This weekend’s Barron’s cover story by Reshma Kapadia looks at widening economic inequality that, at some point, will have major investing and taxation consequences for the investor class and Corporate America. The pandemic and related lockdowns took an already ailing situation and made it even worse. 40% of the people who’ve lost their jobs this […]
Archives for June 2020
Best Personal Loans in India 2020
Best Personal Loans – Personal loan is any purpose loan that can be taken anytime. However, personal loan is bad for your personal finance. I won’t recommend anyone to take a personal loan. It should be last option in the list. The basic reason behind not recommending personal loan is higher interest rate. A personal […]
5 Lending Companies for Small Business Loans
Lending companies provide loans to small businesses. If you are looking for loans from online lending companies for small business needs, here is a list of 5 Lending companies that offer loans for your financial needs. If your loan application is rejected by the bank, you can go for online lending companies for small business […]
U.S. reports 30,000 daily coronavirus cases, highest number since May 1
The U.S reported some 30,000 new coronavirus cases on Friday, the highest number of daily infections recorded since May 1, according to data compiled by Johns Hopkins University. New cases across the country are surging faster than ever, especially in states in the South, West and Midwest. Officials are warning that some clusters of infections […]
SBA, Treasury to publish names of some PPP loan recipients
The U.S. Small Business Administration (SBA) and Treasury have agreed to publish the names and amount ranges for all recipients of Paycheck Protection Program (PPP) loans of $150,000 or more. In a news release issued Friday night, Treasury Secretary Steven Mnuchin and SBA Administrator Jovita Carranza said they had reached an agreement with the bipartisan […]
Amazon signals entry into alcohol delivery in India with nod in key state
Representative image Amazon has secured clearance to deliver alcohol in India’s eastern state of West Bengal, according to a document seen by Reuters, signalling the U.S. e-commerce giant’s first foray into the country’s multi-billion-dollar sector. In a notice on Friday, West Bengal State Beverages, the authorised agency to carry out online retail of liquor trade […]
Government warns against major upcoming phishing attack which promises free Covid-19 testing
The Indian government has issued an advisory to citizens warning them against a large scale phishing campaign which impersonate the Indian government and promises free Covid -19 tests and other resources. In return, they steal important personal and financial data of citizens. The malicious actors are claiming to have 2 million individual email addresses and […]
Trump, Biden and Social Security’s future: Benefit cuts or higher taxes?
The 2020 presidential campaign could mark a turning point in resolving Social Security’s long term financial stability. It comes down to simple math: Some 73 million baby boomers will be at least 65 years old by the end of the decade. The coronavirus pandemic could deplete the program’s $3-trillion trust fund as early as 2028, […]
Robinhood’s new traders ignore danger signs to bet on stocks
Rich hedge fund managers are talking about it. So are not-so-rich millennials. And fast-twitch gamers, and bored sports fans and — in all likelihood — some 15-year-olds you know. The “it” is Robinhood Financial’s trading app, which is throwing jet fuel on the speculative fires of coronavirus-era equity markets. Not since the dot-com mania of […]
Tesla tells employees merit awards are on hold after Covid-19
Tesla employees learned on Thursday that the company has scheduled a new round of performance reviews to be completed by July 27, and plans to delay paying out merit awards previously promised to employees until after that cycle. The composition of merit awards at Tesla has varied over time, but can include raises, stock options, […]