Wednesday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Wednesday’s business headlines.
Some US taxpayers have until Wednesday to file for the $500 per child stimulus payment from the IRS.
Individuals receiving social security, survivor disability or disability and railroad retirement benefits have until noon Wednesday.
To file, got to IRS.gov and click on the button on the front page for non-filers.
These are tough times for ride-sharing companies Uber and Lyft.
With travel dried up and entertainment closed, the companies aren’t making money.
Uber says its bookings are down 80%.
The spring and summer months are traditionally the hottest home-buying season, but one housing expert predicts sales to drop as much as 40% during that time because of the coronavirus outbreak.
The National Association of Realtors chief economist says prices shouldn’t decline much though.
Trading in oil contacts set a record Monday of 2 million at the CME.
That’s when oil prices sank into negative territory.
Meanwhile, the United States oil fund dropped 30% as managers made multiple changes to the fund’s structure in an effort to stave off additional losses.
The US oil fund halted trading multiple times.