Latest Articles

  • 'Where's the Beef?' Goes From Retro Slogan to Literal Question for Fast Food Chain

    By:
    Chris Gaetano
    |
    May 5, 2020
    A recent analysis has found that nearly one-fifth of Wendy's locations are out of meat due to massive supply chain disruptions from the global pandemic.
  • Second Round of PPP Funding More Than Halfway Finished

    By:
    Chris Gaetano
    |
    May 5, 2020
    While it has lasted more than 48 hours, the second round of funding for Paycheck Protection Program loans is still going fast, as it took just one week to use up more than half the money.
  • Markets Rise as States Reopen

    By:
    Chris Gaetano
    |
    May 5, 2020
    Major market indices are up today, with traders hoping that, as states lift lockdown measures, businesses will regain their health.
  • Credit Cards Companies Crack Down as More Americans Come to Rely on Them in Pandemic

    By:
    Chris Gaetano
    |
    May 5, 2020
    The global pandemic and the attendant economic chaos has led Americans to rely on their credit cards more than ever, but this in turn has led credit card companies to impose new restrictions, as they see more customers becoming risks.
  • Regulatory Roundup - April 28 to May 4

    By:
    Chris Gaetano
    |
    May 4, 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.
  • IRS Warns Businesses They Can't Deduct Expenses if Their PPP Loans Are Forgiven

    By:
    Chris Gaetano
    |
    May 4, 2020
    The IRS has released guidance warning that if a business takes advantage of a Paycheck Protection Program loan, it will be unable to deduct expenses if its loan is eventually forgiven.
  • Former Bank of England Head Talks About the Limits of Certainty in Financial Predictions—Including the Ultimate Impact of COVID-19

    By:
    Chris Gaetano
    |
    May 4, 2020

     Lord Mervyn King served as the governor of the Bank of England from 2003 to 2013. His new book, Radical Uncertainty Decision-Making Beyond the Numbers, co-authored with economist John Kay, discusses the failure of policymakers to properly account for the unknown, and how, in their zeal to come up with definitive answers to unanswerable questions, they create a sense of false certainty that prevents us from seeing the world as it really is. He took the time to talk to The Trusted Professional about his book, as well as about current developments in an increasingly chaotic economy. The Q&A has been edited for length and clarity.

  • Markets Start Week in Sag Over Tensions with China

    By:
    Chris Gaetano
    |
    May 4, 2020
    Markets started the week down in response to a growing war of words between the White House and the Chinese government, as well as recent moves by billionaire investor Warren Buffet.
  • Fed Releases Guidance on Corporate Bond Buying Program Amid Concerns Actions Will Create 'Zombie' Companies

    By:
    Chris Gaetano
    |
    May 4, 2020
    The New York Federal Reserve issued guidance outlining how its new corporate credit facilities will work once they open later this month.
  • Jobless Claims Climb by 3.8 Million

    By:
    Chris Gaetano
    |
    Apr 30, 2020
    This week's unemployment figures show that 3.8 million more people have applied for jobless benefits, bringing total claims now to over 30 million since the middle of March.