U.S. government debt prices were higher on Wednesday morning amid a volatile week on Wall Street, with investors monitoring progress on a coronavirus vaccine and economic reopening efforts. At around 2:10 a.m. ET, the yield on the benchmark 10-year Treasury note dipped to 0.6931% and the yield on the 30-year Treasury bond was down at 1.4181%. […]
Archives for May 2020
Women face greatest ‘financial stress’ from Covid-19
Women are more likely than men to be worried about their finances during the Coronavirus pandemic, according to new research. Recent research for wealth manager and Financial Planner Quilter found that 59% of women were concerned about the impact of Covid-19 on their finances compared to 44% of men. Quilter released details of the research […]
ShareChat lays off 101 employees as advertising market tanks
ShareChat laid off 101 employees on Wednesday, or about a fourth of the workforce, as the regional social media firm expects the advertising market to be unpredictable this year. The Twitter-backed firm sent an email to employees on early morning Wednesday informing them about the various cost-cutting measures. The five-year-old company had started monetizing the […]
U.S. economy won’t reclaim all of its lost ground until after 2021 – CBO
WASHINGTON (Reuters) – The U.S. economy should bounce back sharply in the third quarter after its deep coronavirus-related collapse, but it will not fully retake recover lost ground until sometime after next year, the non-partisan Congressional Budget Office said on Tuesday. In an updated economic forecast, the CBO projected the economy would contract at a […]
Mark Zuckerberg worried about Chinese internet model spreading to other nations
Facebook CEO Mark Zuckerberg is “worried” that countries across the world may be trying to imitate China’s approach of regulating the internet, which “disregards” human rights. In an hour-long conversation about threats posed by Covid-19 with European Union official Thierry Breton, Zuckerberg said the West should counter China with a “democratic” approach to the Internet. […]
‘Way too late’: Inside Amazon’s biggest Covid-19 outbreak
Therese Kelly arrived for her shift at an Amazon warehouse March 27 to find her co-workers standing clustered in the cavernous space. They were awaiting a buildingwide announcement, a rarity at the complex known as AVP1. Over a loudspeaker, a manager told them what they had feared: For the first time, an employee had tested […]
Facebook launches ‘Shops’ to showcase online stores
Facebook on Tuesday reached out to businesses struggling to survive the pandemic with free tools for creating online “Shops” at the social network and Instagram. Merchants can easily set up shops on Facebook and Instagram, customize looks and display products, according to the California-based internet giant. “The primary focus is to ensure small and medium […]
3 ways to help your clients weather COVID-19 and prepare for their reopening
Xero App Partner Guest Blog – written by Vaughan Fergusson, Founder at Vend. Everyone could use support during these times, but small business owners, in particular, are some who need it most. With lockdown measures enforced in several parts of the globe, small businesses have been hit hard. Our data at Vend show that as […]
Non-essentials may get etail off ventilator
Illustration: Rahul Awasthi Online retailers such as Amazon and Flipkart are preparing for a large-scale recovery after most states allowed them to sell items deemed non-essential, including Maharashtra, which has been the hardest hit by the Covid-19 pandemic. In fact, Mumbai is one of the largest markets for these companies. Online sales of non-essentials have […]
Why governments are accelerating the e-invoicing economy
E-invoicing has been touted as a way for small businesses to simplify their bookkeeping, by providing a fast, secure and more efficient way to send and receive invoices. However, wide-spread adoption will rely on governments and big business leading the way. Here’s where e-invoicing currently stands at a global level, and why we’re working with […]