Category: Finance

Posted in Finance

SUNMI Launches new version of V2 PRO, with label printing and a high-definition QR code scanner

SHANGHAI, July 29, 2020 /PRNewswire/ — SUNMI, a Shanghai-based IoT company that produces intelligent hardware for various commercial applications, has released the updated version of its best-selling handheld point-of-sale gadget V2 PRO, in a new move to empower businesses grappling with a surge in customer orders and foot traffic amid the Covid-19 pandemic.

The Label Version of SUNMI V2 PRO Handheld Pos

V2 PRO Label Version comes with two new key features, including label printing and a high-definition QR code scanner. It enables merchants to process transactions in an easier manner, delivering a better user experience to vendors including but not restricted to food delivery and retail firms.

Since its inception in September 2018, SUNMI V2 PRO has been sold to 111 countries across the world, and the whole SUNMI V Series has topped a million units in shipment, counting retail giants such as Starbucks, FamilyMart,

Read More
Posted in Finance

Trump campaign accused of using ‘pass-through’ vendors to obscure $170 million in payments

An ethics watchdog group has accused President Donald Trump’s reelection campaign of obscuring nearly $170 million worth of campaign spending through so-called “pass-through” vendors linked to campaign leadership instead of disclosing the true recipients of the funds.

In an FEC complaint filed on Tuesday, the Washington-based nonpartisan group Campaign Legal Center said American Made Media Consultants and Parscale Strategy, two companies set up and by run by campaign leadership, including former campaign manager Brad Parscale, have been disguised as providing a variety of services to the campaign, when in reality they have essentially served as “clearing house” firms that dole out contracts and payments to various subcontractors and vendors without revealing the ultimate recipients of the donor money.

Since 2019, the Trump campaign and Trump Make American Great Again committee, a joint fundraising committee with the Republican Party, have reported paying American Made Media Consultants and Parscale Strategy nearly $170

Read More
Posted in Finance

Lysol sales surge as the condom business goes limp under lockdown, consumer goods giant reports

Reckitt Benckiser Group Plc said Covid-19 has prompted consumers and companies to make lasting improvements in their cleaning routines, boosting prospects for future sales of its disinfectants and sanitizers.

Lysol sales surged about 70% in the first half in North America, and professional demand has been so strong that the U.K. consumer-goods maker set up a business to meet demand from new clients including Hilton, Avis and Delta. 

A new era of cleanliness has begun, according to the company. Once a consumer adopts new behaviors such as consistent and thorough hand washing for more than two months, the habits stick.

“Covid-19 is likely to be with us for the foreseeable future and, as a society, we are embedding new hygiene practices to protect our way of life,” Chief Executive Officer Laxman Narasimhan said.

Reckitt said Tuesday it expects the boom in its cleaning brands, which also include Sagrotan handgel, will

Read More
Posted in Finance

Canada Goose Makes Inroads in Footwear With New GM Hire + More

Click here to read the full article.

July 28, 2020: Canada Goose acquired Baffin in November 2018 to make inroads in footwear, and today the Toronto-based company made more strides in the category. Adam Meek has been tapped as its GM of footwear and accessories, a new role at Canada Goose. In the role, Meek is tasked with leading the ongoing development and execution of its global footwear strategy and oversee its accessories collection. In the 20 years of Meek’s career prior to this new role, he has held leadership positions with top players in the market including Sperry, Nike and Lacoste. His most recent position was SVP of product at Sperry. Meek will report to Canada Goose EVP of product Woody Blackford.

July 27, 2020: Timberland has named Drieke Leenknegt as its VP of global marketing. In the role, Timberland said Leenknegt — who joined the company in June

Read More
Posted in Finance

Virgin Money upbeat, Bank of England to review dividend policy, and Greggs sales recover

Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad:

Virgin Money upbeat

Virgin Money (VMUK.L) has struck an upbeat tone on third quarter trading.

The challenger bank said customer deposits rose by 4.8% in the third quarter to £67.7bn ($87bn), as Brits stuck as home during lockdown spent less. The rise equates to around £600 extra in every Virgin Money customer’s current account or savings account.

Mortgage lending fell by 1% as the housing market paused by business lending surged by 5.7% to £8.8bn in the three months to 30 June.

