Markets Off Big on Tech Leader Testimony & Virus Concerns
New York, NY…Markets Off Big on Tech Leader Testimony & Virus Concerns.
PayPal Will Enable Cryptocurrency as Funding Source for Digital Commerce
San Jose, CA…The migration toward digital payments and digital representations of value continues to accelerate, driven by the COVID-19 pandemic and the increased interest in digital currencies from central banks and consumers. PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the launch of a new service enA new service from PayPal allows its customers to buy, hold and […]
Retail Sales Have Recovered & Now Running Above Pre Covid-19 2019 Numbers
Washington, DC…The U.S. Census Bureau announced the following advance estimates of U.S. retail and food services sales for September 2020: Advance estimates of U.S. retail and food services sales for September 2020, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $549.3 billion, an increase of 1.9 percent (± […]
Let Carol at Michalek Insurance Services, CA Lic #0H98718, Plan Today for Your Tomorrow! 209.200.1901 or 209.795.2872
Arnold, CA…I am passionate about helping my clients protect their families and their assets utilizing various insurance products. Call 209-200-1901 and we can go over your insurance needs or setup an appointment. We Carry Life, Auto, Home, Renters, Umbrella, Disability, Earthquake. Commercial. Classic Auto. Workers Comp. Dental & Vision, Medicare Supplement. The driving force behind […]
Let Michalek Insurance Services, Planning Today for Your Tomorrow! 209.200.1901
Arnold, CA…I am passionate about helping my clients protect their families and their assets utilizing various insurance products. Call 209-200-1901 and we can go over your insurance needs or setup an appointment. We Carry Life, Auto, Home, Renters, Umbrella, Disability, Earthquake. Commercial. Classic Auto. Workers Comp. Dental & Vision, Medicare Supplement. The driving force behind […]
Mark Twain Medical Center has a New Manager of Philanthropy
San Andreas, CA…Local active Community member selected to fill the role of Hospital fundraising San Andreas- September 25, 2020- Mark Twain Medical Center has announced that after a competitive and thorough search they have successfully hired the new Manager of our Philanthropy Department. Charanjit Singh (CJ) will be responsible for developing and directing all aspects […]
Census Bureau Reports that Household Income Was Highest Ever at $68,703 in 2019.
Washington, DC…The U.S. median household income was $68,703 in 2019, 6.8% higher than in 2018, according to U.S. Census Bureau statistics released today. That’s the highest median U.S. household income since they began recording it. But the COVID-19 pandemic affected who responded , potentially biasing the estimate upward. So, was household income last year really […]
Market Month for August, 2020 ~ From Brian J Tewksbury
Murphys, CA…The Markets as of market close August 31, 2020. The positive run for stocks continued in August as the major market indexes regularly reached all-time highs. While investors remained bullish toward equities, it wasn’t always clear why. Although the economy is gradually picking up steam, it has a ways to go to reach its […]
Market Month for July 2020 ~ FromBrian J Tewksbury
Murphys, CA…The Markets as of market close July 31, 2020. Stocks posted gains in July in spite of gloomy news on the economic and pandemic fronts. Investors continued to trust equities despite the gross domestic product falling nearly 33.0% in the second quarter, mixed quarterly corporate earnings results, emerging pandemic hot spots, growing unemployment claims, […]
Gross Domestic Product, 2nd Quarter 2020 Drops 32.9%, U.S. Economy Shrinks By Almost a Third
Washington, DC…Gross Domestic Product, 2nd Quarter 2020 (Advance Estimate) and Annual Update. Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent. The […]
Your Local H&Block Office is Open Ready to Serve!
Angels Camp, Valley Springs, Ione & Jackson, CA….Your Local H&Block Office is Open Ready to Serve!
Cares Act May Offer Welcome Relief to Retirement Account Owners ~ From Brian Tewksbury
Murphys, CA…Cares Act May Offer Welcome Relief to Retirement Account Owners Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, or retirement advice or recommendations. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to […]
Official George Floyd Memorial Fund Sets Records, Now at $13,682,100!
Minneapolis, MN….The GoFundMe fundraising account for George Floyd’s family has set fundraising records! When the offline contributions are combined with the online his family has now raised over $14,000,000. Click on the image below to go to the fundraiser. From the GoFundMe profile…”On May 25, 2020, my life shattered as I learned of the tragic […]
Your Local H&Block Office is Providing Help as July 15 Filing Deadline Approaches
Angels Camp, Valley Springs, Ione & Jackson, CA….Your Local H&Block Office is Open Ready to Serve! In the past few months, we’ve changed the way we work. We’ve changed the way we live – shopping for groceries online, staying six feet apart in checkout lines, and helping kids with homeschooling. We’ve changed the way we […]
2.5 Million Jobs Returned in May, Unemployment Drops to 13.3 Percent!
Washington, DC…Total nonfarm payroll employment rose by 2.5 million in May, and the unemployment rate declined to 13.3 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected a limited resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and […]
Weekly Jobless Claims Drop to 1,877,000. Still High But Dropping Steadily
Washington, DC…COVID-19 Impact The COVID-19 virus continues to impact the number of initial claims and insured unemployment. This report includes information on claimants filing Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation claims. In the week ending May 30, the advance figure for seasonally adjusted initial claims was 1,877,000, a decrease of 249,000 from the […]
Your Local H&Block Office is Open Ready to Serve!
