Finance
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The SARS-CoV-2 pandemic is changing the world, especially the job market. Industries that revolve around a high amount of face-to-face traffic and can’t adapt to change are going bankrupt. As reported by CNN on Tuesday, May 5, Airbnb is just one of the most recent companies forced to cut their workforce because of revenue losses […]
The IRS wants stimulus money back. The agency said this week they sent out checks to people that are deceased. In a rush to get all the checks out for people who need it during COVID-19. The agency said that they sent out checks for people who had filed within the past two years. Including […]
Have you noticed your credit card account being closed within the last 30 days? Or, your credit limit being cut with a credit card? A new report from CompareCards The results showed that nearly 50 million American credit card holders said they have had their credit limit slashed or their card closed in the past […]
City of Rochester News Release Mayor Warren Announces City Personnel Reductions to Protect Essential Services Due To COVID-19 Over $2.1 Million in Savings Generated by 403 Changes, Including Furloughs, Work Sharing and Layoffs Notable Details Include: – Uniformed members of the Rochester Police and Fire Departments as well as the Emergency Communications Department are Unaffected […]
On Tuesday, April 28, one of President Donald Trump’s senior economic advisers, Kevin Hassett, informed CNN’s Poppy Harlow that he foresees a 16 to 20 per cent spike in unemployment by the start of June. This level of unemployment is equivalent to what people experienced during the Great Depression from 1929 to 1939. Countries around […]
Wanna to take a look at your credit report? Now you can! And for free, for the next 12 months. Equifax, Experian and TransUnion are all working together to allowing consumers to check their credit report weekly for free until April 2021, on Annualcreditreport.com . Why now? According to Bruce McClary a National […]
When I was out to get groceries yesterday, I couldn’t help but see the long car lines for Starbucks. Nothing against Starbucks, but I’m more of a Dunkin’ Donuts guy. So when I got home, I found out that Starbucks had closed over 15,000 of it stores in the US starting back on […]
Mayor Lovely Warren will make a budget proposal announcement by May 15 to meet the City of Rochester’s June 1 budget deadline for 2021. Given the economic crisis caused by the SARS-CoV-2 pandemic, Mayor Warren is expected to announce worker layoffs. Although the city normally employs approximately 3,000 workers, an unknown number of “non-essential” workers […]
Hospitals in New York state should soon receive the help that they need to combat SARS-CoV-2. On Wednesday, April 22, Senator Chuck Schumer announced to the public that New York State is to receive $4.3 billion out of a total of $10 billion from the portion of the CARES Act designed to help hospitals in […]