In the last week, the Small Business Administration has released a flurry of guidance — or what passes as guidance in this situation — governing forgiveness of Paycheck Protection Program loans, culminating this morning in the release of a new Form 3508 for borrowers to use in requesting said forgiveness. Piecemeal as the guidance has
Month: June 2020
Single family house on pile of money. Concept of real estate. Getty In the wake of the pandemic, mortgage interest rates have plunged to near-record lows, which has lead to an unprecedented boom in the mortgage refinance industry. However, as more and more people rush to refinance, it’s important to remember that securing a good
Jay Clayton, chairman of the Securities and Exchange Commission, warned Wednesday about the risks of tapping 401(k) retirement money and using it for riskier investments during the coronavirus pandemic. As part of the CARES Act, Congress approved a change to let people withdraw up to $100,000 from their 401(k) or IRA accounts this year without having to
Rob Frohwein, CEO of Kabbage Adam Jeffery | CNBC In late March, with the coronavirus pandemic forcing mom-and-pop shops across the country to shut down indefinitely, small business lender Kabbage furloughed a “significant number” of employees and paused its lending operation, anticipating the contraction in its customer base. But CEO Rob Frohwein, who co-founded the
Billionaire and legendary Silicon Valley investor Marc Andreessen has every second of his day and night scheduled, including free time and time to think — and the practice is critical to his success, he says. “The big thing is basically *everything* is on the calendar. Sleep is on the calendar, going to bed is in
Klaus Vedfelt Digital banks like Chime and Square’s Cash App have added millions of users by offering streamlined, mobile-first accounts without the pesky fees associated with brick-and-mortar banks. To that list of disruptors, add the New York-based start-up Current. Current, founded in 2015 by former Wall Street trader Stuart Sopp, has offered fee-free mobile checking
Nikola Corp.’s stock has gotten a lot of attention, and its founder boasts that its Badger pickup will rival Ford‘s F-150, the best-selling truck in the U.S., even though you can’t drive one of the electric truck maker‘s vehicles off the dealer’s lot yet. Nikola went public through a reverse merger on June 4, and its stock has
Oracle CEO Safra Catz delivers a keynote address during the 2019 Oracle OpenWorld on September 17, 2019 in San Francisco, California. Oracle CEO Safra Catz kicked off day two of the 2019 Oracle OpenWorld with a keynote address. The annual convention runs through September 19. Justin Sullivan | Getty Images Oracle shares fell as much
The Norwegian Bliss cruise ship is seen docked on March 15, 2020 in New York City. Mayor Bill de Blasio said on Tuesday that any cruise ship passenger disembarking in New York City with a temperature over 100.4 will be given the choice of self-isolating at home or be taken to a hospital to protect
Variable Annuities Caveat In this discussion of variable annuities, I am mostly making an implicit assumption that the annuity is competitively priced. Fees reflect what is needed to support the guarantees provided by the insurance company and to keep the company profitable. But fees are not excessive such that the value to the consumer is
TOPLINE Stocks jumped on Tuesday thanks to a record surge in retail sales last month, additional support from the Federal Reserve and hopes for more government stimulus. Retail sales jumped by a record 17.7% in May. Spencer Platt/Getty Images KEY FACTS The Dow Jones Industrial Average was up 2%, over 500 points, on Tuesday, while
Balance home and money, home loan, reverse mortgage concept : A man hand put us dollar money bag … [+] into scales on table with green nature as background. Savings, investment, loan for plan in the future. Getty It has been 12 years since the U.S. government took over Fannie Mae and Freddie Mac when
rudi_suardi For the most part, Americans spent very little during the pandemic — up until now. On Tuesday, May retail sales shattered expectations, jumping 17.7% in the biggest monthly surge ever. President Donald Trump was quick to post on the news. Nearly half of all consumers had said they were saving more during the coronavirus crisis by
NetEase Games logo is seen above the company’s booth one day before the 2019 China Digital Entertainment Expo & Conference (ChinaJoy) at Shanghai New International Expo Center on August 1, 2019 in Shanghai, China. VCG | Getty Images There’s a “healthy” pipeline of Chinese companies listing in Hong Kong, and one key trend ahead will
The new potential coronavirus treatment dexamethasone is a “good first step” to finding a cocktail of drugs that can effectively treat Covid-19, Oxford University professor Martin Landray, who co-led the study that found the drug to improve survival among patients, told CNBC on Tuesday. Landray and his team earlier Tuesday published the results of a study, which
U.S. stock futures moved lower in overnight trading, following a big rally in the previous session fueled by growing belief that the worst may be over for the world’s largest economy. Dow futures fell 180 points, indicating a loss of 0.7% at the open on Wednesday. The S&P 500 and Nasdaq-100 were also set to
By Andrea Cooper, Next Avenue Contributor Nicole Dunn and her mother, who recently moved into an assisted living community Courtesy of Nicole Dunn Nicole Dunn was all set to move her mom, Barbara, into an assisted living community in St. Petersburg, Fla. in April. Then Covid-19 struck. The facility temporarily banned outsiders and “that meant
A portrait of Nicki Howard Courtesy of Nicki Howard Nicki N. Howard is senior tax counsel for CSX Transportation Inc. Headquartered in Jacksonville, Florida, CSX is a rail carrier servicing states east of the Mississippi as well as portions of Canada. There have been a number of articles discussing why women are leaving tax. However, there is more to say
Two-thirds of sellers would accept a lower offer, LendingTree finds. Those most likely to do so are … [+] millennial sellers (78%), followed by Gen Xers (67%) and baby boomers (55%). Getty Despite the recent surge of bidding wars in quickly rebounding housing markets, in late April, nearly 70% of home sellers said they would
Klaus Vedfelt | Getty Images Many companies have made big promises in recent weeks when it comes to improving racial diversity. Yet investors may be wondering whether the stocks they own include companies that have made racial inclusion a priority. One index is aiming to provide a measure for that. The Morningstar Minority Empowerment Index
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