There are early signs that India is finally turning into a digital payment economy less dependent on cash. For the first time, in the fourth quarter of 2019, the value of card and mobile payments at Rs 10.57 lakh crore exceeded ATM withdrawals which amounted to Rs 9.12 lakh crore. After overtaking cash withdrawals, digital […]
Archives for July 2020
US coronavirus response disappointing: Facebook chief Mark Zuckerberg
Facebook chief executive officer Mark Zuckerberg said on Thursday he was disappointed in the US government’s response to the coronavirus, in particular in the undermining of advice from scientists about public health measures like mask-wearing and failures of mass testing to control the spread of the disease. “It’s really disappointing that we don’t have adequate […]
Covid-19: Facebook removes ‘misleading’ post by a doctor on Karnataka govt request
Representative Image Facebook removed a Hyderabad-based doctor’s post which offered potentially misleading medical advice including a blanket drugs prescription to Covid-19 patients on its social networking platform, heeding a first of its kind request from the Karnataka government amid the pandemic. The American social media company told ET it had removed the post of cardiologist […]
Ebay nears $10 billion sale of classified ads unit: Sources
Ebay has called a board meeting on Friday to select a buyer for its classified ads business in a deal potentially worth up to $10 billion, sources close to the matter told Reuters. The U.S. e-commerce giant will need to decide between two all-cash bids – submitted by online retailer Prosus and a private equity […]
Pott County hires McPherson accounting firm to help handle virus money – Manhattan Mercury
Pottawatomie County commissioners Monday approved hiring a McPherson accounting firm to help guide administrators with $4.9 million the county is expected to receive in coronavirus aid. At the recommendation of Administrator Chad Kinsley, the commission approved hiring the firm of Swindoll, Janzen, Hawk & Lloyd to audit and do the reporting for the funds the […]
Thousands of Vulnerable F5 BIG-IP Users Still Open to Takeover
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Voices: Robinhood is democratizing markets, not disrupting them
Robinhood Financial and other online brokerage firms are overrun with rubes and gamblers naively bidding up U.S. stock prices and destabilizing the entire market. That has been the dominant narrative around U.S. stocks since the market began its surge in late March. It’s not true, or at least there’s scant evidence for it. It’s also […]
The coronavirus led my firm to a bold decision
I remember coming home from an industry event a few years ago and recounting how — literally — all the advisors from the Northeast I spoke to talked about three things: a desire to spend part or all of the year in Florida, to learn more about the independent space and to beef up their […]
Weekend Reading for Financial Planners (July 18-19)
Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the economic buzz of both Presidential candidate Joe Biden’s proposed tax plan (with significant ramifications to advisors and their clients with incomes greater than $400,000/year), and the potential that a new economic stimulus package may be […]
Coming soon to your living room: The CFP exam
For the first time, the CFP Board will allow some of the 8,000 candidates who sit for its examination annually to do so from the comfort of their homes — under the watchful eye of remote live monitors. The ongoing coronavirus pandemic and quarantine necessitated the change, according to the board. “The health and safety […]