Latest Articles

  • GASB Looking to Delay Certain Standards in Wake of Pandemic

    By:
    Chris Gaetano
    |
    Apr 7, 2020
    The Governmental Accounting Standards Board (GASB) will consider delaying the effective dates of eight statements and five implementation guides in the wake of the COVID-19 pandemic.
  • S&P Briefly Enters Bull Market Territory Before Paring Back Gains

    By:
    Chris Gaetano
    |
    Apr 7, 2020
    Riding a major rally predicated on hope the virus may be peaking, the S&P 500 index briefly entered a bull market before paring down to lower, but still high, levels.
  • Second Stimulis Bill Might Add $1 Trillion to Current Spending Measures

    By:
    Chris Gaetano
    |
    Apr 7, 2020
    The next round of fiscal stimulus measures might be $1 trillion on top of the already $2 trillion that has been appropriated through the CARES Act, which was signed into law just weeks ago.
  • Regulatory Roundup - March 31 to April 6

    By:
    Chris Gaetano
    |
    Apr 6, 2020
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYSSCPA's regular series that collects relevant regulatory announcements from the past week, and puts them in one place to help you stay on top of the issues.
  • Stocks Rally on Hope of Diminishing Deaths, But Many Remain Cautious

    By:
    Chris Gaetano
    |
    Apr 6, 2020
    Major stock indices surged Monday on hopes that the death toll from the COVID-19 pandemic might finally be past the peak, but many remain skeptical that this jump will avoid the spectacular falls that have often followed previous surges.
  • Mortgage Industry Threatening to Buckle Under Effects of Aid Program

    By:
    Chris Gaetano
    |
    Apr 6, 2020
    The mortgage industry is warning that the 180-day mortgage payment deferral contained in the CARES Act could cause mass chaos, as loan servicers currently lack the liquidity to make the program sustainable.
  • Stocks Sink on Dire Jobs Report

    By:
    Chris Gaetano
    |
    Apr 3, 2020
    Stocks are once more sinking like a stone in response to terrible news about recent job losses, among other things.
  • Democrats Pivot, Now Say Next Stimulus Bill Must Focus on More Loans, Direct Payments

    By:
    Chris Gaetano
    |
    Apr 3, 2020
    Congressional Democrats want to put their previous plans for an infrastructure bill on hold and instead focus on more direct payments for individuals and loans for businesses.
  • Weekly Unemployment Claims Soar to 6.6 Million

    By:
    Chris Gaetano
    |
    Apr 2, 2020

    The Department of Labor reports that more than 6.6 million people filed new claims for unemployment benefits last week, double the record-setting number for the previous week. The latest figure brings the two-week total to nearly 10 million.

  • Washington Preparing Next Round of Stimulus

    By:
    Chris Gaetano
    |
    Apr 2, 2020

    With ink still drying on the last deal, Democratic lawmakers are already calling for a new round of stimulus measures in response to the global pandemic, this one focusing on infrastructure.