The Daily Money 5-20

Happy Wednesday, money readers. It's David here. Let's run through our top stories.

It's become pivot or perish for many small businesses that once depended on gatherings to make money in the pre-coronavirus era. In Milwaukee, smaller companies are selling care packages and offering virtual events to survive COVID-19.

Another retailer is fading during COVID-19. Pier 1 Imports, which previously said it would close half of its fleet of stores, now plans to close all of its locations because of the pandemic.

Will I lose it if I don't use it? The IRS and the coronavirus relief act give employees more options so they don't lose unspent money in flexible spending accounts.

For more money and tech news, keep scrolling down.

David Brinkerhoff, Deputy Money Editor