Investment Watch Blog

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

A 70-year-old Toms River man was arrested twice in less than three hours Saturday after violating the state’s emergency orders during the coronavirus pandemic by entering separate Wawa stores without a mask and threatening to hit people with a pipe, authorities said. Stephen Breza became belligerent when he walked into a Wawa on the 100 block of … Read more

by Badatu 9,991 layoffs: YMCA 1,498 layoffs: Cinemark 1,463 layoffs: Hy-Vee 1,354 layoffs: Punch Bowl Social 1,328 layoffs: Trans States Airlines 506 layoffs: Take 5 Oil Change 407 layoffs: Paper Source 395 layoffs: Cisco ​ More details: YMCA submitted 19 WARN notices in March, laying off a total of 9,991 employees in eight states, 3,400 of … Read more

By Simon Watkins Quite aside from the subtler elements of the oil deal announced late last week that are likely to undermine its ability to stave off further oil price lows in the coming weeks, the basic facts of the deal are sufficient to do so: global supply is to be cut by (sort of) 10 million … Read more

by Shaun Richards At a time of crisis people look for what are considered to be safe havens. I say considered to be because this subject has been a regular feature on here in the credit crunch era and we have observed some ch-ch-changes in behaviour. For example we have seen investors be willing to … Read more

By Nick Cunningham “The historic agreement that we saw…is only 10 mb/d. But that is only half of the story,” U.S. Secretary of Energy Dan Brouillette said on Fox Business. “When you add up all of the production cuts around the world, we are going to be much closer to 20 mb/d coming off the market.” After … Read more