Today is Wednesday, April 1 and the articles we are reading today are no April Fool’s! The stock market starts out the second quarter today with some uncertainty as Trump warns of “a very painful two weeks”, U.S. companies cut 27,000 jobs before the worst of the shutdown, and we read about what a balance transfer can do to your credit, along with a few other articles.
Stocks fell sharply on Wednesday as Wall Street begins the second quarter on a sour note amid mounting concerns over the coronavirus outbreak.
Companies reduced payrolls by 27,000 in early March before the worst of the coronavirus-induced economic freeze, according to a report Wednesday from ADP and Moody’s Analytics.
The coronavirus appears to be splitting the mortgage market: More borrowers are refinancing to save money on monthly payments, while potential homebuyers are backing away fast.
Don’t be surprised if your employer pauses its contributions to your 401(k) plan during the U.S. economic downturn. As the coronavirus pandemic wallops the economy, and businesses deal with dropping revenue and limited cash flow, employers are exploring how to trim their obligations to those plans without violating federal regulations.
Looking to move your debt to a balance transfer card? Here’s what that could do to your credit score
If you are one of the many already struggling pay off your credit card debt — or you anticipate being unable to after the sweeping financial unrest of coronavirus — a balance transfer credit card can give you a little flexibility and save you generously on interest.