The U.S. Small Business Administration (SBA), in consultation with Treasury, released Wednesday a revised loan forgiveness application for the Paycheck Protection Program (PPP). The SBA also unveiled a new EZ application for forgiveness of PPP loans. The applications reflect changes to the PPP made by the Paycheck Protection Flexibility Act of 2020, P.L. 116-142, which […]
Archives for June 2020
Driving, not flying
Chart o’ the Day comes from Bank of America Merrill Lynch’s economics team. They track mobility surveys from the Dallas Fed and Google to determine the speed and strength of the economy’s reopening. There’s an interesting thing happen between the rate at which flying returns versus driving. It’s intuitive that people taking trips this summer […]
Walmart’s Mexico unit rolls out mobile phone service
MEXICO CITY (Reuters) – Walmart’s Mexican unit has launched a mobile phone service available throughout the country, the retailer said on Wednesday. Called “Bodega Aurrera Internet y Telefonia,” or BAIT, the service offering prepaid calls and internet usage is available at Bodega Aurrera, Mi Bodega and Walmart store formats. Mexican media first reported on BAIT’s […]
Who is the house?
It’s a tortured metaphor, but one you’re hearing a lot lately: The stock market is a casino. Hell, even I’ve said it over the last few weeks. Outside of the 1930’s and 2008, 2020 features the highest percentage of days (32%) with 2% swings for the S&P 500 up or down. And there are millions […]
Sensibull Options Trading Platform – Virtual Trade by Sensibull
Sensibull is options trading platform. Sensibull offers real as well as a virtual trading platform. Sensibull helps traders to decide the correct strategy based on market condition. You can also get useful information like trade, strike price, profit and loss potential, etc before entering in option for trade. It also allows you to compare various […]
CCI reviewing Facebook buy in Jio Platforms
The Competition Commission of India (CCI) is reviewing Facebook‘s acquisition of 9.99% stake in Jio Platforms. The CCI looks to prevent misuse of data in all the deals it assesses, Chairman Ashok Kumar Gupta said, as per reports. Gupta, however, did not comment further on the Facebook-Jio transaction pending examination. CCI is also examining if […]
ETtech Top 5: Surge in labour demand, upskilling engineers, Made in India TVs
Happy Wednesday! As migrant labourers flee India’s cities to get back to their hometowns, staffing firms are seeing a surge in demand for workforce from e-commerce, logistics, hygiene products and safety gear companies. And with work from home and online schooling likely to stay here for a few more months, laptop and tablet makers are […]
Why is risk profiling important in financial planning?
In the recent market situation when the Sensex was down by approximately 30-35% in a month’s time during the Feb –March 2020, many of us felt uncomfortable looking at the negative returns. The Sensex fell from around 40,000 marks to a steep low level of around 26000. Now the market has already recovered partially and […]
Building responsible and trustworthy AI
As use of AI becomes even more pervasive, data scientists and organisations just ‘doing their best’ won’t be sufficient. Scott Zoldi, AI expert at FICO explains that with the rise of AI advocates, responsible AI will be the expectation and standard. In recent years, data and AI have become widely used across a multitude of […]
E-commerce players push local brands, but the Chinese grip on electronics stays firm
Illustration: Rahul Awasthi Indian e-commerce marketplaces may accelerate their efforts to localise private label products and run campaigns to promote locally manufactured goods on their platforms as geopolitical tensions between India and China have flared up to their worst levels in over four decades. However, it’s unlikely that these marketplaces will take a stance on […]