An article posted on Wednesday, published by The Global Crypto Press Association, discusses the $2 Trillion Coronavirus Aid Package, which includes $500 billion for large companies, $339 billion for local governments, $377 billion for small business, as well as a long list of smaller allocations for specific or specialized purposes (such as stocking up on supplies in the case of future pandemics). The article specifically addresses the portion that could impact the markets – $560 billion, dedicated to helping individuals. “The basic breakdown is, any American earning under $99k will receive a payment of approximately $1200, then if they’re not working at the moment (and most people are not) they qualify for unemployment – another $600/week. The unemployment is supposed to last up to 4 months, and while the $1200 is currently a one-time payment, politicians are already discussing a possible second payment,” Ross Davis of the San Francisco News Desk writes. “Stuck at home, no work, but still bringing in $3600 throughout April – this has to impact the market somehow… Who else feels like most crypto traders will make sure at least some of this ends up in their portfolio?”
To view the full press release, visit http://nnw.fm/Ir9Ur
About The Global Crypto Press
The Global Crypto Press is based in the heart of Silicon Valley, with reporters and readers around the world! Its content appears on multiple platforms reaching MILLIONS! The content is syndicated on multiple partner sites throughout the world, and it is also official publishing partners with both Apple News, and Google News. For more information, visit www.GlobalCryptoPress.com.
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork.
