Shukla & Co. Chartered Accountants

Canadian economic output plunged by a near record 8.2% annualized rate in the first quarter, as household spending collapsed on coronavirus-induced shutdowns. Exports also fell markedly as reported by Paul Vieira.

Corona virus outbreak : Federal Reserve of USA will Inject $1.5 Trillion in Bid to Prevent ‘Unusual Disruptions’ in Markets.
The Fed’s promise to intervene substantially in short-term money markets, together with a move that opens the door to a resumption of bond-buying stimulus known as quantitative easing, followed two days of trading in which market functioning appeared to have degraded (per WSJ).

$7 Billion deal for "Credit Karma", a personal-finance portal to acquire by Intuit Inc. - Bookkeeping-software giant. This acquisition would be Intuit’s largest ever and the first sizable transaction under CEO Sasan Goodarzi as per input from Cara Lombardo.

In the global race for 5G, U.S. telecom firms have a unique disadvantage: limited access to the “goldilocks” band of radio frequencies. That's pushing U.S. firms toward a less practical version of 5G. Ericsson, Xilinx and Juniper are among 5G suppliers seeing lull- As per input from Asa Fitch.

"The Mormon Church" (The Church of Jesus Christ of Latter-day Saints with head quarter in Salt Lake City, USA) Amassed $100 Billion as per wall street report of Saturday. It was the Best-Kept Secret in the Investment World.

http://shuklaandco.com/

shuklaandco.com

Beyond Quantum : Boston startup, Catalog Technologies Inc., is developing a unique way of storing large amounts of data. The company recently showed it could store 14 gigabytes of data from Wikipedia.org in DNA molecules, which look like a few drops of water in a test tube.Intel is ramping up investments in novel computing methods by developing quantum chips and neuromorphic chips. Neuromorphic chips, which are modeled after the body’s nervous system, can process large amounts of data and learn from it in real time to make “good enough” predictions automatically, similar to the way humans learn about the world, said Mike Mayberry, Intel’s chief technology officer. Source- Sara Castellanos.

Dream place of tourism to a ‘Ghost Town’ : Protests have turned Hong Kong Disneyland into ghost town. Plunging attendance at the theme park is emblematic of a decline in tourism. Peace always gives prosperity worldwide so both internal and external perfect security is must for increasing business and Industry.

Oil Game and Impact: Russia, Iraq and the UAE are among the handful of oil producers benefiting from the recent attack on Saudi Arabia’s largest oil-processing facility, as Asian buyers seek alternatives to the kingdom’s highest-quality crude. To keep business intact, Saudi will be bound to expense more for defense support and to safeguard from terror attacks/Missiles/Drone.

Trade War’s Global Impact Grows : The escalating trade war between the U.S. and China is rippling through the global economy, hurting confidence among U.S. small businesses, crimping trade among industrial giants in Asia and hitting export-oriented factories in Europe.

On Sunday the U.S. imposed fresh tariffs of 15% on Chinese goods including clothing, tools and electronics. A round of retaliatory Chinese tariffs also took effect, targeting imports of U.S. soybeans, crude oil and pharmaceuticals. - As per report of Simon, Fujikawa and Paul.