By Diane Swonk, chief economist, Grant Thornton Orders for durable goods orders plummeted 1.1% in February after rising an upwardly revised 3.5% in January. Unusually harsh winter weather across the South and the oil patch took a toll on manufacturing activity during the month, delaying shipments into March. Aircraft orders more than doubled but are…

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By Eric Gronroos, Baker Tilly Just as cryptocurrencies like Bitcoin are starting to make news again and exciting investors, custodial broker-dealers continue to seek clarity on the ability to maintain custody of the digital assets under Rule 15c3-3. On Dec. 23, 2020, the Securities and Exchange Commission (SEC) issued a statement and request for comment…

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By Kristen Hughes, Baker Tilly   On Feb. 12, 2021, the U.S. Securities and Exchange Commission (SEC) released an order extending the reporting deadline for certain smaller broker-dealers. Typically, broker-dealers registered with the SEC are required to file a financial report and a compliance report, or an exemption report alongside reports from a registered independent…

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By Christine Idzelis, Institutional Investor Blank-check companies create competition for deals — but buyout firms are also benefitting. The rise in blank-check companies — a boon to private equity firms looking to cash out from their deals — is worrying some managers. “It feels a little bit like a gold rush to me,” said James…

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By Diane Swonk, chief economist, Grant Thornton The U.S. economy grew at a 4% pace in the fourth quarter of 2020 after surging 33.4% during the third quarter. That marks two consecutive quarters of gains, which many use as a rough rule of thumb to declare the economy in a recovery instead of a recession.…

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By Patrick Henry, Frank Fumai, Tania Lynn Taylor and Jagat Patel, Deloitte Often behind the scenes, private equity firms stepped up to support their portfolio companies during COVID-19 in myriad ways. Learn how PE firms will likely continue to play a pivotal role in the economic recovery. Key takeaways Formidable growth is anticipated in private…

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By Brian Nichols, director, Baker Tilly The great migration While the idea of cloud-hosted infrastructure may seem new, organizations have been outsourcing management of their infrastructure for decades. Organizations that no longer wanted to manage the physical aspects of their computing and network infrastructure moved to outsourced datacenters that co-located their infrastructure with other customers…

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By Diane Swonk, chief economist, Grant Thornton What we hoped would be a sprint has turned into a marathon. We are in the hardest mile when fatigue sets in, causing our minds and bodies to hit a wall.Marathoners train for this inevitability, but most of us were caught unprepared. Employment lost ground in December for…

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By Brian Nichols, Baker Tilly Evolution of cybersecurity Investments in cybersecurity have increased rapidly over the last ten years. Originally, cybersecurity was viewed as a technology issue, and investments were made into building technology solutions for cybersecurity concerns. The solutions range from basic anti-virus protection to sophisticated malware detonation technologies. However, one thing has remained…

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By Diane Swonk, chief economist, Grant Thornton We are still down 9.8 million jobs since the peak in February, one million more jobs than we lost during the 2008-09 recession. Employment added only 245,000 jobs in November, less than half the pace of October and the weakest pace since April. Public health conditions will no…

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