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NATIONAL CITY (KGTV) -- Police in National City are searching for several suspects who reportedly robbed a jewelry store early Tuesday afternoon. According to police, three suspects entered the Eclipse Jewelry store just before 12:30 p.m. The suspects, only described as police as three black men, smashed three to six jewelry cases and got away with an unknown amount of jewelry. RELATED: Good Samaritan picks up diamond ring dropped by jewelry store robber, witnesses sayAfter leaving the store, police say the suspects ran to a getaway car on North 2nd Avenue. Police are looking into whether or not this incident is linked to a string of jewelry store robberies in late 2018 and early 2017. Between December of 2018 and February of 2019, at least three other jewelry stores throughout San Diego County were robbed in a similary manner. Check out the map below to see where the other jewelry stores were located: 924

NATIONAL CITY, Calif. (KGTV) - One person was shot near a convenience store in National City Tuesday.The shooting happened about 11 a.m. near the 7-Eleven at 151 N. Highland Ave. near Eta.A clerk at the store confirmed the parking lot was blocked off by police. She said she did not see any violence or hear any shots fired.10News is monitoring breaking developments. 375

Millions of small businesses are fighting off permanent closures, looking for every possible penny to help them stay afloat amid the pandemic. However, there is a little-known CARES Act rule that could net small businesses tens of thousands of dollars in just a few weeks, and it helps keep more people employed.Back in March, when Congress passed the CARES Act, most of the focus for businesses was on the billions of dollars allotted for Paycheck Protection Program (PPP) forgivable loans. Congress also included a temporary tax rule, at the same time, for businesses.“If you had a loss in 2018, 2019, or 2020, any of those years, you could carry it back up to five years to generate refunds,” said Chris Catarino, a CPA with the firm Drucker & Scaccetti in Philadelphia.Catarino explained that under the new rule, businesses can generate a tax refund by applying 2020 losses to taxes paid over the past five years, essentially making the tax burden in past years less, netting them the refund.Losses for 2020, though, can only be filed after Dec 31, 2020. However, the temporary rule also applies to 2019 and 2018. So, if a business had losses over those two years, they could carry back those losses to their respective five-year period and possibly generate a refund.Businesses can start filing for a refund on 2018 and 2019 losses now. Catarino explained they would have to file an amended return or 1045 form.“The 1045 is generally quicker,” said Catarino “The IRS is required to respond and process those within 90 days.”The tax refund, under the temporary net operating loss rule, could mean tens of thousands of much-needed dollars for some businesses. However, Catarino pointed out that the biggest refunds would be for businesses with the largest “swing” from the prior years.For example, take a business that did extremely well in 2019. It likely paid a high tax bill that year. Then, this year, it had a significant loss of business. That business could get most of the money it paid in taxes the year prior, possibly even all the money it paid but nothing more than was paid in taxes. The same principle applies to 2018 and 2019.“The idea that they could recoup some taxes that they already paid in the past, today, could really be significant,” said Todd McCracken with the National Small Business Association. “It could mean the difference between keeping your doors open or not.”Although the temporary tax benefit could save some businesses, there is concern that the businesses that may need it the most may not be aware of it.“It is the smallest companies that don’t know, that tend to deal with their taxes once a year,” said McCracken. "They don’t have an ongoing relationship with a CPA. They go have their taxes prepared in the spring and find out, ‘Wow, I could’ve had this benefit all along.’ Next spring, of course, could be too late.”It could be too late for many businesses, especially if another round of coronavirus-related closures occurs and a second stimulus package isn’t passed soon. 3031

