Day: October 11, 2020

Half of Immediate’s early wage users switch to Visa Direct within two months

In the two months since earned wage access (EWA) provider Immediate launched Visa Direct as a payment option, the near real-time method is already accounting for 50% of its payments.

When Immediate launched in October 2018, it first offered its users the ability to gain access to their earned, but not yet paid, wages through an ACH transfer that could take several days. But one Saturday this February, just before the pandemic hit, an end-user put in a customer support ticket that prompted the fintech to shift to a faster payments rail.

“We had a guy put in a support ticket on a Saturday morning asking ‘where’s my money?’,” said Matt Pierce, founder and CEO of Immediate. “He needed $10 for gas to get to work and couldn’t wait until it was ACH’ed to his account on Monday. We had one of the guys on the support team Venmo him

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Game, Set And Match. The Business Masters Where European Are The World Champions

With his 13th French Open tennis title at Roland Garros this weekend, Spain’s Rafael Nadal has equalled Roger Federer’s record of 20 Grand Slam men’s titles. Croatia’s Novak Djokovic, with 17 Grand Slams to his name will need at least another year if he is to catch up on his rivals.

Nadal won his first French Open tennis title in 2005. In the past 15 years, few things in the world of sport have been as sure. When it comes to men’s tennis, Europeans are the Masters of the Court.

There is a similar pattern of European domination in the Masters of Management (MiM). This pre-experience business degree has seen tremendous growth in the last decade, as college

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Why Warren Buffett’s Protege Just Bought This Dirt-Cheap Brick-and-Mortar Retailer

Looks as if one of Warren Buffett’s two younger lieutenants at Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) just made a la.rge deep-value investment. Ted Wechsler, who joined Berkshire in 2011, recently disclosed that he had personally bought 1.08 million shares of Dillard’s (NYSE:DDS), the beleaguered department store, good for 5.89% of its outstanding shares. We don’t know exactly when Wechsler had been buying, though we do know that he crossed the 5% mark on Sept 29, necessitating a filing. Of note, Wechsler made this purchase personally, and not as part of Berkshire’s equity portfolio.

Dillard’s had seen relatively lackluster business even before COVID-19 hit, which caused an even bigger drop in sales. Moreover, the company was removed from the S&P MidCap 400 Index in June, as its market cap plunged below $1 billion after the stock has fallen a whopping 43% this year.

So what has Wechsler believing Dillard’s is a

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Overstayers to be fined from today



Expired UAE visa: Overstayers to be fined from today


© Provided by Khaleej Times
Expired UAE visa: Overstayers to be fined from today

Dubai residents, whose visas expired between March 1 and July 12, will be fined from today after the deadline to renew the visa or exit the country ended on October 10. After the deadline, overstay fines will apply, according to Amer Centre employees and visa consultants in the emirate.

Following the UAE Cabinet’s decision to cancel all resolutions about the automatic extension of visas, the Federal Authority for Identity and Citizenship (ICA) started receiving visa renewal applications on July 12.

Amer Centre employees and visa consultants had told Khaleej Times that the grace period for residents whose visas expired between March 1 and July 12 would end on October 10.

“If a visa has expired mid-April and has not been renewed with the same sponsor, the holder has until October 10 to renew it,” said an

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Fancy cars, fine dining, creator mansions, cash: Triller is shelling out for talent

When talk of a possible TikTok ban began in July, the leaders of a small social video app called Triller saw a growth opportunity.

To attract users, the company set its sights on TikTok’s biggest names. Some of the Sway Boys, a group of TikTok influencers, had been toying with the idea of building their own app to compete with TikTok, but after a discussion with Ryan Kavanaugh, the majority owner of Triller and a veteran entertainment executive, they decided the platform could be good for them.

