Happy Monday everyone – we hope you enjoyed your weekend! Today is May 18 and we see that the stock market has soared for the biggest jump in a month, a tax surprise could await small businesses that can’t deduct some expenses covered by PPP and homebuilder sentiment bounces back in May after a record plunge in April. We are also reading that FedEx and Microsoft are teaming up to deliver packages and how post-pandemic office spaces could change corporate culture.
Stocks rallied on Monday, rebounding from losses last week, as news from a Moderna trial stoked optimism about a potential coronavirus vaccine.
A tax surprise could be around the corner for business owners who participate in the federal government’s forgivable loan program — unless Congress intervenes.
After the sharpest one-month drop in the history of the index in April, homebuilder sentiment bounced back slightly in May as builders saw a quick rebound in interest from buyers.
Microsoft and FedEx announced a joint, multi-year partnership on Monday that the pair believe could help “transform commerce” through FedEx’s logistics network and Microsoft’s cloud.
By now it’s very clear that the coronavirus pandemic will change the way we work in offices — perhaps indefinitely. Less certain is the impact these physical and structural changes will have on corporate culture, which has become an intangible asset that companies now long to perfect.