Category: Finance

Posted in Finance

Salesforce CEO urges public schools to build ‘resiliency,’ distance learning as coronavirus rages

Marc Benioff sees an opportunity to build resiliency in the public education system, as the raging coronavirus pandemic calls into question whether schools can reopen in the fall.

The COVID-19 pandemic resulted in mass school closures, with teachers and students relying heavily on remote learning.

Benioff, the billionaire tech chief and founder of enterprise software giant Salesforce (CRM) is a big supporter of public schools. He told Yahoo Finance in an interview that officials need to be prepared for the fall — especially if a dreaded second COVID wave swamps the U.S., which is faltering in its efforts to contain the first.

“I think we’ve got more issues coming. And we better be ready and build that resiliency now into our public education system,” Benioff said. 

The 55-year-old CEO who has an estimated net worth of $7.6 billion is a significant benefactor of public schoolhouses. Since Benioff made an impromptu

Read More
Posted in Finance

So long to the city! How lockdown created a wave of ‘panic movers’

Chantel Elshout, 39, and her husband, Michael Craig, 45, are moving from Clapham to the Cotswolds - Paul Grover for the Telegraph/ Paul Grover
Chantel Elshout, 39, and her husband, Michael Craig, 45, are moving from Clapham to the Cotswolds – Paul Grover for the Telegraph/ Paul Grover

Cast your mind back to February, just four months, yet another lifetime ago, and Emily Harvey was a committed urbanite. Her PR job meant she enjoyed long lunches in the latest London restaurants, while weekends were spent at hot yoga classes, pop-up farmers’ markets and museums with her five-year-old daughter, Alice. 

Lockdown obviously put paid to all that, but just as it eases, she and her family are fleeing the capital for good.

“We took a rental in the Cotswolds during lockdown and when we returned after 12 weeks, London was like a scene from [the horror film] 28 Days Later, with everyone in masks,” she says. “After a blissful time spent in the countryside we realised we didn’t want to be in a cramped,

Read More
Posted in Finance

Accenture is laying people off as Wall Street braces for big cuts next year

 

Welcome to Wall Street Insider, where we take you behind the scenes of the finance team’s biggest scoops and deep dives from the past week. 

If you aren’t yet a subscriber to Wall Street Insider, you can sign up here.

Accenture is cutting US staff, and top execs just warned of more pain to come as the consulting giant promotes fewer people and looks to control costs, Meghan Morris and Dakin Campbell first reported. Their story got a lot of attention this week, and for good reason. It could be an indicator for how the firm’s own clients are weathering a downturn, and consulting likely won’t be the only industry to feel the crunch.

We also took a look at who’s most at risk once Wall Street kicks off the tidal wave of layoffs many banks had put on pause — and why boutique firms without a strong restructuring practice

Read More
Posted in Finance

Puppy scams thrive amid coronavirus pandemic as Americans seek company: Illegal Tender podcast

This is part 1 of Yahoo Finance’s Illegal Tender podcast Season 6 ‘The Puppy Crimes of Quarantine’. Listen to the series here. 

In the early days and weeks of the COVID-19 pandemic, Americans acted on equal parts fear and necessity converting their homes into offices, gyms, and schools.

Those who were healthy found themselves restless and in search of a distraction. People painted rooms different colors and baked banana bread, and some saw an opportune time to get a puppy. 

Would-be dog parents took to the internet in droves searching for new dogs to adopt. Pandemic puppies were such hot commodities that reports of possible shortages of adoptable dogs first made headlines in late March.

Online dog scammers, which typically work during the winter holidays, came out in full force to exploit the pandemic. With stolen images or stock photos, they create online profiles of dogs, communicate with potential adopters, … Read More

Posted in Finance

Underage teens use Klarna to fund ‘free money’ shopping sprees online

Teen shopping online cartoon
Teen shopping online cartoon

Teenagers have exploited a credit loophole to go on “free” shopping sprees, it has emerged. Klarna, Britain’s biggest “buy now, pay later” lender, has been forced to over­haul its security system after a 16-year-old girl was able to open an ­account on the website and rack up debts of more than £500 through buying clothes ­online.

As disclosed this week by The Tele­graph’s consumer champion, Katie Morley, the minor was able to set up a Klarna profile by opening an account using her own name but her mother’s date of birth. This fooled the credit check system into thinking the girl and her mother were the same person, even though no one of that name, age and address existed on the electoral roll. It has exposed an alarming security flaw at the increasingly popular ­service, which is strictly for adults.

Klarna, which has seven million British

Read More