Workers are back on the job at the the construction site of new towers near Government Center in downtown Boston on May 19, 2020. As the state economy cautiously begins to reopen, construction projects resume. (Photo by Lane Turner/The Boston Globe via Getty Images) Boston Globe Another round of coronavirus relief for Americans may hinge
Month: May 2020
Millions of small businesses are forgivable loans through the Paycheck Protection Program loans, but … [+] they will not automatically be forgiven. (AP Photo/Tony Dejak, File) ASSOCIATED PRESS One More Step Needed If You Want Forgiveness Did you know that if you applied for and received a Payroll Protection Program (PPP) loan, there is another
A Briarcliff, NY 5-bedroom house with 5,568 square feet on 2.41 acres. Asking Price: $914,222; … [+] Taxes: $55,641 Mark Seiden Real Estate On May 15, Congress passed a $3-trillion stimulus bill called the HEROES Act. Buried inside the bill is a measure that would reinstate the so-called SALT itemized deductions for 2020 and 2021.
Despite the overall economic downturn, home prices keep rising as inventory remains low. Getty Existing home sales plunged nearly 18% in April to a 10-year low, the National Association of Realtors said on Thursday. A separate morsel of information in the Association’s report, though, might shock as much as depressed sales do – home prices
President Donald Trump on Thursday did not wear a mask for coronavirus protection while touring a Ford Motor Co. plant in Michigan, despite a state law and company policy requiring facial coverings there. Trump, who has consistently refused to wear a mask in public, was visiting Ford’s Rawsonville Components Plant in Ypsilanti, which has a
Lights shine near a closed Macy’s Herald Square as people remain at home to stop the spread of coronavirus on March 29, 2020 in New York City. Noam Galai | Getty Images Macy’s said Thursday it expects first-quarter sales to fall by as much as 45%, and it could report a loss of more than $1
A shopper shops in a Ross store in Lewiston, Idaho. Francis Dean | Corbis | Getty Images Check out the companies making headlines after the bell. HP Enterprise — The information technology company’s stock dropped 5% in extended trading after the company reported second-quarter earnings. HP Enterprise said it had earnings of 22 cents per
Facebook will begin opening up its candidate pool to remote workers this summer, CEO Mark Zuckerberg said Thursday during an employee townhall livestreamed to the public on the social networking platform. Currently, 95% of the company’s employees are working in a remote capacity during the coronavirus pandemic, Zuckerberg says. He estimates half of the organization will
Luis Alvarez The U.S. government passed the largest piece of stimulus legislation in our nation’s history to allow people to keep paying their bills during the forced economic shutdowns due to the coronavirus. Consumers, in turn, used a lot of that money to speculate in the stock market. Securities trading was among the most common
Getty Images Talk of a second round of $1,200 stimulus checks made headlines last week when Democrats in the House of Representatives passed a new bill including those payments. But another round of federal relief checks is far from a done deal. Americans should brace themselves for a potentially long wait for that money, if
Assistant store manager Jesus Alvarez rings up groceries from behind a new plexiglass barrier at Ralphs Kroger grocery store after California issued a stay-at-home order in an effort to prevent the spread of coronavirus disease (COVID-19), in Los Angeles. Lucy Nicholson | Reuters The U.S. small business relief program may be changed to allow borrowers
Getty Readers, it is but mere coincidence that the day after once again revisiting old-age dependency ratios in light of the coming insolvency of the Social Security Trust Fund, the CDC released its 2019 fertility statistics, in which, once again, the total fertility rate dropped even further: from 1.7295 in 2018 to 1.705 in 2019.
The Trump Administration hopes reopening the economy will cause growth to snap back, but even some restored growth won’t save government budgets or the economy. We need more spending. A store displays a “Closed” sign after closing down permanently as more businesses feel the effects … [+] of stay-at-home orders amid the coronavirus pandemic on May 18, 2020
A double dishwasher drawer holding 14 place settings from Fisher & Paykel Photo courtesy Fisher & Paykel With so many people doing more cooking than ever in their homes, there is a growing interest in home appliances. Many of the appliance companies have evolved over the years and come up with much of the new
Volkswagen has removed an ad from its German Instagram account after admitting it was “racist.” The ad showed a large, white hand appearing to push a dark-skinned man around a parked VW Golf, before flicking him into a doorway. A VW spokesperson said told CNBC via email: ”We firmly distance ourselves from the video and apologize
David Paul Morris | Bloomberg | Getty Images Best Buy said Thursday that its revenue and earnings fell in the first quarter, despite an initial surge of shopping as customers set up their home offices and prepared for kids to attend school remotely during the pandemic. The retailer’s sales were also affected later in the quarter,
People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease (COVID-19), at an Arkansas Workforce Center in Fort Smith, Arkansas, U.S. April 6, 2020. Nick Oxford | Reuters This is a live blog. Check back for updates 9:16 am: Oil jumps to highest level in more than
People who love to hate Crocs had cause to celebrate in 2008, when investors were writing the company off as a passing fad. Crocs lost over $185 million that year. The stock plunged to just over $1 a share. But over the next decade, Crocs sold 700 million pairs of shoes. The clogs have have
Marc Andreessen, co-founder and general partner of Andreessen Horowitz David Paul Morris | Bloomberg | Getty Images Amid a sharp pullback in venture capital activity during the coronavirus pandemic, one Silicon Valley start-up is showing what could be a path forward for other new companies seeking funding. The business, a payroll platform for remote workers
Belinda Howell It turns out that ditching the commute and working from home in your sweats is not all it’s cracked up to be. Juggling your work and home life, Zoom calls instead of in-person meetings and possibly parenting and home schooling kids, it’s no wonder Americans are exhausted. In fact, in a recent Monster
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