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Spokesman Review 04/04/2020 05:21
If you have taken some time during your sheltering at home to dream about a possible real estate investment, try to target how it will be used. Whether you are personally enjoying the use of the property or are looking to derive income from its ownership, where you buy will go far in determining how well you can realize your goals. The importance of the factors determining the choice of location will differ depending on your plans for the property. For example, when considering a temporary property for investment, perhaps a remodel-flip, it’s usually better to emphasize locations close to your primary residence. You are more familiar with the qualities of the area, and you can easily look in on your property even if you use a professional t.
Spokesman Review 04/04/2020 03:47
Revival Tea Co. owner Drew Henry built the foundation of his business on e-commerce. After the company experienced significant demand for its product online, Henry opened a brick-and-mortar tea house in February in downtown Spokane. But the coronavirus pandemic hit and as Gov. Jay Inslee ordered restaurants and bars to temporarily close in March, Henry, like many other business owners, had to re-evaluate the company’s business model. “Once things took a turn for the worse, we focused back in on the e-commerce side of our business and have seen a 400% increase in online sales over the last two weeks,” Henry said. During the first week following temporary closure of the brick-and-mortar store, Revival Tea generated $1,000 in online sales in o.
Spokesman Review 04/04/2020 03:37
NEW YORK – The federal government’s relief program for small businesses is off to a bumpy start Friday with few businesses able to apply and some big banks saying they’re not ready to process applications. Millions of small businesses are expected to apply for these desperately needed rescue loans from the $349 billion Paycheck Protection Program, which was put in place to help them retain workers and pay bills during the coronavirus pandemic. The program is being overseen by the Small Business Administration, but banks handle the application process.
Spokesman Review 04/04/2020 03:33
WASHINGTON – A record-long streak of U.S. job growth ended suddenly in March after nearly a decade as employers slashed hundreds of thousands of jobs because of the viral outbreak that has all but shut down the U.S. economy. The unemployment rate jumped to 4.4% from a 50-year low of 3.5%. The job loss of 701,000 reported Friday by the government – the worst since the depths of the Great Recession in 2009 – is still just a small indication of what’s to come. For the April jobs report that will be released in early May, economists expect at least a record 20 million losses and an unemployment rate of around 15%, the highest since the 1930s. The enormous magnitude of the job cuts is inflicting far-reaching damage on the economies in the United.
Spokesman Review 04/04/2020 03:33
U.S. stock markets struggled Friday in the homestretch of another volatile week of trading, as more dismal job numbers poured in. Oil prices, meanwhile, continued to build on this week’s surge. The Labor Department announced Friday that 701,000 jobs were lost in March, driving the jobless rate up to 4.4 percent. The losses ended the nation’s 113-month streak of job growth and were the worst since 2009. A day earlier, the agency disclosed that more than 6.6 million Americans had filed jobless claims last week alone, shattering the preceding week’s record of 3.3 million jobless claims. The swift acceleration in job losses speaks to the depth of the economic pain being inflicted by the novel coronavirus, and has some economists worried about t.
Spokesman Review 04/04/2020 03:13
It’s apparently a good time to be a chicken. Well, at least one that lays eggs sometime soon. Shoppers in the Spokane area have ravaged farm supply stores of baby chickens, as many workers forced to stay at home from pandemic closures are also finding shortages in grocery stores of toilet paper, flour, sugar and eggs. At North 40 Outfitters at 8307 E. Trent Ave. in Spokane Valley, shoppers stood in a line Friday for a chance to buy chicks. And each buyer faced a limit on how many baby chickens they could purchase. At the Country Store at 5065 E. Sprague Ave., all the chick bins were silent Friday upon midday inspection. “We definitely have seen an increase in the purchase of baby chickens,” said Michelle Muir, marketing director for Country.
Spokesman Review 04/04/2020 03:04
ORLANDO, Fla. – Saying they don’t know when they’ll be able to re-open many of their businesses with the coronavirus spreading, Walt Disney Co. officials announced they will start furloughing some workers in two weeks at its theme parks resorts in Florida and California. The statement released late Thursday from The Walt Disney Co. said the first wave of furloughs will start April 19 and involve workers whose jobs aren’t necessary at this time.
Spokesman Review 04/02/2020 12:13
NEW YORK – Wall Street pushed higher Thursday after a surge in oil prices helped resuscitate beaten-down energy stocks. The gains helped overshadow another report showing the coronavirus outbreak is forcing a record-breaking number of Americans into the unemployment queue. The S&P 500 rose more than 1.5% in morning trading after flipping between small gains and losses shortly after the open. It took off with the price of oil, which surged immediately after President Donald Trump said he expects Saudi Arabia and Russia to back away from their price war. The two sides have continued to pull oil out of the ground to maintain their market share, even as demand for energy cratered because of stay-at-home orders and other economy-damaging restric.
