U.S. to relaunch small business pandemic aid program Monday with new fraud checks

Erwin Oropesa

TipRanks

Oppenheimer: These 3 Stocks Could Spike Over 80%

Wall Street’s best firms don’t just look at the stocks, they look at the big picture, too. And Oppenheimer’s chief investment strategist, John Stoltzfus, is particularly adept at showing us the macro view. In his first note of the new year, Stoltzfus notes a series of factors that are going to impact the markets. The big news, of course, the 800-pound gorilla that cannot be ignored, is the ongoing COVID epidemic. The disease is coming back strong now that we’re well into winter – which was somewhat expected, as it’s typical behavior for flu-like respiratory viruses. With the winter virus surge, we also must contend with a new round of lockdown policies, imposed from state or local levels. It’s hoped that the newly available COVID vaccines will, by springtime, start to put a damper on the novel coronavirus.”The length of time

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U.S. lenders score small business relief, accounting help in pandemic package

Erwin Oropesa

TipRanks

Goldman Sachs Says These 3 Stocks Could Surge Over 30% From Current Levels

After a true annus horribilus, we’re all ready for better times. The US equity strategy team at Goldman Sachs, led by David Kostin, sees those better time ahead, and in the near-term. The team is predicting a 25% gain for the S&P 500 within the next 24 months – or to put it in absolute numbers, they believe the index will hit 4,600 by December 2022. Kostin lays out four clear reasons for believing that we’re at the start of another prolonged bull run. First, he notes the generally improving economic conditions; second, he points out corporate earnings growth; third, are the historically low interest rates, as the Fed sticks to its near-zero rate policy; and finally, there’s TINA, or ‘there is no alternative.’ Stocks are entering a virtuous circle, Kostin believes, as they offer the

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Laid-off workers start side hustles, business ventures to survive amid COVID-19 pandemic

Erwin Oropesa

An unemployed stagehand is suddenly an e-commerce mogul, peddling hard-to-find items such as toilet paper and home fitness equipment. A laid-off personal vacation adviser may have found her true calling — teaching English online to students around the globe. A recruiter is paying the bills as she awaits her unemployment benefit checks by day-trading stocks.

With the coronavirus pandemic throwing tens of millions of Americans out of work or reducing their hours, many are scrambling to make ends meet by taking on part-time jobs and other side hustles, launching new ventures, or playing the market – often from the safety of their homes. 

The phenomenon isn’t captured by the Labor Department’s employment data because of the overall devastation wrought by the virus. In April, a record 20.5 million U.S. jobs were wiped out, and Labor’s May jobs report Friday is projected to record another eight million layoffs, driving the unemployment

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