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Showing posts with the label finance

Office 365 Hackers target Finance and Insurance Executives -&- Hackers target 'Square' Cash App

  Square’s Cash App vulnerable to hackers, customers claim: 'They're completely ghosting you' https://www.yahoo.com/finance/news/squares-cash-app-vulnerable-to-hackers-customers-claim-113556593.html SOURCE:  Alexis Keenan·Reporter, Yahoo Finance  Office 365 Phishing Attack Targets Financial Execs https://threatpost.com/office-365-phishing-attack-financial-execs/164925/ SOURCE:  Becky Bracken, Threat Post 

Nokia to Layoff 10,000 and Reinvest in 5G -&- Wikimedia Launches Paid Service for Major Tech Companies

  Nokia plans up to 10,000 job cuts, reinvest the savings in 5G, cloud networking products https://www.zdnet.com/article/nokia-plans-up-to-10000-job-cuts-reinvest-the-savings-in-5g-cloud-networking-products/ SOURCE:  Larry Dignan, ZDNet   Wikimedia will launch a paid service for big tech companies https://www.theverge.com/2021/3/16/22334276/wikimedia-enterprise-api-service-big-tech-knowledge-boxes#comments SOURCE:  Adi Robertson, The Verge 

Citigroup Accidentally Paid out $900M -&- 1,000+ Engineers Used to Coordinate SolarWinds Hack Attack

  Citigroup cannot recoup Revlon payouts after nearly $900 million gaffe: U.S. judge https://www.reuters.com/article/us-citigroup-revlon-lawsuit/citigroup-cannot-recoup-revlon-payouts-after-nearly-900-million-gaffe-u-s-judge-idUSKBN2AG1TJ SOURCE:  Reuters Staff Microsoft: SolarWinds attack took more than 1,000 engineers to create https://www.zdnet.com/article/microsoft-solarwinds-attack-took-more-than-1000-engineers-to-create/ SOURCE:  Liam Tung, ZDNet  

Mastercard will Allow Merchants to Accept Cryptocurrencies -&- Instagram Bans Robert F. Kennedy, Jr.

  Bitcoin surges 7% to a record high amid new adoption from Mastercard and BNY Mellon https://markets.businessinsider.com/currencies/news/bitcoin-price-surges-to-record-high-cryptocurrency-mastercard-2021-2-1030073794 SOURCE:  Isabelle Lee, Business Insider Robert F. Kennedy Jr. has been banned from Instagram https://www.cnn.com/2021/02/10/tech/robert-kennedy-jr-instagram-ban/index.html SOURCE:  Rishi Iyengar, CNN Business

John McCain Movie in Development -&- SBA has Forgiven $100 Billion of PPP Loans

  John McCain movie in the works with support from family https://thehill.com/blogs/in-the-know/in-the-know/533985-john-mccain-movie-in-the-works-with-support-from-family SOURCE:  Judy Kurtz, The Hill $100B in PPP loans forgiven: SBA https://thehill.com/policy/finance/533991-100b-in-ppp-loans-forgiven-sba SOURCE:  Niv Elis, The Hill

Salesforce and Tyson Foods Hire an In-House 'Chief Medical Officer' -&- You Don't Have to Itemize to Take this $300 Tax Deduction

  Tyson joins growing list of companies hiring chief medical officers amid pandemic https://thehill.com/business-a-lobbying/530379-tyson-joins-growing-list-of-companies-hiring-chief-medical-officers-amid SOURCE:  Alex Gangitano, The Hill  This $300 Tax Deduction Is Available For 2020 Only https://www.huffpost.com/entry/300-tax-deduction-charitable-contributions_l_5fd90d46c5b663c3759a88b5 SOURCE:  Casey Bond, HuffPost 

Michigan County Gives $500 Stimulus Checks to Laid-Off Workers in Food/Fitness/Entertainment Industries -&- Miami Mayor Trying to Lure Goldman Sachs to Florida

