Now that the pandemic changed how small-business owners borrow money, they continue to be a major target for predatory lending practices. Small-business owners who are borrowing for the first time need to be equipped with all the right information and access to all the support they can get, to know they got the best deal. As the economic crisis continues to reveal more needs … [More]
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Small Business Owners are a Target for Predatory Lending Practices during the COVID-19 Pandemic
by Edgar R. Olivo
EN NEGOCIOS: Los prestamistas abusivos se aprovechan de los pequeños negocios durante COVID-19
por Edgar R. Olivo
Ahora que la pandemia cambió la forma en que los propietarios de pequeñas empresas piden dinero prestado, continúan siendo un victimas de las prácticas de prestamistas abusivos. Para los propietarios de pequeñas empresas que solicitan préstamos por primera vez, deben estar equipados con toda la información correcta y acceder a todo el soporte que puedan obtener para saber que … [More]
Updated Economic Projections See Resumption Downturn
Congressional Budget Office
The Congressional Budget Office has updated its economic projections through 2021 to account for the 2020 coronavirus pandemic. CBO’s latest estimates, which are based on information about the economy that was available through May 12, update the preliminary projections that the agency made in April. In developing those projections, CBO reviewed many private-sector forecasts. … [More]
Online Toolkit Helps Ensure Businesses Are Hygiene Ready upon Re-Opening
Georgia-Pacific
GP PRO, a division of Georgia-Pacific and a leading provider of advanced dispensing solutions for commercial facilities, has launched Hygiene Ready, a robust online resource designed to help restaurants, retailers, arenas, commercial and industrial facilities, and other businesses safely re-open amidst COVID-19 and restore employee and consumer confidence shaken by the … [More]
‘Return Stronger’ Website Connects Workers with Training and Career Resources
Arizona Commerce Authority
The Arizona Commerce Authority, in partnership with the state’s workforce development network ARIZONA@WORK, has launched a new website to connect Arizonans statewide with employment training resources and virtual career counseling. The Return Stronger Upskilling website is designed to provide workers who are no longer employed due to the COVID-19 pandemic with a central place … [More]
Arizona Paid Out $519M in Unemployment Claims Last Week Alone
Arizona Department of Economic Security
The Arizona Department of Economic Security (DES) announced today $519 million in state unemployment insurance (UI) and Pandemic Unemployment Assistance (PUA) was issued to claimants last week. An additional $95.5 million was issued to state UI claimants today. Yesterday, PUA applicants filed weekly certifications that will result in payments of $95 million throughout the … [More]
Tech Giant Jumps 21 Spots on 2020 Fortune 500 List
Insight
Tempe-based Insight Enterprises, the global integrator of Insight Intelligent Technology Solutions™ for organizations of all sizes, announced today that it has moved up 21 spots in the 2020 Fortune 500 rankings to No. 409. This year marks Insight’s best ranking to date and its 12th year overall on the list; it comes as the organization deepens its expertise and offerings around … [More]
Carvana to Sell Off Stock for ‘General Corporate Purposes’
Carvana
Carvana Co., a leading e-commerce platform for buying and selling used cars, today announced that it has commenced a public offering of its Class A common stock. Carvana is proposing to sell 5,000,000 shares of Class A common stock. The underwriters will offer the shares from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time … [More]
In-Depth: A Look at All Types of Insurance during Pandemic
by Michael Giusti
People may debate whether or not this pandemic could have been foreseen, but in most areas of the insurance industry, they saw it coming 18 years ago. That is because, following the SARS epidemic in 2002, nearly every line of insurance coverage began writing in clauses that excluded pandemics and infectious disease causes, protecting many insurers from having to pay out claims … [More]
International Trade Deemed Essential in Tackling COVID-19
Information Technology and Innovation Foundation
As the decision-making body of the World Health Organization opened its 73rd World Health Assembly in Geneva, the Information Technology and Innovation Foundation (ITIF) today joined a worldwide network of independent think tanks to issue a “Joint Declaration on the Importance of Collaboration, Open Trade, and Innovation in Tackling COVID-19,” calling on governments to take a … [More]
Survey Finds Employees Are Happier than Pre-Pandemic
SurveyMonkey
CNBC and SurveyMonkey (Nasdaq: SVMK), a leading global survey software company, today announced the results of their latest Workforce Survey. CNBC and SurveyMonkey together polled over 9,000 workers in the U.S. to measure the impacts of COVID-19 on employee satisfaction. Nearly half of all respondents (48%) noted they are currently doing their jobs remotely. Among all … [More]
Financial Stability is Questionable, Federal Reserve Gives Overview
Federal Reserve Board
The coronavirus (COVID-19) pandemic has caused tremendous human and economic hard-ship across the United States and around the world. The pandemic and the measures taken to contain it have effectively closed some sectors of the economy since mid-March. Economic activity in the United States has contracted at an unprecedented pace, and the unemployment rate surged to 14 .7 … [More]
Retail Sales Plunge 16.4%, Lowest on Record
U.S. Census Bureau
Advance Estimates of U.S. Retail and Food Services Advance estimates of U.S. retail and food services sales for April 2020, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $403.9 billion, a decrease of 16.4 percent (±0.5 percent) from the previous month, and 21.6 percent (±0.7 percent) below April 2019. Total sales for … [More]
Global Industry Leader TSMC to Build Advanced Semiconductor Factory in Arizona
by Mike Hunter
Following a national search, Taiwan Semiconductor Manufacturing Company (TSMC) has selected Arizona for its new U.S. advanced semiconductor factory. The project will create over 1,600 new high-tech jobs and generate thousands of additional jobs in the state for suppliers and other companies within the semiconductor industry. TSMC’s total spending on this project, including … [More]
Arizona Enrichment Centers to Offer Child Care to Grocery Store, Food Bank Employees
State of Arizona Office of the Governor
The Arizona Enrichment Centers Program will expand to offer prioritized child care for the children of grocery store employees and food bank workers. Enrichment Centers have already been providing child care for first responders, critical health care workers and essential public sector workers serving others as Arizona works to slow the spread of COVID-19. The program will also … [More]
Nearly Half of Employees Now Working from Home Want to Stay Remote, Study Finds
The Grossman Group
For decades, the privilege of working from home has been largely reserved for elite, white-collar workers. In a matter of weeks, the COVID-19 crisis has forced millions more American workers into remote work, and a recent survey finds that many prefer keeping that arrangement. Forty-eight percent of employees working from home now say they'd like to continue working from … [More]
3 Million Jobless Claims Filed Last Week, 2-Month Total more than 36 Million
U.S. Department of Labor
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 average. The previous week's average was … [More]
Specialized Fleet of Drivers to Transport COVID-19 Infected/Suspected Patients
Veyo
Veyo, the nation’s first and only full-service, tech-enabled Non-Emergency Medical Transportation (NEMT) broker, has announced the creation of a specialized fleet of drivers who will transport COVID-19 infected/suspected patients to and from life-sustaining medical appointments, with the aim of alleviating the extreme stress that has been placed on the non-emergency ambulance … [More]
