U.S. stocks climbed, with the S&P 500 erasing its losses for 2020, as easing lockdowns bolstered economic optimism. The dollar fell. The equity benchmark extended a rally from this year’s lows to more than 40%, rising to a 15-week high. Occidental Petroleum surged after Bloomberg News reported the company is reviewing options for its Middle […]
Archives for June 2020
Nasdaq hits record close, confirms bull market on economic recovery hopes
(Reuters) – The Nasdaq hit a record high close on Monday, becoming the first of the major indexes to confirm a new bull market, and the Dow and S&P 500 jumped as expectations for a swift recovery from a coronavirus-driven downturn increased. The S&P 500 ended in positive territory for the year to date. Rising […]
Partial PPP loan forgiveness remains if 60% threshold not met
Borrowers under the Paycheck Protection Program (PPP) can qualify for partial loan forgiveness if less than 60% of the PPP loan is used for payroll, the U.S. Small Business Administration (SBA) and Treasury said Monday. Legislation signed June 5 lowered to 60% from 75% the minimum percentage of PPP funds borrowers have to spend on […]
5 Best Performing Stocks Despite Covid-19 Outbreak – 70% Returns
Best Performing Stocks – COVID-19 Outbreak and lockdown have created a crisis in the economy. The Indian Stock market is down nearly 20%. Coronavirus pandemic has shaved off the market cap and created a panic situation in the market. Uncertainty and panic situation in the stock market is likely to continue till the time Covid-19 […]
Accounting MOVE Project releases 2020 report on female leadership – Accounting Today
The Accounting & Financial Women’s Alliance and its Accounting MOVE Project released their 2020 report, detailing female leadership and gender equity at CPA firms. MOVE (Money, Opportunity, Vital supports, and Entrepreneurship), sponsored by CohnReznick, Moss Adams, and other participating firms, focuses on the advancement of female leaders via yearly reviews. The 2020 MOVE Project results […]
ETtech Top 5: Kalyan Krishnamurthy interview, Arkam Ventures’ first close, Scootsy shutdown & more
Happy Monday! The Covid-19 pandemic has changed the way consumers think about essentials. Prior to the coronavirus outbreak, essentials were mostly grocery items and consumables. But with everyone spending most of their time at home, people have moved to a new definition of essentials. That’s according to Kalyan Krishnamurthy, group chief executive at Flipkart. In […]
Airbnb joins vacation-rental sites seeing surge in summer demand
By Olivia Carville Antsy city dwellers seeking to escape their Covid-19 refuges are road-tripping to nearby vacation rentals in surprisingly strong numbers, showing the first signs of life for an industry that essentially ground to a halt in March. “People, after having been stuck in their homes for a few months, do want to get […]
Coronavirus-related searches see a drop, people back to Googling for films, weather
After dominating the conversations for weeks, coronavirus seems to be falling off the popularity charts as netizens in the country went back to searching for topics like films and weather on Google in May. According to Google search trends, the search volume for coronavirus in May was half of that in April even though the […]
1m more reach Pension Freedom age this year
A record 1m more people will reach the Pension Freedom age of 55 his year and this ‘peak’ will last for several years, according to new analysis. Using ONS statistics, Aegon says its research found that 941,000 people will turn 55 in 2020. Aegon says 2020 marks a ‘peak year’ for people to reach 55 […]
Summer Reading List Of “Best Books” For Financial Advisors – 2020 Edition
Executive Summary In a ‘normal’ year, summer is the season of vacation and family trips, as client meetings tend to slow down (if only due to the clients’ own vacations), and advisors get a little more time for rest and relaxation. Unfortunately, the coronavirus pandemic has disrupted a lot of family and vacation plans for […]