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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
Washington, DC… The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. However, some seniors and others who typically do not file returns will need to submit a simple tax […]
Murphys, CA…The coronavirus pandemic has affected virtually every facet of American life and severely impacted the markets and economy. Congress and the federal government have acted to help individuals and businesses get through this difficult time. Most recently, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 27, 2020. The […]
Washington, DC…Well, thank you all very much. This is a very important day. I’ll sign the single-biggest economic relief package in American history and, I must say, or any other package, by the way. It’s twice as large as any relief ever signed. It’s $2.2 billion, but it actually goes up to 6.2 — potentially […]
San Andreas, CA…In response to the COVID-19 health emergency, the Calaveras Community Foundation (CCF) has established a program to provide grants to local non-profit organizations providing support in this time of need. For more information, non-profit organizations may contact CCF via email at: info@calaverascommunityfoundation.org, or by phone: 209/736-1845. CCF is also seeking donations to help […]
Washington, DC…During the week ending March 21, the increase in initial claims are due to the impacts of the COVID-19 virus. Nearly every state providing comments cited the COVID-19 virus impacts. States continued to cite services industries broadly, particularly accommodation and food services. Additional industries heavily cited for the increases included the health care and […]
Washington, DC…U.S. Senate Majority Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding the Coronavirus Aid, Relief, and Economic Security (CARES) Act: “It has only been 65 days since the first American tested positive for the new coronavirus on our soil. “In barely two months, this pandemic has upended our […]
Sacramento, CA…Governor Gavin Newsom today announced that financial institutions will provide major financial relief for millions of Californians suffering financially as a result of the COVID-19 outbreak. “Millions of California families will be able to take a sigh of relief,” said Governor Newsom. “These new financial protections will provide relief to California families and serve […]
San Andreas, CA…Kathy Gallino, Economic & Community Development Director and Morgan Gace, CEO of Calaveras County Chamber of Commerce gave an update to the community today. Links mentioned in the video: covid19.ca.gov, instacart.com, savemart.com, covid19.calaverasgov.us, 2020census.gov, edd.gov, sba.gov, chamber@calaveras.org, 209-754-5400 (Chamber of Commerce)
Sacramento, CA…The Franchise Tax Board (FTB) announced updated special tax relief for all California taxpayers due to the COVID-19 pandemic. FTB is postponing until July 15 the filing and payment deadlines for all individuals and business entities for: 2019 tax returns, 2019 tax return payments, 2020 1st and 2nd quarter estimate payments, 2020 LLC taxes […]
Washington, DC… The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. […]
Washington, DC…The Federal Reserve is committed to using its full range of tools to support households, businesses, and the U.S. economy overall in this challenging time. The coronavirus pandemic is causing tremendous hardship across the United States and around the world. Our nation’s first priority is to care for those afflicted and to limit the […]
New York, NY…Dow Average Has Largest Point Gain in History Reversing Most of Yesterday’s Losses. The market surged into the close during the President’s Declaration of a National Emergency and he and his team addressing the nation’s Coronavirus response.
Murphys, CA…Monthly Market Update from Brian J. Tewksbury. Give him a call today at 209.890.1742.
New York NY… The markets had one of their worst days in years and oil had its worst day since the Gulf War. Demand softening with the Coronavirus affecting airline travel and travel in general combined with a price war in crude from Russia & Saudi Arabia greased the slide. The spilled oil prices led […]
Washington, DC…The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate by 1/2 percentage […]
New York, NY…The Dow Average soared to 26,703.32 +1,293.96 (5.09%). This was the largest single day point gain in history. The NASDAQ & S&P 500 all set records as well. What tomorrow holds we will see but for now it looks as if the markets are on the road to recovery even as the Coroavirus […]
New York, NY…The financial markets have opened up slightly this morning in early trading. Traders are looking for profit opportunities and the Fed was active in repos overnight as well. Have we found the bottom? Who knows but aggressive searching for footing is underway…
Angels Camp, Valley Springs & Jackson, CA…With great value, multiple filing options and easy switching — it’s better with Block. H&R Block is kicking off tax season 2020 by giving people more reasons to choose Block to prepare their taxes because, “It’s Better with Block.” This tax season, the company will continue to provide more […]
Jackson, CA…Jackson Rancheria Casino Resort raised $38,674 for local charity organizations during the 19th Annual Giving Season promotion. From November 29 through December 28, Dreamcatcher’s Club® Members were able to donate their earned points. For every $1 in points donated, guests received entries into the 19th Annual Season of Giving drawings. The Jackson Rancheria Band […]
New York, NY…Dow Opens Down Over 1,000 Points As Covid 19 Fears Spread. Much of the increased anxiety stems from a Vacaville woman who was first in US to contract the disease with no known contact with someone who had traveled to an infected area.