  Stimulus Checks on the Way in Michigan's Wayne County as Americans Await COVID Relief Deal https://www.newsweek.com/stimulus-checks-way-michigans-wayne-county-americans-await-covid-relief-deal-1554318 SOURCE:  Mili Godio, Newsweek Miami Mayor Encourages Goldman Sachs to Move to Florida Amid Report Company is Weighing Option https://www.newsweek.com/miami-mayor-encourages-goldman-sachs-move-florida-amid-report-company-weighing-option-1552979 SOURCE:  Meghan Roos, Newsweek

UPS Puts Shipping Limits on Retailers -&- Tesla Stock will Fall Dramatically if Company Costs aren't Controlled

  UPS places shipping limits on some retailers as holiday shopping heats up, report says https://www.cnbc.com/2020/12/02/ups-places-shipping-limits-on-some-retailers-as-holiday-shopping-heats-up-report-says-.html SOURCE:  Noah Higgins-Dunn, CNBC Business Musk to Tesla employees: ‘Our stock will immediately get crushed like a souffle under a sledgehammer!’ if we don’t control costs https://www.cnbc.com/2020/12/01/elon-musk-warns-tesla-employees-stock-could-get-crushed-like-a-souffle-if-company-doesnt-ac.html SOURCE:  Lora Kolodny, CNBC Business 

Bets On the Fast Passing of a Stimulus Bill Pushes Dow Up 600 Points & Record Black Voter Turnout in Georgia

 More finance and political news... Dow soars by 600 points as investors bet on clear election winner and swift passing of stimulus bill https://www.yahoo.com/news/wall-street-rises-investors-bet-143722448.html SOURCE:  Lucy Bayly, NBC News  (via Yahoo News) 'It's too important now': Record turnout, Black voters fuel Democratic hopes in Georgia https://www.nbcnews.com/politics/2020-election/it-s-too-important-now-record-turnout-black-voters-fuel-n1245416 SOURCE:  Adam Edelman, NBC News

Fading Stimulus Talks and Growing Virus Cases Cause Dow to Drop 650 Points & Checkout the 2021 IRS Tax Rates and Deductions

 Per the articles below... I am interested in seeing the tax rate and deductions for 2021. I am sincerely hoping to pay less taxes this year and get a bigger refund.  I'm not surprised the Dow didn't plunge more than 650 points. If a stimulus bill is not passed before the election, it is going to be a dismal holiday shopping season. There are a lot of retailers depending on increased consumer spending this holiday season to get them over this financial slump. IRS Releases 2021 Tax Rates, Standard Deduction Amounts And More https://www.forbes.com/sites/kellyphillipserb/2020/10/26/irs-releases-2021-tax-rates-standard-deduction-amounts-and-more/#43fbf2e97b91 SOURCE:  Kelly Phillips Erb, Forbes Dow plunges 650 points as coronavirus cases flare up, stimulus hopes fade https://www.bostonglobe.com/2020/10/26/business/dow-plunges-650-points-coronavirus-cases-flare-up-stimulus-hopes-fade/ SOURCE:  Taylor Telford and Hamza Shaban, Washington Post (via Boston Globe)

Stocks Fall as Stimulus Plan Stalls & More Stimulus Updates...

 We are on the stimulus 'see-saw' again.  Yesterday, Mnuchin said that it was a 'very good' chance that a stimulus plan would be passed before the election. Now he is saying a new stimulus plan most likely won't happen before November. Mnuchin: Deal on Coronavirus Stimulus Will Be ‘Difficult’ to Reach Before Election https://www.usnews.com/news/national-news/articles/2020-10-14/mnuchin-deal-on-coronavirus-stimulus-will-be-difficult-to-reach-before-election SOURCE:  Claire Hansen, US News World & Report Stocks Fall as Stimulus Hopes Fade, Banks Slump: Markets Wrap https://www.msn.com/en-us/money/markets/stocks-drop-on-mnuchin-s-remarks-as-banks-tumble-markets-wrap/ar-BB19ZBuo?ocid=uxbndlbing SOURCE:  Rita Nazarath and Vildana Hajric, Bloomberg (via MSN Money) The stock market's near-term fate could be decided by the tight Senate race as stimulus remains in limbo, Morgan Stanley says https://markets.businessinsider.com/news/stocks/stock-market-outlook-senate-e...