Angels Camp, Valley Springs, Ione & Jackson, CA….Your Local H&Block Office is Open Ready to Serve!
Market Month for May 2020 from Brian J. Tewksbury
Murphys, CA…The Markets (as of market close May 29, 2020) May saw several states and foreign countries ease restrictions put in place in response to the COVID-19 pandemic. As economies slowly picked up momentum, investors grew more confident in stocks, driving values higher. However, investor optimism was kept in check by sobering economic reports and […]
Rate Of Unemployment Claims Growth Slows, However 2,981,000 Initial Claims Filed Last Week
Washington, DC…In the week ending May 9, the advance figure for seasonally adjusted initial claims was 2,981,000, a decrease of 195,000 from the previous week’s revised level. The previous week’s level was revised up by 7,000 from 3,169,000 to 3,176,000. The 4-week moving average was 3,616,500, a decrease of 564,000 from the previous week’s revised […]
Mnuchin on Toll Coronavirus Pandemic is Taking on US Economy
Washington, DC…Treasury Secretary Steven Mnuchin joined Chris Wallace yesterday in an interview on ‘Fox News Sunday. He discussed the toll Covid-19 is having on economy and what additional steps may be taken to help the economy recover.
Worst Single Month Jobs Report in History as Unemployment Soars to 14.7 Percent
Washington, DC…Total nonfarm payroll employment fell by 20.5 million in April, and the unemployment rate rose to 14.7 percent, the U.S. Bureau of Labor Statistics reported today. The changes in these measures reflect the effects of the coronavirus (COVID-19) pandemic and efforts to contain it. Employment fell sharply in all major industry sectors, with particularly […]
Governor Newsom Announces Enhanced Workers’ Compensation Benefits & Extends Property Tax Deadliness
Sacramento, CA…As California prepares to enter Stage 2 of the gradual reopening of the state this Friday, Governor Gavin Newsom today announced that workers who contract COVID-19 while on the job may be eligible to receive workers’ compensation. The Governor signed an executive order that creates a time-limited rebuttable presumption for accessing workers’ compensation benefits applicable […]
Monthly Market Update for The Markets (as of market close April 30, 2020) ~ Brian J. Tewksbury
Murphys, CA…The Markets (as of market close April 30, 2020) April began on a sour note for stocks as each of the indexes listed here lost value. Economic reports reflected the negative impact of the COVID-19 pandemic. There were more than 700,000 jobs lost in March while total claims for unemployment insurance benefits soared to […]
The Fed Keeps Rates Near Zero, Will Use All Tools in Toolbox on Economy
Washington, DC…The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The coronavirus outbreak is causing tremendous human and economic hardship across the United States and around the world. The virus and the measures taken […]
GDP Dropped 4.8% in First Quarter According to Advance Estimate
Washington, DC…Real gross domestic product (GDP) decreased at an annual rate of 4.8 percent in the first quarter of 2020 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2019, real GDP increased 2.1 percent. The GDP estimate released today is based on source data […]
S&P CoreLogic Case-Shiller Index Shows Annual Home Price Gains Increased To 4.2% In February
New York, NY…S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for February 2020 show that home prices continue to increase at a modest rate across the U.S. More than 27 years of history are available for these data series, […]
Funding Option Updates from the Calaveras Chamber
San Andreas, CA…Today launches the second round of funding available for small businesses that was passed through legislation on Friday. While glitches or delays are expected, if you were not able to apply for the Economic Injury Disaster Loan or the Paycheck Protection Program prior to them shutting it down, know that you can apply […]
What the CARES Act Means for You ~ From John Krutsinger, Edward Jones
Murphys, CA…What the CARES Act Means for You! Click the images below for a larger version…. John Krutsinger Edward Jones financial 178 Big Trees Road Suite A7, Murphys, CA 95247 Phone (209) 728-8923 How We Work Together As an Edward Jones financial advisor, I believe it’s important to invest my time to understand what you’re […]
The SECURE Act Hopes to Make Retirement More Secure from Brian J. Tewksbury
Murphys, CA…The SECURE Act Hopes to Make Retirement More Secure. Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, or retirement advice or recommendations. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be […]
Slight Uptick in Jobless Claims to 6,648,000 for Latest Week
Washington, DC…The COVID-19 virus continues to impact the number of initial claims. Nearly every state providing comments cited the COVID-19 virus. States continued to identify increases related to the services industries broadly, again led by accommodation and food services. However, state comments indicated a wider impact across industries. Many states continued to cite the health […]