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Archives for August 2020
5 Common Business Budget Mistakes That Can Throw Your Whole Year Out of Whack
A budget can act as a little roadmap to guide your business through the year. It can help you avoid overspending, make educated financial decisions, and stay organized. But if you aren’t careful, you could wind up making budget mistakes that negate all of these benefits. Learn about common budgeting mistakes and what to do […]
#FASuccess Ep 188: Leading With Directly-Held Real Estate Advice To Differentiate Traditional Wealth Management, with Rich Arzaga
Executive Summary Welcome back to the 188th episode of Financial Advisor Success Podcast! My guest on today’s podcast is Rich Arzaga. Rich is the founder of Cornerstone Wealth Management, a hybrid advisory firm based in Northern California that oversees nearly $70 million of assets under management for 65 affluent clients. What’s unique about Rich, though, […]
Self-employed trust property over pensions
Data from today’s Wealth and Assets Survey from the Office of National Statistics has shown that the self-employed continue to invest in property over pensions for their retirement. The self-employed had less confidence in pensions for their retirement savings according to the ONS data. Only 19% saw an employer pension as being the safest way […]
Investors are dismissing the risk of an inflation spike. Morgan Stanley says that could be a mistake
A woman wearing a protective mask walks near a mural that reads ‘WELCOME BACK NYC’ as the city continues Phase 4 of re-opening. Cindy Ord | Getty Images Entertainment | Getty Images There is one big difference between the current coronavirus-led economic downturn and the 2008 global financial crisis and it could drive up consumer […]
Victoria business hit with closures – what you need to know
In a drastic move to limit the spread of COVID-19, Victoria has taken the unprecedented step of mandating a curfew in metropolitan Melbourne, enforcing strict movement limitations and announcing a vast host of business closures. Regional Victoria (under Stage 3 restrictions) will have slightly different rules from Melbourne (Stage 4), which will face stronger restrictions. […]
Twitter faces FTC probe over ad targeting practices
The U.S. Federal Trade Commission is probing Twitter for alleged violations of a law that prevents the social network from using personal data provided for security purposes to target ads, the company disclosed on Monday. In a regulatory filing, Twitter said it received a draft FTC complaint alleging violations between 2013 and 2019. Twitter said […]
DMart’s ecommerce unit doubles sales but loss widens too
Avenue Supermarts, which runs the DMart retail chain, saw its online sales more than double during FY20 to Rs 354 crore despite operating only in Mumbai. The country’s most valuable retailer by market capitalisation, however, widened its net loss by 57% to Rs 80 crore in the four-year-old e-commerce subsidiary – Avenue E-Commerce. A year […]
Flipkart rolls out ‘dark stores’ for deliveries as it takes on Reliance’s JioMart
Walmart-controlled e-commerce major Flipkart is dotting various Indian cities with “dark stores,” or outlets used only for deliveries to the nearby locations, to take on Reliance’s JioMart that went live in May. Flipkart is aggressively ramping up food and grocery-specific warehousing capacity by lining up dozens of small storage spaces – in the range of […]
With RIL eyeing Netmeds deal, online pharma set for consolidation
Illustration: Rahul Awasthi India’s online pharmacy space is expected to see a wave of consolidation, triggered by Reliance Industries’ reported acquisition of Chennai-based Netmeds, with global investors also lining up to back the winners in the fast-growing sector. Reliance’s yet-to-be announced acquisition of Netmeds for an estimated $120 million is a catalyst for other players […]