The COVID-19 pandemic has fanned public concerns that the coronavirus could be transmitted by handling cash, according to a recent report by the Switzerland-based Bank of International Settlements, prompting merchants and members of Congress to contemplate more sanitary, hands-off digital payment systems. Although the BIS report says the scientific evidence suggests the probability of coronavirus […] Read more

Social-distancing measures and business closures have significantly disrupted consumer spending habits. While this has created a period of uncertainty for many, ecommerce has instead been trending in a positive direction. The buying habits that have been changing are unlikely to suddenly shift back to what they once were, even after things “get back to normal.” Because […] Read more

Appearing remotely on Sunday’s Face the Nation, St Louis Federal Reserve Bank Chairman James Bullard indicated that the Fed has no idea, really, just how bad the Coronavirus Contraction is going to get. Asked by Margaret Brennan about his team’s prediction that “47 million Americans could lose their jobs,” bringing the unemployment rate up to 32%, […] Read more

Appearing remotely on Sunday’s Face the Nation, St Louis Federal Reserve Bank Chairman James Bullard indicated that the Fed has no idea, really, just how bad the Coronavirus Contraction is going to get. Asked by Margaret Brennan about his team’s prediction that “47 million Americans could lose their jobs,” bringing the unemployment rate up to 32%, […] Read more

Of course the health and wellness of all Americans is the priority in most peoples minds right now, however, the economic impacts of COVID-19 cannot be ignored. Just how soon can we expect the economy to rebound once the worst of the COVID-19 outbreak is over? Some economists are saying it could be quicker than […] Read more

The Dow Jones Industrial Average dropped over 2,000 points on Monday. It was the worst one-day point decline ever for the Dow, prompted mostly by fears over the spreading coronavirus, and a concurrent large drop in oil prices. Shortly after opening, the New York Stock Exchange paused trading after the markets dropped more than 7%. […] Read more

President Trump has revealed some details of his comprehensive plan to deal with the potential negative economic impacts of the spread of the coronavirus. Earlier this week, the President spoke about his administration’s economic plan to help airline and cruise ship industries, he also said that his plan will include a payroll tax cut and […] Read more

According to the nonpartisan Tax Policy Center, Joe Biden’s tax plan would raise taxes by $4 trillion over the coming decade, mostly paid by wealthier taxpayers. That is a startling high figure. Even higher than what taxes would have increased under Hillary Clinton’s tax plan, when she was running in 2016. The same group, projected […] Read more

Even though the economy is generally doing well right now, any kind of small business is always pushed to do more –with less. Even in good times, the best way to add more to the bottom line is to streamline – but the challenge there is always “how do I cut costs, and not compromise […] Read more