USNN World News

Business

You could receive up to $12 in Google Plus class-action settlement

by USNN World NewsAugust 8, 2020July 2, 2024

Business

US entrepreneur says China exploited coronavirus to steal his company

by USNN World NewsAugust 8, 2020August 8, 2020

Even as the number of confirmed coronavirus cases has leveled off in recent weeks, moving companies say they remain inundated with requests from people leaving New York City. Big Apple-based moving company Oz Moving, for example, told FOX Business that the volume of moves continues to rise at a “substantial rate” – in addition to a “drastic” spike in storage compared with years prior. The company has seen an average increase in quote requests of 30 percent year over year. NYC HOUSING MARKET RECOVERY MAY HINGE ON SCHOOLS REOPENING By July 15 Oz Moving was booked to capacity for the remainder of the month, and while it is always busy over the summer, 2020 marked the first time in 27 years the company was unable to take on additional jobs so early on. Similarly, Roadway Moving President Ross Sapir told FOX Business that it is the busiest summer he has ever had. “Insanely busy and for the last 3 months we couldn’t keep up with the demand,” Sapir said. To accommodate movers who have already left Manhattan, Oz Moving even recently introduced an “absentee move,” which employees can carry out when residents are not in their apartments. The company said it is quickly becoming one of its most sought-after services. Both Roadway Moving and Oz Moving told FOX Business in May that the pandemic had caused business to boom in New York City, describing a panicked flight out of the densely-populated metro. MORE AMERICANS SIGNED CONTRACTS TO BUY HOMES IN JUNE Both continue to detail an exodus, and other statistics confirm heightened interest in leaving. According to the most recent data from United Van Lines, between May and July there was a 95 percent year over year increase in interest in moving out of Manhattan. That compares with a 19 percent increase in moving interest in the U.S., overall. The top destinations for people who moved out of New York City between March and August were Florida and California – which together comprised 28 percent of relocations. Texas and North Carolina made up 16 percent of moves. New York’s Democratic Gov. Andrew Cuomo joked during a recent press conference that he has been bribing his friends to return to Manhattan with promises of free dinners and drinks. “We’re trying to get people to come back,” Cuomo said. “They’re not coming back right now.” GET FOX BUSINESS ON THE GO BY CLICKING HERE Still, some local real estate experts say perception of the issue may be overblown. Lindsay Barton Barrett, a real estate broker with Douglas Elliman, told FOX Business that some of the data and stories are skewed by the fact that in-person showings only recently resumed in Manhattan, while they were allowed in other areas weeks earlier. “The reality is that there are always people in New York selling their homes and leaving,” Barrett said. “There are certain sectors of the market that are still active and other sectors of the market that are on hold.” Barrett noted that some people may have temporarily left the city – with plans to return – which explains a dramatic spike in storage requests. As previously reported by FOX Business, a big factor that may play into the Manhattan real estate recovery is whether schools reopen. Parents often relocate to be closer to their children’s school.

Life, Nature and Tradition

NYC relocations accelerating at ‘substantial’ pace, local movers say

by USNN World NewsAugust 7, 2020August 7, 2020

Economy

US employers hire 1.8M despite new COVID-19 shutdowns

by USNN World NewsAugust 7, 2020December 5, 2024

Economy

Capital One slapped with $80M fine for 2019 data hack

by USNN World NewsAugust 6, 2020August 6, 2020

Republicans and Democrats are trying to find a middle ground on several provisions in order to pass another coronavirus stimulus package, including whether to repeal a $10,000 cap on state and local tax deductions. Senate Minority Leader Chuck Schumer, D-N.Y., unveiled a proposal in mid-July along with Congressman Tom Suozzi, D-N.Y., to fully restore the deduction in the next relief package. However, Republicans have traditionally opposed repealing the cap – which was implemented as part of the 2017 Tax Cuts and Jobs Act – arguing that it primarily favors wealthy individuals in high-tax states, which have been accused of budget mismanagement prior to the pandemic. SALT CAP REPEAL THE 'SINGLE BEST' ACTION TO HELP NEW YORK, CUOMO SAYS Earlier this week, Senate Majority Leader Mitch McConnell blamed Democrats for holding up the package over “’an unrelated tax cut for rich people.” The Kentucky Republican made similar comments at the end of July. Schumer has maintained that the bill needs to support state and local governments. CORONAVIRUS HIT HIGH-TAX STATES RENEW SALT CAP REPEAL EFFORTS While the Republican-sponsored HEALS Act does not adjust the measure, House Democrats approved a stimulus proposal in May that called for reinstating the SALT deduction for 2020 and 2021. Repealing the cap could be helpful in high-tax states as they consider how to return to business as usual once the coronavirus crisis subsides. It has caused an exodus from these higher-tax states, which has, in turn, resulted in a loss of state tax revenues. “We need to bring our federal dollars back home and cushion the blow this virus –and this harmful SALT cap--has dealt so many homeowners and families locally,” Schumer said in a statement. Suozzi added that families would leave New York without the measure. The White House has repeatedly pushed back at efforts to overturn the provision for years. A legal challenge that was launched by New York, New Jersey, Connecticut and Maryland is making its way through the courts. CLICK HERE TO READ MORE ON FOX BUSINESS A handful of local officials have been outspoken about repealing the provision, including New York Gov. Andrew Cuomo, who is trying to get Manhattan’s wealthiest taxpayers to return to the city. Cuomo said in May that repealing the cap would be the “single best piece of action” to help the state, claiming it costs New York state about $29 billion per year. New Jersey Gov. Phil Murphy also said undoing the cap would be a form of “main street stimulus.”

