Popular summer vacation spot Provincetown, Massachusetts, is taking Covid-19 seriously, mandating mask-wearing and limiting the number of customers in stores, but consumers are still out. (Photo by Zach D Roberts/NurPhoto via Getty Images) NurPhoto | NurPhoto | Getty Images Small businesses are feeling somewhat more optimistic, adapting operations to the new economic and public health
Month: August 2020
By Kerri Fivecoat-Campbell, Next Avenue Contributor getty Susie Hediger, 56, who lives in Roeland Park, Kansas, worked as a cashier for a big-box lumber retailer when her governor issued a state of emergency in March due to the Covid-19 pandemic. Having been diagnosed with lung cancer in July 2019 and undergoing treatment, she wasn’t sure
getty Last week, the National Taxpayer Advocate promised that help was on the way for some taxpayers who had missing or incomplete stimulus check payments. Today, the Advocate delivered, explaining the kinds of problems that the Internal Revenue Service (IRS) will currently resolve, what some individuals need to do to receive a check, and how some
A cyclist passes a public housing building in the Red Hook neighborhood of Brooklyn, New York. © 2019 Bloomberg Finance LP The Department of Housing and Urban Development announced today that it will provide a new round of emergency relief funding for eligible low-income families and individuals living in public housing. The $472 million in
A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease (COVID-19) outbreak at Ronald Reagan National Airport in Washington, U.S., April 5, 2020. Joshua Roberts | Reuters Airline shares Monday headed for their biggest one-day percentage gains in nearly a month after federal data showed air
This photo taken on January 11, 2018 shows a woman walking past Marriott signage in Hangzhou in China’s Zhejiang province. – | AFP | Getty Images U.S. hotel operator Marriott International posted a bigger-than-expected quarterly loss on Monday, as the coronavirus pandemic curbed global travel and led to a plunge in room bookings. Marriott’s shares,
Workers do final preparations on a Kodak stand on the eve of CES in Las Vegas, Nevada on January 8, 2018. David McNew | AFP | Getty Images Check out the companies making headlines midday Monday: Kodak — Kodak shares slid more than 30% after a federal agency said its $765 million loan for the
Joe Biden and Donald Trump Ron Adar | Echoes Wire | Barcroft Media via Getty Images; Mandel Ngan | AFP | Getty Images Every four years, as we approach the U.S. presidential election, we reflect on the wide-ranging implications of each potential outcome. As is always the case, much is at stake during the current
A stack of Starlink internet satellites just before a launch. SpaceX SpaceX is manufacturing its Starlink satellites at an unprecedented rate for the space industry, analysts say, as the company dives headlong into building a space-based global internet service. Elon Musk’s company told the Federal Communications Commission in a presentation last month that its Starlink unit
Parents are forming learning pods for their children to supplement virtual learning this fall. Source: Outschool The latest education trend has parents reaching into their wallets to help supplement or replace their children’s virtual education this fall. So-called “learning pods” or “pandemic pods” are popping up all over the country. They are small, in-person groups
Only 4.3% of America’s 22.2 million business owners are Black, according to numbers reported in February by the Brookings Institute. And Black-owned businesses launch with about “a third less capital than their white peers and have difficulties raising private investments from mainstream investment systems,” reported Brookings. While 7% of white business owners get a loan
getty Yes, yesterday I wrote an article with the intentionally eye-catching title, “Will Trump’s Payroll Tax Cut End Social Security As We Know It? Let’s Hope So.” — because, as regular readers will know, I never miss a chance to promote my preferred Social Security reforms. In the meantime, I have received more than the
People wait outside the Apple store in Covent Garden in London August 30, 2016. The European … [+] Commission’s demand for Apple to pay Ireland some 13 billion euros in back taxes has put the country in the strange position of refusing the windfall for fear of scaring away valuable investment. Rather than welcoming the
(Photo by Lev Radin) Pacific Press/LightRocket via Getty Images The biggest banks in the U.S. are the four money center banks considered too big to fail. Bank of America BAC , Citigroup C , JPMorgan Chase JPM and Wells Fargo WFC have been increasing their reserves for losses as loan defaults rise. Here is the
People in protective clothings are pictured while checking the body temperature of people crossing the German-Polish border on March 18, 2020 in Goerlitz, Germany. Florian Gaertner | Photothek | Getty Images German businesses expect coronavirus restrictions on public life to continue for another 8.5 months on average, according to the closely-followed Ifo institute, as the
President Trump signed four executive orders on Saturday. They direct the Treasury to extend the federal bonus for unemployment insurance, order the Treasury and HUD to provide temporary funds to renters and struggling homeowners, extend a payment moratorium on student loans, and defer the 6.2% Social Security tax, also known as the payroll tax. All
ASSOCIATED PRESS On August 6, 2020, the Senate adjourned without passing a stimulus package. Senate Majority Leader Mitch McConnell (R-KY) wasn’t involved in the talks, leaving Senate Minority Leader Chuck Schumer (D-NY) and House Speaker Nancy Pelosi (D-CA) to work directly with Treasury Secretary Steve Mnuchin and White House Chief of Staff Mark Meadows. As
U.S. Speaker of the House Nancy Pelosi, joined by Senate Minority Leader Chuck Schumer, speaks to reporters in the U.S. Capitol in Washington, July 29, 2020. Erin Scott | Reuters Top Democrats on Sunday criticized President Donald Trump’s executive actions on coronavirus relief as “absurdly unconstitutional” and “way off base.” The measures, which Trump signed on Saturday
Trader Michael Urkonis works on the floor of the New York Stock Exchange, January 28, 2020. Bryan R Smith | Reuters U.S. stock futures opened flat on Sunday night after President Donald Trump signed several executive orders aimed at extending coronavirus relief. Those orders continue the distribution of expanded unemployment benefits, defer student loan payments
Many Americans are struggling to meet their credit card mills during the pandemic. zenstock | iStock | Getty Images Amid one of the worst downturns in U.S. history, nearly 80% of credit card holders say they’re worried they won’t be able to continue making even the minimum payments on their debt. The figure comes from
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