Experts share coronavirus money tips: Savings, taxes and more

The sudden economic slowdown caused by the coronavirus pandemic has many Americans thinking about their daily finances.

Money experts Andrea Woroch and Allison Kade shared their tips for making the most of your budget.

CORONAVIRUS LAYOFFS SURGE IN U.S., WITH 1 IN 5 HOUSEHOLDS REPORTING LOST WORK

“There is a lot of panic happening right now — from food shortages at grocery stores to health concerns to income and financial worries,” Woroch told FOX Business. “The best thing you can do for yourself right now is to make a financial plan to help you get through these tough times.”

1. Get your tax refund.

Tax season looks a little bit different this year because of the virus. The Trump administration authorized the deferral of $300 billion in IRS payments, although Americans

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Weekly unemployment claims drop, but jobs not yet recovered

Updated


SEATTLE (AP) — New weekly claims for unemployment insurance in Washington

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Orange Business Services Delivers Collaboration and Contact Center Services for ZIM to Improve Customer Experience in Cargo Shipping

PARIS–(BUSINESS WIRE)–ZIM Integrated Shipping has extended its contract with Orange Business Services for cloud-based contact center and collaboration services, including network connectivity and audio and web conferencing. This solution will continue to boost collaboration and productivity across 20 contact centers globally, resulting in an enhanced experience for ZIM’s customers.

ZIM is one of the largest carriers in the global container shipping industry, and Orange has a long-standing relationship with the shipping giant as its trusted partner to provide its worldwide corporate IT infrastructure. ZIM remains at the forefront of the carrier industry due to its ability to rapidly adapt to the shipping industry’s commercially changing models and emerging market needs. The contact center and collaboration services help ZIM differentiate itself in a market where high-quality customer experience is one of the main drivers for retention and satisfaction.

Leveraging cloud to transform the customer experience

Orange deployed Managed Contact

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Why bank ATM fees are now higher than ever (And what it could cost you)

If you often grab cash from the closest ATM while you are out and about without paying attention to the fine print of the out-of-network ATM withdrawal fee— now is a great time to start.

Hopefully you are one of the more and more Americans who have stopped wasting money on these out-of-network fees, which is the price you pay to take your money out of an ATM that doesn’t belong to your bank. But if you are not, you should know that by remaining in the club you are now paying more than ever to get your hands on your own money.

The cost of the average out-of-network ATM withdrawal has reached a new record high of $4.72, according to the latest Bankrate.com Checking Account and ATM Fee Study released on Wednesday. This all-in fee, which includes the

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Deutsche Bank Says ‘Monopoly Money’ Is Whizzing Across Asia

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A construction site in Shenzhen in southern China’s Guangdong province, on November 9, 2018.


AFP via Getty Images

Even as Asian countries appear to be the first to escape the economic ravages of coronavirus, activity is still below normal.

But money supply growth is a notable exception. Growth in the M2 measure of money supply—that’s all cash in circulation plus savings instruments like money-market funds—is nearly 2 standard deviations above the five-year average, according to
Deutsche Bank
strategists Mallika Sachdeva and Bryant Xu.

There isn’t just one reason for it. Large fiscal transfers in the form of welfare cash handouts and income support, in Thailand and Singapore for example, have boosted deposits, they point out.

Credit guarantees by governments to banks, in India and Malaysia for example, have encouraged loans to small- and medium-size businesses.

And central banks across the region have been purchasing debt, both government securities

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Should Value Investors Pick Newtek Business Services (NEWT)?

Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?

One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put Newtek Business Services Corp. NEWT stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:

PE Ratio

A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in

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SLASSCOM launches Global Technology and Business Services Council

The Sri Lanka Association for Software and Service Companies (SLASSCOM) was one of 12 global industry players that came together to launch The Global Technology & Business Services Council (GTBSC). The Council hopes to represent the industry globally. Chairman SLASSCOM Channa Manoharan participated in a webinar on July 16 to signal the launch.

The GTBSC will work to improve the Global Sourcing Standard which will set industry norms for the sector. The GTBSC shall also work on a standard contract that will be concise and can be used as a template for business to contract with.

The organization will set out an Industry Code of Conduct.

Manoharan said, “the current impact is only temporary. The Business Outlook is positive for us beyond 2021. We see companies seeing the need for increased digital adoption.”

Manoharan highlighted that Sri Lanka was already impacted by the economic fallout due to the Easter

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Small business services, resources available at Chipola College | Local



Small business services, resources available

Chipola College and the SBDC will continue working together to provide small business services and resources to business owners and constituents throughout adjacent counties in the Florida Panhandle. Pictured from left, are: Dr. Pam Rentz, Vice President of Instructional Affairs, Chipola College; Dr. Lynn Eichler, SBDC; Kelly Massey, Regional Director, SBDC; Adam McCloskey, SBDC; and Dr. David Bouvin, Dean, School of Business & Technology, Chipola College.




Chipola College and the Small Business Development Center (SBDC) continue working together to provide small business services and resources to business owners and constituents throughout adjacent counties in the Florida Panhandle.

The SBDC and small business assistance is available 10 a.m. to 3 p.m. every Wednesday. Beginning July 10, the Florida SBDC at University of West Florida (UWF) resumed their outreach hours with Chipola College each week through virtual consulting hours specifically for current or prospective business owners in the area.

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IT and Business Services Industry Form Global Alliance

Twelve lobby groups representing technology and business services organizations around the world have formed an alliance to promote and safeguard the interest of their industry on the global stage.

The alliance, known as the Global Technology and Business Services Council (GT&BSC), will represent the interests of over 10,000 companies and 10 million employees.

The Global Sourcing Association (GSA) is its founding member, and among its other allies include Latin America Service Exporters’ Association, ALES, and India’s outsourcing industry body, Nasscom.

Interestingly, the alliance is made up of both service buyers and providers, some of whom are multinationals and indigenous tech firms.

Among the Council’s goals include building a better talent pool and providing a global network for sharing best practices.

The Council argues technology services providers have played a key role in diminishing the impact of COVID-19 pandemic on the global economy.

Thanks largely to the digital tools, many businesses

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Newtek Business Services Corp. Declares Third Quarter 2020 Dividend of $0.58 per Share

Press release content. The AP news staff was not involved in its creation.

BOCA RATON, Fla., July 20, 2020 (GLOBE NEWSWIRE) — Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that its Board of Directors declared a third quarter 2020 cash dividend of $0.581 per share, which is payable on September 30, 2020 to shareholders of record as of September 21, 2020. With the payment of the second quarter 2020 and third quarter 2020 dividends, the Company will have paid a total of $1.58 per share for the first three quarters of 2020, which would represent a 9.7% increase over the dividends paid in the first three quarters of 2019 of $1.44 per share.

Note regarding Dividend Payments: The Company’s Board of Directors expects to maintain a dividend policy with the objective of making quarterly distributions in an

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