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WTI went negative on issues with demand, not high supply, CIO says

Fadi Arbid, CIO at Amwal Capital Partners, said he believes oil output cuts will go a long way in addressing oil volatility but the major issue plaguing prices is the coronavirus hit on demand.




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Oil, Covid-19 shock will not be a capital event for GCC banks: S&P Global Ratings

Given the "strong profitability" of banks in the Gulf Cooperation Council countries, the oil price shock and the coronavirus pandemic are unlikely to deplete their capital base, says Mohamed Damak of S&P Global Ratings.




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Op-ed: Recovering from this unprecedented oil crash could take years and may not benefit Saudi or Russian producers

Saudi Arabia and Russia aim to inflict pain on American producers, forcing them to shutter wells and give up the market share.




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Op-ed: The market is not out of touch with reality, it's just showing how the economy has changed

The stock market still reflects what is going on in the economy, even as it has rebounded from its lows amid dismal economic data.




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Tesla is not cleared to reopen US factory, local officials say

Interim Health Officer for Alameda County Public Health Department, Erica Pan, said on an online town hall meeting that even though California had relaxed Covid-19 restrictions at the state level, that legally, "If there are local orders, whichever is stricter prevails."




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US commitment to Gulf allies' security 'not at all changed' despite Patriot systems drawdown, Iran envoy says

Washington's commitment to the security of its Gulf allies is unchanged despite what appears to be a shift in force posture in the region, U.S. Special Representative for Iran Brian Hook told CNBC.




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Gutierrez: There is nothing like preparing workers for what is coming

Albright Stonebridge Group Chair Carlos Gutierrez and CNBC's Rick Santelli discuss technology in the covid-19 era, global supply chains and economic decoupling.




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Sweden, UK and three other European nations are not seeing a drop in coronavirus cases, EU agency says

The European Union's agency for disease control has said that the U.K. is among five countries in the region that are still not seeing a decline in new coronavirus cases.




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Customs union has not helped UK firms, economist says

Gerard Lyons tells CNBC there is too much fear about leaving the EU without a deal.




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You can't deal with international trade if not multilaterally, OECD chief says

Angel Gurria, secretary general of the OECD, discusses U.S.-China trade, multilateralism and digital taxes.




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'Not the economy, stupid': A majority of Americans say 2020 election will be about other issues

A majority of Americans think a recession is likely in the next year, but amid historically low unemployment and a record stock market, most voters say the 2020 election will not be about the economy, according to a new CNBC Invest In You survey on money and politics released Monday.




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It's not all about impeachment. These bills could impact your finances

Washington can feel pretty gridlocked these days. Still, there's a number of bills underway with bipartisan support that could impact your wallet.




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Democrats cannot count on swing votes against Trump: Professor

Brendon O'Connor from the U.S. Studies Centre tells "Street Signs" that Democratic presidential hopefuls like Joe Biden and Bernie Sanders are unlikely to sway Trump's supporters, and the idea of swing votes is overrated.




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Google tells employees they cannot expense food, other perks from home

CNBC's Deirdre Bosa reports that Google has put the brakes on perks for employees working from home.




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Richmond Fed President: Negative rates not worth a try here

Richmond Fed President Tom Barkin joins 'Closing Bell' to discuss how soon the U.S. could reopen the economy and the recent unemployment data.




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Op-Ed: It's not time to panic, it's time to plan your finances during coronavirus pandemic

Proactive planning can aid you in achieving short- and long-term financial needs and goals, especially in times of hardship like the current coronavirus pandemic.




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Your financial advisor may not actually be an 'advisor'

An SEC rule is requiring many brokers, often referred to as financial or wealth advisors, to stop marketing themselves as "advisors" next month.




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He's an American but his wife is not. He's not getting a stimulus check

With many Americans still counting the days until they get their $1,200 checks, some are in for a surprise. If you're American, but your spouse is not, you may not be qualified. Now, some groups are suing the government over the issue.




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Microsoft Surface Pro X review: not yet ready for prime time

Long battery life, 4G and beautiful design can’t stop it being held back by a lack of apps for its ARM chip

The Surface Pro X is a glimpse of an ARM-powered Windows future, combining the best bits of phones and computers, but while that future is closer than ever, it isn’t quite ready yet.

The new £999 Surface Pro X might look like the rest of Microsoft’s Surface tablets on the outside, but it is fundamentally a different beast on the inside.

