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Market Update: June 3, 2020

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OCNJ Daily is Ready to Help Local Businesses Rebound This Summer

It’s a summer like no other, as Ocean City and area businesses begin to open up, adjust to the new normal and greet seasonal visitors, second homeowners and residents. There’s a spirit of optimism as America’s Greatest Family Resort rebounds from the days of sheltering in place and closing of many institutions and businesses. Customers want to buy products and services, and need to do so with the confidence that they and their families are safe to move past the crisis. That’s where OCNJ Daily and its MediaWize sister sites in Sea Isle City, Somers Point and Downbeach (Longport, Margate and Ventnor) come in. MediaWize stands ready to help area businesses with customizable, flexible and affordable marketing and advertising packages. MediaWize’s sites have the largest audience in our region, which gives us the ability to get our advertisers' messages out in the most efficient way for them to capitalize on business this summer. For starters, OCNJ Daily is rolling out a new resource for both paid and non-paid businesses, called “Safely Open for Business.” It will run beneath each day’s feature story on OCNJ Daily...

Weekly Market Review: May 26, 2020

By the middle of March 2020, most U.S. states had implemented "stay-at-home" orders and social distancing, slowing down the housing market throughout the country. Buyers were forced to look at prospective purchases online, even making offers without ever setting foot inside the property. Not surprisingly, the number of buyers willing to go to such lengths was limited, but even more startling was the lack of inventory of single-family homes.

Market Update: May 20, 2020

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Weekly Market Review: May 18, 2020

During the month of April 2019, an average of 2.34 million passengers were screened each day by the TSA at airports across the United States. Within days of President Trump's declaration of a national emergency on  3/13/20, the airline industry went the way of the entire business world - almost a complete shutdown.

Weekly Market Review: May 11, 2020

The stock market is a "forward-looking" institution, pricing each day thousands of publicly traded securities based upon where buyers and sellers see the companies' fortunes playing out on their profit-and-loss statements many months down the road. How else might one explain the results of last Friday 5/08/20? On a day when the U.S. government reported a stunning national jobless rate of 14.7% as of 4/30/20, up from a 50-year low of only 3.5% just two months earlier, domestic stocks continued a rally that began seven weeks ago.

Market Update: May 6, 2020

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Weekly Market Review: April 27, 2020

In the last seven weeks, Congress has passed, and President Donald Trump has signed into law four separate pieces of legislation to counter the impact of the COVID-19 pandemic. The first (HR-6074, 3/06/20) sent $8.3 billion to the FDA and CDC. The second (HR-6201, 3/18/20) provided $3.5 billion to expand paid sick leave and increased federal funding for Medicaid. The third (HR-7 48, 3/27 /20) was the major legislative effort, the $2.3 trillion CARES Act that included money for families, states, hospitals, businesses (big and small) and a boost to unemployment benefits.

Market Update: April 25, 2020

Read a special update for April 25, 2020

Councilman Tony Wilson Seeks Re-election on Record of Getting Things Done

Tony Wilson says he has never been much interested in being a politician. But he is absolutely committed to serving the town where he has lived all his life. “I’m not signing up for a Debate Club,” Wilson says. “I’m here to get things done.” Currently serving as vice president of City Council, Wilson is running for re-election as Ocean City’s Third Ward representative. He is part of the only contested race in the May 12 municipal election, which will be decided only by mail-in ballots. Wilson points to an unprecedented track record of success in dredging back bays, replacing bulkheads, repaving roads and alleys, improving drainage, replenishing beaches, reconstructing the boardwalk, rebuilding playgrounds and in making many more improvements for the Third Ward. “Ocean City has always been a spectacular place to live, work and visit. It always will be,” Wilson says. “But when I first took office, there was a lot that needed to be done.” Wilson was first elected in 2011 at a time when failing drainage systems flooded neighborhoods throughout Ocean City, when bayside lagoons were too shallow for boating, and when the city’s facilities fell into disrepair...