Latest Articles

  • U.S. Interest Rates Dip Below Zero

    By:
    Chris Gaetano
    |
    Mar 25, 2020
    Negative interest rates have finally come to the United States, as yields on short-term Treasury bills have now dipped below zero, meaning that buyers are guaranteed to lose money on their initial investment.
  • PCAOB Gives Firms Relief from Inspections in Response to Coronavirus

    By:
    Chris Gaetano
    |
    Mar 24, 2020
    Audit firms won't need to worry about inspections from the Public Company Accounting Oversight Board (PCAOB) for at least the next 45 days, according to a recent announcement.
  • Stocks Soar on Hope of Stimulus Deal Breakthrough

    By:
    Chris Gaetano
    |
    Mar 24, 2020
    Traders are hoping that the impasse in Washington over the proposed relief bill will soon be over and that real action will be taken to combat the epidemic's economic impacts, leading major indicies to spike in the morning hours.
  • Jobs Evaporate as Business Activity Sees Record-Setting Contraction

    By:
    Chris Gaetano
    |
    Mar 24, 2020
    Recent filings indicate that coronavirus-related layoffs are accelerating in connection with a record-setting economic contraction.
  • Treasury Extends Filing Deadline to July 15, Matching Payment Deferral

    By:
    Chris Gaetano
    |
    Mar 23, 2020
    Treasury Secretary Steven Mnuchin said on Friday that the government will delay the tax filing deadline to July 15 in order to match the payment deferral announcement earlier this week.
  • Regulatory Roundup - March 17-23

    By:
    Chris Gaetano
    |
    Mar 23, 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.
  • Fed Pulls Out All Stops to Shore Up Economy

    By:
    Chris Gaetano
    |
    Mar 23, 2020
    The Federal Reserve, in a bid to fight off an impending economic crisis, has announced unprecedented measures to shore up the economy, including removing multibillion-dollar limits on its bond-buying program, judging them to be insufficient.
  • Markets Crumble as Congress Divided on Details of Spending Bill

    By:
    Chris Gaetano
    |
    Mar 23, 2020
    Markets fell sharply as they waited for Congress to conclude its negotiations over the massive spending package meant to address the economic fallout of the coronavirus epidemic, and while assurance that a deal was coming soon did calm things a little, it wasn't enough to make up for the damage done so far.
  • Gov. Cuomo Now Says 100 Percent of Nonessential Workers Must Stay Home, Accountants Deemed Essential

    By:
    Chris Gaetano
    |
    Mar 20, 2020
    New York Gov. Andrew Cuomo is now saying that every single nonessential worker must stay home in order to combat the coronavirus pandemic.
  • Stocks Sag After Short Morning Rally

    By:
    Chris Gaetano
    |
    Mar 20, 2020
    Stocks started off the day in a promising position, having come off a massive rally the day before, but as of 12:15 p.m., those gains had more or less been erased, making it seem more and more likely that markets will continue their downward spiral.