Written by Gabriel HerveyFebruary 3, 2021
Robinhood’s bid to ‘democratise finance’ collides with Wall St reality
Finance Article
Robinhood’s ambition to “democratise finance” is set for one of its biggest tests after a week of chaotic trading that pushed it to seek an urgent injection of $1bn and infuriated many of its most loyal clients. The tumult has exposed the competing priorities the popular trading app faces between pleasing its users and the
Written by Gabriel HerveyFebruary 3, 2021
German Lawmakers Turn Sights on Finance Ministers in Wirecard Fraud Fiasco | World News
Finance Article
By John O’Donnell and Tom Sims FRANKFURT (Reuters) – Fresh from toppling the head of Germany’s top financial regulator last week, lawmakers are turning their fire on finance minister Olaf Scholz and his deputy Joerg Kukies. As their inquiry into the collapse of Wirecard gathers pace, it has put Germany’s biggest fraud centre stage in
Written by Gabriel HerveyFebruary 3, 2021
Elizabeth Warren to join Senate Finance Committee, responsible for tax legislation
Finance Article
(Bloomberg) — Senator Elizabeth Warren will join the Senate Finance Committee, an A-list Senate panel that oversees tax, trade and health care legislation, she announced on Tuesday. My first order of business on the @SenateFinance Committee – the committee that leads tax and revenue policy in the Senate – will be to introduce legislation for
Written by Gabriel HerveyFebruary 3, 2021
Yellen and Mexican finance minister discuss digital taxation
Finance Article
Yellen and Mexican finance minister discuss digital taxation MEXICO CITY (Reuters) – Mexican Finance Minister Arturo Herrera on Tuesday discussed with U.S. Treasury Secretary Janet Yellen the need for an international agreement on taxing the digital economy, Mexico’s finance ministry said. ©
Written by Gabriel HerveyFebruary 3, 2021
These Are the Misconceptions Minorities Have About Personal Finance
Finance Article
TheStreet sat down with Lauren Simmons, the youngest-ever female trader on the New York Stock Exchange to discuss misconceptions about finance that minorities should avoid. “I think finance has got this facade that it’s not inclusive,” says Simmons, “and it can be and it’s a lot easier than people think it is.” Simmons, 26, who
Written by Gabriel HerveyFebruary 3, 2021
CSI Teams With Autobooks For SMB Payments
Accounting Article
Share Tweet Share Share Share Email FinTech and RegTech provider Computer Services, Inc. (CSI) has collaborated with Autobooks to provide financial institutions (FIs) with the technologies they require to help small business clients better handle their finances, according to a Tuesday (Feb. 2) announcement. Autobooks is a completely integrated payments and accounting technology for small
Written by Gabriel HerveyFebruary 3, 2021
What is sustainability accounting? What does ESG mean? We have answers
Accounting Article
Sustainability is a hot topic today due to increasing awareness of climate change and inequality, among other pressing issues. © (Charl Folscher/Unsplash) As consumers, we can change our lifestyle, our investments and demand change from our governments. Together — along with accountants — we can get there. The Earth just recorded a seven-year hot streak
Written by Gabriel HerveyFebruary 3, 2021
Green accounting starts to add up
Accounting Article
When Britain’s regulators recently looked at whether the four largest audit firms help companies factor in the risk of climate change on financial outlooks, they found none did so. It was another example of contemporary economic thinking not accounting for nature. Now a report commissioned by the U.K. Treasury hopes to change that approach to
Written by Gabriel HerveyFebruary 3, 2021
Former WageWorks Executives Settle SEC Accounting Claims
Accounting Article
Former top executives at WageWorks Inc. agreed to settle claims that they made misleading statements that led to the improper recognition of $3.6 million in revenue, the Securities and Exchange Commission said Tuesday. Joseph Jackson, the former chief executive of the San Mateo, Calif.-based employee benefits administrator, agreed to pay a $75,000 penalty and reimburse
Written by Gabriel HerveyFebruary 3, 2021
Nordstrom to move out of one downtown Seattle office tower
Business Article
By Seattle Times staff reporter After a year that saw the Seattle-born retailer lay off workers and close stores, Nordstrom said Tuesday it will leave its offices on Seventh Avenue near Olive Way downtown, where it occupies a large part of a 24-story tower. In a statement, the company framed the move as a chance to
Written by Gabriel HerveyFebruary 3, 2021
Architect of BOJ’s ‘bazooka’ stimulus calls for fiscal firepower to beat deflation
Business Article
By Leika Kihara, Kentaro Sugiyama TOKYO (Reuters) – With interest rates already ultra-low, Japan must switch to bolder fiscal spending to pull itself out of economic stagnation, said Kikuo Iwata, the central bank’s former deputy governor and architect of its “bazooka” monetary stimulus. FILE PHOTO: Bank of Japan’s (BOJ) Deputy Governor Kikuo Iwata speaks during
Written by Gabriel HerveyFebruary 3, 2021
HomeServe Cares Foundation Awards $132,000 in Grants in 2020
Business Article
The MarketWatch News Department was not involved in the creation of this content. In 2020, HomeServe USA, a leading provider of home repair solutions, awarded seven grants totaling more than $92,000 through its HomeServe Cares Foundation (HSCF) “Caring for Community” grant program. The grants are awarded to non-profits and municipalities to support community-based programs. In
Written by Gabriel HerveyFebruary 3, 2021
UPDATE 1-NZ jobs surprise rules out rate cuts, tightening could be back sooner
Business Article
(Adds details, comment from analyst) By Praveen Menon WELLINGTON, Feb 3 (Reuters) – New Zealand’s jobless rate dropped unexpectedly and wages expanded, ruling out prospects for further central bank rate cuts and sparking talk that monetary tightening may be back sooner than expected. The seasonally adjusted unemployment rate dropped to 4.9% in the December 2020
Written by Gabriel HerveyFebruary 3, 2021
Stewart Information Services Corporation Announces 4th Quarter and Full-Year 2020 Earnings Conference Call
Business Article
The MarketWatch News Department was not involved in the creation of this content. Stewart Information Services Corp. (NYSE: STC) announced today it will hold a conference call to discuss fourth quarter 2020 earnings at 8:30 a.m. Eastern Time on Thursday, February 11, 2021. The call will follow the company’s release of earnings after the close
