Cares Act May Offer Welcome Relief to Retirement Account Owners ~ From Brian Tewksbury

Cares Act May Offer Welcome Relief to Retirement Account Owners ~ From Brian Tewksbury

Murphys, CA…Cares Act May Offer Welcome Relief to Retirement Account Owners Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, or retirement advice or recommendations. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to […]

Official George Floyd Memorial Fund Sets Records, Now at $13,682,100!

Official George Floyd Memorial Fund Sets Records, Now at $13,682,100!

Minneapolis, MN….The GoFundMe fundraising account for George Floyd’s family has set fundraising records! When the offline contributions are combined with the online his family has now raised over $14,000,000. Click on the image below to go to the fundraiser. From the GoFundMe profile…”On May 25, 2020, my life shattered as I learned of the tragic […]

Your Local H&Block Office is Providing Help as July 15 Filing Deadline Approaches

Your Local H&Block Office is Providing Help as July 15 Filing Deadline Approaches

Angels Camp, Valley Springs, Ione & Jackson, CA….Your Local H&Block Office is Open Ready to Serve!  In the past few months, we’ve changed the way we work. We’ve changed the way we live – shopping for groceries online, staying six feet apart in checkout lines, and helping kids with homeschooling. We’ve changed the way we […]

2.5 Million Jobs Returned in May, Unemployment Drops to 13.3 Percent!

2.5 Million Jobs Returned in May, Unemployment Drops to 13.3 Percent!

Washington, DC…Total nonfarm payroll employment rose by 2.5 million in May, and the unemployment rate declined to 13.3 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected a limited resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and […]

Weekly Jobless Claims Drop to 1,877,000. Still High But Dropping Steadily

Weekly Jobless Claims Drop to 1,877,000.  Still High But Dropping Steadily

Washington, DC…COVID-19 Impact The COVID-19 virus continues to impact the number of initial claims and insured unemployment. This report includes information on claimants filing Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation claims. In the week ending May 30, the advance figure for seasonally adjusted initial claims was 1,877,000, a decrease of 249,000 from the […]

Market Month for May 2020 from Brian J. Tewksbury

Market Month for May 2020 from Brian J. Tewksbury

Murphys, CA…The Markets (as of market close May 29, 2020) May saw several states and foreign countries ease restrictions put in place in response to the COVID-19 pandemic. As economies slowly picked up momentum, investors grew more confident in stocks, driving values higher. However, investor optimism was kept in check by sobering economic reports and […]

Rate Of Unemployment Claims Growth Slows, However 2,981,000 Initial Claims Filed Last Week

Rate Of Unemployment Claims Growth Slows, However 2,981,000 Initial Claims Filed Last Week

Washington, DC…In the week ending May 9, the advance figure for seasonally adjusted initial claims was 2,981,000, a decrease of 195,000 from the previous week’s revised level. The previous week’s level was revised up by 7,000 from 3,169,000 to 3,176,000. The 4-week moving average was 3,616,500, a decrease of 564,000 from the previous week’s revised […]

Worst Single Month Jobs Report in History as Unemployment Soars to 14.7 Percent

Worst Single Month Jobs Report in History as Unemployment Soars to 14.7 Percent

Washington, DC…Total nonfarm payroll employment fell by 20.5 million in April, and the unemployment rate rose to 14.7 percent, the U.S. Bureau of Labor Statistics reported today. The changes in these measures reflect the effects of the coronavirus (COVID-19) pandemic and efforts to contain it. Employment fell sharply in all major industry sectors, with particularly […]

Governor Newsom Announces Enhanced Workers’ Compensation Benefits & Extends Property Tax Deadliness

Governor Newsom Announces Enhanced Workers’ Compensation Benefits & Extends Property Tax Deadliness

Sacramento, CA…As California prepares to enter Stage 2 of the gradual reopening of the state this Friday, Governor Gavin Newsom today announced that workers who contract COVID-19 while on the job may be eligible to receive workers’ compensation. The Governor signed an executive order that creates a time-limited rebuttable presumption for accessing workers’ compensation benefits applicable […]

Monthly Market Update for The Markets (as of market close April 30, 2020) ~ Brian J. Tewksbury

Monthly Market Update for The Markets (as of market close April 30, 2020) ~ Brian J. Tewksbury

Murphys, CA…The Markets (as of market close April 30, 2020) April began on a sour note for stocks as each of the indexes listed here lost value. Economic reports reflected the negative impact of the COVID-19 pandemic. There were more than 700,000 jobs lost in March while total claims for unemployment insurance benefits soared to […]

The Fed Keeps Rates Near Zero, Will Use All Tools in Toolbox on Economy

The Fed Keeps Rates Near Zero, Will Use All Tools in Toolbox on Economy

Washington, DC…The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.  The coronavirus outbreak is causing tremendous human and economic hardship across the United States and around the world. The virus and the measures taken […]

GDP Dropped 4.8% in First Quarter According to Advance Estimate

GDP Dropped 4.8% in First Quarter According to Advance Estimate

Washington, DC…Real gross domestic product (GDP) decreased at an annual rate of 4.8 percent in the first quarter of 2020 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2019, real GDP increased 2.1 percent. The GDP estimate released today is based on source data […]

S&P CoreLogic Case-Shiller Index Shows Annual Home Price Gains Increased To 4.2% In February

S&P CoreLogic Case-Shiller Index Shows Annual Home Price Gains Increased To 4.2% In February

New York, NY…S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for February 2020 show that home prices continue to increase at a modest rate across the U.S. More than 27 years of history are available for these data series, […]

Funding Option Updates from the Calaveras Chamber

Funding Option Updates from the Calaveras Chamber

San Andreas, CA…Today launches the second round of funding available for small businesses that was passed through legislation on Friday. While glitches or delays are expected, if you were not able to apply for the Economic Injury Disaster Loan or the Paycheck Protection Program prior to them shutting it down, know that you can apply […]

What the CARES Act Means for You ~ From John Krutsinger, Edward Jones

What the CARES Act Means for You ~ From John Krutsinger, Edward Jones

Murphys, CA…What the CARES Act Means for You! Click the images below for a larger version…. John Krutsinger Edward Jones financial 178 Big Trees Road Suite A7, Murphys, CA 95247 Phone (209) 728-8923 How We Work Together As an Edward Jones financial advisor, I believe it’s important to invest my time to understand what you’re […]

The SECURE Act Hopes to Make Retirement More Secure from Brian J. Tewksbury

The SECURE Act Hopes to Make Retirement More Secure from Brian J. Tewksbury

Murphys, CA…The SECURE Act Hopes to Make Retirement More Secure. Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, or retirement advice or recommendations. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be […]

Slight Uptick in Jobless Claims to 6,648,000 for Latest Week

Slight Uptick in Jobless Claims to 6,648,000 for Latest Week

Washington, DC…The COVID-19 virus continues to impact the number of initial claims. Nearly every state providing comments cited the COVID-19 virus. States continued to identify increases related to the services industries broadly, again led by accommodation and food services. However, state comments indicated a wider impact across industries. Many states continued to cite the health […]

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