Month: April 2020

https://twitter.com/hks55/status/1250164654543945736 Alright.,we'll see how this one holds up in time. Bought S&P puts today. Feels like we are reaching "peak euphoria". the eye of the storm has almost completed its pass over us. now comes the real pain. w/everyone in, mkt grinds slowly lower and lower like boiling a frog in water pic.twitter.com/HXxhT9PJlH — steph … Read more

Wall Street feasts on federal coronavirus aid while Main Street starves… Judging by the performance of the stock market, the economic recovery from the pandemic lockdown should be swift and dramatic, a so-called V-shaped recovery. If only it were true. The stock market’s recent gains don’t tell the full story of the absolute mess the … Read more

RHODE ISLAND (WLNE) – The federal government’s $2 trillion stimulus package is set to go into effect Tuesday at 8:00 a.m. The CARES Act expands unemployment benefits to a range of workers who were not previously eligible to apply. This group includes freelance workers, contract workers, and the self-employed. “We haven’t had an income in … Read more

At least 15,000 cars and trucks are expected to descend on Michigan’s state capital on Wednesday to protest what they’re calling Gov. Gretchen Whitmer’s tyrannical new guidelines to slow the spread of the novel coronavirus in the state. The so-called “drive-by” demonstration – in order to maintain social distancing — aims to bring traffic to … Read more

We have many very well off Asians in the Boston area and a ton of Asian students who live in my area in what is known as a gentrified area of Boston. I am trying to get out of my lease and asked, why don’t you just rent it out to one of the Asian … Read more

Abacus No ABNB Federal Credit Union Pending Academy Bank No Advancial Credit Union No Advantis Credit Union Pending Affinity Credit Union Pending Alaska Credit Union Pending Alliant Credit Union Pending All In Federal Credit Union Pending All South Federal Credit Union Pending Ally Bank Pending Altura Credit Union No America First Credit Union No American … Read more

Cuomo’s been calling daily, even hourly, begging for everything, most of which should have been the state’s responsibility, such as new hospitals, beds, ventilators, etc. I got it all done for him, and everyone else, and now he seems to want Independence! That won’t happen! — Donald J. Trump (@realDonaldTrump) April 14, 2020 POTUS Starting … Read more

Boeing customers cancelled a staggering number of 737 Max orders last month, deepening the crisis the company faces amid the coronavirus pandemic and the continued grounding of its best-selling plane after two fatal crashes. Boeing shares were down more than 3% shortly after the company posted the dismal figures, trading near session lows. BA stock … Read more

by whatsthisallabout247 I hope this is helpful and you review your current applications to fix these common mistakes: Insufficient backup such as 941 forms, Schedule C tax returns and payroll summaries Answering “no” to question 7 on the application where it asks you if your payroll calculation is for employees who live in the United … Read more

The global economic hit from the coronavirus crisis will be far worse in the near term than the financial crisis, according to Goldman Sachs. In the U.S., second-quarter activity likely dropped 35% while unemployment could hit 15%. However, the recovery in the second half of the year could be stronger than anything the U.S. has … Read more

by PaddleMonkey Any reduction in the risk of infection is good. The best method would be to avoid all human contact and avoid touching anything that could have been handled by people, but that’s very hard to do. Even cloth masks reduce outgoing and incoming virus particles.      

https://twitter.com/NYCSpeakerCoJo/status/1249811884150308865 Governors on East and West coasts form pacts to decide when to reopen economies (CNN)States on the country’s East and West coasts are forming their own regional pacts to work together on how to reopen from the stay-at-home orders each has issued to limit the spread of the novel coronavirus. The first such group to be announced came … Read more

The United Nations could run out of money by the end of the month as it faces a near-unprecedented funding crisis, the secretary-general has warned. Almost a third of member states have not paid their annual dues leading to a £1.3 billion black hole, António Guterres said in a statement on Tuesday. The shortage of cash has meant vital … Read more

by emilyydrewww Something something exponential growth. Low murmurs under breath. Grumbling.    

via CNBC JPMorgan is building its credit reserves in anticipation that people might not be able to pay their credit card bills. The bank’s first quarter earnings statement showed its credit reserves increased by $6.8 billion from the prior year, 56% of which was allocated for its consumer card division. “Given the likelihood of a … Read more