As the world tumbles toward recession as a result of the coronavirus pandemic, the Trump Administration and the Federal Reserve are leaning into an unusual financial strategy in hopes of jump-starting the US economy: negative interest rates. What Are Interest Rates?
The COVID-19 pandemic has ground the American economy to a halt. Lockdowns, which are necessary for slowing the spread of the coronavirus, have put millions of people and small-businesses out of work. To address this issue, the U.S. government passed the CARES Act, which supplied eligible Americans...
For those who are nearing retirement, the recent volatility of the market has been especially unsettling. The Dow Jones Industrial Average has plunged almost 30% over the last few weeks causing those with 401ks to worry about their retirement savings. The consequence of not having enough money...
How Large Companies Qualified and What Will Happen to The Money The beloved salad chain, Sweetgreen, announced on Thursday that it will be returning a $10 million loan it received through the Paycheck Protection Program. The company says it has recognized that it was...
The government has been rolling out stimulus checks in an effort to activate the economy and to help Americans deal with the current economic downturn. However, because of a legal loophole in the stimulus package, debt collectors are allowed to garnish stimulus payments. What...
On Friday morning, China's National Bureau of Statistics announced that the nation's economy had contracted by 6.8 percent in the first quarter of 2020. The shocking news ends a period of unrestrained growth dating back to 1976. For nearly half a century, China has enjoyed impressive...
According to a survey conducted by Atomik Research that was commissioned by Freedom Debt Relief, 30% of people say they are likely to miss a student loan payment in the next six months because of financial strain from the coronavirus. If you have student...
Just one day after suspending operations and announcing the league did not plan to return for the 2021 season, the XFL’s parent company filed for Chapter 11 bankruptcy. The filing, officially made by Alpha Entertainment, listed the XFL with assets and liabilities each in the range of...
When setting up a nonprofit organization, the main aim is to conduct activities that can be of assistance to certain groups within society. Apart from the purpose, the ownership, structure, recruitment, and finances of a nonprofit organization are undoubtedly different from those of a for-profit organization. However,...
error: Alert: Content is protected !!