2ND STIMULUS bill PASSES Congress DRASTICALLY SHORT OF EXPECTATIONS

Lawmakers were able to come to an agreement on a $900 billion COVID-19 stimulus deal on Monday that covers a second round of stimulus checks which allocates $600 for most Americans. It also includes extended unemployment with a $300 boost to strengthen the benefit in addition to expanding eviction moratoriums for renters. The bill is in conjunction with a $1.4 trillion spending bill that protects federal programs and agencies until Sept. 30, which is the ending of the fiscal year. The Paycheck Protection Program is also being expanded and will now include local newspapers, broadcasters and non profits. Small business grants will gain another $20 billion with live event venues being allocated $15 billion, additional funds were directed to vaccine testing and distribution. The SNAP (Supplemental Nutrition Assistance Program) or SNAP has also been backed with $13 billion stipend.

BY: BEWITTY Staff

Kanye West & Lebron James Make Forbes Richest Celebrities List

Forbes has released a few notable list lately with it’s “highest paid” celebrities being the latest. The accumulated wealth of the total roster (100 listees) equaled a whopping “6.1” billion before taxes and fees. The pandemic was not able to stop these Black men from assuming top ten positions among celebrity earners. Their acquired fortunes spanned across a variety of sectors including athletics, fashion and entertainment but was not limited to it.

Tyler Perry/$97M #6 Kanye West/$170M #2
Dwayne Johnson/$87.5M #10

Lebron James/$88.2M

BY: BEWITTY Staff

Yelp Is Putting Their Money Where Their Reviews Are By Investing In Black Banks

On Tuesday Yelp announced that they are disbursing $10 million into a trio of Black banks across the country in a company effort to aid “undeserved” communities according to CNN. The receiving banks have been named as Carver Federal Savings Bank (NY), Citizens Savings Bank & Trust Company of Tennessee and Broadway Federal Bank staked in California. The chief financial officer stated that Yelp knows “financial services or access to capital is not equitably distributed in the United States” and that their mission is to “bring consumers together with great local businesses and to support a vibrant local community.” The move follows the companies earlier decision to allow businesses to identify as Black owned on their platform in a move to assist their visibility of being found by patrons. That action resulted in a 35x increase in search rates for those establishments.

BY: BEWITTY Staff

Student Loan Repayments Postponed Until 2021

The U.S. Department of Education’s Secretary Betsy DeVos announced on Friday that the government will extend the forbearance period on federal student loans until January 31, 2021 due to business closures as a result of rising Covid-19 cases.

The short relief does not include private student loans. Interest has been paused on federal student loans since early March, when the pandemic became prevalent however individuals who are seeking to make payments can still do so via their loan servicer.

BY: BEWITTY Staff

Walmart Axes Online Shipping Minimum To Compete With Amazon

Walmart has made known that it will ditch it’s online shipping minimums for patrons who hold a Walmart+ membership in an effort to become a better competitor against Amazon.

Starting Friday Walmart+ members will automatically qualify for free next day and two day shipping despite the total amount of their orders. Exclusive customers will qualify for free shipping whether items total $35 or not. Walmart’s “Chief Customer Officer said “being able to toss an item in your cart, regardless the total, and check out right away lets them knock little things off their to-do-list in no time. Walmart+ went live in September and cost 12.95 per month or approximately $98 per year. The membership includes gas discounts the ability to skip long checkout lines and grocery deliveries.

BY: BEWITTY Staff

Walmart Axes Online Shipping Minimum To Compete With Amazon

Walmart has made known that it will ditch it’s online shipping minimums for patrons who hold a Walmart+ membership in an effort to become a better competitor against Amazon.

Starting Friday Walmart+ members will automatically qualify for free next day and two day shipping despite the amount of their orders. Exclusive customers will qualify for free shipping whether items total $35 or not. Walmart’s “Chief Customer Officer said “being able to toss an item in your cart, regardless the total, and check out right away lets them knock little things off their to-do-list in no time. Walmart+ went live in September and cost 12.95 per month or approximately $98 per year. The membership includes gas discounts the ability to skip long checkout lines and grocery deliveries.

