Judith Ramirez is bracing for July. That’s when the hotel housekeeper and her electrician husband – who have both been out of work for three months – expect their combined unemployment benefits to drop by more than half, and their...
A correction is defined as a 10% or more decline in the price of an asset or index. The IMF estimated earlier this week that the global economy would contract by 4.9% this year, before growing at a pace of...
The clock is ticking for small business owners who need financial help in order to survive the coronavirus crisis. Tuesday, June 30 is the application deadline for the Paycheck Protection Program, a CARES Act initiative that provides loans to businesses...
Workers can collect unemployment benefits even after refusing work or quitting a job, if it’s for “good cause.” The CARES Act expanded these opportunities for Americans in instances related to Covid-19 — for health, safety or child-care reasons, for example. Some...
In a company in the midst of coronavirus-caused bankruptcy, where stockholders are likely to be wiped out, there are weird signs of life—worthless stock ticking up, an equity offering. But betting on an undead company is a very bad idea....
Disney World and Disneyland may be shut down, but the unpredictable and sassy ride that PPP borrowers, banks and CPA’s are going through under this well-intentioned, but somewhat unorganized, program continues. Here are the curves and surprises baked into the...
Hertz, Whiting Petroleum, Chesapeake Energy shares surge Number of Robinhood users holding these stocks also swells Just in the last week, 96,000 people on the Robinhood investing app opened a position in Hertz Global Holdings Inc. The number of users...
Billionaire bond investor Jeffrey Gundlach, the CEO of $135 billion DoubleLine Capital, sees the potential for a "wave of more higher-end unemployment' hitting white-collar workers making more than $100,000 per year as employers increasingly question the value these employees bring....
Federal Reserve Chairman Jerome Powell has been out there again sounding the alarm about the potential for further damage to the economy from the coronavirus pandemic. In his newest remarks, he worried aloud about the possibility of a second round...
While you can’t snap your fingers and have your student loan debt magically vanish, there are ways to get student loan forgiveness. There are a number of student loan forgiveness programs out there for people who work in public service,...
Consumer confidence edged higher in May after two months of steep declines as businesses shuttered by the coronavirus pandemic gradually reopened, but the measure still hovers near six-year lows. The closely watched index of Americans’ outlook rose to 86.6 from...
Sometimes financial engineering gets you more than you bargained for. From the customer’s perspective, car rental is a straightforward business. The only uncertainty is whether the hiring company will charge you for the scratch they discover when you hand back...
As investors’ attention turns to recovery from reopening, some economists are warning that it may take up to three years for the global economy to get back to pre-pandemic levels—and that’s if everything goes right. In a report Monday, IHS...
Federal regulators have changed rules and cleared up some confusion about limits placed on the over 4 million borrowers in the mortgage relief program the government rolled out to contend with the coronavirus’ economic onslaught. Lending rules that were in...
The federal budget deficit widened to a record $738 billion in April, as the government’s efforts to combat the coronavirus pandemic led to massive levels of new spending and sharply lower tax collections, the Treasury Department said on Tuesday. In...
