02 Jun 2020

stimulus checks
The IRS is reportedly sending out 5 million paper stimulus checks per week. At that pace, some checks might not arrive for months. Thus, that means that it's going to take a while for them to crank out a paper check for the tens of millions of Americans who are scheduled to get one in their mailbox. If your stimulus payment isn't deposited directly into your bank account, the IRS will...

27 May 2020

Retailers
Retailers across the apparel world are turning to the newest essential garment to further their brand recognition and boost sales: the nonmedical face masks. Nordstrom announced Tuesday it would begin selling face masks for US$ 4 each in packs of six. Nordstrom began selling nonmedical cloth face masks Tuesday. Two days later, the masks had sold out on Nordstrom's website. The move comes...

27 May 2020

HEROES Act
Congressional efforts to pass another economic stimulus package officially began when the House of Representatives passed the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act. There were a lot of buzz about $2,000 stimulus checks each month. In fact, the second round of stimulus checks called for in the HEROES Act looks a lot like the first round of $1,200 checks aut...

14 May 2020

Small-business owners
Many small-business owners put everything they have into their businesses, and in doing so forget to make a plan for their own personal finances. That's a big mistake. No one could have predicted the worldwide spread of COVID-19 and the disastrous economic impact it is having on all businesses alike. In today's rapidly changing and unpredictable economic landscape, small businesses are u...

24 Mar 2020

depression
The effects of the COVID-19 pandemic could drive the world into an economic depression. The coronavirus brought business to a sudden stop. Besides, it sent stock markets into a meltdown and forced central banks to take emergency actions. As the coronavirus outbreak may just be getting started, Central banks and governments are unleashing interest rate cuts. Other actions adopted to prese...
Advertisements