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This Michael Jordan memorabilia is raking in the dough! The NBA legend continues to cause a scene, even well into retirement, after a game-worn patch card with his signature sold for a record-breaking $2.7 million. According to TMZ, the rare card is considered one of the greatest hoop cards ever made. It not only has the basketball star’s autograph, but also includes a swatch of the jersey worn by him during the 1992 NBA All-Star Game (There are only 23 copies of the card). “It makes sense that this card — and the innovative new designs and card styles that it spawned in the industry — is one of the most pivotal in our hobby,” said Ken Goldin, the president of Goldin Auctions who’s responsible for auctioning off the artifact. This is the first card to feature a signature and a piece of a game-worn jersey, which is why experts are calling it historic. Jordan first entered the league in 1984 as a Round 1, third overall pick by the Chicago Bulls, where he played until retiring with the...
We’ve all felt the impact of COVID-19 on our personal lives, both financially and emotionally. But for small business owners, the pandemic packs an extra punch. According to a survey performed by the National Federation of Independent Business , about half of small business owners said they’d be unable to continue operations for more than two months without help. Impacted entrepreneurs are experiencing slower sales, supply chain disruptions and, of course, concerns about employees contracting the illness — and that’s all on top of figuring out how to keep their doors open. Fortunately, there are steps small business owners can take to help their companies come out of this quarantine on the right side of the proverbial dirt. Just as you use masks and hand sanitizer to help you survive the pandemic personally, here are some tools to help your business make it out alive, too. 1. Apply for emergency funding The coronavirus has led to unprecedented economic pressures — which is part of...
For businesses struggling to keep their doors open in the wake of the COVID-19 pandemic, the federal Payment Protection Program (PPP) can be a lifeline. Watching that PPP funding hit your account can feel like instant relief, but now the real work starts. Strategically using the PPP funds can be the difference between sink or swim for many business owners. Use these tips to help decide the best ways to spend your PPP funding to survive this period until business resumes its new normal. 1. Prioritize cash management The eligible uses for PPP funds have changed slightly since its inception — a June 2020 amendment states that in order for the loan to be forgiven, 60% of the funds from the loan must be spent on payroll while 40% can be spent on bills such as rent or utilities. This gives business owners more freedom to negotiate expenses and potentially keep more cash on hand throughout the pandemic. Any business owner knows cash management is crucial to business success, and the PPP...
Celebrities have played a big role in coronavirus relief efforts. From Megan Thee Stallion, ASAP Ferg, and Diddy to Fat Joe, many have done their part on and offline to be a resource to the rebuilding of the community. However, rapper Desiigner is taking on an active role in coronavirus relief to assist New York residents in managing rent payments. The Grammy-nominated artist revealed in a virtual interview with Forbes that as a landlord of multiple New York properties, he is giving his tenants a break on paying rent amid COVID-19. “Some people can’t afford rent right now and I have to hold that. How are you going to be able to live for the next couple months?,” he said to Forbes. “You gotta take it easy on your tenants, be understanding of what’s possible right now. I have to take the hits because I also don’t want to see anybody on the street. I can help so I do.” The pandemic especially hits home for the Brooklyn native, who has family members who also need resources to help stay...
Despite the news that loan relief with extremely low interest is on the way, it’s unclear if it’ll be enough to save entrepreneurs hit hard by COVID-19. A new LendingTree survey of more than 1,200 small business owners found that 71% worry they’ll never recover from the downturn. Business owners are holding on by a thread as more governors join the long list of states closing non-essential businesses. Nearly half of small business owners have temporarily closed their businesses, our survey found. They have also laid off workers or reduced their hours and sought funding, often unsuccessfully, to stay afloat. Key findings 71% of small business owners are worried their business will never recoup the losses associated with the COVID-19 pandemic. Business owners in the accommodation/food service and retail trade sectors are among the most likely to fear for their company’s future. Nearly half — 47% — of small business owners surveyed have taken on debt to keep their business afloat...
The CARES Act stimulus checks may offer some relief to taxpayers amid the coronavirus outbreak, but distribution may pose a problem for the millions who don’t use direct deposit to receive their tax refunds. In 2019, 19.8 million taxpayers waited longer for their tax refunds to arrive via paper check. Today, these same taxpayers will have to wait longer again — potentially up to an additional three months — for their stimulus checks. MagnifyMoney looked at the 100 largest metro areas in the U.S. to determine where taxpayers used direct deposit the most (and least) to receive their 2018 tax refund. Cities with the highest percentages of check-receiving taxpayers are where people will likely wait longer for financial relief to arrive. In this review, we’ll cover: Key findings Where taxpayers may have to wait longer for their stimulus checks What to do if you didn’t use direct deposit File your 2019 tax return as soon as possible Provide your banking information to the IRS online Open...
Amid the coronavirus outbreak, millions of people around the world are coming together to help those in need. Whether they’re giving back, donating supplies, or contributing to relief funds, companies and people are doing their part to support one another. Sports, in particular, is an industry that’s taken a heavy hit as many events and games have been suspended indefinitely. While all sports are on pause right now, some big-name athletes like Zion Williamson, Stephen Curry, and Kevin Love are digging into their wallets to pitch into the relief efforts. Most recently, sports agency Octagon has launched its own initiative, Athletes for COVID-19 Relief , as a fundraising tool for all athletes to show their support for those in need. View this post on Instagram A post shared by Nathan Adrian (@nathangadrian) Through this fund, Forbes reports that over 100 athletes from various sports have donated their signed memorabilia to help raise money to go towards supplies and other relief...