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Libra Woes Bad news for Facebook's Libra cryptocurrency project: some founding backers (who remain as yet unidentified) told the Financial Times that they're already considering pulling out, thanks to regulatory scrutiny that has somehow come as a surprise to them. Meanwhile, Facebook is...

HP CEO HP CEO Dion Weisler is quitting for family health reasons, the PC manufacturer said yesterday. His successor will be HP imaging and printing chief Enrique Lores, who's been with the company for three decades. Wall Street didn't like the news—HP's shares fell 6% in after-hours trading...

WSJ testing shows typical U.S. households don’t use most of their bandwidth while streaming and get marginal gains from upgrading speeds By Shalini Ramachandran, Thomas Gryta, Kara Dapena and Patrick Thomas Published Aug. 20, 2019 at 10:30 a.m. ET Americans are spending ever more for blazing...

"Cultivate a sense of daring. Take calculated risks. It’s the only way to make the unlikely happen." - Abigail Doolittle (@TheChartress)

“With the new day comes new strength and new thoughts.” - Eleanor Roosevelt

There are significant tax advantages for independent contractors (IC) vs. employees. • ICs deduct business expenses, whereas, the new tax law (TCJA) suspended “unreim- bursed employee business expenses” as miscellaneous itemized deductions. • ICs are eligible for TCJA’s 20% qualified business...

Disney Accounting A former Disney senior financial analyst has accused the company of inflating revenue for years, with the aid of flawed software. Disney denies Sandra Kuba's claims and says she was fired for caused in 2017—she says she was fired after she contacted the SEC. Fortune

https://nypost.com/2019/08/21/beverly-hills-property-once-asking-1-billion-sells-for-just-100000/?utm_source=url_sitebuttons&utm_medium=site%20buttons&utm_campaign=site%20buttons

"Choose your thoughts with care. We become what we think about the most." - Abigail Doolittle (@TheChartress)

“Ever tried. Ever failed. No matter. Try again. Fail again. Fail better.” - Samuel Beckett

For Short Bets, Higher Conviction = Higher Returns Hedge fund managers’ biggest short bets outperform the others, research finds. Amy Whyte August 20, 2019 Brent Lewin/Bloomberg When a hedge fund manager is highly confident in a short position, that bet is more likely to pay off...

”Use your special gifts to contribute to someone else’s need. That is true success.” - Abigail Doolittle (@TheChartress)

”Passion is magic. Do what you love and live what unfolds.” - Abigail Doolittle (@TheChartress)

To securely store cryptocurrency, Coinbase buys a vault under a mountain in Switzerland The budding blockchain behemoth Coinbase bought a company called Xapo’s “custody business,” which stores Bitcoin securely in a vault under a mountain in Switzerland, for $55m. After the deal closes, Coinbase...

As Toptal employees and investors demand equity, founder points to the fine print Toptal, a platform that matches businesses with software engineers, is at the top of its game: The company has grown at a rate of 30% for several years and did $200m in revenue last year. In some ways, Toptal’s...

China Power If there were to be an outright U.S.-China war, Chinese missiles would be able to cripple U.S. forces across the Western Pacific region within hours, Australia-based researchers have warned. Chinese military analysts disagree, saying the U.S. remains the region's superior power...

“Do the right thing. It will gratify some people and astonish the rest.” - Mark Twain

“We are the hero of our own story.” - Mary McCarthy

"Choose to appreciate the little things in life and see how big your life becomes." - Abigail Doolittle (@TheChartress)

“I’d like to grow very old as slowly as possible.” - Irene Mayer Selznick