Year: 2020

How Owners and Entrepreneurs Can Deal With Financial Stress

Millions of Americans have been left unemployed over the past half-year and are subsequently struggling to cover their bills and keep a roof over their heads. And for business owners, the situation is even more precarious. Unfortunately, despite fewer (if any) customers coming through the doors, businesses still have overhead that needs to be covered. Even those able to move some operations online likely still have had to contend with rent, utility and insurance costs and other financial obligations.

Additionally, some businesses may be obliged to cover the costs of supplier contracts even though they may not be able to use the items. For example, according to Reuters, the international clothing store Primark has committed to pay its suppliers $461 million for orders, despite all of its stores closing their doors in March.

Even though there have been provisions for businesses to defer payments, once they start trading again, these

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Comerica, Wells Fargo & Company, JPMorgan Chase, Bank of America and U.S. Bancorp

For Immediate Release

Chicago, IL – August 14, 2020 – Today, Zacks Equity Research discusses Major Regional Banks, including Comerica Incorporated CMA, Wells Fargo & Company WFC, JPMorgan Chase & Co. JPM, Bank of America Corporation BAC and U.S. Bancorp USB.

Link: https://www.zacks.com/commentary/1040983/low-rates-coronavirus-mar-major-regional-bank-stock-outlook

The Zacks Major Regional Banks industry includes the nation’s largest banks in terms of assets, with most operating globally. Financial performance of these banks largely depends on the nation’s economic health. As the banks are involved in a number of complex financial activities, they are required to meet the stringent regulations set by the Federal Reserve and other agencies.

In addition to traditional banking services, which are the source of interest income, major regional banks provide a wide array of financial services and products to retail, corporate as well as institutional clients, both domestic and global. The services offered include credit and debit cards, wealth management, as

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The 20 Best Online Cooking Classes That’ll Take You From Novice Chef to At-Home Pro

You don’t need to leave your home to learn how to cook, the best online cooking classes can teach you everything you need to know. Whether you don’t know how to chop vegetables or you’re trying to become the next contestant on Netflix’s Sugar Rush, you can learn both basic and advanced skills online. Even peeling garlic can be intimidating, and these classes break it down for you in the safety of your own kitchen. If you mess up, no one will know. That’s the best part about online learning vs. going in-person to a class.

The classes use videos or step-by-step written instructions and photos to help you master recipes and techniques. We found 20 different sites that offer comprehensive cooking classes, from learning how to poach eggs to creating an awe-inspiring cake that even the Cake Boss would be envious of. Speaking of professional and celebrity chefs, you

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I Thought Anonymity Was a Shield After My Sexual Assault. But Coming Forward Brought Me Back to Myself

Last year, I published Know My Name, a memoir about my experience being sexually assaulted on Stanford’s campus in 2015, the trial that followed and what I began to understand about healing and justice. For three years before the book’s release, I wrote while remaining anonymous, known only to the public as “Emily Doe.” Writing my book was like sitting at a desk inside a vast, empty dome. Every day I typed alone in the quiet, my sole job being to extricate the story. When I agreed to write a memoir, I could not guarantee that I’d reveal my identity. So from 2016 to 2019 I threaded sentences together while protected and insulated from the world, blissfully unknown. The only time my phone would ring was on Friday mornings, my editor calling to make sure I was submerged, but not sinking. She was the only person to have read

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Latinos’ health threatened by coronavirus misinformation and distrust

MEMPHIS, Tenn. — When Claudia Guzman suspected she had caught the coronavirus, her friends and family were full of advice: Don’t quarantine. Don’t get tested. A homemade tea will help cure you.

“They were saying, ‘Don’t go to the hospital,’ because supposedly, if you are admitted into the hospital, they administer the virus into your body,” said Guzman, who was born in Chicago to parents from Mexico and now lives in Memphis, Tennessee.

False claims and conspiracy theories, ranging from bogus cures to the idea that the virus is a hoax, have dogged efforts to control the pandemic from the beginning. While bad information about the virus is a problem for everyone, it can pose a particular threat to communities of people of color who already face worse outcomes from the virus.

Among Latinos in the U.S., misinformation around the coronavirus has found fertile ground because many in their communities

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As Wall Street Goes Topsy-Turvy, Crypto Traders Are Bullish as Ever

As the coronavirus takes its devastating toll on the U.S. economy, financial pros are increasingly confounded by the markets. 

