A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, U.S., April 30, 2019. Clodagh Kilcoyne | Reuters An Amazon warehouse employee in Long Island, New York has died from the coronavirus, the company confirmed. George Leigh, who worked out of Amazon’s Bethpage, New York, distribution center, known as DNY4, […]
Archives for May 2020
Trump May Push for Chinese Companies to Follow U.S. Accounting Rules for Stock Listings – The Wall Street Journal
WASHINGTON—President Trump said he was considering whether to require Chinese companies to follow U.S. accounting rules to be listed on U.S. stock exchanges, though he expressed concern that such a move could prompt companies to take their listings elsewhere. In an interview on Fox Business Network’s “Mornings with Maria,” Mr. Trump said in response to […]
Your small business and COVID-19 questions, answered
NEW YORK (Reuters) – Small businesses are among the hardest hit as the coronavirus pandemic continues to cause economic uncertainty in communities across the United States. As some state economies begin to reopen, we invited a group of small business experts to return for a follow-up discussion as part of our #AskReuters Twitter chat series. […]
Opportunities in Times of Uncertainty: 3 Steps to Your Breakout Year
Now that states are beginning the process of opening for business, it is not too soon for financial advisers and planners to take yourselves out of reaction mode and back into making this a breakout year for your business. Notice that I said “breakout” not “break-even” year. Assuming that you’ve taken all the steps necessary […]
SBA allows increased PPP loans to partnerships, extends safe harbor to May 18
The U.S. Small Business Administration (SBA) issued a new interim final rule Wednesday night opening the door for lenders to increase existing Paycheck Protection Program (PPP) loans to partnerships and seasonal employers. In separate guidance, the SBA extended the safe harbor for returning PPP loans from May 14 to May 18. The new interim final […]
ETtech Top 5: Zomato branches out, Salons may get expensive, Facebook’s trauma pay & more
Happy Thursday! Food delivery apps saw a significantly drop in order volumes after the country went into lockdown. While many upscale restaurants are jumping on the home delivery bandwagon, food ordering platforms are still reeling from a major slump in their core business. And that has promoted them to expand their logistics services. More than […]
40 Million Great Depressions
Harry Truman said “It’s a recession when your neighbor loses his job; it’s a depression when you lose yours.” Truman was born in the 1880’s. In his young adulthood during the early 20th century, there was a recession or a depression or a panic or a stock market crash almost every year, though growing up in small town Missouri, he […]
MakeMyTrip partners with hotels to launch online gourmet delivery service
Leading online travel firm MakeMyTrip on Thursday said it has partnered with premium hotel chains and independent properties in select cities across India to roll out online gourmet delivery service. With dine-in experiences coming to a halt due to the coronavirus pandemic-triggered lockdown, the company aims to bring culinary experiences from top restaurants to the […]
What Is Gross Margin, and How Can it Help Determine Profitability?
As a business owner, you calculate a variety of figures to determine your company’s financial health. One of these figures to keep on your radar is gross margin. Read on to learn what is gross margin and how it can help you set prices for your goods or services. What is gross margin? Gross margin […]
69% of advisers to review investment strategy
A survey of UK financial advisers has revealed that 69% plan to review their investment strategies in the wake of the Coronavirus. Nearly all advisers (95%) expect the pandemic to cause a major global recession although 66% believe fiscal and monetary policy can mitigate the impact. Almost half of adviser clients (49%) expect to delay […]