It was an alarming series of breakdowns that baffled traders: As two of the most popular stocks split at the start of the week, thousands of U.S. retail investors couldn’t use their brokerage accounts. Increased trading precipitated by Apple and Tesla share splits contributed to problems at Robinhood and Charles Schwab when markets opened on […]
Archives for September 2020
Employers added 1.4M jobs in August, but subtracted 1.6K in accounting – Accounting Today
Employment increased by 1.4 million in August, the U.S. Bureau of Labor Statistics reported Friday, as the unemployment rate fell to 8.4 percent from 10.2 percent in July amid signs of economic recovery despite the ongoing COVD-19 pandemic, although the number of accounting and bookkeeping jobs declined last month by 1,600. The BLS reported that […]
RBC lures 2 more practices, nears $20B in assets recruited this year
RBC’s rapid expansion in the U.S. wealth management market continues with the addition of two separate firms, from opposite ends of the country, managing a combined $1.62 billion in client assets under management. With these two firms, RBC is nearing $20 billion in assets recruited year-to-date, according to the firm. The first is Glasband Stempel […]
ESG bond fund growth beats stocks after COVID-19 boost
Funds that buy debt designed to help society grew at a faster pace in the first half of the year than those that buy sustainable equity. The COVID-19 pandemic has fueled demand for funds globally that invest in any sort of asset that can make the world better and fight the disease, according to Hortense […]
ICPAS hosts annual ‘Jumpstart’ student program – Accounting Today
The Illinois CPA Society recently hosted more than 270 local accounting students as part of its annual Jumpstart to Accounting program. The event, held online this year, connects Illinois accounting students with thought leaders, motivational speakers, recruiters and career coaches to help them get a head start on successful accounting and finance careers. The two-hour […]
Netflix, Amazon Prime Video and 13 others adopt self-regulation code: IAMAI
Online content providers including Netflix, Amazon Prime Video, Disney Hotstar and 12 others have adopted the ‘Universal Self-Regulation Code for OCCPs’, under which the players will set up structured grievance redressal and escalation mechanism for users, internet industry body IAMAI on Friday said. Internet and Mobile Association of India (IAMAI), in a statement, said the […]
The Biggest Threat to Your Favorite Tech Stock
Josh’s guest on the podcast this week is Byrne Hobart (author of The Diff substack letter) who has just completed a comprehensive series of thought experiments on each of the largest technology stocks. After a conversation with Andrew Walker (Yet Another Value Blogger), Byrne set off to answer the question What could disrupt Amazon, Apple, […]
The crystal ball of accounting – Accounting Today
Data analytics and forecasting have quickly come to the forefront during the COVID-19 pandemic, as businesses struggle to predict what the future will bring. There is no such thing as a crystal ball, but today’s analytics and forecasting tools come closer than ever, and have the potential to solidify the importance of the accountant as […]
WeWork India raises $100 million from WeWork Global
US-based office space provider WeWork Global has bought 20 per cent stake in WeWork India, a fully-owned subsidiary of Bengaluru-based estate developer Embassy Group, for $100 million as the company looks to scale up India operations over the next 36 months. Embassy Group had 100% rights over WeWork India, which is an independent entity with […]
Preparing for the future: Five things to consider as lockdown eases
The lockdown period created many new and unfamiliar challenges for all of us. Few businesses, if any, have been left unscathed during the past few months. There are still many unknowns ahead, but as lockdown restrictions continue to ease in some areas and schools begin to reopen, businesses too are preparing for the ‘new normal’. […]