Why GoDaddy Shares Rose 19% in August

What happened

Shares of GoDaddy (NYSE:GDDY) gained 19.1% in August 2020, according to data from S&P Global Market Intelligence. The gains started with a strong earnings report and continued when Facebook (NASDAQ:FB) said that GoDaddy’s e-commerce tools soon will be integrated into Instagram’s online shopping platform.

So what

The domain-name manager and provider of various online business tools saw shares rising as much as 15% on August 6, boosted by a solid earnings report. Sales increased 9% year over year, and earnings would have been positive if not for a one-time tax charge of $850 million. This settlement of tax receivables is expected to lower the company’s tax payments by more than $1 billion over the next 8 years.

A smaller jump followed on August 25 when Instagram presented a list of platform partners for its fledgling e-commerce operations. There are two active partners so far, and the smaller one

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Bank FD interest rates are falling. Where should I invest for 1-2 years?

I am 34 years old. I am a teacher by profession. I put my surplus money in bank FDs. Recently, the banks have cut interest rates for one year FDs to around 5%. As far as I understand, this much return will not even beat inflation. I looked at the returns of liquid funds which were also not great. Please suggest which is the best investment option to invest my money for around 1 to 2 years? I fall in the 10% tax bracket.

-Sunita KL

By Prashant Maurya, Partner, Citrine Financial Advisors

As we are in a soft interest rate regime environment so interest from Fixed Deposits and similar instruments have gone down in the last one year.You can opt for Low Duration, Short Term and Banking PSU mutual funds. Returns will be at par or slightly higher than Bank Fixed Deposit. If there is some more softening

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Unemployment Claims Send Another Worrisome Note

Despite some signs of economic revival, the outlook for American workers remains treacherous, with layoffs continuing to claim hundreds of thousands of jobs a week.

The weekly figures on unemployment claims from the Labor Department on Thursday showed no relief, reflecting what Michael Gapen, chief U.S. economist at Barclays, said was “a transition to a slower pace of recovery, and one that will be more uneven.”

The department reported that more than 857,000 workers filed new claims for state unemployment insurance last week, before seasonal adjustments, a slight increase from the previous week. On a seasonally adjusted basis, the total was 884,000, unchanged from the revised figure for the previous week.

In addition, about 839,000 new claims were tallied under a federal program called Pandemic Unemployment Assistance, which provides assistance to freelancers, part-time workers and others who do not ordinarily qualify for state benefits. That figure, which is not seasonally

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‘Rogue’ Shopify employees may have stolen customer data from 200 merchants

  • Two Shopify employees may have exposed customers’ names, email and postal addresses, and order details from 200 merchants, the Canadian e-commerce giant said on Tuesday.
  • There is no evidence that any data taken by the “rogue” customer support workers has been used, Shopify said.
  • Shopify is working with the FBI and other international agencies to investigate the theft, it said.

Two “rogue” Shopify employees tried to steal transaction records from merchants and may have exposed customer data, the online payment platform said on Tuesday.

The employees may have taken customer data including names, email and postal addresses, and order details, the Canadian e-commerce giant said. Sensitive personal and financial information, such as full payment card details, was not accessed, it added.

The incident involved data from less than 200 merchants, who the company has notified. More than 1 million merchants use Shopify to sell their goods online.

The company said

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Capital One just bought my favorite flight insurance program ‘Freebird’

a pile of luggage sitting on top of a suitcase

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Last summer, my sister ended up with a $1,200 Delta First class ticket for the low cost of $19 because I paid for Freebird flight protection. I absolutely loved the protection the service offered for domestic itineraries and usually bought it for every low-cost carrier flight.

However, earlier this year with coronavirus wrecking havoc on the aviation industry, Freebird stopped offering its protection to the public as its business model was no longer sustainable with such unpredictability. That certainly doesn’t mean its technology is worthless and Capital One obviously thinks the same thing.

Earlier this week, Skift reported that Capital One acquired Freebird’s flight disruption technology and most of its staff are now working for Capital One.

a screenshot of a cell phone: Freebird can be a lifesaver when you encounter delays or cancellations.


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