“Our Q3 financial results reflect lower demand from consumers due to the pandemic, but strong demand from businesses for government-supported schemes, with the Group further increasing its provisions to reflect the uncertain economic outlook while maintaining a focus on margin, cost and capital management,” said chief executive David

Read More
Posted in Finance

5 tips to help you land an internship during the COVID-19 pandemic

Even though unemployment has reached a record high due to business closures and social distancing measures brought about by the new coronavirus, you can still snag an internship if you know how to adapt and get creative. That advice comes from Jon Schlesinger, director of the career center at Brandeis University and also a lecturer in a course designed to get students to think critically about the industry in which they intern. Here, Schlesinger offers five tips for students who are searching for internships or haven’t yet started internships that they’ve secured.

Create your own virtual internships

While a poll of 283 employers recruiting on college campuses found that 16% have revoked internship offers, the poll also found that nearly 40% of employers have moved to a virtual internship program.

Although employers moving online means there is no office to go to anymore, this can open up opportunities for

Read More
Posted in Finance

LA Mayor Eric Garcetti Promises “Big Step Forward” In LAPD Reform; Cops Pledge To “Embrace Changes” Over “Prior Missteps”

Click here to read the full article.

“Today, we take a big step forward …to ensure equity and justice and fairness for every Angeleno by creating the Community Safety Partnership bureau in the Los Angeles Police Department,” said Los Angeles Mayor Eric Garcetti in a somber update on the metropolis’ battle with the coronavirus, public safety and police reform.

More from Deadline

“This new bureau makes CSP both a program and a philosophy,” Garcetti added in the evolving “co-ownership” plan to place police officers for up to five years in neighborhoods to “develop relationships with the people they serve …moving from a warrior mentality to a guardian mentality.”

“This complete embrace of policing built on relationships and the pursuit of long-term solutions rather than ongoing enforcement plans will serve as the foundation of the reimagined Los Angeles Police Department,” declared the LAPD in a press release that went out as

Read More
Posted in Finance

Goldman Sachs predicts these stocks will benefit from a weakening dollar

The U.S. dollar is slumping, but investors could still make some greenbacks off of a few key stocks.

FX strategists at Goldman Sachs predict the trade-weighted USD will weaken some 5.3% in the coming year, off of a roughly 4% slump from mid-May, strategists at the firm wrote in a note Friday.

To be sure, the dollar has taken a beating recently (the U.S. Dollar Index is down about 4% in the last month)—And there are those that are predicting the coronavirus crisis could topple its supremacy altogether. But despite the selloff, strategists at Goldman believe “the greenback remains overvalued by most metrics and offers poor fundamentals.”

Indeed, Morgan Stanley’s chief investment officer Lisa Shalett wrote in a Monday note that “we finally see the dollar bull dying, too, as the forces that created dollar scarcity—superior relative growth and yields, a shrinking current account deficit and more effective post-crisis policies—fade.”

Read More
Posted in Finance

The best credit cards for new homeowners of 2020

If you just bought a house, these credit cards can make settling in a little easier.
If you just bought a house, these credit cards can make settling in a little easier.

— Our editors review and recommend products to help you buy the stuff you need. If you sign up for a credit card after clicking one of our links, we may earn a small share of the revenue. However, our picks and opinions are independent from USA TODAY’s newsroom and any business incentives.

A new house, condo, or apartment is cause for celebration. It might also cause some financial stress, depending on how much is left in your bank account after the settlement. And the bills don’t end there. If you’re a new homeowner, you might be looking for ways to help you save money on home-related expenses after you move in. Furniture, renovations, and emergency repairs can quickly add up. 

While experts advise that people shouldn’t apply for new lines of credit before

Read More
Posted in Finance

Even Trading Floor Diehards Are Now Embracing Work From Home

(Bloomberg) — For a sense of how dramatically perceptions of remote work are changing in the coronavirus era, consider Koji Motokawa.

Like many traders in office-obsessed Japan, the deputy head of fixed income at Mizuho Securities Co. had never even considered working from home until the pandemic hit. Now, for the first time since he stepped onto the trading floor 25 years ago, Motokawa spends at least one day a week outside the office and plans to keep it up.

“My initial thinking was that it was going to be pretty difficult given the way markets operate,” he said. “The reality is it’s actually doable.”

As Covid-19 forces financial professionals around the world to re-examine the way they operate, anecdotal evidence from Japan — ranked last among developed markets by the OECD for work-life balance — suggests the move toward more remote work could be widespread and enduring. Tokyo-based brokerage

Read More