed? Despite attracting more than $1 trillion in combined assets, the 20 mutual funds and ETFs with the biggest net flows of the decade — and at least $500 million in AUM — have posted sub-par gains […]
Archives for April 2020
Art of Accounting: Future of the small firm amid coronavirus – Accounting Today
I believe the future of the small accounting firm is bright and secure. Right now there are many challenges such as the coronavirus pandemic, along with extremely unsettling moments, unpleasant client interactions, cash squeezes and an overload of new things that have to be learned in a miniscule time. However, I’ve spoken to many owners […]
Business interest expense election guidance for farming, real estate
Real property or farming trades or businesses can withdraw their decision to elect out of Sec. 163(j)’s business interest expense limitation for a 2018, 2019, or 2020 tax year, the IRS said in guidance issued late Friday (Rev. Proc. 2020-22). Those businesses can also make late interest expense elections for those years. The guidance also […]
Let’s not make things worse
Social Capital’s Chamath Palihapitiya came on my CNBC show, the Halftime Report, last week and voiced the frustration that many Americans are feeling right now concerning the government’s plan to rescue the economy. Chamath correctly states that there are many market participants who will be unfairly bailed out by the combination of Federal Reserve and […]
Odisha allows all e-commerce deliveries in second phase of lockdown
Odisha on Monday allowed all e-commerce platforms, such as Flipkart, Amazon, BigBasket, Grofers, Swiggy and Zomato, along with their third-party logistics partners, to resume operations during the second phase of the lockdown. The state had earlier extended its lockdown up to April 30. In a notification on April 13, the state government said home delivery […]
Public data sharing with governments should be voluntary; Google’s chief privacy officer
Earlier this month, search giant Google decided to help public health officials in India as well as other countries keep track of people movement in the wake of the Covid-19 virus outbreak. The initiative, Google’s own, was done with a belief that “open data can benefit the world at large”, its chief privacy officer told […]
ETtech Top 5: Lending startups look for suitors, govt mulls easing restrictions & more
Illustration: Rahul Awasthi Lending startups look for suitors Financial technology startups, which have been providing personal loans to blue-collared workers, and unsecured loans to micro, small and medium enterprises, stare at consolidation or shutting down operations as investors are unlikely to pump in more capital on the back of dismal loan recoveries amid the Covid-19 […]
Fading Vision Fund to tip SoftBank into first loss in 15 years
SoftBank expects its $100 billion Vision Fund to book a loss of 1.8 trillion yen ($16.6 billion) due to the worsening performance of its tech bets, which will tip the group as a whole into its first loss for 15 years. A third consecutive quarter of losses by the Saudi Arabian-backed fund will push SoftBank […]
Hard Choices: Making Key Business Decisions To Preserve Culture In Times Of Crisis
Executive Summary In the wake of the Coronavirus pandemic, many financial advisory firm owners are facing tremendous uncertainty about the future of their businesses. And even those business owners who have planned ahead for cyclical downturns may still have to make hard choices about how best to navigate the current turmoil and ensure the long-term […]
Kremlin says ‘important’ global oil deal helped avert market chaos
MOSCOW (Reuters) – The Kremlin said on Monday that the global oil output deal clinched by OPEC and non-OPEC countries had helped stop oil markets sliding into chaos and would help support a more or less stable oil price dynamic. Kremlin spokesman Dmitry Peskov told reporters on a conference call that Moscow considered the deal […]