If you know someone who’s had to plan a funeral during the Covid-19 shutdown, you realize how much tougher it is to go through this already difficult task. Most states have limited gatherings to no more than 10 people. Planning and pricing a funeral online is a service the industry has not usually provided. “The […] More
Jim Cramer, host of “Mad Money,” took some pointers from volatility expert Mark Sebastian to understand why the market could sell-off more. Source by [author_name] More
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 […] More
A store in Arlington, Virginia, remained temporarily closed on May 14, 2020. Another 3 million people filed initial unemployment claims last week on a seasonally adjusted basis, according to the Department of Labor. Olvier Douliery-AFP/Getty Images States paid a record $48 billion in unemployment benefits last month as the coronavirus pandemic caused millions of Americans […] More
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 […] More
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 […] More
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 and the […] More
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 […] More
It may be time to get creative when it comes to making money. If you are among the millions of Americans without work amid the coronavirus pandemic, you’re facing roadblocks not seen in years. With unemployment hitting post-World War II records and shelter-in-place restrictions ongoing, competition is fierce for the jobs that are available. That’s why experts suggest […] More
Maybe your job won’t come back. Your industry might be completely transformed. You might be homeschooling for longer than you imagined. Welcome to trying to get off the ground during the age of coronavirus. Nichole Young, 34, was in the final stages in March of interviewing with a company that paused on new hires. The […] More
Mobile payment apps like PayPal and Venmo could expose consumers to coronavirus-related scams, according to AARP, an advocacy group for older Americans. Peer-to-peer payment platforms, which allow for the digital transfer of money from one user to another, have risen in popularity, especially among younger adults. These programs — other examples include Zelle, Square, Apple […] More
It’s hard to imagine being paid to borrow money or penalized for saving. But the economic shock from Covid-19 may call for drastic measures. Up until this point, the Federal Reserve has never brought its benchmark rate into negative territory and, according to Federal Reserve Chairman Jerome Powell, the Fed is not considering going to negative interest rates now. “The […] More
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