As workers vacated entire office buildings and left conference rooms unoccupied, the pandemic work culture began to evolve. Hundreds of...

Millions of Americans are having their credit scores adversely affected by the pandemic, as banks and finance companies modify the extension of credit. As consumers struggle to retain a fragile balance between joblessness, lower wages, and household expenses, lenders are cutting credit limits, lines of credit, and credit card charge limits. The result has been a reduction in scores for millions of Americans even though many continue to manage their credit and payments success

Millions of Americans are having their credit scores adversely affected by the pandemic, as banks and finance companies modify the extension of credit. As consumers struggle to retain a fragile balance between joblessness, lower wages, and household expenses, lenders are cutting credit limits, lines of credit, and credit card charge limits. The result has been a reduction in scores for millions of Americans even though many continue to manage their credit and payments success

COVID-19 has upended and completely altered the way we use energy. What has been conventional wisdom and consistent for decades has all...

Euphoric media reports about the housing market are starting to come into question, as the fragility of the housing market is gradually being exposed. The FHFA House Price Index revealed that housing prices nationwide rose a paltry 5.4% in the past year, with some regions seeing much slower growth. The onset of the pandemic in March brought about a flurry of stimulus efforts meant to ease the financial burden for millions of Americans. Housing was a primary concern as the une

The most recent labor statistics made available by the U.S. Department of Labor is identifying more impactful increases in unemployment in certain industries than others. Economists and analysts believe that the year-over-year increases in unemployment are attributable to the pandemic, where mandatory closures and restrictions are continuing to hinder businesses and workers nationwide. Unemployment is affecting various occupations differently, as the impact of the pandemic di

In response to the COVID-19 pandemic, American consumer choices have changed in the realm of diet, food preparation, and lifestyle...

Spending soared in May to a record 8.2%, reported by the Commerce Department, accompanied by an increase in personal income which rose...

A reduction in the use of cash may have escalated a shortage of coins throughout the country. Retail stores and grocery stores across the...

With the adoption of many work-from-home practices, global coffee consumption has seen a major decline since the onset of the pandemic....

Provisions initiated by the CAREs Act, allows for the withdrawal of retirement plan assets with waived penalties and minimized tax liabilities. During the current tax year, retirement account owners will be able to withdraw funds from 401k plans, tax deferred plans, and IRAs without any penalties. Loan limitations on company sponsored 401k plans will also be relaxed, allowing employees to take larger loan amounts. Required Minimum Distributions (RMD)s are also being waived fo

In an effort to help keep homeowners and renters suffering from financial burdens due to the pandemic in their homes, federal foreclosure and eviction moratoriums are being extended to August 31, 2020 from the original expiration date of June 30th. Government backed entities Freddie Mac and Fannie Mae, which back conforming mortgages, are formally extending the moratorium on foreclosures and evictions on single family homes. The concern is that the lenders that loaned the ac

In addition to the stimulus loan programs brought about by the CAREs Act, the Federal Reserve has introduced its own stimulus program...

States and local government entities are struggling with a dramatic and rapid drop in tax revenues following business closures and...

Equities rebounded in April, recapturing some of the losses suffered in March. Stocks were enhanced by reopening prospects and stimulus efforts targeting businesses. All eleven sectors composing the S&P 500 Index were positive in April, a strong reversal relative to March. Health Care, Technology, and Consumer Staples were among the top performing sectors for the month. The collapse in U.S. oil prices, as measured by West Texas Intermediate (WTI), drove energy related stocks

The Federal Trade Commission (FTC) posted a handful of identified scams circulating throughout the country as a result of the coronavirus...

The passage of the $2.2 trillion stimulus plan, known as the Coronavirus Aid, Relief and Economic Security Act (Cares Act), provides...

Extreme volatility appeared in the oil markets as prices fell to their lowest levels since 2002, tumbling to $20.37 (WTI) in mid-March,...

Global trade has been hindered by U.S. China trade disputes for the past two years, but the virus outbreak has nearly stalled all trade between China and its trading partners. Production delays resulting from the virus are expected to affect company earnings across a host of various industries. The disruption of established supply chains has created havoc for companies trying to maintain inventory levels to meet demand. Economic growth estimates were revised downward by the W

Over the decades, pandemics have evolved and lasted for varying periods of time, yet always culminating with the containment and/or...