Economy

In SALT cap stimulus square-off, lawmakers squabble over $10,000 deduction limit

by USNN World NewsAugust 5, 2020August 5, 2020

Economy

McConnell open to extending $600 unemployment boost in coronavirus stimulus deal

by USNN World NewsAugust 5, 2020August 19, 2024

Economy

Stocks rally as slow coronavirus-relief talks move in ‘right direction’

by USNN World NewsAugust 4, 2020December 5, 2024

New Hampshire

New Hampshire legalizes ‘flying cars’ for the road

by USNN World NewsAugust 3, 2020August 3, 2020

Healthcare

Kodak lands $765M US loan under Defense Production Act to boost drug production

by USNN World NewsAugust 3, 2020August 28, 2024

Finance

Pittsburgh launches ‘guaranteed income’ program with Jack Dorsey money

by USNN World NewsAugust 3, 2020December 19, 2025

National News

Cuban business owner in Louisville decries BLM protesters’ demands as ‘mafia tactics’

by USNN World NewsAugust 3, 2020August 31, 2024

NATIONAL NEWS

Trump Appears to Confirm 2nd Aircraft Carrier Being Prepared for Middle East Deployment

By Jack Phillips President Donald Trump on Thursday appeared to confirm in a post on social media that a second aircraft carrier is being prepared ...

FBI Says 2020 Election Irregularities at Center of Georgia Investigation

By Joseph Lord The FBI says that election irregularities in the 2020 presidential ballot count are at the center of its investigation into a Fulton ...

Patel Says FBI Looking at Multiple Persons of Interest in Guthrie Case

By Jack Phillips FBI Director Kash Patel said on Tuesday that the bureau is investigating “persons of interest” in connection with the disappearance of “Today” ...

FBI Releases New Images of Potential Suspect in Nancy Guthrie Kidnapping

By Zachary Stieber The FBI on Feb. 10 released new images and videos showing a person outside the home of Nancy Guthrie, the mother of ...

Savannah Guthrie’s Family Requests Police Presence at Missing Mother’s Home, Officials Say

By Jack Phillips Police are monitoring the Arizona home of “Today” show co-host Savannah Guthrie’s mother, Nancy, the Pima County Sheriff’s Department (PCSD) said in ...

California Sues Companies for Supporting Ghost Gun Manufacturing

By Naveen Athrappully California Attorney General Rob Bonta has filed a lawsuit against two companies and more than 100 individuals, accusing them of unlawfully distributing ...

Guthrie Family Says It Received a Message and ‘We Will Pay’ for Mother’s Return

By Jacki Thrapp The family of Nancy Guthrie has offered to pay the alleged kidnapper(s) to return their 84-year-old mother who vanished nearly one week ...

FBI, Sheriff’s Department Probing New Message in Nancy Guthrie Disappearance Case

By Aldgra Fredly The FBI in Arizona and the Pima County Sheriff’s Department on Feb. 6 said they are investigating the authenticity of a new ...

TSA Says It Has Successfully Rolled Out New Identity Verification System for American Flyers

By Naveen Athrappully The Transportation Security Administration (TSA) successfully implemented TSA ConfirmID, which offers airline passengers without Real ID documentation an alternative method to get ...

US Arrests Key Suspect in 2012 Benghazi Attack, DOJ Announces

By Ryan Morgan WASHINGTON—The U.S. government has apprehended a key suspect in the Sept. 11, 2012, attack on U.S. diplomatic outposts in Benghazi, Libya, Attorney ...

Freight Train Derails in Connecticut, Sending Cars Carrying Liquid Propane Into River

By The Associated Press MANSFIELD, Conn.—A freight train derailed Thursday in Connecticut, sending cars carrying flammable liquid propane into the water, though officials say they ...

Georgia’s Fulton County Sues for Return of 2020 Election Documents Seized by FBI

By Matthew Vadum Fulton County, Georgia, is suing the federal government for the return of 2020 election documents that the FBI seized in a raid ...