The S&P had its worst day in nearly a month as earnings season rolls on.

The number of people applying for unemployment benefits rose last week for the first time since the pandemic struck in March, just as a $600 weekly federal aid payment for people who lost their jobs is set to expire this week. Southwest Airlines and American Airlines both slumped after reporting huge second-quarter losses and warning that the recovery in air travel seen in April has stalled.

Inconspicuous high-tech cleaning equipment and health safety monitors...

...are offering retailers a visually less alarming way to keep their stores clean.

Visiting a retail store may feel radically different from pre-pandemic times — with capacity restriction, hand sanitizer dispensers, and mask mandates — but in other ways, non-invasive, inconspicuous technologies are working behind the scenes to stop the spread. 

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U.S. small business owners face difficulties in making rent payments...

...and landlords can't afford to evict them.

The economic shutdowns and on-again-off-again re-openings have made it hard for business owners to cover their rent, which can sometimes be their largest expense.

That has created an uncomfortable tension and interdependency with the often small, independent landlords or small real estate firms from which they rent. Those landlords, after all, have their own expenses and taxes to pay.

An informal survey taken at the end of June by small business advocacy group The Main Street Alliance found that nearly 60% of its members had delayed or reduced their commercial rent payments in the past four months. Nearly half said they've had to pay business expenses by borrowing against their home or using their personal credit cards.  

The economic strain likely will get worse before it gets better for everyone.

Free Quarantine Craft Kits from Help Heal Veterans

Being in quarantine can get lonely and boring. VA has teamed up with Help Heal Veterans to deliver quarantine kits to help keep Veterans occupied and entertained.

The kits contain reading and educational materials, craft supplies, and materials that can be used to help Veterans create their own face masks.

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Huawei

It is the largest telecom equipment manufacturer in the world, and its prices can’t be beat. However, some Western governments worry that the Chinese government could use Huawei gear as a Trojan horse to spy on them. The U.S. has been the most anti-Huawei of all, consistently pushing its allies to block the company.

Initially, the UK wasn’t swayed, saying it would allow Huawei gear in the “non-core” parts of its 5G network. But yesterday it made a U-turn, citing U.S. sanctions on chips that could dent the quality of Huawei products.

The British reversal is a major geopolitical win for the U.S. in its fight with China for tech supremacy.

Oil crash lessons for businesses.

Yes, April 20, 2020, will go down in history as the 1st time the price of a barrel of oil crashed below zero.

The price war between Saudi Arabia and Russia, compounded by the unexpected impacts of coronavirus, sent the value of oil spiraling in mid-February.

What does all this mean for small and medium-sized businesses? 

* If, as a small or medium-sized business, you’re heavily invested in oil-related industries, now is a good time to diversify your portfolio.

* Consumer and business prices for oil-related products aren’t determined by the base price of a barrel of oil. There are other costs involved, including refining, distribution, packaging, etc. While slightly lower prices are likely, you shouldn’t count on pumping stations offering petrol for free just yet.

* Taxpayer-Backed Loans for SMBs Went to the Fossil Fuel Industry

Conclusion

Good financial management is essential to small and medium businesses. Many companies will shut down as a result of what’s happened over the last few months. And an even greater number will struggle to get back on their feet. That's why it's important to cut costs with no upfront fees at  BusinessRefund.com