Post about "Business"

How Small Businesses Can Secure Their Payroll and Check Printing

The financial industry faces a constant threat from criminals. Large and small businesses alike can fall victim to check fraud. In order to safeguard funds, businesses must make sure that they using sensible methods when printing checks.Many businesses print their own checks because it saves time and money. A company can print payroll checks for employees and payment checks for suppliers. While self-printing can save money, it can also increase the chances of fraud. Payroll check security can be achieved by following a few simple guidelines:1. Always use the correct equipment. In order to maintain the integrity of payroll checks, you should use MICR technology. Use a MICR printer with MICR toner to print checks. This makes the checks easier for the bank to process and more difficult for criminals to duplicate.2. Only print on blank check stock. Using pre-printed check stock makes it easy for criminals to steal checks and then simply fill in the blanks.3. Use blank check stock with security features. Built-in security features make it impossible to duplicate checks. Check paper should contain one or more of the following security features: copy void pantograph, micro printed border, watermark seal, or chemically reactive paper.4. Only allow a small number of people access to check printing utilities. In order to prevent check fraud, always make sure that you know who has access to checks. Keep check-printing equipment locked in a secure area. Do not leave blank check stock or software exposed in plain sight.5. Always shred documents that contain personal or company account information. Criminals have been known to rummage through trash bins to find the information they need to commit identity theft and check fraud.Always remember that money is a great motivator. People can be driven to lie, cheat, and steal if their need for money is great enough. For the safety of your personal and business finances, never provide unnecessary temptations. By following the rules above, you can decrease your chances of becoming a victim of check fraud.

S&P 500 Rallies As U.S. Dollar Pulls Back Towards Weekly Lows

Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.

Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.

The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.

Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.

Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.

Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.

From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.

S&P 500 Tests Resistance At 3730

S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.

On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.