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The Democrat Tax Plan Would CANCEL Trump-Era Gains and HARM the Economy

The Democratic Party’s nominating convention made history by being the first without anyone actually convening because of the coronavirus pandemic. In the new age of social distancing, the Democrat theme was “uniting America.” An ironic undercurrent of that theme was what Fox Business News reporter Ed Rensi describes as “a harmful policy agenda that would … Continue reading “The Democrat Tax Plan Would CANCEL Trump-Era Gains and HARM the Economy”

The U.S. Dollar is Holding its Own as the World’s Leading Currency

The U.S. Dollar Index, a measure of the value of the dollar relative to the currencies of U.S. trade partners fell from its March 2020 rating of 102 to its current value of about 93. March, of course was the beginning of the coronavirus pandemic. Currency traders measure the index in small-point increments and the … Continue reading “The U.S. Dollar is Holding its Own as the World’s Leading Currency”

Are You Getting the Extra Weekly Unemployment? It Depends on Your State

After Congress failed to reach an agreement on a fourth coronavirus stimulus package earlier this month, President Donald Trump took it upon himself to sign several executive orders that would help Americans get by in the meantime. One of those executive measures – the Lost Wages Grant – was an order to help bolster unemployment … Continue reading “Are You Getting the Extra Weekly Unemployment? It Depends on Your State”

Do You Owe the IRS Money? Don’t Cut the Check Just Yet…

The United States Postal Service (USPS) has an old saying, “Nothing stops the mail.” And for the most part, it’s true – even when not all mail is good mail. On this note, many Americans have been walking out to their mailboxes this summer to a very unsettling piece of mail: A letter from the … Continue reading “Do You Owe the IRS Money? Don’t Cut the Check Just Yet…”

U.S. Economy Stands Its Ground As Others Falter

Buoyed by the growth strategies of the Trump Administration, the U.S. economy posted remarkable gains in July as other countries struggled to find traction. According to the Wall Street Journal, manufacturing and service indexes reached an 18-month high of 54.7. The measure, which tracks manufacturing expansion or contraction, improved from 50.3 in June. Under the … Continue reading “U.S. Economy Stands Its Ground As Others Falter”

Study: 22% of Americans are MORE Well Off in the Pandemic Era

While much of the focus during this pandemic has been on hardships that Americans have faced in the way of job loss, suspension of businesses and financial insecurity, a new study conducted by MassMutual Select indicates that nearly a quarter of Americans have become more financially well off during these times. Specifically, the survey states … Continue reading “Study: 22% of Americans are MORE Well Off in the Pandemic Era”

Is There a Disconnect Between the Stock Market and Our Economy?

As US businesses go under and unemployment claims surge, why does the Stock Market behave as if nothing is wrong? The short answer is that the New York Stock Exchange is not the economy. The more complicated answer is that, well, the stock market is like a smoky mirror image of how the economy is … Continue reading “Is There a Disconnect Between the Stock Market and Our Economy?”

Are You Eligible for a Health Insurance Rebate?

Two billion dollars. That’s the aggregate amount of health care rebates in 2020 that is expected to be paid back to plan holders over the coming months – and it’s about twice as much as it was one year ago. In fact, this year’s health insurance premium rebates could set a record for what gets … Continue reading “Are You Eligible for a Health Insurance Rebate?”

Recovery: Weekly Jobless Claims Fall Below 1 Million for the First Time Since March

U.S. weekly jobless claims clocked in at 963,000 in mid-August, showing the lowest numbers of initial filings since March 14. While the number of jobless claims has been dropping since that time, CNBC reports the numbers fell well below Wall Street estimates of 1.1 million. Continuing claims total around 15.5 million, down 600,000 from that … Continue reading “Recovery: Weekly Jobless Claims Fall Below 1 Million for the First Time Since March”

All Industry Eyes Are on Disney’s ‘Mulan’ Remake

There’s no question that certain industries have been hit harder than others throughout this pandemic. And while restaurants, hospitality and transportation all seem to soak up most of the attention, movie theaters are another venture that cannot be ignored. When the pandemic began to ripple throughout America, Hollywood delayed practically all of its scheduled releases. … Continue reading “All Industry Eyes Are on Disney’s ‘Mulan’ Remake”

The Stock Market Hit An All-Time High Despite the Pandemic

Those who thought the Stock Market was in a catastrophic free fall last March and decided to bail should have stuck around. Stocks are at an all-time record high of 27,000 in early August. So, those who figured their 401(k) retirement funds were down the drain are now smiling with relief. Who would have figured … Continue reading “The Stock Market Hit An All-Time High Despite the Pandemic”

New York Population Exodus Accelerates as Companies Are Overloaded

When the coronavirus shut down New York City, the number of real estate sales dropped by 54 percent and the median price fell to “a mere” $1 million. So, if you want to buy a home on, say, Manhattan Island, plan on shelling out around $1,550,000. Want to sell? Well, the price drops to $945,500. … Continue reading “New York Population Exodus Accelerates as Companies Are Overloaded”

Ask the Experts: How to Spend a Second Stimulus Check

Congress is in a bit of a impasse right now as Democrats and Republicans bicker over a fourth coronavirus relief bill, and the lack of progress between the two parties was evident over the weekend when President Trump signed several executive orders to boost unemployment benefits and offer other protections in the meantime. While the … Continue reading “Ask the Experts: How to Spend a Second Stimulus Check”

How the Pandemic is Ruining Everyone’s Retirement Plans

It’s no secret that the COVID-19 pandemic has had a major impact on the American economy. Unemployment topped off at an unprecedented 14 percent in March 2020. Fortunately, it bounced back to about a 10 percent national level according to a July 17, 2020, Bureau of Labor Statistics report. One outcome could be that many … Continue reading “How the Pandemic is Ruining Everyone’s Retirement Plans”

Stock Market Peaks and Plummets as Lawmakers Delay COVID-19 Relief Package

As the Dow continues its recovery, the NASDAQ hits a new record, and the S&P 500 continues to recover its pandemic-prompted losses, the coronavirus pandemic continues to cast a shadow over the U.S. equity markets. Flare-ups of COVID-19 continue to inject negativity after an unprecedented market rebound from the March 2020. Market analysts hope for … Continue reading “Stock Market Peaks and Plummets as Lawmakers Delay COVID-19 Relief Package”

U.S. Manufacturing SURGES, Trade Deficit NARROWS Despite Pandemic

Despite a seemingly uneven recovery from the pandemic, U.S. manufacturing posted a 15-month high-water mark in July. On Aug. 3, the Institute for Supply Management released its topline manufacturing measure known as the Purchasing Managers’ Index (PMI). The benchmark exceeded expectations by posting a reading of 54.2 in July. Figures above 50 point to growth … Continue reading “U.S. Manufacturing SURGES, Trade Deficit NARROWS Despite Pandemic”

A Second Round of Stimulus Checks Are Coming — Are You Eligible?

As congressional leaders meet with Treasury and White House negotiators, they are hoping to hammer out an agreement on phase four of the coronavirus relief package. As of Friday, August 1, negotiations were stalled in a partisan stalemate. Democrats want to continue the $600 unemployment payment, plus another $1 trillion to state and local governments: … Continue reading “A Second Round of Stimulus Checks Are Coming — Are You Eligible?”

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