Thu, Feb 4, 2021 11:50 AM
Facebook executive Deborah Liu gets appointed as Ancestry.com CEO
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SoFi Technologies' stock has plummeted 20% year-to-date, despite its underlying business growing rapidly and finally turning a profit. The fintech company has attracted 8 million members, with deposits growing quickly, and has refinanced debt obligations. Net income is expected to reach $165-175 million in 2024, a significant improvement from previous years.
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The Central Board of Direct Taxes is shifting focus from enforcement to taxpayer-centric approach, said CBDT Chairman Ravi Agrawal. The Vivad se Vishwas scheme aims to resolve litigations, and the new capital gains tax regime is expected to benefit in most cases. Meanwhile, CBIC Chairman Sanjay Kumar Agrawal suggested reducing the duty rate for mobile phones from 20% to 15%.
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Warren Buffett's Berkshire Hathaway, with a $940 billion market cap, offers a diversified portfolio with operations in various industries and a stock portfolio including Coca-Cola, Chevron, and American Express. Buffett expects market-like returns for now, but with a huge cash hoard of $28 bn and $153 bn in short-term marketable securities, the company is poised for long-term outperformance.
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