The major indexes were mixed Friday, ending a fairly positive week for trading. The S&P 500 rose by 0.48%, while the NASDAQ increased by 1.3%. The Dow Jones dropped by 0.07%. The S&P 500 has gained 4% altogether in May. Occidental Petroleum had major news Friday, as the company announced that they would be reducing
Month: May 2020
All three major indexes were in the green for much of the day on Thursday. However, they all dipped into the red just before the closing bell. The Dow Jones dropped by 0.58%, while the S&P 500 fell by 0.2% and the NASDAQ closed 0.46% lower. Disney’s shares dropped on Thursday, after a statement from
Daily News Summary for Wednesday, May 27, 2020 Stocks continued to rise on Wednesday. The Dow Jones closed at 2.18% higher, the S&P 500 rose by 1.46% and the NASDAQ increased by 0.78%. Boeing laid off 6,770 employees on Wednesday. This is in addition to the approximately 5,520 voluntary layoffs who will soon be leaving
During this time of economic struggle, the number of loan applications and extensions have multiplied dramatically. Many individuals and businesses are required to take out loans in order to make it through this crisis. One loan, in particular, that is mentioned frequently is known as the ‘PPP loan’, or the Paycheck Protection Program loan. What
Late last week, the Chinese government made the surprising decision to not set a GDP target goal for 2020. The GDP, or Gross Domestic Product, is a method of measuring the economic activity and growth rate in a country. GDP uses market prices, incomes, or production of goods to determine the value. History of the
Handling finances can be daunting, whether it be for yourself or for your business. Rather than struggle through the numbers yourself, sometimes it can be easier to hire an accountant. This can be incredibly beneficial for you; however, it is important to take some time to find an accountant that will best suit your needs.
Stocks were up Tuesday after a long weekend for Memorial Day. The Dow Jones rose by 2.2%, the S&P 500 increased by 1.3%, and the NASDAQ climbed by 0.2%. The Dow Jones, the S&P 500 and the NASDAQ are all currently on track for a monthly gain in May. The S&P 500 exceeded 3000 earlier
Economists are comparing the current state of our economy to that of 2008-2009 when the stock market crashed, and the Great Recession hit. There are many similarities and differences between that time and now. Similarities between The Great Recession and Now The major similarity between the two timeframes is that unemployment is high, and the
The spread of the global pandemic known as Covid19 has brought a great level of uncertainty to many Americans. Everyday activities are being restricted, family members cannot be visited, and most events have been canceled. However, some big decisions just can’t be canceled; such as buying a house. If you are stuck and need to
When the end of post-secondary education is within sight, it can be a very exciting time for students. Graduating from college represents the passage into a new chapter of life, and usually, the start of a career. This year, however, Covid19 struck quickly and viciously, making the job outlook for new grads precarious. The Changes
Choosing accounting software for your business is very important. This is the software that will be generating invoices for clients, paying your employees, and tracking your expenses. The software needs to fit the needs of your business in order to give you exactly what you are looking for. What Do you Need? Depending on what
A fairly strong week of trading wrapped up Friday as most of the major indexes saw green. The Dow Jones was the only loss, falling by 0.04%. The S&P 500 rose by 0.24%, while the NASDAQ climbed by 0.43%. Oil prices dropped Friday after a week of gains. This was after China, the second-largest petroleum
Advertiser Disclosure When applying for insurance or a loan, it is often recommended that you have good credit in score in order to obtain a good deal. However, how does someone get a good credit score? There are many different ways to do so, some of which will be explained below. How are Credit Scores
Over the past week, several sources have reported that Tesla’s CEO and founder, Elon Musk, is going to be making moves to one of three locations: Texas, Nevada, or the latest rumor, Tulsa, Oklahoma. So where will we see them move? Things are up in the air at the moment and Electrek’s reporting by industry
GUEST POST Many small businesses are facing difficulties due to COVID-19. However, one way to ensure your company will pull through is to expand your market. Finding new clients may not be easy in these tough economic times, but it’s definitely doable with these tips. Think Outside the Box Getting creative with attracting clients can