The economy is in its worst shape since the early 20th century, and stocks are soaring. The U.S. government’s borrowing is expected to triple to a record $4.5 trillion this fiscal year, yet 10-year Treasury yields are close to historic lows.

You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so you don’t have to. You can subscribe here. 

Related: CME Rises in Bitcoin Futures Rankings as Institutional Interest Grows

A report Thursday showed that U.S. jobless claims fell to 963,000 last week, the first weekly figure below 1 million since March. But

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A Week In Ulster County, NY, On A $86,000 Salary

Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar.

Today: a career nanny and freelance writer who makes $86,000 per year and spends some of their money this week on Lagunitas.

Occupation: Career Nanny, transitioning into freelance writing
Industry: Household
Age: 32
Location: Ulster County, NY
Salary: $86,000 (nannying and writing combined)
Net Worth: $11,200 in savings
Debt: $12,000 in school loans, $2,700 in credit card debt
Paycheck Amount (1x/week for nannying): $1,300 cash (plus whatever freelance money I make, usually $2,000/month)
Pronouns: They/them

Monthly Expenses
Rent: $875 for a house with one housemate
Student Loans: $0 (deferred)
Car Lease: $195
Car Insurance: $75
Utilities: $75
Internet: $33
Credit Card: anywhere from $200-$450
Savings: $800
Personal Cell: $110 (on a family plan with friends,

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3 Factors That Make Hanesbrands (HBI) an Attractive Pick

Hanesbrands Inc. HBI is gaining from robust growth efforts, which have been boosting investors’ optimism. Notably, shares of the company have surged 87.8% in the past three months compared with the industry’s growth of 39.4%. Also, the stock has comfortably outperformed the Zacks Consumer Discretionary sector’s rise of 20.1% in the same time frame.

Moreover, analysts look optimistic regarding the stock’s performance. Evidently, the Zacks Consensus Estimate for 2020 earnings has improved significantly to $1.47 per share in the past 30 days.

Let’s discuss the factors that are likely to keep driving the company’s growth.

Protective Gear Business: A Key Driver

In an attempt to stay afloat amid the coronavirus pandemic, Hanesbrands developed a product line of personal protective garments. The newly-floated business resonates well with the present environment, commercial and consumer demand. Notably, the company has sold about $752 million of personal-protection garments worldwide during the second quarter of

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Walmart Shoppers Can Now Earn ‘Cryptoback’ Through StormX App

Shoppers at Walmart stores can now earn the cryptocurrency equivalent of cashback when they spend in-store. StormX, a blockchain-based loyalty rewards platform, has enabled a ‘cryptoback’ option of 4% on Walmart purchases, and up to 14% for super-users of the rewards app. The mobile and web app developed by the Seoul-headquartered StormX also supports purchases from major brands including Samsung, Target, Microsoft (NASDAQ:MSFT), and Uber (NASDAQ:UBER).

Walmart (NYSE:WMT) is the largest retail chain StormX has added to date, and is the only cryptoback rewards service currently supported by the US multinational retail corporation. “Walmart is synonymous with choice and value, and we are thrilled to further incentivize users to shop there,” said StormX CEO Simon Yu. “As the only crypto cashback program for Walmart worldwide, we are confident that users will take advantage of the rewards program to earn their favorite cryptocurrency while shopping at their favorite retailer.”

Loyalty

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New coronavirus rules spark ‘nightmare’ mass tourist exodus and holiday cancellations

Travellers arrive from a Eurostar train at St Pancras Station in London, Friday: AP
Travellers arrive from a Eurostar train at St Pancras Station in London, Friday: AP

The UK’s announcement of new quarantine restrictions for people arriving from France has prompted a last-minute rush to cancel travel plans and a mass exodus from British holidaymakers already on the continent.

From 4am on Saturday, travellers arriving to the UK from Aruba, France, Malta, Monaco and the Netherlands will be forced to self-isolate for two weeks. France warned that it will introduce “reciprocal measures” to the UK.

It has left people on both sides of the Channel scrambling to rearrange plans ahead of the new rules being introduced, with the Eurotunnel website seeing long queues as thousands of customers attempted to make or change bookings.

Polly Courtney, a London-based screenwriter and novelist, was due to drive to France on Friday morning for a family camping holiday with her two young children but was forced to

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