On March 27 the president signed the CARES Act into law, providing $2 trillion in aid for individuals and business throughout the United States. Great uncertainty exists within the middle market as companies scramble to determine what programs are available, whether they are eligible, and how they can take advantage of the help available to them during one ... READ MORE >
Coronavirus
Please visit RSM’s Coronavirus Resource Center for business insights on how to mitigate risks related to the outbreak and tips to plan accordingly.
CARES Act expands access to loans for small and midsize businesses
The Coronavirus Aid, Relief and Economic Security (CARES) Act signed into law on Friday provides various options for small and midsize businesses facing liquidity challenges from the COVID-19 crisis. Three options are available: Option one The Coronavirus Preparedness and Response Supplemental Appropriations Act enacted on March 6 expanded the U.S. ... READ MORE >
How health care systems, dependent on outsourcing, can adjust to India’s stay-at-home order
India’s prime minister, Narendra Modi, recently ordered the country's 1.3 billion residents to stay at home for the next three weeks. While many Americans have been working from home for a few weeks and some have experienced minimal or limited productivity changes, it’s a different story in India, and this is having implications far beyond India’s ... READ MORE >
RSM Chief Economist Joe Brusuelas unpacks unemployment amid pandemic
Joe Brusuelas, RSM US chief economist, discusses the effect of the coronavirus on the labor market and the economy: https://youtu.be/rgvCtk_kF9g ... READ MORE >
Pricing in the end of the current British business cycle
The coronavirus has caused economies across to globe to adopt self-distancing as the de-facto public health policy to mitigate the spread of the disease. Nothing highlights the dangers of the virus and its spread more than the announcement that British Prime Minister Boris Johnson had tested positive for the disease. But the policy of self-distancing ... READ MORE >
Between a rock and a hard place, retailers ask to stop paying rent to survive
In a move for self-preservation, retailers are demanding that their landlords withhold or slash rent in the coming months as stores have closed to slow the spread of the coronavirus. Even before the onset of the virus, retail was already experiencing bankruptcies and store closures as consumers migrated to the web. Now, with social distancing and ... READ MORE >
For states struggling with coronavirus, stimulus package is likely not enough
The increase in out-of-work Americans became a tsunami of household distress as municipalities and states took action to stop the spread of the coronavirus. All states – with the exception of Utah – reported significant numbers of workers filing for unemployment benefits as state and local authorities and businesses took the lead in slowing the virus by ... READ MORE >
New jobless claims surge, signaling hardship for working America
Initial claims for unemployment insurance soared in the past week, as the spread of the coronavirus multiplies and the first tranche of service-sector layoffs floods state unemployment offices. This week’s initial claims increased to 3.283 million from last week’s 282,000, suggesting a substantial drop in income and household spending in the coming weeks and ... READ MORE >
Coronavirus supply chain disruptions expected to linger for manufacturers
Middle market businesses in the United States and the rest of the world have come to rely heavily on China, which exports more intermediate manufactured goods than any other country. The risk of economic disruption to this system increases the longer the coronavirus pandemic persists. Since the first confirmed case of the coronavirus disease in Wuhan, ... READ MORE >
Coronavirus pandemic hinders global automotive supply chains
With the recent passage of “phase one” of a trade agreement between the United States and China and the ratification of the United States-Mexico-Canada Agreement (USMCA), 2020 was supposed to be a transitional year for the global auto industry. Analysts had expectations that sales in the sector had bottomed out and that growth in China would support the ... READ MORE >