Congress Told Small Business Owners are Facing Financial Ruin

Congress Told Small Business Owners are Facing Financial Ruin

#Congress #retailers #restaurants #consultants #manufactures #financial #ruin #PPP #SBA #loans #NYSE $DIA $SPY $QQQ $RUTX $VXX “From retailers and restaurants to consulting and manufacturers, small-business owners are facing a future of potential financial ruin that will make the nation’s current economic downturn last years longer than it must,” the America’s corporate leaders said in their […]

US Should Consider Forgiving All Small Business PPP Loans

US Should Consider Forgiving All Small Business PPP Loans

#Tresaury #PPP #loans #SmallBusiness #forgive #C19coronavirus #NYSE $DIA $SPY $QQQ $RUTX $VXX The federal government should weigh forgiving all “small” loans provided under the Paycheck Protection Program during the C-19 coronavirus chaos, US Treasury Secretary Steven Mnuchin said. “We should consider forgiving all small loans, but would need fraud protection,” Secretary Mnuchin told the House […]

President Trump Praised for Fast Aid/Relief Delivery to The People

President Trump Praised for Fast Aid/Relief Delivery to The People

The Congressional Budget Office (CBO) praised The Trump Administration Tuesday for organizing its agencies to deliver medical emergency aid “incredibly quickly,” which helped the country withstand the devastating economic effects of the C-19 coronavirus chaos. CBO director Phillip L. Swagel said Congress moved fast to approve its stimulus bill, while the Treasury Department and the Small Business Administration (SBA) […]

Just 38% of Small Businesses Applying for Aid Received C-19 Coronavirus Loans

Just 38% of Small Businesses Applying for Aid Received C-19 Coronavirus Loans

Almost 75% of small businesses in a survey applied for help from a federal loan program designed to keep workers employed during the C-19 coronavirus chaos, but only 38% of small businesses received any money, according to survey results the US Census Bureau released Thursday. Crude Oil extraction and mining businesses had the best success […]

Opening Up Triggers US Consumer Spending

Opening Up Triggers US Consumer Spending

$BAC Bank of America Corp. (NYSE:BAC) is starting to see consumer spending edge higher after diving on the start of the coronavirus lockdown. The beginning increase follows a 30% fall. Now it is showing up as consumers buy more groceries, restaurant meals, clothing and gasoline, Chief Executive Officer Brian Moynihan said in a TV interview Friday. […]

President Trump and GOP Lawmakers’ Powerful Efforts Will Restore the Economy Relatively Fast…

President Trump and GOP Lawmakers’  Powerful Efforts Will Restore the Economy Relatively Fast…

…The China Virus chaos took its shot at destroying the world’s Top economy quickly and failed. $DIA $SPY $QQQ $RUTX $VXX $PEP $SBUX $GOOGL $CAT $LUV GOP policymakers’ powerful aggressive response to supporting the virus-stricken US economy has also helped support stocks. Investors are looked past Q-1 corporate earnings results, with the coronavirus chaos now […]

Moderate Congressional Democrats Want Quick Deal on Small-business Coronavirus Aid

Moderate Congressional Democrats Want Quick Deal on Small-business Coronavirus Aid

Friday, 15 moderate Democrats, the Key to their party’s control of the US House of Representatives urge Speaker Nancy Pelosi (D-CA) to move quickly to replenish a fund to help small businesses hurt by the coronavirus pandemic, with “No Excuses” saying other party priorities can wait. Both Democrats and Republicans did not end the stalemate […]

The ‘Main Street’ Lending Program, Who Got the Money so Far

The ‘Main Street’ Lending Program, Who Got the Money so Far

$RUTH $SHAK Over 2 wks, the US government pledged $350-B to Main Street businesses across America desperate for cash after coronavirus lockdowns. A picture is emerging of who got the money. More than 25% of the total went to fewer than 2% of the firms that got relief. They include a number of publicly traded […]

US Aid/Relief Small Business Loans Being Approved, Money Being Dispersed Quickly

US Aid/Relief Small Business Loans Being Approved, Money Being Dispersed Quickly

By Friday, the US government had approved 661,000 loans to small businesses totaling $168-B under a program to address the fallout from the novel coronavirus pandemic. A $2.3-T economic aid/relief program enacted last month under the CARES Act allocated $349-B to loans to small businesses hurt by the health crisis that can be turned into […]