Spokesman Review 04/02/2020 11:24
WASHINGTON – More than 6.6 million Americans applied for unemployment benefits last week – doubling a record high set just one week earlier – a sign that layoffs are accelerating in the midst of the coronavirus. The stunning report Thursday from the Labor Department showed that job cuts are mounting against the backdrop of economies in the United States and abroad that have almost certainly sunk into a severe recession as businesses close across the world. Applications for unemployment benefits generally reflect the pace of layoffs.
Spokesman Review 04/02/2020 06:29
The union that represents grocery workers in Spokane and North Idaho announced a deal Wednesday with Fred Meyer parent Kroger Co. to increase worker pay by $2 an hour for those employees who continue to work at grocery stores during the COVID-19 pandemic. The deal with Kroger comes after similar deals were negotiated to boost the pay for employees at Safeway, Albertsons and Rosauers stores.
Spokesman Review 04/01/2020 14:40
Its market value just a fraction of what it was five years ago, Macy’s is being removed from the S&P 500 index. Macy’s has been struggling amid competition from discounters and online retailers like Amazon. S&P Dow Jones Global Indices said Tuesday that Macy’s will be removed from the benchmark S&P 500 and shifted to the S&P SmallCap 600 as of Monday. The retailer is being replaced on the larger index by Carrier Global, which makes refrigeration and fire and security products. At the start of 2015, Macy’s had a stock market value of around $23 billion. In midday trading Wednesday, shares traded at $4.68, giving Macy’s a market cap of about $1.45 billion. The stock has lost more than 70% of its value so far in 2020 as the virus pandemic shut.
Spokesman Review 04/01/2020 10:03
DALLAS – The Treasury Department wants airlines to say how they will compensate the government for $25 billion in grants used to keep employees on the payroll during the coronavirus outbreak. The economic-relief bill passed last week gives the Treasury secretary the power to take an equity stake in airlines that get taxpayer help. The law provides money for grants and another $25 billion in loans or loan guarantees for passenger airlines hurt by the severe drop in travel from the outbreak.
Spokesman Review 04/01/2020 09:49
Walmart said Tuesday it will begin temperature checks for all employees before they start their shifts. The world’s largest retailer is also making masks and gloves available for employees who want to wear them. The new steps come as grocery workers increasingly become worried about being at the frontlines of the coronavirus pandemic. “Retail workers are being asked to do heroic work to keep America fed,” said Dan Bartlett, Walmart executive vice president on a call with reporters Tuesday. “The strain put on retail is not normal.”Walmart is also considering one-way aisles to promote social distancing by customers and said it’s started that in the U.K. and Canada. There are no plans to begin checking temperatures of customers, Bartlett said.
Spokesman Review 04/01/2020 09:34
Trans World Entertainment has named Spokane entrepreneur Tom Simpson to its board of directors and secured additional investor financing for its Spokane Valley-based subsidiary etailz. Trans World announced Tuesday it obtained $5.2 million in financing for etailz from investors led by Alimco Financial Corp. Simpson, who co-founded etailz with Josh and Sarah Neblett in 2008, is joining Trans World’s board of directors as part of the financing agreement.
Spokesman Review 04/01/2020 09:20
Spokane-area banks and credit unions are now offering loan payment deferments that allow anyone who has lost their job because of the coronavirus outbreak to put a hold on paying mortgages and some loans to help them through the crisis, officials said. The key, several bank executives said Tuesday, is that anyone financially affected should immediately contact their lender to find out what options are available.
Spokesman Review 04/01/2020 09:17
Cruise line operator Carnival Corp. is turning to all corners of the capital markets to raise $6 billion of cash after the COVID-19 pandemic halted travel, bringing its business to a near standstill. The company is tapping bond investors on both sides of the Atlantic with a $3 billion sale of secured notes in U.S. dollars and euros, according to people with knowledge of the matter who asked not to be identified because the details are private.
Spokesman Review 03/31/2020 03:05
At Mom’s Custom Tattoo & Body Piercing in Kendall Yards, owner and resident "mom" Beth Swilling has worked for the past five years to create a "safe space" for her customers. As the COVID-19 pandemic shut down businesses across America this month, Swilling’s space wasn’t considered safe anymore. Mom’s Tattoo has about 10 employees, a mix of tattoo artists and piercers, who are now out of work.
Spokesman Review 03/30/2020 23:00
WASHINGTON – A $500 billion federal aid package for companies and governments hurt by the coronavirus includes rules aimed at ensuring that the money is used in ways that would help sustain the economy. But questions are being raised about whether those guardrails will prevent the kinds of abuses that have marked some corporate bailouts of the past. In return for the emergency loans, which could be spun by the Federal Reserve into up to $4.5 trillion, companies will face temporary limits on what they can pay executives. They’ll also need to keep their workforces stable or at least not lay off more than 10% for several months. And they’ll face restrictions on stock buybacks and dividend increases. Yet loopholes may lurk in the legislation. “

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