The revival of the economy will come from helping merchants, retailers and brands reboot their businesses and tap into the heightened demand being generated online due to the Covid-19-induced lockdown in India, according to a top Amazon executive. The Seattle-headquartered online retailer which had seen its operations come to a grinding halt when the nationwide […]
Archives for May 2020
FPA to replace long-serving CEO
The FPA is replacing its CEO of eight years. The association, which has begun the hunt for a new leader, has experienced declining membership and criticism of some initiatives. Lauren Schadle had worked at the association since the 2000 merger of the Institute of Certified Financial Planners and the International Association for Financial Planning that […]
Podcast: How Medicare benefits have changed due to our public health emergency
Write-up Clients 65+ and those with certain medical conditions are at higher risk for contracting COVID-19. If they are affected by the virus, you can help them understand their increased Medicare benefits put in place by the Centers for Medicare and Medicaid Services. In this episode, learn from Jim Sullivan, CPA/PFS, as he answers questions […]
Weekend Reading for Financial Planners (May 30-31)
Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the big industry news that FPA Executive Director Lauren Schadle has resigned in the face of 8 years of stagnant membership and a recent accelerating decline, a new interim CEO is stepping in, and the FPA […]
Merchants, retailers and brands to revive India’s economy: Amazon India head
The revival of India’s economy will be driven by merchants, retailers and brands rebooting their businesses by tapping into the rising demand for online commerce which is induced by the lockdown, said a top Amazon executive. “Between the reduced footfalls in physical stores and increased online demand, we need to make sure that in totality […]
Next coronavirus stimulus bill will be the ‘final’ one, Mitch McConnell says
Senate Majority Leader Mitch McConnell, R-KY, Mandel Ngan | AFP | Getty Images Senate Majority Leader Mitch McConnell said Friday that Congress will decide whether to pass a “final” coronavirus relief package in the coming weeks. “We’re taking a careful look at a fourth and final bill,” the Republican said in his home state of Kentucky. […]
Pot producer Canopy Growth posts dismal results, shares tumble 13%
(Reuters) – Pot producer Canopy Growth Corp on Friday reported a bigger loss for the fourth quarter, hit by non-cash charges of C$743 million related to its recent restructuring actions and impairment of some assets. The company’s U.S.-listed shares fell over 13% in premarket trading and dragged down other stocks in the industry between 2% […]
CFP Board website to stop publishing some advisor bankruptcies, reversing long-standing rule
Reversing a long-standing policy of reporting advisors’ bankruptcies on its website, the CFP Board now says it will review cases individually and may opt out of posting some. The new rules are intended to “improve the process that governs those who are subject to CFP Board’s enforcement,” the board says.Jeffrey Sauers “A single bankruptcy may […]
Paytm moves Delhi HC claiming telecom companies not preventing phishing activity over their networks
One97 Communications, which runs the online payment platform Paytm, has moved the Delhi High Court alleging that telecom service providers are not blocking fraudsters who are defrauding its customers by “phishing” activities over the various mobile networks. Paytm has claimed that millions of its customers have been defrauded by the phishing activities over the mobile […]
Oil ETF faces probes into risk disclosures to investors
A popular ETF that uses complex derivatives to track oil is being investigated by U.S. regulators over whether its risks were properly disclosed to investors, scrutiny triggered by crude’s historic slump during the coronavirus crisis, said three people familiar with the matter. The SEC and the Commodity Futures Trading Commission have both opened probes into […]