CARES Act: “Virus Aid Direct Deposits Go Out Next Week”

CARES Act: “Virus Aid Direct Deposits Go Out Next Week”

Treasury Secretary Steven Mnuchin told House Democrats that direct deposits to Americans will begin next week under the coronavirus aid/relief package. He also told the lawmakers that $98-B has been approved for small business retention under a program The Trump Administration wants Congress to bolster with another $250-B in a vote expected Thursday. The comments […]

Major Indexes Crack the Key Resistance and Fade to Flat

Major Indexes Crack the Key Resistance and Fade to Flat

$DIA $SPY $QQQ $RUTX $VXX Tuesday, the major US stock indexes finished flat to unchanged after cracking Key overhead resistances. Stocks gapped up at the open after markets across Asia and Europe had good action overnight. The sharply higher start was attributed to optimism about a potential plateau in coronavirus cases, but the Key indices […]

SBA Virus Lending Program Enhanced by Fed and Treasury

SBA Virus Lending Program Enhanced by Fed and Treasury

The Fed and the Treasury to buy debt issued by banks that lend through a $349-B government program designed to help small businesses impacted by the coronavirus. The Small Business Administration (SBA) Friday processed more than 28,000 loans through 1,200 local lenders worth $5.4-B. Now, those lenders that originated the loans will see the government […]

President Trump Will Request More Relief if Small Business Funds Not Enough

President Trump Will Request More Relief if Small Business Funds Not Enough

Saturday, President Trump said he would ask Congress for more aid/relief money to support small businesses if the funds allocated under the $2.2-T coronavirus stimulus package runs short. President Trump Tweeted Saturday: “I will immediately ask Congress for more money to support small businesses under the #PPPloan if the allocated money runs out. So far, way […]

The Coronavirus Will Change America

The Coronavirus Will Change America

$DIA $SPY $QQQ $RUTX $VXX America is at War President Trump is commanding and the nation’s governors, mayors and industry leaders are acting in concert to mobilization efforts for the major conflict. As with all major Wars, this will change how Americans think, engage with the world, and behave. Since WWII, Western leaders have embraced globalization, governed by rules for equitable competition, […]

Massive Wartime Investment in Nation Approved in Senate, House to Follow

Massive Wartime Investment in Nation Approved in Senate, House to Follow

The Senate will vote on the $2-T package later Wednesday and the House of Representatives is expected to follow suit soon after. “This is a wartime level of investment into our nation,” Republican Senate Majority Leader Mitch McConnell said in a speech announcing the pact after days of negotiations between Republican and Democratic lawmakers, Treasury […]

Tax Cuts Fuel Small Business, ‘Engine of Economy’

Tax Cuts Fuel Small Business, ‘Engine of Economy’

Tax Cuts Fuel Small Business, ‘Engine of Economy’ Small Business Administration (SBA) head Linda McMahon said Tuesday there will be tax savings for small businesses in the GOP tax reform plan, and it will be reinvested to keep fueling “the engine of our economy.” In an interview on TV the former founder, with husband Vince McMahon, […]

THE AMERICAN ECONOMY IS BACK ON TRACK

THE AMERICAN ECONOMY IS BACK ON TRACK

THE AMERICAN ECONOMY IS BACK ON TRACK The Dow Jones Industrial Average (DJIA) reached an all-time high of over 22,000, up over 4,000 points since the November 2016 Presidential election. Under The Trump Administration, consumer confidence is soaring. Strong job growth and GDP growth have caused the unemployment rate to dwindle to 4.3%, its lowest […]

Small Business Conditions Expected to Improve Under Donald Trump

Small Business Conditions Expected to Improve Under Donald Trump

Small Business Conditions Expected to Improve Under Donald Trump $DIA, $SPY, $QQQ, $VXX US President Elect Donald Trump’s victory in the US elections is a leap for small businesses, according to a survey of owners. The November reading of the National Federation of Independent Businesses’ (NFIB) small business optimism index jumped to 98.4 from 94.9 […]