BY: BEWITTY Staff

Black Friday Scammers Are Lurking Here Are 5 Tips To Stay Safe

Between Black Friday and Cyber Monday Americans are expected to shop online like never before and scammers have self appointed themselves alongside retailers looking for opportunities to cash in. The FBI’s section chief Steven Merrill, said via a phone interview that the “agency” is preparing for cybercriminals to put in extra work to negatively capitalize on consumers this year. He also stated that many are “economically distressed and people tend to make decisions that they wouldn’t normally do because circumstances are different.” While also cautioning shoppers to do their “due diligence and be careful.” Here a five tips to keep the bag secured this holiday season.

1. Make sure the site you are shopping on is legitimate-Digital thieves are known to set up fake e commerce stores so make sure the place you’re purchasing from is credible and when in doubt buy the item (if available) from an established retailer.

2. Update Security Software-Downloading your phones/laptops latest security update can alleviate general bugs lagging on your device and strengthen out of date firewalls.

3. Do not click on advertisements sent to your email unless you are certain the source is valid.- Email phishing scams are common and clicking on an unknown link can grant a hacker permissions that give them access to your devices personal settings including financial information and passcodes.

4. Do not use public or free WIFI connections while shopping with a credit or debit card.- They’re typically less secure than home networks. If able use a VPN or virtual private network it possesses the ability to hide your location or ISP online.

5. When shopping online check for “HTTP” in the websites address.- The absence of a lock icon/http is a direct affirmation that the site is unsecure.

BONUS TIP: Shop at a local black owned business:)

BY: BEWITTY Staff

Black Friday Scammers Are Lurking Here Are 5 Tips To Stay Safe

Between Black Friday and Cyber Monday Americans are expected to shop online like never before and scammers have self appointed themselves alongside retailers looking for opportunities to cash in. The FBI’s section chief Steven Merrill, said during a phone interview that the “agency” is preparing for cybercriminals to put in extra work to negatively capitalize on consumers this year. He also stated that many are “economically distressed and people tend to make decisions that they wouldn’t normally do because circumstances are different.” While also cautioning shoppers to do their “due diligence and be careful.” Here a five tips to keep the bag secured this holiday season.

1. Make sure the site you are shopping on is legitimate. Digital thieves are known to set up fake e commerce stores so make sure the place you’re purchasing from is credible and when in doubt buy the item (if available) from an established retailer.

2. Update Security Software: Downloading your phones/laptops latest security update can alleviate general bugs lagging on your device and strengthen out of date firewalls.

3. Do not click on advertisements sent to your email unless you are certain the source is valid. Email phishing scams are common and clicking on an unknown link can grant a hacker permissions that gives them access to your devices personal settings including financial information and passcodes.

4. Do not use public or free WIFI connections while shopping with a credit or debit card. They’re typically less secure than home networks. If able use a VPN or virtual private network it possesses the ability to hide your location or ISP online.

5. When shopping online check for “HTTP” in the websites address. The absence of a lock icon/http is a direct affirmation that the site is unsecure.

BONUS TIP: Shop at a local black owned business:)

BY: BEWITTY Staff

Disney Announces Massive Layoffs Due To Covid-19

The most magical place on earth this past year has been the power of staying in the house and not vacationing something that hasn’t faired to well for the “Walt Disney Co” Theme Parks. The companies recent filing with the Securities and Exchange Commission has stated that it plans to layoff more than 32,000 people in the first half of 2021. The pandemic induced the shuttering of it’s California attractions while social distancing guidelines & attendance restrictions have caused the subsequent reduction of it’s enchanting staff. A Disney spokesman confirmed that the latest numbers also represent the 28,000 that were slated for unemployment earlier this year.

BY: BEWITTY Staff

Roblox Applies To Go Public (IPO)

This years prospect of intermittent quarantining has monetarily worked for a few companies with ROBLOX being one of the recipients.

The digital gaming company has been a hit with children during their newly homebound status due to the current pandemic, widely increasing it’s value. On Thursday ROBLOX initiated paperwork to go public by years end after it’s revenue rocketed by a whopping 91% or $242 million. In simple financial terms ROBLOX has filed to enter the stock market as a company and offer shares or pieces of it’s empire with the public for purchase. That means if your children play this game you can invest in this tech giant and likewise benefit from any possibility of further growth or the contrast. “ROBLOX’s platform” according to NBC consist of millions of games and interchanging characters that can be accessed across multiple mobile devices/ systems and a variety of consoles. Is your Robinhood ready?

BY: BEWITTY Staff