Mortgage rates are likely to set record lows in August for the third month in a row.The 30-year fixed-rate mortgage averaged 3.18% APR in July, a record low in NerdWallet’s mortgage rate survey. The average rate tumbled 15 basis points compared with June, which at the time had the record low monthly average.The recession has caused rates to fallMortgage rates fall when the economy stalls. And the economy has been sputtering for months as the COVID-19 pandemic sent millions of people to the ranks of the unemployed.The U.S. economy shrank at a 32.9% annual rate from April through June, the Commerce Department reported July 30. The slowdown happened because businesses, state and local governments, and consumers cut their spending. Consumers cut way back on clothing and footwear purchases, among other items.? MORE: How mortgage rates are determinedGood news for refinancers, hard times for othersThe COVID-19 pandemic has helped some homeowners while injuring others, and it may harm many renters as well.Among the beneficiaries are homeowners with high credit scores who haven’t suffered interruptions in income. They have met the qualifications to refinance their mortgages at record-low interest rates.Home sellers have thrived in many housing markets, as home prices have risen despite surging unemployment, an unusual combination. Home resale prices were up 3.5% in June, compared with a year before, according to the National Association of Realtors. One reason for the increase in prices: Fewer homes were for sale because of social distancing. The reduced supply of for-sale houses led to increased competition among buyers, pushing prices upward.Homeowners must catch up on missed paymentsBut the COVID-19 recession may end up harming more homeowners than it helps.In late July, 3.9 million homeowners were using mortgage relief plans that allow borrowers to miss payments or make partial payments if they have been affected by COVID-19, according to the Mortgage Bankers Association. Eventually, those homeowners will be expected to catch up on their missed payments. Some homeowners’ incomes were permanently reduced. They may find it difficult to make good on their past-due payments.Renters could be out in the coldRenters could end up suffering the most. According to the U.S. Census Bureau’s Household Pulse Survey, 18% of renters, or 13.3 million households, didn’t pay their full rent in June. And in mid-July, one-third of renters surveyed, representing 23.8 million households, told the bureau that they had no confidence or slight confidence that they would make their next rent payment.Congress, along with state and local governments, imposed limits on evictions early in the pandemic, but some of those protections have expired. On top of that, 0 extra weekly unemployment insurance payments were set to expire at the end of July, and as the clock ticked down to the August recess, Congress was still negotiating an extension.Even with tenant protections in place, about 4% of renters have received an eviction notice or have been threatened with eviction since March, according to data from the Urban Institute’s Coronavirus Tracking Survey.When eviction bans expire, tenants have few options:Apply for emergency rental assistance, if the state or city offers it and still has money.Reach a repayment agreement with the landlord. Under such an agreement, tenants pay extra each month until they catch up with the past-due rent. But a repayment plan requires the tenant to have the money and the landlord to be willing to make a deal. Neither of those is a sure thing.If it’s not swamped with similar requests, the local legal aid service might be able to step in and help negotiate a deal with the landlord.? MORE: What COVID-19 means for mortgage ratesMore from NerdWalletCompare current mortgage ratesHow much home can I afford?Buying or selling a home during the pandemicHolden Lewis is a writer at NerdWallet. Email: hlewis@nerdwallet.com. Twitter: @HoldenL.The article Mortgage Outlook: Recession Presses Down on August Rates originally appeared on NerdWallet. 4108

Move over, "The Bachelor." The royal wedding of Prince Harry and Meghan Markle — now the duke and duchess of Sussex — was a huge ratings draw.In the US, about 29 million people tuned in on Saturday morning, according to Nielsen's total of the 15 channels that showed the wedding.Some viewers awoke at 4 or 5 a.m. ET to watch the arrivals. But the ceremony officially started at 7 a.m., so that's what the 29 million figure measures.Between 6 and 9 a.m. ET, including the arrivals and the procession afterward, NBC averaged 6.4 million viewers, ABC averaged 6.3 million, and CBS had 4.8 million. On cable, Fox News had 1.9 million, CNN had 1.8 million and MSNBC had 1 million viewers.In the UK, the ratings were higher for Prince William and Kate Middleton's wedding in 2011.Those nuptials averaged 24 million viewers there, while Saturday's festivities averaged 18 million viewers.Still, it was "by far the biggest television event of the year" in the UK, The Guardian reported.The UK has a total population of about 66 million.The US has five times the population. Markle is an American woman who married a prince, so it makes sense that this wedding stirred more interest in the US.William and Kate's wedding in 2011 started a little earlier in the morning, on a weekday, and averaged 22.8 million viewers in the U.S.Nielsen said the official average for Harry and Meghan was 29.2 million, but that only counts people watching on TV at home. An unknown number streamed the wedding on mobile devices.There was strong interest later in the day, as well. Cable news ratings remained high all day long. CNN rebroadcast the wedding in prime time and averaged 1.6 million viewers, out-rating Fox and MSNBC. 1725