Former Defense Secretary Leon Panetta told CNBC’s “The News with Shepard Smith” that lawmakers from both sides of the aisle “need to be realistic” that President Donald Trump will not try to discourage violent protesters in the days leading to President-elect Joe Biden’s inauguration. “This President’s not going to do that,” said Panetta, who served […]
Archives for January 2021
Wealth managers, firms cut off political donations in wake of Capitol attack
A slew of wealth management and asset management firms are pausing political donations in the wake of the deadly attack on the U.S. Capitol by pro-Trump supporters seeking to overturn the results of the election. The policy changes could cut off some politicians from significant campaign funds and show how firms are responding to last […]
Baxter International beats shareholder claims over forex accounting – Reuters
By Jody Godoy 1 Min Read A Chicago federal judge dismissed a proposed class action against Baxter International Inc on Tuesday, writing that shareholders failed to claim the medical equipment company and its top executives knew the company was not accurately recording foreign transactions. U.S. District Judge Sara Ellis said that two pension funds’ allegations […]
Is Chamath the New Warren Buffett?
[embedded content] Subscribe! Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Bitcoin’s Blow-Off Top – the crypto asset lost a quarter of its value in one night, what’s up? ►The new Tesla […]
Final regs. govern deductibility of fines and penalties
Taxpayers subject to government fines and penalties received guidance on when those payments are deductible or not deductible under final regulations posted by the IRS on Tuesday (T.D. 9946). The regulations provide guidance on Sec. 162(f), which was amended by the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, and on […]
Final rules on exempt organization excess remuneration
Tax-exempt organizations received guidance from the IRS on Tuesday regarding the excise tax on compensation in excess of $1 million and certain parachute payments. The IRS issued the final regulations (T.D. 9938) under Sec. 4960, which was added to the Code by Section 13602 of the law known as the Tax Cuts and Jobs Act, […]
PEEC reviewing AICPA Code in response to new SEC independence rules
The AICPA Professional Ethics Executive Committee (PEEC) published a temporary policy statement Monday stating that it will evaluate whether the AICPA Code of Professional Conduct (Code) should be revised as a result of recent SEC rules amendments related to auditor independence requirements. The SEC amendments, which take effect June 9, 2021, with early adoption permitted, […]
SJP to chop 200 roles after review
Wealth manager St James’s Place is to cut 200 jobs from its workforce following a review of the business. The company says it has been carrying out a strategic review for the past 12 months and identified some duplication of tasks and some unnecessary work which made a number of jobs redundant. Staff were informed […]
Gold Price History 50 Years – Why you should invest in Gold?
Gold a yellow shining material is considered a safe haven for investment. Gold is valuable & reliable metal for investment. Gold consistently gives better returns to investors. In the year 2020, gold has given 25% returns to the investors. The 1 Lakh invested in gold in the year 2019 has become 1.25 Lakh in 2020. […]
Drowning in Overdue Bills? Find Out How to Minimize Debt in 6 Steps
Approximately 70% of businesses have outstanding debt. Does yours? If so, it’s time to learn how to minimize debt and get your finances back on track. Read on to learn more about business debt and ways to eliminate it. Business debt overview So, what exactly counts as business debt? For starters, debt is money your […]