Illustration: Rahul Awasthi AliExpress, one of the oldest and largest e-commerce platforms that ships products to India, has managed to evade the latest ban on 59 Chinese apps, a list that includes three peers Shein, Club Factory and Romwe. Club Factory and Shein had earlier come under the government’s radar for allegedly misusing India’s duty-free […]
Archives for June 2020
Latest product news – July
The past few months have been challenging and taught us a lot about collaborating in remote environments. We know we do our best work when we stay #human and connected to customers and partners, so we’re proud to bring you these new features as we discover new ways to work together and strive to make […]
Why would anyone invest right now?
[embedded content] Get The Compound delivered to your inbox, subscribe here! Michael Batnick and Josh Brown discuss the hottest topics of the moment, including: * Is there a such thing as learning too much from economic history?* The flight to the suburbs is real and probably not going to end anytime soon.* What to make […]
Tough questions for IBDs
After fielding our IBD Elite ranking for the 35th year, it may seem a bit odd to ask now: What is an IBD? But independent broker-dealers are facing new pressures and challenges that pose existential threats to their business model. Competition from the RIA channel is undercutting margins and slowing firm growth. Consolidation is dramatically […]
PPP lender accounting issues addressed by new TQAs – Journal of Accountancy
Lender accounting issues related to the Paycheck Protection Program (PPP) are discussed in new Technical Questions and Answers (TQAs) issued Tuesday by the AICPA. TQAs 2130.41 through 2130.44 provide nonauthoritative guidance in answers to the following lender accounting questions: If a creditor restructures a loan due to COVID-19 to include a period of reduced payments, […]
PPP lender accounting issues addressed by new TQAs
Lender accounting issues related to the Paycheck Protection Program (PPP) are discussed in new Technical Questions and Answers (TQAs) issued Tuesday by the AICPA. TQAs 2130.41 through 2130.44 provide nonauthoritative guidance in answers to the following lender accounting questions: If a creditor restructures a loan due to COVID-19 to include a period of reduced payments, […]
IRS will not postpone July 15 deadline
The IRS announced late on Monday that it will not further postpone federal tax filing and payment deadlines beyond July 15 (IR-2020-134). In response to the hardships caused by the COVID-19 pandemic, most tax deadlines between April 1 and July 15 were moved to July 15 in Notice 2020-23. The IRS reminded taxpayers in its […]
Schroders Personal Wealth hires 3rd CEO in 12 months
Financial Planner Schroders Personal Wealth has appointed former Openwork chief executive Mark Duckworth as its new CEO. Mr Duckworth will become the third CEO of the company in 12 months when he takes the helm in September. His appointment is subject to regulatory approval. He replaces Peter Hetherington who stepped down recently to pursue other opportunities […]
Personal details of 1.29M Limeroad customers up for sale on darkweb: Report
Fashion platform Limeroad’s customer database has suffered a breach with details of 1.29 million shoppers up for sale on the darkweb, reports US-based cyber security firm Cyble, at a time when online shoppers are switching from Chinese apps to Indian e-commerce apps. “As part of our regular deepweb and darkweb monitoring, we came across a […]
Every cent, plus interest
Two weeks ago we paid back the entirety of our loan to JPMorgan Chase that we had borrowed under the Payroll Protection Program. Every cent, plus interest. We’re replacing it with a traditional line of credit from Chase. We’ll probably get access to our line next month, with the intention of only having to use […]