Since we were considered a vital manufacturing business, we were lucky we could keep working, but other businesses were not so lucky. Those businesses had to close, work less hours, etc., but fortunately the PPP program saved many from failing.
This program has done what the federal government intended it to do. Companies were able to pay their employees. Therefore, state and federal withholding payroll taxes were paid. The employees could spend that money to help the state get more sales tax. This also enabled employers to keep people employed, therefore lowering the unemployment burden on the state.
Many things are taking place:
Reflation and Rotations: Cramer's 'Mad Money' Recap (Tuesday 2/23/21) - TheStreet
Sometimes the jargon on Wall Street can be confusing, Jim Cramer told his Mad Money viewers Tuesday. That's why Cramer has dedicated himself to decoding and demystifying the investing gibberish to put things into plain English for everyday investors.
But what does "inflation" really mean? Cramer explained it's an erosion in value of money. Money is worth less in the future. That means those future earnings from the high-flying electric vehicle SPACs are now worth a lot less.
My job ended our 401(k). How do I invest the money? - nj.com
Q. My job discontinued my 401(k) and sent me the money in a check. How do I invest it for my retirement? I'm 54 years old.
* * *
For your situation, the first thing to do is to open an IRA rollover account with an investment custodian, said Nicholas Scheibner, a certified financial planner with Baron Financial Group in Fair Lawn.
"You'll want to deposit those funds into that account as soon as possible to avoid any taxation on the funds," he said.
Jerome Powell Sees Easy-Money Policies Staying in Place - WSJ
WASHINGTON—Federal Reserve Chairman Jerome Powell reaffirmed the central bank's commitment to maintaining easy-money policies until the economy has recovered further from the effects of the coronavirus pandemic .
"The economy is a long way from our employment and inflation goals," Mr. Powell said in testimony to the Senate Banking Committee, a statement he has repeated in recent weeks.
While you're here, how about this:
BlackRock bond expert explains where not to put your money right now
In light of the pace of Covid-19 vaccine rollouts and potentially hefty fiscal stimulus in the U.S., the BlackRock Investment Institute is opting for a more risk-on approach in 2021.
The U.S. investment house on Monday announced that it had downgraded government bonds to underweight and credit to neutral, while upgrading equities. To go "underweight" is to hold less of an asset than benchmark indexes, implying a belief that the asset will underperform.
New legislation could mean more money for Kansas businesses
WICHITA, Kan. (KSNW)- New legislation could mean more money for Kansas businesses that were shut down and restricted during the pandemic.
It started as a lawsuit. Owner of Fitbody Bootcamp and Omega Bootcamps Inc, Ryan Floyd filed a lawsuit against the state of Kansas in December of 2020.
Floyd’s lawyer, Ryan Kriegshauser, and his partner Josh Ney presented the compensation package to the Tax Senate Committee Tuesday.
Opinion: The days of easy money in the stock market are now over - MarketWatch
CCIV was up 500% from when it went public as a blank-check company, and today the stock market has wiped half of what its market value was perceived to be Monday at noon. This is a stock that I had warned about earlier this month as one of the many " Random Number Generators " (RNGs) that should be avoided. People and institutions who had for weeks been buying CCIV at $40, $50, $60 or even $70 per share have suddenly seen a huge wipeout of value.
They're now, maybe, looking around at their other RNG SPACs and wondering if they should actually look at the valuations.
There Is Still Money to Be Made on the Reopening Trade
Macau casino stocks jumped on Tuesday by their most in nearly two-and-a-half months after the gambling hub reopened its doors to quarantine-free travel from mainland China. U.K.'s travel and entertainment shares soared after Prime Minister Boris Johnson announced plans to reopen the economy.
Korean travel agencies climbed on Wednesday as the country's first shipments of AstraZeneca's Covid-19 vaccines began while Japanese transportation stocks also gained on speculation that pandemic restrictions will be eased.
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