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Charles Schwab Announces Fractional Shares Platform "Stock Slices"

Last fall, Charles Schwab shook up the brokerage world by announcing that it would be eliminating its trade commission fees. While this model had previously been tried by FinTech startups such as Robinhood, it was a big deal for a traditional discount brokerage to adopt it. Within a week of...

United States Gross Domestic Product Falls 4.8% in Q1

Ever since mandated lockdowns and shelter-in-place orders related to the COVID-19 pandemic began, it was clear that the virus would take a toll on the United States economy. Sure enough, the past few weeks have brought multiple rounds of record-breaking jobless claims that now total more than 26 million in...

Shake Shack to Return Paycheck Protection Program Loan to SBA

Last week when it was announced that the Small Business Administration's (SBA) Paycheck Protection Program (PPP) had run through its original $349 billion in funding, there was plenty of anger to be found all around. While some were frustrated with Congress for not authorizing additional funding and with the SBA...

IRS Introduces New Portal for Non-Filers to Enter Stimulus Payment Info

Since Congress passed the $2 trillion stimulus package that included direct payments for many Americans, there have been several questions about when this money would go out and how individuals could claim their funds. While the Internal Revenue Service (IRS) had previously stated that direct deposit info would be used...

How Will Americans Spend Their Emergency Stimulus Checks?

With the COVID-19 pandemic negatively impacting the lives of millions, this week the United States Congress has been attempting to pass a massive stimulus bill that would offer relief to some workers and businesses. As of this writing, the details of an apparent deal reached in the Senate are not...

Tax Day 2020 is Now Officially July 15th Federally

Following a previous announcement that the Internal Revenue Service (IRS) would push back the 2019 tax payment deadline to July, the agency has not decided to delay the filing cut off as well. As a result, for 2020, Tax Day will not be on April 15th but July 15th instead....

IRS Extends 2019 Tax Payment Deadline to July

As the COVID-19 outbreak worsens, the virus is also wreaking economic havoc as many businesses are forced to close. In response the White House has been floating a number of emergency measures, including bailouts for certain industries and cash payments for the majority of Americans. Additionally this week the Internal...

Longest Bull Market in History Ends Amid Pandemic

Just days after celebrating its 11th anniversary, the bull market in the U.S. — the longest in history — has come to a dramatic end. Despite some rallying efforts that followed major sell-offs last week, the continued spread of COVID-19 coupled with an oil price war has sunk the markets...