Stocks were down Thursday after a positive day on Wednesday. The Dow Jones closed 0.41% lower, the S&P 500 fell by 0.7% and the NASDAQ dropped by 0.3%. The S&P 500 is still up by 3% for this week, even with its losses today. Thursday morning marked history in the making as the New York
It is now common knowledge that Covid19 has had a drastic impact on the manner in which we live our lives and the way that businesses operate. Most businesses have had to alter their strategies in order to accommodate safety guidelines. One of the industries most affected is airlines. Airlines and COVID-19 Covid19 has required
The optimistic start to 2020’s spring real estate market was brought to a grinding halt after the global pandemic started circulating around the United States. The short-term projections regarding real estate were bleak, as nobody was in the market to buy a home from mid-March onwards. With that being said, how do the long-term projections
With the current state of emergency in the United States, many employees have been working from home during the past few months. This has enabled companies to continue functioning while keeping their employees safe. What is the future of working from home, and how can it benefit companies? Home Workspaces On average, the rate of
The global pandemic has been altering many ways of life that we had not given much thought to before. Among other things, Covid19 has changed the way that cryptocurrency is viewed in the United States. Cryptocurrency Use Grows Many places of business are not currently allowing customers to pay with cash. This is because cash
When you decide to invest in the stock market, you will likely start paying more attention to financial news and updates. At this point, you will start hearing about index funds. What exactly are index funds, and how do they relate to a market index? What are Index Funds An index fund is a mutual
Stocks rose on Wednesday, as many companies hit a record high. The Dow Jones rose by 1.67%, while the S&P 500 climbed up by 1.67%, and the NASDAQ gained 2.08%. All the major indexes have gained over 3% for this week so far. Lowe’s released a sales report showing that their sales had increased by
Covid19 has brought strive and financial hardship to millions of people worldwide. Many individuals and industries are suffering, and this may continue for some time to come. Certain industries have been hit harder than others, but altogether unemployment in the United States hit 14.7% in April, the highest since the Great Depression in 1929. Leisure
The latest news of companies struggling financially during the global pandemic has come from the United States wineries. With the reduction in purchases and forced closures of facilities, wineries have been feeling the intense pressure of trying to stay afloat during this crisis. The Wine Loss Situation Wineries make much of their revenue by on-site
Major indexes were down on Tuesday, ending their positive streaks. The Dow Jones dropped by 1.6%, while the S&P 500 was down by 1%, and the NASDAQ closed 0.5% lower. The Congressional Budget Office released new economic projections Tuesday. Social distancing measures are expected to remain in place for the foreseeable future. These measures will
Since the outbreak of the global pandemic in the United States, businesses of all kinds have been majorly affected. One of these less talked about businesses that have been affected are colleges. Colleges have worked hard and swiftly to adapt to the new way of life, but they have lost a significant portion of their
The stock market jumped substantiality on Monday, with the S&P 500 climbing 3.2%, the Dow Jones rising 3.9%, and the NASDAQ increasing by 2.4%. This is the highest that the Dow Jones and the NASDAQ have been in almost three weeks and the highest that the S&P 500 has been in more than 10 weeks.
When people buy a home for the first time, they will resign themselves to the fact that they have a long road of mortgage payments ahead of them. A typical mortgage term is 25 years long. It can be pretty intimidating to think about paying it off before then because that could involve hundreds of
The global pandemic has brought hardship to businesses and individuals alike. Even large retailers who have been around for decades have not been spared. The reduction in all factors such as customer demand, frivolous spending, and travel outside the home has resulted in many such companies declaring bankruptcy. List of Companies So far, the list
America is a country full of hard-working individuals who do their part to keep the economy operating smoothly. However, sometimes it can get frustrating working day after day and not pulling ahead financially. Looking at some of the financial habits of self-made millionaires might give an indication of how they have managed to achieve their