There are six key elements to watch for signs of a recession recovery. Jeffrey Kleintop of Schwab provides an overview of how the world markets are progressing. PPP recipients now have more time to spend the funds and qualify for forgiveness. Jeff Drew explains the details of the new Paycheck Protection Program. COVID-19 has changed the way people shop for used cars. As many avoid travel due to the virus, the car rentals at airports have plunged. But for those interested in buying a used car, the surplus of rental cars for sale provides deep discounts. There are ways to make sure you get the right car and the best deal, as Peter Valdes-Dapena writes for CNN Business.
Mid-Year Outlook: Global Stocks And Economy — Most major economies were teetering on the edge of a recession before the lockdowns tied to COVID-19 hit. Five of the major Group of Seven (G7) countries ended the fourth quarter of last year with negative or zero GDP growth. But now, Schwab Investment Management sees signs of recovery. Read more…
PPP Forgiveness Changes Coming As Senate Passes House Bill — The U.S. Senate passed the House version of Paycheck Protection Program (PPP) legislation and President Trump signed it Friday night. The new bill triples the time allotted for small businesses and other PPP loan recipients to spend the funds and still qualify for forgiveness of the loans. The Journal of Accountancy details the main points of the legislation. Read more…
Car Rental Companies May Be The Best Place To Shop For A Used Car — Even when we were not in an economic crisis, shoppers could often find a good deal on a used car at one of the major car rental agencies, including Hertz, Avis or Enterprise. But now, with travelers staying close to home and airports turned into virtual ghost towns due to COVID-19, rental car companies are cutting their losses by selling cars at a discount. CNN Business tells how to get the best deal in this market. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller
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