Data analytics company Palantir said on Monday it has confidentially filed paperwork with the U.S. Securities and Exchange Commission (SEC) to go public. The confidential submission relates to a proposed public listing of the Class A common stock, Palantir said in a statement, adding that the listing is expected to take place after the SEC […]
Archives for July 2020
E-invoicing and what it means for small businesses
As governments around the world enforced shutdowns to ensure public safety, many digital initiatives that were previously a low priority became critical for business continuity. At the same time, the Singapore government stepped up its support to help local businesses with digital adoption. For example, the Fortitude Budget announced at the start of June included […]
Steward Partners, Dynasty among 1,000+ wealth firms that got PPP loans
More than a month after Ritholtz Wealth Management took a barrage of criticism for taking federal aid aimed at small businesses, new data shows more than a thousand advisory firms took advantage of the government program. Among them: Carson Group, Dynasty Financial Partners and Steward Partners. The information on Paycheck Protection Program loans of $150,000 […]
How to turn newborn babies into future millionaires!
[embedded content] Just posted on The Compound YouTube channel: Josh is joined by Noah Kerner, CEO of Acorns, one of the most popular investing apps in America. More than seven million customers use the Acorns app to turn small change into big savings, and Noah’s goal is get the next generation of investors started even […]
SBA, Treasury release names of some PPP recipients
The U.S. Small Business Administration (SBA) and Treasury released Monday the names of all organizations that received Paycheck Protection Program (PPP) forgivable loans of $150,000 or more. The SBA and Treasury also published data for recipients of PPP loans less than $150,000 but did not reveal the names and addresses of those businesses. The data […]
Consolidated groups get NOL guidance
The IRS issued proposed (REG-125716-18) and temporary regulations (T.D. 9900) to provide guidance for consolidated groups on the treatment of net operating losses (NOLs) after recent statutory changes. Both the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, and the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, amended […]
The Importance of Accounting Comparability – CFO Magazine
Accounting standard setters and regulators seek greater comparability in financial reporting. In fact, U.S. GAAP has been significantly evolving over the years, but accounting standards are inherently complex. And, the recent changes in U.S. GAAP actually introduced new analytical challenges for investors. The existing standards provide accounting chiefs with alternative choices (e.g., inventory cost-flow assumptions, […]
ETtech Top 5: Uber-Postmates deal, Facebook India’s education push & more
Consolidation in the online food delivery segment continues as ride-hailing giant Uber acquires Postmates. Meanwhile, Instagram is partnering with youth-centric ventures to help teens counter hate and misinformation Food Delivery Consolidation Uber is buying Postmates for $2.65 billion in an all-stock deal, in a bid to strengthen its presence in the on-demand food delivery segment […]
Digital Insurance: 5 digital trends shaping the insurance industry
At this point in history, the digital revolution has turned nearly every industry upside-down in one way or another. The disruptions are clearly visible in industries like retail, where the rise of eCommerce has changed everything, and in media, where nearly every outlet has been challenged and disrupted by digitisation, says Mark Broadly, a Journalism […]
Digital payments soar as Covid-19 fuels online transactions
Illustration: Rahul Awasthi Digital payments surged during the lockdown, in signs indicating a new trend in consumer behaviour among youth and older citizens alike. Payment companies saw record new sign-ups and increased volumes on online channels as the pandemic disrupted traditional payment methods. “The lockdown has also brought many people — who were not very […]