Triller offered the creators a deal: Tell your audience on TikTok that you’re moving to Triller, and we’ll give you equity and roles within the company. You can still post on TikTok, they were told, but only if you post on Triller more frequently. In turn, of the Sway Boys, Josh Richards, 18, was named Triller’s chief strategy officer, and Griffin Johnson, 21,

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How the region is responding to S’pore’s idea of air travel bubbles, SE Asia News & Top Stories

Singapore is looking to form air travel bubbles with countries and territories that have managed the Covid-19 pandemic well. While most of them have some form of arrangement for business and official travel, especially within their own borders, many are reluctant to open up for mass travel as nations battle a resurgence of the coronavirus. Straits Times correspondents Elizabeth Law, Katherine Wei, Jonathan Pearlman, Chang May Choon, Claire Huang, Tan Hui Yee, Walter Sim and Eileen Ng report on how the region has responded to Singapore’s proposal to form air travel bubbles.

CHINA

China is the first country with which Singapore established a reciprocal green lane arrangement – to facilitate essential business and official travel between both countries – in late May. While the world’s second-largest economy has gradually relaxed rules to allow certain business travellers and foreigners with residential permits back into the country, it has stopped short of

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White House calls for Congress to release unused small business loans

Oct. 11 (UPI) — Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows on Sunday sent a letter to Congress calling for the release of unused Paycheck Protection Program funds amid ongoing talks on an additional round of COVID-19 stimulus.

Mnuchin and Meadows urged lawmakers to release the $134 billion in loans provided to small businesses to maintain operations and retain employees included in the $2 trillion CARES Act passed in March, while also criticizing Congress — particularly House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer — for their “all-or-nothing” approach to negotiating additional stimulus.

“The House has passed two separate partisan bills instead of compromising with us on bipartisan legislation like we have done in the past,” they wrote. “We will continue to try to work with Speaker Pelosi and Senator Schumer. It is not just about the top-line number but also about legislation

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Bronx clerk moonlights as consultant for firm under investigation

The Bronx County clerk who was suspended amid a state criminal probe of a homeless services provider has been moonlighting as a paid consultant to the firm for years, The Post has learned.

Luis Diaz, who makes $210,900 as the county clerk, worked as a paid consultant for Aguila Inc. for at least six years, his annual financial statements filed with the state Office of Court Administration reveal.

Diaz, a former state assemblyman, was paid between $20,000 and $60,000 a year by Aguila from 2013 to 2019, records show.

Given his hefty pay, Diaz’s moonlighting is raising eyebrows in The Bronx.

“It seems to me he’s making plenty as a county clerk. I didn’t know that a county clerk could have outside income,” said one Bronx Democratic Party insider who requested anonymity.

“He’s making the same salary as a state Supreme Court justice!”

Diaz’s wife, Anna Diaz, also is employed

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Kuwait’s Education Ministry halts visa transfer to private sector

Dubai: The Kuwaiti Ministry of Education has announced its employees will not be allowed to transfer their residence visas to the private sector, local media reported.

Although the ministry’s employees are barred from transferring over to the private sector, four groups of people are exempt from the transfer ban. They include husbands and children of Kuwaiti women and wives of Kuwaiti men, as well as those who were born in Kuwait.

Also exempt are Palestinians with travel documents and technical professionals working in the health sector who are licenced by the Ministry of Health to practice medical activities.

The ministry’s move follows a decision issued earlier by the Public Authority for Manpower on the ban of transferring government workers to the private sector.

The decision to ban transferring government employees to the private sector comes within the government’s plan to dismiss 50 per cent of expats working in the public

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Wall Street finishes up as stimulus talks continue

(Reuters) – U.S. stocks rose on Friday and the S&P 500 and Nasdaq registered their biggest weekly percentage gains since July as optimism over more federal fiscal aid grew.

FILE PHOTO: Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 28, 2020. REUTERS/Lucas Jackson

Talks were expected to continue on a COVID-19 stimulus package, even though U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed on Friday to reach agreement.

Mnuchin floated a new proposal Friday afternoon, but an aide for Pelosi said it lacked a broad plan to contain the pandemic.

Recent trading on Wall Street has been dictated by headlines on fiscal aid, with the three main indexes tumbling on Tuesday after U.S. President Donald Trump called off negotiations. He has since

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