Screen: 13in LCD 2880x1920 (267 PPI)

Processor: Microsoft SQ1 (ARM)

RAM: 8 or 16GB

Storage: 128, 256 and 512GB

Graphics: Adreno 685

Operating system: Windows 10 Home

Camera: 10MP rear, 5MP front-facing, Windows Hello

Connectivity: Wifi ac, Bluetooth 5, 2x USB-C, Surface Connect, LTE, nano sim, esim

Dimensions: 287 x 208 x 7.3mm

Weight: 774g

The screen is far too dim on resuming from sleep until you hit the brightness button, at which point it returns to normal

The machine ran cool throughout, barely getting warmer than room temperature even when pushed hard

There’s no real mis-touch rejection at the edges of the screen, which means you have to be careful where you put your fingers when holding the tablet

Pros: slim, great 13in screen, 4G, kickstand, nine-hour battery, 2x USB-C, quick charging, Windows Hello, brilliant keyboard (essential additional purchase), smart stylus holder, Windows 10

Cons: not much ARM-native software, no good photo editors, no SD card reader, no headphone socket, no Thunderbolt 3, keyboard not included

Microsoft Surface Laptop 3 review: still sleek, just no longer unique

Microsoft Surface Pro 6 review: a fantastic tablet PC you shouldn’t buy

Microsoft Surface Go review: tablet that’s better for work than play

Microsoft Surface Studio 2 review: in a class of its own

16in MacBook Pro review: bigger battery, new keyboard, new Apple

Apple MacBook Air review: the new default Mac

Continue reading...




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Elon Musk: I am not Buffett's biggest fan

Elon Musk spoke with Joe Rogan and here some of the highlights from the two-hour podcast.




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The Fed's fight against Covid-19 and another financial crisis

As the novel coronavirus began to take hold on the United States, the Federal Reserve made a number of quick policy actions. The Fed slashed rates to nearly zero, announced a slew of asset purchases, and more, in an effort to stave of economic devastation as businesses shuttered and millions of Americans lost their jobs. Here's what the Federal Reserve has done to preserve a financial system rocked by a global pandemic.




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Premier League critics should recognise football cannot wait for ever | Jonathan Wilson

The objections to restart plans are understandable and the game should pay attention, but ultimately clubs need to play games to survive

With each week the plans become a little more refined and with each week any final decision is pushed back. Football may return, and this is how it may look if it does, but nobody is sure, and any proposed date can only be provisional. Which is as it should be. In an age that often favours decisiveness over the decision itself, there is something vaguely comforting about a process that accepts the wisdom of waiting.

But in the background there is a crucial, nagging voice, and what it is saying is this: if football isn’t prepared to return, at least initially, in a form very different to the one it took before the virus, it may not return for a very long time – and for many clubs that means never.

Continue reading...




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Ole Gunnar Solskjær says Manchester United will not force players to return

  • Some of them may not be mentally ready because of Covid-19
  • ‘You wouldn’t hold anything against them,’ manager says

Ole Gunnar Solskjær says he would not force any Manchester United footballer to play if they did not feel “mentally ready” due to concerns about coronavirus.

The Premier League hopes to get the go-ahead for a mid-June return and Solskjær has all his squad back in the country for a potential resumption of training. Yet the manager is conscious some may have reservations about doing so.

Continue reading...




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US unemployment rises another 3m, bringing total to 33m since pandemic began

Pace of layoffs tests states’ unemployment benefits fund as 33m jobless Americans make claims in past seven weeks

Another three million Americans filed for unemployment benefits last week as the coronavirus pandemic continued to exact its terrible toll on the US jobs market.

More than 33 million jobless Americans have now made claims in the past seven weeks.

Continue reading...




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Profit not changeable to tax

Is there any business or professiona the profit of which is not chargeable to tax?




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Official Notifications by CBIC dated 05/05/2020

Official Notifications by CBIC dated 05/05/2020




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Bank Audit Revision notes - CA Inter students

Bank audit revision notes by CA Ekta Shah prepared from ICAI Module covering all questions




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Bank Audit full notes- From ICAI module- CA Inter

Handwritten full notes - Bank Audit - CA Inter by CA Ekta Shah




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Today's Thank You Note

Today, inspired by a loved-one who did it first, I'm sending a thank you note to Josh Shapiro, the Attorney General of Pennsylvania, to thank him and his team for the 1000+ page report listing 300 predator priests in Pennsylvania and detailing decades of illegal coverups and lies. This report changed my life; it was a step toward justice, validating the reality of so many people, not just in Pennsylvania. I'm sharing this thank you idea with you all, because it didn't even occur to me to write a thank you note until someone else showed me hers. Maybe you're like me. If so, you too could send a grateful red monster to the Attorney General of PA.


Here's the mailing address:

Pennsylvania Office of Attorney General
Strawberry Square
Harrisburg, PA 17120

 (Oh and I got my cute thank you cards from this Etsy shop.)

Those promised adventure pics are coming very soon. Until then, be well, everyone.




