TOPLINE The market closed flat on Friday, as investors digested mixed economic data and stocks took a hit from yet another daily record spike in new U.S. coronavirus cases. Stocks are on pace for a third straight week of gains. Angela Weiss/AFP via Getty Images KEY FACTS The Dow Jones Industrial Average was down 0.2%,
Month: July 2020
WASHINGTON, DC – JULY 17: Steven Mnuchin, U.S. Treasury secretary, speaks during a House Small … [+] Business Committee hearing on July 17, 2020 in Washington, D.C. The hearing is titled “Oversight of the Small Business Administration and Department of Treasury Pandemic Programs.” (Photo by Erin Scott-Pool/Getty Images) Getty Images To date, the Paycheck Protection
Getty The Probable Next Round of PPP Loans Based on Necessity, Minority Outreach, and Exactly What Was Said About Automatic Forgiveness for Loans Under $150,000. On July 17, 2020, the House of Representative’s Committee on Small Business held a hearing with Steven Mnuchin, the United States Secretary of the Treasury, and Jovita Carranza, Administrator of
Economic Security Planning, Inc. Today’s column addresses questions about when widow(er)’s benefits can be paid to a surviving spouse, how filing for early retirement benefits can affect other benefits taken later and taking early retirement benefits before divorced spousal benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
Dr Anthony Fauci, director of the National Institute for Allergy and Infectious Diseases testifies during a Senate Health, Education, Labor and Pensions (HELP) Committee hearing on Capitol Hill in Washington, U.S. Kevin Dietsch | Reuters White House health advisory Dr. Anthony Fauci said Friday that the coronavirus has hit the U.S. “very severely” and the
A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images Check out the companies making headlines in midday trading. Netflix — Shares of the streaming video giant fell 6.5% after company missed earnings estimates gave guidance
Jodi Furman, 46, says negotiating over a car purchase or lease is best done over the phone or through email. Jodi Furman Jodi Furman is married to a man who loves expensive cars. “Pretty cars, fast cars,” said Furman, 46. She has bought 12 cars in about 20 years, and she’s picked up a wealth
Patrice Washington became a real estate broker her senior year of college. After graduating from USC in 2003, Washington opened a boutique real estate and mortgage brokerage with a team of employees to keep up with demand. By 2007, she had made millions and parked her earnings into 13 investment properties. Then the housing market
A pilot talks on a mobile device near a Delta Air Lines gate at the Salt Lake City International Airport. George Frey | Bloomberg | Getty Images Delta Air Lines is seeking to reduce the guaranteed minimum pay for pilots, a proposal an airline executive said Friday could avoid furloughs for a year as the threat
Attempting to forecast the path of the American economy right now is like peering into a dark well — nobody knows how deep the hole goes. Even Jamie Dimon, CEO of JPMorgan Chase and veteran prognosticator of all things financial, is flummoxed. As head of the financial system’s bellwether, a bank with $3.2 trillion in
Robert Miller, a Pittsburgh area restaurateur, has watched with sadness as some of his favorite local eateries closed for good in recent weeks. Union Standard, Pizza Taglio, Spoon — just a handful of the businesses lost in the age of the coronavirus pandemic. “They’re all places people would know by name,” Miller said. Miller, 45, expects
Brian Taylor is your quintessential small business owner. He started Harlem Doggie Day Spa, a pet grooming and boarding business, 10 years ago in Harlem, New York. Like many small business owners, Taylor says he lost about 80% of his business when he had to temporarily close his storefront in early March due to the Covid-19
Women in the U.S. earn 81 cents for every dollar men make in 2020. That’s the raw gender pay gap, “which looks at the median salary for all men and women regardless of job type or worker seniority,” Payscale explains in a 2020 report on the state of the pay gap. The gap forms early
Zoe looks for a little handout from diners on Grant Street in a makeshift outdoor dining area bounded by steel barricades in San Francisco, Calif., on Tuesday, June 16, 2020. Carlos Avila Gonzalez | The San Francisco Chronicle via Getty Images San Francisco Mayor London Breed announced Friday that the city will pause its reopening
Company: Pearson PLC (PSO) Business: Pearson delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The company operates through three segments, which include North America, core and growth. The company’s North America segment includes assessments and services businesses in the United States and Canada. The
WASHINGTON, DC – APRIL 21: Senate Majority Leader Mitch McConnell (R-KY) speaks during a news … [+] briefing at the U.S. Capitol April 21, 2020 in Washington, DC. McConnell, Minority Leader Charles Schumer (D-NY) and House Speaker Nancy Pelosi (D-CA) agreed on new $500 billion bipartisan deal to deliver more coronavirus relief to small businesses
With stimulus checks to process, truckloads of unopened mail, and staff unavailable to resolve flags … [+] on electronically filed returns, the IRS has fallen behind issuing 2019 tax refunds. Andrew Harrer/2019 Bloomberg Finance Hope you had a Happy Tax Day. I’m still waiting for my refund. I filed my 2019 individual income tax return
Mortgage rates written on a model of house. Getty The threshold many thought could never be crossed, has been crossed. The average interest rate for a 30-year mortgage dropped below 3%, as Freddie Mac reported yesterday, settling in at 2.98% for the week that ended July 16th. For a 15 year loan the average rate
Glenda West was hoping to retire in comfort with her wife, Juliana. Yet like many Americans, the 60-year-old has seen her retirement plans thrown out of whack by the coronavirus pandemic. “We had a clear plan on how much to put away every year,” said West, who owns a small construction company with her wife
NEW DELHI, INDIA – NOVEMBER 12: Twitter CEO and Co Founder, Jack Dorsey addresses students at the Indian Institute of Technology (IIT), on November 12, 2018 in New Delhi, India. (Photo by Amal KS/Hindustan Times via Getty Images) Hindustan Times Twitter said late Thursday that about 130 people were targeted in a cyberattack that took
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