Rick Steves Bought His 103-Year-Old Hometown Theater for $2 Million. He Says the Real Return Isn’t Money
The travel enthusiast, founder, and philanthropist just bought a historic theater. The reason why may surprise you.
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Intuit CFO outlines bid to build an ‘end-to-end consumer platform’
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Intuit CFO Sandeep Aujla admits the company has lost market share in its consumer tax business in recent years, but he says he has a plan to win customers back. Speaking at the Goldman Sachs Communacopia and…
Here’s my power rankings for the big 4 hyperscalers after this earnings season
For months, I have been after Amazon CEO Andy Jassy to give us “line of sight” into something that can explain why they’re is spending so much money building out all of these data centers. I wanted to know if this is just some sort of rainbow without a pot of gold, or whether there…
How digital assets can help reshape correspondent banking
Key insights: Correspondent banking has been around since the 14th century, when Italian merchant-banking houses used a network of partner banks and agents to settle trade debts without physically shipping coins, and has since become a vital piece of infrastructure to facilitate global payments. What’s at stake: Digital assets are challenging some of the traditional…
FinMin nudges ministries to use PPI for rate adjustments in govt contracts | Finance News
The finance ministry has nudged all ministries and departments to move to Producer Price Index (PPI), from the current Wholesale Price Index (WPI), for rate escalation and adjustment clauses in future government procurement contracts. The Department of Expenditure, in a communication to all ministries and departments, said that PPI is a more internationally…
Every financing has two closing dates
Listen to the article 10 min This audio is auto-generated. Please let us know if you have feedback. The following is a guest post from Kenneth A. Rosen, partner at Ken Rosen Advisors PC. Opinions are the author’s own. Every significant financing has two closing dates. The first is the day the financing documents are…
US market regulator proposes fund rule reforms and investor exam
The regulator is evaluating new routes for individuals to attain accredited investor status. Credit: Tada Images/ Shutterstock.com. The Securities and Exchange Commission (US SEC) has moved to adjust regulations governing investment vehicles and capital generation, aiming to widen access for non-institutional participants and encourage development in regulated fund structures while retaining investor safeguards. Under the…
