Car line up at a drive-thru Three Square Food Bank emergency food distribution site at Boulder Station Hotel & Casino in response to an increase in demand amid the coronavirus pandemic on April 29, 2020 in Las Vegas, Nevada. Three Square is currently operating dozens of emergency distribution sites at various times and dates throughout
Month: May 2020
Billionaire entrepreneur Mark Cuban told CNBC on Thursday that he believes the stock market is overvalued, citing the uncertainty around consumer spending due to the coronavirus pandemic. “I think it’s almost impossible to predict where consumer and corporate demand is going to come from,” he said on “Closing Bell.” ”And because of that, it’s hard to create a valuation
Getty The CARES Act, which was enacted on March 27, 2020, implemented the Paycheck Protection Program (“PPP”), which allows small businesses to receive a forgivable loan of up to two and a half times their average monthly payroll costs for the prior year. The CARES Act provided that in order to be eligible for the
Federal prosecutors are coming down hard on suspected abuse of the Paycheck Protection Program. Getty The Paycheck Protection Program (PPP), provided under the CARES Act, has made available $659 billion in federal crisis aid for small businesses hurt by the COVID-19 pandemic and by the necessary state shutdown measures. Offering potentially forgivable loans covering up
Total count of COVID-19 cases based on the patient address by zip code NYC.gov One of the pieces of conventional wisdom we have picked up during the COVID-19 crisis is that high-density residential living will be less favored. The city to suburban migration pattern is already beginning in New York City and could last several
7:50 am: Amazon is building face shields for frontline workers 7:10 am: Trump says he will mobilize military to deliver vaccine when there is one A Paratrooper assigned to the 1st Brigade Combat Team, 82nd Airborne Division, prepares for a Airborne Operation at Fort Bragg, N.C., on May 7. Spc. Hubert Delany III | US
A view of atmosphere at the launch of SmileDirectClub’s Smile Kit at Macy’s Roosevelt Field Mall on June 30, 2018 in Garden City, New York. Gary Gershoff | Getty Images SmileDirectClub posted a bigger-than-expected quarterly loss on Wednesday and said it expects to operate with a smaller shop footprint going forward, with the company focusing
Take a look at some of the biggest movers in the premarket: Norwegian Cruise Line (NCLH) – Norwegian reported a first-quarter loss of 99 cents per share, wider than the 50 cents a share loss that analysts had projected. Revenue was in line with forecasts. The cruise line operator said it was well-positioned to withstand
On Friday the 13th this past March, I was laid off from my full-time associate editor job at a Manhattan-based trade publication. I wasn’t surprised, but I was scared. After getting off the video call with my boss, I received the official termination letter. “Please see attached,” the email read. “Wishing you only good fortune.” “It
CNBC’s Jim Cramer said Wednesday that investors can find buying opportunities in the market after Wall Street recorded multiple days of losses. The Dow Jones Industrial Average plunged more than 516 points, or 2.17%, to 23,247.97 for its third-straight negative trading session. The S&P 500 and Nasdaq Composite traded 1.7% and 1.55% lower, respectively, for
Xavier Bonghi In today’s environment, it’s just about unimaginable that someone would turn down a $40,000 forgivable loan. Benjamin Brandt, a certified financial planner and president of Capital City Wealth Management in Bismarck, North Dakota, did just that. He initially applied for the Paycheck Protection Program — a forgivable loan program that’s overseen by Treasury
Under ordinary circumstances, the opportunity to make changes to workplace health plans and flexible spending accounts happens only once a year. However, new guidelines from the IRS allow workers to revisit those elections now in response to the coronavirus pandemic. “I cannot think of a time when the IRS has been this flexible,” said David Speier, managing
Business owners who borrowed less than $2 million from the Paycheck Protection Program can breathe a little easier: They likely won’t face an audit from federal authorities. The PPP — a forgivable loan program that allows small businesses to cover up to eight weeks of payroll costs, mortgage interest and other expenses — was refilled
Getty Former First Lady Rosalynn Carter famously said: There are only four kinds of people in the world — those who have been caregivers, those who are currently caregivers, those who will be caregivers and those who will need caregivers. The new, mammoth Caregiving in the U.S. 2020 report from AARP and the National Alliance
US President Donald Trump looks on as US Secretary of the Treasury Steve Mnuchin speaks during a … [+] meeting with Republican members of the US Congress in the State Dining Room of the White House in Washington, DC, on May 8, 2020. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty
Photo: Getty The immediate impact of COVID-19 has many people around the world wondering about its long-term effects on travel, events and everyday activities. While it remains to be seen how COVID-19 will affect our experience of the outside world, many are starting to sense how it will transform our inside worlds by redefining (and
Russia has said an antiviral drug it’s funding has shown promising results in early clinical trials and has called for a global, collaborative approach to finding an effective treatment for the coronavirus. Russia’s sovereign wealth fund (RDIF) has been funding Russian trials of the drug favipiravir, an anti-influenza drug first developed in Japan under the
Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Cisco shares rose as much as 4% and later lost some of their gains in extended trading Wednesday after the company reported better-than-expected fiscal third-quarter earnings. Revenue dropped 8% from last year’s quarter, steeper than
New York Stock Exchange building is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun | Anadolu Agency | Getty Images U.S. stock futures were largely flat on Wednesday night after concerns over the U.S. economy and the market’s overall valuation sparked another sell-off in equities earlier
Let’s face it: We’re going to be wearing cloth face masks for a while. Last month, the Centers for Disease Control and Prevention started recommending that people wear face masks in public places where social distancing is difficult to maintain. While experts agree on the importance of wearing masks, as it can help slow the
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