Author: Editor

The Financial Accounting Standards Board posted an accounting standards update to address its stakeholders’ concerns about the application of derivative accounting and its scope.The concerns involve contracts with features based on the operations or activities of one of the parties to the contract and the difference in accounting for share-based noncash consideration from a customer that is consideration for the transfer of goods or services.Issue 1: Derivatives scope refinementsOne of the issues involves derivatives scope refinements. During FASB’s 2021 agenda consultation and other outreach, its stakeholders indicated they faced challenges in applying guidance in FASB Accounting Standards Codification Topic 815,…

Land, energy, capital, and experience.Access to those four things are what gives Prologis, one of America’s largest warehouse owners, an edge in the data center space, said Susan Uthayakumar, the company’s chief energy and sustainability officer, on Tuesday at Business Insider’s “The Resiliency Playbook” event.”When you have the capital, when you have the land, when you know how to build things, it makes sense for us to be doing what we’re doing,” Uthayakumar said of the company’s growing data center business.Prologis, which has a portfolio of 1.3 billion square feet across more than 5,500 buildings globally, made its name with…

With its new coffee shop, Coach wants to drive more frequent trips to its stores and solidify its gains with Gen Z shoppers. One of its menu items is a Tabby Cake, a cake pop-inspired dessert that’s in the shape of Coach’s Tabby purse.Courtesy: CoachAt Coach’s new shops, the latest purse is made of cake batter and colorful shades of white chocolate.The legacy leather handbag maker’s recent venture is a coffee shop that offers Tabby purse-shaped sweets, tiramisu- and pumpkin-flavored coffees, matcha drinks and more. Each shop is attached to a store that sells Coach’s lineup of handbags, sneakers and…

Retailers are in a race to offer faster and faster delivery speeds.The world has come a long way since Jeff Bezos set the then-lofty goal of two-day delivery for Amazon Prime customers about two decades ago.Now delivery appears to be converging on the Holy Grail speed of 30 minutes or less, especially in overseas markets like India and China.In the US, Walmart, Amazon, and Target are competing to see who can get orders fulfilled the quickest. Walmart US CEO John Furner touted the company’s achievement of a five-minute fulfillment earlier this year.But these single-digit milestones are probably not going to…

President Donald Trump said he would levy new tariffs to boost the domestic film and furniture industries through a pair of sweeping, yet confusing, plans.Trump posted on social media Monday that he would be “imposing substantial Tariffs on any Country that does not make its furniture in the United States.” It’s unclear how that would work; companies, not countries, manufacture furniture and the duties are charged on specific imports, not governments.”Details to follow!!” the president wrote. Trump said he would act “in order to make North Carolina, which has completely lost its furniture business to China, and other Countries, GREAT…

Advocates hold signs during a news conference on Medicare Advantage plans in front of the U.S. Capitol on July 25, 2023 in Washington, DC. Alex Wong | Getty Images News | Getty ImagesMedicare Advantage enrollment is poised to fall for the first time in nearly two decades, according to the Centers for Medicare & Medicaid Services.The agency estimates that enrollment in the program will be 34 million in 2025 – marking less than half of all seniors — down from nearly 35 million this year, according to projections from health insurers.Despite the projected pullback, the agency announced late Friday that…

EVgo Inc., one of America’s biggest charging companies, is open to buying its rivals as the end of a key federal subsidy adds further strain to the struggling industry, according to Chief Executive Officer Badar Khan.”If there’s an opportunity for us to deploy capital that provides compelling returns for shareholders through M&A, then of course we’re going to look at it,” Khan said in an interview at Bloomberg’s headquarters in New York. EVgo is “very focused” on growing organically and not interested in poor quality assets, such as 50 kilowatts chargers that are slower. Those chargers are being removed from…

The world’s richest entrepreneurs are increasingly sending their money to tried-and-tested wealth hubs — with Singapore, the UK, and Switzerland leading the pack.That’s the key finding from HSBC’s 2025 Global Entrepreneurial Wealth Report, which surveyed 2,939 business owners across 15 markets — including the US, UK, mainland China, India, Singapore, Switzerland, Saudi Arabia, and the UAE — between April 19 and May 21.Globally, 59% of entrepreneurs said they were considering shifting assets abroad in the next 12 months, with Singapore singled out as the top destination for capital.The city-state has become Asia’s financial safe haven, attracting inflows not only from…

While some Hollywood chiefs wade into high-profile and risky uses of AI, Banijay Entertainment, the unscripted giant behind hits like “Big Brother” and “MasterChef,” is betting on a more down-to-earth use.It’s jumping on the AI bandwagon as it makes a big push to follow audiences and advertisers to YouTube.The French production company has been stepping up its digital efforts to wring more value out of its library and boost its presence on platforms like YouTube, where it already posts full show episodes. To do that, it’s using AI to index its 200,000 hours of content based on things like speech,…

Financial educator Sammie Ellard-King said he first studied personal finance in his 20s.His financial education platform, Up the Gains, began as a blog in 2021, five years after he started investing, having fallen into serious debt as a university student. It’s now his full-time job, with a podcast and soon-to-launch app.He shared three pieces of advice for beginner investors with Business Insider.1. Start simple — you don’t need to be a trader”You can make it extremely complicated if you’re a trader, but you don’t have to be,” Ellard-King said. Rather than spending hours glued to screens and options, he recommended…