Disney reported a rare quarterly loss Tuesday — nearly $5 billion. Most of its business segments, from theme parks to cruise lines, are faring poorly in the pandemic. There was a bright spot, though: Steep losses were somewhat offset by the performance of its media business. Disney explained that one big reason has to do […]
Archives for August 2020
FASB simplifies accounting for convertible instruments, contracts in own equity
FASB issued a new standard Wednesday that is designed to simplify financial reporting associated with accounting for convertible instruments and contracts in an entity’s own equity. The board reduced the number of accounting models for convertible debt instruments and convertible preferred stock. This will result in fewer embedded conversion features being separately recognized from the […]
Paytm Money – Mutual Funds & Stock Investment App – Review
Paytm Money – Paytm Money is a mutual fund and stock investment platform. Investors looking for mobility while investing in mutual funds, equity and NPS opt for Paytm Money. As the name suggests, it is a subsidiary of Paytm. Paytm App and platform is growing popularity among investors. Paytm Money App is downloaded by more […]
Microsoft Teams Patch Bypass Allows RCE
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Instagram’s TikTok rival Reels launches in over 50 markets
Facebook rolled out its own version of social media rival TikTok in the United States and more than 50 other countries on Wednesday, embedding a new short-form video service called Reels as a feature within its popular Instagram app. The debut comes days after Microsoft said it was in talks to acquire TikTok’s U.S. operations […]
It’s Directional
Johnson & Johnson announced Wednesday that it will develop and deliver 100 million doses of its coronavirus vaccine for the U.S. in a deal totaling more than $1 billion. The company’s experimental vaccine is currently in early-stage human trials and is expected to begin late-stage human trials in September, executives have previously said. The deal gives the […]
ETtech Top 5: Disney’s direct-to-consumer push, E-commerce sales are back & more
Disney is making a big bet on direct-to-consumer services for its future growth as the company’s other businesses were hit hard by the Covid-19 pandemic. Meanwhile, Amazon and Flipkart will launch sale events to help sellers ahead of the crucial festive season. Disney+ Hotstar growth Disney+ Hotstar had clocked around 8.63 million subscribers in India […]
Using A Family Dynasty 529 Plan For Multigenerational College Planning
Executive Summary According to the Bureau of Labor Statistics, individuals with 4-year college degrees earn, on average, almost $25,000 more per year than those who never attended college, while those with professional degrees earn over $60,000 per year more than those who never attended college. Yet, given the steep price of a college education and […]
Moderna’s second-quarter revenue jumps fivefold on coronavirus vaccine development
A sign marks the headquarters of Moderna Therapeutics, which is developing a vaccine against the coronavirus disease (COVID-19), in Cambridge, Massachusetts, May 18, 2020. Brian Snyder | Reuters Moderna reported Wednesday a fivefold increase in second-quarter revenue as the company pursues one of the nation’s leading vaccine candidates to fight Covid-19. Revenue jumped to $66.4 […]
FNZ-GBST merger blocked following CMA investigation
The Competition and Markets Authority has provisionally blocked the ‘mega-merger’ of platform providers FNZ and GBST due to concerns that the tie-up would hit competition and may lead to investors paying more. FNZ may now be forced to sell all or part of GBST. The two firms dominate the ‘platform engine’ sector in the UK. The CMA […]