We hope you all had a great weekend! Today is Monday, April 20 and we see that the market is set to drop as oil prices decline, the Senate nears a $370 billion deal for small business loan programs and Trump plans to use Defense Production Act to increase swab production amid coronavirus testing shortage. Also, we are reading that filing requirements for veterans have been waived so they will get stimulus checks automatically and there has been a shift in online spending from stockpiling to entertainment as the coronavirus drags on.
U.S. stock futures traded lower early Monday morning as investors weighed the latest coronavirus news along with a sharp decline in U.S. crude prices. The market was coming off its first back-to-back weekly gains in more than two months.
President Donald Trump announced on Sunday that he plans to use the Defense Production Act to increase the nation’s swab production by at least 20 million per month for coronavirus tests.
Senate Democrats and Republicans are nearing a deal Sunday that could inject roughly $370 billion into loan programs for small businesses.
After earlier confusion, filing requirements are waived and veterans will get stimulus checks automatically
Veterans and their family members will automatically receive coronavirus stimulus checks from the federal government without further action required from those individuals, the Treasury Department and the IRS announced Friday.
As coronavirus restrictions drag on, Americans shift online spending from stockpiling to entertainment
Following a rush for groceries and cleaning supplies, more Americans are looking to crack open a book. As people remain sheltered in their homes due to the coronavirus outbreak, online shopping has surged as a replacement for an old-fashioned trip to the store.