Month: July 2020

During its third quarter earnings results on Thursday Apple said that the company’s shareholders approved a four-for-one stock split. Stock splits are cosmetic, meaning they do not change anything about a company’s underlying fundamentals. They can lead to renewed interest from smaller investors by making the shares — which are now cheaper — more accessible.
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Cash-strapped entrepreneurs who took a federal Paycheck Protection Program loan and are running out of funding may get a second infusion of liquidity. The Senate’s HEALS Act,  the Republican proposal for another round of coronavirus relief funding, includes a measure that would permit certain small-business owners to borrow from the program a second time. Sens.
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             Senator Cornyn (R-TX) and a bipartisan group of Senators (including Chairman Grassley (R-IA) and Ranking Member Wyden (D-OR) of the Finance Committee) introduced legislation, S. 3162, the “Small Business Expense Protection Act,” a few weeks ago that would clarify that businesses that receive a loan from the Paycheck Protection Program (PPP) – and the loan
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Commissioner of U.S. Food and Drug Administration Dr. Stephen M. Hahn testifies before the House Committee on Energy and Commerce on the Trump Administration’s Response to the COVID-19 Pandemic, on Capitol Hill in Washington, DC, June 23, 2020. Kevin Dietsch | Pool via Reuters The Food and Drug Administration would authorize a coronavirus vaccine so
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Throughout the Covid-19 crisis, White House coronavirus advisor Dr. Anthony Fauci has become a household name and the unofficial face of fighting the pandemic. And now he has his own trading card.  The president of the National Institute of Allergy and Infectious Diseases threw the first ceremonial pitch for Major League Baseball’s 2020 season on
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CNBC’s Jim Cramer said President Donald Trump’s Thursday morning tweet that suggested delaying the November election could cause problems for equity investors.  “It sows chaos, and chaos is bad for the stock market,” Cramer said on “Squawk on the Street.”  Dow futures extended their fall slightly in the wake of Trump’s tweet. They then made
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The coronavirus shutdown can be the perfect opportunity for you to to become an entrepreneur, according to best-selling author Patrice Washington.  Washington lost her real estate business in 2008 and spent the next decade building a new career helping others with their finances. She is also the host of “The Redefining Wealth Podcast.” The 39-year-old
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getty Continued economic uncertainty associated with the COVID-19 pandemic is concerning to Americans of all ages, especially those living in retirement. Below we address four questions retired investors are asking about ways to optimize their planning in the months ahead. 1. Should I waive my RMDs? The Coronavirus Aid, Relief, and Economic Security(CARES) Act—the $2
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Larry Culp, CEO, General Electric Scott Mlyn | CNBC General Electric reported on Wednesday a revenue figure for the second quarter that slightly beat analyst expectations, sending the stock higher. However, the industrial giant’s bottom line took a bigger-than-expected hit as the company weathers the coronavirus pandemic.  Here’s how the company’s results compared to analyst expectations:
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