Morning Business Report: July 14, 2021
Jane King speaks on the latest business news, including warnings for American companies, tax refunds, and looming issues with the aging population.
The IRS announced tuesday that it’s going to be refunding about 4 million people in the next few days as many overpaid their 2020 unemployment insurance taxes in 2020.
The U.S Government will warn American companies about the risks of operating in Hong Kong as the Chinese government has the ability to gain access to data that foreign companies store there.
There’s also a warning about the costs of supporting the aging population as there may not be enough federal aid to support at-home care for the elderly and disabled as they grow older.
Lastly, the pandemic pushed many to new hobbies, including an increased enthusiasm in grilling. Weber Grills saw a boost in revenue of 62% from March 2020 to March of 2021, as well as an increase in net income.