Tag Archives for " small business "

U.S. small businesses face mass closures without more pandemic aid – Reuters

U.S. small businesses face mass closures without more pandemic aid - Reuters 1

Colt now fears she may have to shutter her business permanently. Many small businesses nationwide are reaching similar breaking points in an economy with the highest unemployment rate since the Great Depression. Small firms have survived the pandemic so far with a mix of government aid, forbearance on debt and rent and creativity in selling to an increasingly homebound and financially distressed populace.

As the first wave of U.S. aid runs short – and landlords and lenders lose patience – lawmakers are in tense negotiations over a new round of stimulus, which could include more money for small business.

Source: U.S. small businesses face mass closures without more pandemic aid – Reuters

Today’s Top Stories: April 22, 2020

Today’s Top Stories is brought to you by My Daily Grind News.

Coronavirus update:

April 22, 2020 COVID-19 pandemic map

2,593,129 confirmed infections, up from 2,501,156 yesterday.
179,725 confirmed deaths, up from 171,810 yesterday.

Relevant COVID-19 stories:


Republican-led Senate panel backs assessment that Russia interfered in 2016 to help Trump

Oil Surges As Trump Orders U.S. Navy to ‘Shoot Down’ Iranian Ships if They ‘Harass’ American Vessels

Editorial: Well, that’s a pretty good way to drive oil prices up. The only problem is that suppliers have nowhere to send the oil they are producing — there just isn’t any demand for it as industry isn’t using much and people aren’t driving to work.

Economy Update:

Editorial: More people need a second stimulus check. Oil price plunge signals world-wide aggregate demand shift, and weekly jobless claims report is coming out tomorrow.

Expect another bad week as we pass 10 percent unemployment and flirt with 15 percent.

And it’s only going to get worse. Expect a second wave of outbreaks as some states relax their shelter-in-place directives.

Today's Top Stories: April 22, 2020 3

Upcoming economic reports this week:

  • Tuesday – Existing home sales. Current: 5.27 million, Previous: 5.76 million, DOWN half a million.
  • Thursday – Weekly jobless claims
  • Thursday – New home sales
  • Friday – Consumer sentiment index

Source: https://www.marketwatch.com/tools/calendars/economic

Relevant Economy stories:

Learn how to turn your hobbies into hustles – check out Gig Economics.

Offbeat Story of the Day:

“Florida man…” – Felon Claimed Choking Was A Demonstration | The Smoking Gun

APRIL 21–An ex-con arrested for allegedly hitting and choking his girlfriend told Florida cops that he was not actually attacking the woman, but rather demonstrating “how I was previously arrested for domestic battery,” according to a court filing.

Police charge that William Shumaker, a 36-year-old convicted felon, “repeatedly choked his girlfriend of two years around her throat with both hands.” The alleged attack took place Sunday afternoon in the parking lot of a St. Petersburg convenience store.

A witness, cops say, observed Shumaker “striking and choking the victim multiple times.”When officers approached Shumaker, he reportedly “spontaneously stated ‘I was showing her how I was previously arrested for domestic battery.’” The purported demonstration, cops noted, left the woman with “multiple red marks on her left neck consistent with hand prints.”

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