News PERSONAL FINANCIAL PLANNING By Anita Dennis {:else} {timeSince} {/if} {@if cond=”{isCGMA}”} {:else} {/if} {/.} Americans’ financial satisfaction hit an all-time high in the fourth quarter of 2019, according to the AICPA’s Q4 2019 Personal Financial Satisfaction Index (PFSi). Gaining ground from the previous quarter and up significantly from its record lows a decade ago, […]
Archives for 2020
Consolidation was always on the menu: Dara Khosrowshahi
Consolidation is bound to happen in sectors where there is too much capital chasing too many companies, Uber CEO Dara Khosrowshahi told CNBC while commenting on the company’s sale of its food delivery business in Indiato local rival Zomato. Khosrowshahi added that the deal allows the San Francisco-based headquartered firm to deploy capital in other […]
ByteDance is seeking a new CEO for its TikTok business
By Kurt Wagner and Sarah Frier Chinese internet giant ByteDance Inc. is seeking a new chief executive officer for its TikTok business, a hugely popular video app that American politicians have targeted as a potential security threat. The company has interviewed candidates in recent months for the CEO role, which would be based in the […]
Things that should worry foreign investors after the Bezos episode
By Mihir Sharma In most places, government ministers would be happy to hear that someone intends to invest a billion dollars in their country. Not in today’s India. Late last week, Amazon.com Inc.’s Jeff Bezos announced that he would be pumping another billion into the online retailer’s India arm; in response, India’s commerce minister, Piyush […]
Making IoT pay: How to build a profitable IoT business model
The rapid growth of the Internet of Things (IoT) will continue into 2020 and beyond. We have now reached the point of no return, says Ian Marsden, founder and CTO of Eseye. The world relies heavily on connected devices and continued innovation in the fields of artificial intelligence (AI), machine learning, and voice-controlled devices is […]
Banned cryptocurrency to uphold integrity of banking system: RBI
By Samanwaya RautrayThe Reserve Bank of India on Wednesday defended in the Supreme Court its 2018 circular directing banks to desist from dealing in any transactions involving cryptocurrencies, insisting that it had always been consistent in its opposition to allowing any other payments systems and undermining the integrity of the banking system. The central bank, […]
Calling U.S. Partners: The Xero Forward Fund is Here
At Xero, we’re not only addressing today’s challenges, but we’re also taking steps to build the future. We’re proud of the contributions our accounting and bookkeeping partners have made in the small business community and want to extend their impact even further. That’s why we’re pleased to announce the launch of the Xero Forward Fund! […]
Tech policy think tanks asks govt to strengthen cyber security in India
Technology policy think tanks and digital freedom advocates have written to the National Security Council Secretariat urging stronger encryption requirements, improved breach disclosure norms and use of open-source software while encouraging free flow of data across borders, as part of suggestions to strengthen cyber security in India. Last year, the government said it planned to […]
Pentagon racks up $35T in accounting changes in one year – Accounting Today
The Pentagon made $35 trillion in accounting adjustments last year alone — a total that’s larger than the entire U.S. economy and underscores the Defense Department’s continuing difficulty in balancing its books. The latest estimate is up from $30.7 trillion in 2018 and $29 trillion in 2017, the first year adjustments were tracked in a […]
Pentagon racks up $35T in accounting changes in one year – Accounting Today
The Pentagon made $35 trillion in accounting adjustments last year alone — a total that’s larger than the entire U.S. economy and underscores the Defense Department’s continuing difficulty in balancing its books. The latest estimate is up from $30.7 trillion in 2018 and $29 trillion in 2017, the first year adjustments were tracked in a […]