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You’re Not an Imposter if You Have a Dayjob and Write

Over the years I’ve seen some writers who took the full time plunge express strong imposter syndrome and a sense of shame when going back to a day job. Sometimes it kills their desire to write because they feel like a failure. I don’t think biographies of writers emphasize how many famous writers had day… Continue reading You’re Not an Imposter if You Have a Dayjob and Write




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WHO Adviser on Meat Plants: If We're at War, the Weapons We Need Are Tests and PPE, Not Pork

As President Trump invokes the Defense Production Act to bar local governments from closing meatpacking plants around the United States, we get response from a longtime adviser to the World Health Organization. "When Congress passed that act, it certainly did not have in mind that the president has the power or the right to put workers' lives and health at risk," says Lawrence Gostin, professor of global health law at Georgetown University and director of the World Health Organization Center on National and Global Health Law. Gostin also discusses why he joined 40 leading center directors in a declaration this week that urges Trump and Congress to restore and increase WHO funding.




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As States Loosen Pandemic Restrictions, Dr. Leana Wen Warns "We Are Not Ready for a Safe Reopening"

As more than 40 states begin to reopen, President Trump is downplaying the need for mass COVID-19 testing, even as he himself is now being tested every day for the virus. We speak with emergency physician Dr. Leana Wen, who says, "Widespread testing is so critical. … Why shouldn't this testing be available to all Americans?"




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GST Update on landmark decision that interest cannot be recovered without adjudication proceedings

The delay in retrospective amendment regarding computation of interest liability under GST regime has led to flood of writ petitions in High Courts seeking relief from recovery proceedings initiated by the government. The revenue authorities have consistently held that interest liability gets automa




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GST Update on whether Rajasthan AAR competent to decide on registration requirement in another State?

The present update intends to discuss the Advance Ruling given in the case of M/s T & D Electricals. The question placed before the Advance Ruling was the requirement of separate registration for executing works contract in another State and leviability of tax-whether CGST/SGST or IGST if separate r




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GST Update on requirement of separate registration for execution of contract in another state

The present update intends to discuss the recent advance ruling given by AAR Karnataka in the case of M/s T & D Electricals.




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What COVID-19 Antibody Tests Can and Cannot Tell Us

Assays that detect prior novel coronavirus infections could reveal the extent of outbreaks. But they may give individuals false security

-- Read more on ScientificAmerican.com




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'Breakthrough' COVID-19 Tests Are Currently Cheap, Fast--and Not Very Accurate

Antigen-based assays could be used in the home, but critics say their error rates are still an issue

-- Read more on ScientificAmerican.com




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Further COVID-19 U.S-bound import declines are expected, notes Port Tracker report

Heavy declines for imports at United States-based retail container ports, due to the ongoing COVID-19 pandemic, are expected to continue in the coming months, according to the new edition of the Port Tracker report, which was issued today by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.




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Despite recent setbacks, China is not down for the count

Two recent industry surveys indicate that China and other key Pacific Rim markets remain resilient as the recent pandemic recedes.




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i'm not a nerd




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not a big deal




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Human probably won't even notice




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Republic of Congo's President Sassou-Nguesso: 'We've noticed a rise in the Covid-19 epidemic'

In an exclusive interview with FRANCE 24 and RFI, the president of the Republic of Congo, Denis Sassou-Nguesso, discussed the Covid-19 pandemic in his country, as well as a controversial treatment developed in Madagascar that the Republic of Congo plans to use. He also talked about the economic consequences of the health crisis and asked for up to "$500 million" in aid from the IMF. Finally, he ruled out the release of two jailed political opponents, Jean-Marie Michel Mokoko and André Okombi Salissa, on health and humanitarian grounds.




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Another Day At The Bounce House Business Complex

Brain Surgeon For Fleas? Sorry, you've got the wrong bounce house. You need to go that way, just past the Warhammer Miniatures Painting Workshop bounce house.




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The Tiger King and I: The Final Part - The Amish Are Not Cool and I'm Coming Home

Part 9, the final installment, of an exclusive look into the madness that was being an employee of 'Tiger King," a controversial zoo that is the subject of a wildly popular new Netflix documentary series.




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The Five Flavors of Grief - They’re not Just Delicious with Death, Anymore!

My recent trip to the hospital led me to become convinced that reversing the five stages of death has magically beneficial properties.




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Top-Notch Lord of the Rings Knock Knock Jokes

Knock knock! Who's there? Lembas. Lembas who? Lembas in already, we're cold out here!




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Kim Jong Un is not believed to have had surgery, says S. Korea

South Korea's assessment is that North Korean leader Kim Jong Un did not have surgery, local news outlet Yonhap said, citing an unidentified senior official at presidential Blue House. 




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1196: Not Yet Seasoned

http://www.giantitp.com/comics/oots1196.html




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Error'd: Call Me Maybe (Not)

Jura K. wrote, "Cigna is trying to answer demand for telehealth support, but apparently they are a little short on supply."   "While Noodles World Kitchen's mobile app is really...