Getty Images Borrowers need not pay interest at the otherwise applicable six months after loan date. Most PPP borrowers are aware that they will not pay interest on loans that are eventually forgiven by reason of paying expenses that are eligible to cause forgiveness. The promissory notes signed by most PPP borrowers have provided that
Month: October 2020
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Securities (CARES) Act, a $2.3 trillion relief package designed to help individuals and businesses weather the economic damage caused by the COVID-19 pandemic. BOSTON, MA – OCTOBER 1: SBA administrator Jovita Carranza, left, meets with Jamaica Mi Hungry … [+]
The Kohler Setra kitchen faucet in not only touchless but also responds to verbal commands. Photo courtesy of Kohler You come into the house from shopping and you want to clean your hands to avoid bringing any bacteria or viruses in – the touchless faucet is the perfect next step. This way you don’t have
IBM Executive Chairman Ginni Rometty told CNBC on Thursday that corporate America has the potential to create long-lasting societal change by advancing the cause of racial equality. “The private sector has the ability to create a movement, and actually, I think, this could be the greatest mobilization of the private sector for a benefit of society,”
A employee moves pizza boxes before a delivery at a Domino’s Pizza Inc. restaurant in Chantilly, Virginia. Andrew Harrer | Bloomberg | Getty Images Domino’s Pizza on Thursday reported that its quarterly revenue rose 17.9%, led by more U.S. customers ordering pizza delivery during the coronavirus pandemic. But earnings fell short of expectations, hurt by higher
Britain’s Revolut has announced a new 4.5% “bonus” on top of its base annual interest rates for American savers. Revolut LONDON — As major U.S. banks have been forced to slash interest rates on high-yield savings accounts during the coronavirus pandemic, one financial technology (fintech) challenger is going in the opposite direction. Britain’s Revolut on
An apartments for rent sign is displayed outside a residential building in Hells Kitchen as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 18, 2020 in New York City. Alexi Rosenfeld | Getty Images The number of apartments for rent in Manhattan tripled in September,
Former Goldman Sachs CEO Lloyd Blankfein sees speculative elements across markets for stocks and bonds. Blankfein, a billionaire who served as Goldman’s CEO from 2006 to 2018, said Thursday on CNBC’s “Squawk Box” that low interest rates were essentially creating free money for big institutional investors. After keeping rates low for years after the 2008
Getty Images It’s no secret that 2020 has been an unpredictable year. And that uncertainty can cloud the decisions we make, especially when it comes to money. Consequently, investors and their financial advisors need to be on their guard for clouded decision making that could lead to regrets later. “It’s possible that the times have
Audience members listen as Democratic presidential nominee and former vice president Joe Biden participates in a CNN town hall event on Sept. 17, 2020 in Moosic, Pennsylvania. Drew Angerer | Getty Images Expanding the child tax credit Currently, families with qualifying children under age 17 may be eligible to claim a child tax credit of
Kirby Hamilton | Getty Images For some small-business owners, watching their larger peers file for bankruptcy may do little to ease fears about their own financial solvency. With the coronavirus pandemic continuing to take a toll on the economy, Ruby Tuesday has become the latest large restaurant chain to seek protection under the U.S. bankruptcy code.
MARLBOROUGH, MA – AUGUST 19: Sr. Jeanne Fregeau, 93, waits for her morning medication at St. … [+] Chretienne Retirement Residence. Since COVID-19 spread through the facility in April the chapel has been closed, leaving the residents to watch Mass on television. (Photo by Craig F. Walker/The Boston Globe via Getty Images) Boston Globe via
When employees make divisive or disruptive statements on political issues, employers can take … [+] careful steps to address inappropriate speech. getty Whether in conversation, social media, or sloganed political attire, divisive political expression has become conspicuous among employees. This can be disruptive to work operations or team spirit. Political acrimony can lead to legal
The expansive home is on a bluff overlooking the Potomac River Gordon Beall Sited on 16.5 acres of George Washington’s original Mount Vernon estate, River View overlooks the Potomac River from a commanding bluff. Today it is for sale for $60 million. “This was originally part of Washington’s River Farm, and was deeded to his personal
Jet skis pass by residential skyscrapers on the waterside in the Dubai Marina district in Dubai, United Arab Emirates, on Monday, June 8, 2020. Christopher Pike | Bloomberg | Getty Images DUBAI, United Arab Emirates — Ratings agency S&P forecasts an 11% contraction for the Dubai economy in 2020, with an already high debt load
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 9, 2020. Bryan R. Smith | Reuters U.S. stock index futures were modestly higher in overnight trading after the Dow posted its best day in months as investors await updates on the ongoing fiscal stimulus discussions. Futures tied
There are now 2,189 billionaires globally with a combined wealth of $10.2 trillion, as the pandemic-induced stock market rally catapulted the net worth of the world’s uber wealthy to a new high. As of July 2020, Asia-Pacific accounted for the highest number of ultra-high net worth individuals, with 831 (38%) of the super rich residing in the
SINGAPORE — With uncertainty looming over the upcoming U.S. elections in November, JPMorgan Asset Management’s Patrik Schowitz says investors should look past the “noise” and focus on the medium term instead. “On a six month view, you know, we think the cyclical view matters much, much more than … the exact noise and shenanigans around the
Finding the right financial advisor to help with your financial needs and goals can be complicated. There are so many things to consider. Many advisors use a big assets-under-management figure as a selling-point when marketing themselves to investors. However, AUM isn’t the whole story when a potential client is determining which firm is right for
U.S. President Donald Trump walks to Marine One on the South Lawn of the White House on October 1, 2020 in Washington, DC. Drew Angerer | Getty Images It appears unemployed workers won’t get another boost in their weekly benefits any time soon, after President Donald Trump pulled officials out of negotiations on a fifth
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