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Money & The Economy

News on Finance, Money, markets and the economy

Sen. Cruz Among 141 Political Leaders Pledging To Keep US A Dominant Natural Gas Producer

Sen. Ted Cruz is among 141 political leaders in a pledge to keep the United States’s energy industry dominant amid the coronavirus pandemic and the consequential economic downturn. The Texas Republican, as well as seven additional senators, three governors and 15 attorneys general are among those who signed The Empowerment Alliance’s Declaration of Energy Independence, promising to take steps to ...

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Trump Effect: 4.8 Million Jobs Added in June, Unemployment At 11.1%

Donald Trump success

The U.S. economy gained 4.8 million jobs in June, while the unemployment declined to 11.1% , according to Department of Labor data released Friday. Total non-farm payroll employment rose by 4.8 million in June, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell by 3.2 million to 17.8 million. These numbers mark the second ...

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ADP: Private Sector Employment Increased by 2,369,000 Jobs in June

Private sector employment increased by 2,369,000 jobs from May to June according to the June ADP National Employment Report.  Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics.  The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment ...

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DISH Enters Retail Wireless Market with Purchase of Boost Mobile

Completes $1.4 billion purchase of Boost MobileRevives Boost’s iconic “$hrink-It!” offer — the longer you stay, the less you payConnects new Boost customers to the new T-Mobile networkContinues vendor selection for build of nation’s first standalone 5G network DISH announced today that it has completed its $1.4 billion acquisition of Boost Mobile. With this purchase, DISH officially enters the retail wireless market, ...

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Survey: 8 in 10 Small Businesses Have Re-Opened in Some Capacity

A new survey of small to medium size business (SMB) owners conducted by the Electronic Transactions Association (ETA) and The Strawhecker Group (TSG) released today found that eight in ten small and medium businesses (SMBs) that were closed at some point during the COVID-19 pandemic have reopened in some capacity. The survey also found that the majority of SMBs (55 percent) are ...

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United Airlines Adds Nearly 25,000 Flights in August

Airline triples the schedule size compared to June 2020Scheduled to only fly 40% of August 2019 levelsExtends change fee waiver for new bookings through July 31 United Airlines today announced it is tripling the size of its August schedule compared to its June 2020 schedule, adding nearly 25,000 domestic and international flights compared to July 2020, and plans to fly 40% of its ...

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Billion-Dollar Investment Firm Flees Seattle Citing Civil Unrest

A Seattle-based investment firm announced Monday that it will leave the city because of civil unrest and move south, taking billions with it. Smead Capital Management President and CEO Cole Smead, told KSTAR NEWS, that “the unrest that has taken place in the city of Seattle… there really is not a downtown community today.” Seattle’s Capitol Hill Occupied Protest, formerly ...

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Get to Know the Benefits of TOGAF Certification

The Open Group Architecture Framework (TOGAF), as described by the Open Group, is a proven Enterprise Architecture methodology and framework that companies across the world use to improve their business efficiency. The framework is useful in organizing the development process by following a systematic approach so as to meet goals like meeting deadlines, minimizing errors, maintaining the budget, and achieving ...

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Google’s Digital Ad Revenue Expected To Fall, Marketing Research Agency Says

Google’s advertising revenue is expected to drop in 2020 amid pandemics and a lull in international travel, according to a report from marketing research agency eMarketer. The drop is due in part to Google’s core search product’s reliance on the travel industry, which took a hit after the coronavirus pandemic effectively shut down travel, according to a forecast from eMarketer, ...

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WSJ: Democratically-Run States With The Most Severe Lockdowns Are Struggling To Recover

Democrats run nine of the 10 states with the highest jobless rates, The Wall Street editorial board pointed out Sunday night in an editorial exploring how quickly states that instituted severe economic lockdowns are recovering. The WSJ’s editorial board pointed out Sunday evening that the states with the highest jobless rates experienced the most severe restrictions during the pandemic. The ...

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Great Recovery: McDonald’s To Hire 260K People In The US As Pandemic Lockdowns Come To An End

McDonald’s plans to hire more than a quarter of a million people over the course of the summer as economic lockdowns continue to slow down, the company announced Thursday. The restaurant chain will add 260,000 employees as it reopens dining rooms after shutting down amid lockdowns designed to slow the spread of the coronavirus, or COVID-19, according to the president ...

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Oil Demand To Spike In 2021 By 5.7 Million Barrels As Oil Companies Slash Production: IEA

Cuts in oil supply and a record rebound in demand in 2021 will help put the fossil fuel industry on better footing even as the pandemic hammers oil demand, the International Energy Agency said Tuesday. Demand for oil will rebound by a record 5.7 million barrels per day even as world demand for crude drops by 8.1 million barrels in ...

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May Retail Sales Jumped 17.7%, Double The Forecast As States Came Out Of A Lockdown-Induced Hibernation

economy going up

Retail sales rebounded in May as states eased coronavirus-induced lockdown measures, allowing retail stores to regain more ground than analysts expected, according to Department of Commerce data. Retail sales jumped 17.7% in May, effectively doubling expectations and marking the biggest single-month gains in data a going back more than 20 years, according to a Commerce Department report released Tuesday. A ...

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Does registering a non-profit have tax benefits?

Non-Profits In The U.S Non-profit organizations operate as independent legal entities. Thus, the organization is allowed to form its material base, which is built by the receipt of donations and contributions. The non-profit organization uses the funds received to implement the goals of creating the organization and the economic activities of the non-profit organization. The events of NGOs are aimed ...

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