This article is reprinted by permission from NerdWallet. Some states are stepping in to help private student loan borrowers, who were not aided by the coronavirus relief act. Private lenders reached an agreement in late April with the governments of California, Colorado, Connecticut, Illinois, Massachusetts, New Jersey, Vermont, Virginia and Washington state. …
Read More »Europe Markets: European stocks rise at the open on lockdown-lifting optimism
European stocks rose on Monday on optimism over lockdown restrictions being lifted across the globe. The German DAX DAX, +0.36% rose 0.3% and the U.K. FTSE 100 UKX, +0.76% , after a three-day break, rose 0.8%. Stocks hit hard during the crisis including Virgin Money UK VMUK, +8.45% and CINE, …
Read More »Key Words: He started the day with $77,000 — by midnight, he owed $9 million
“ ‘I was in shock. I felt like everything was going to be taken from me, all my assets.’ ” That’s Syed Shah (not pictured), a 30-year-old daytrader in Toronto whose ill-fated attempt to dip his toe into the oil pits CL00, -1.17% was covered in a recent story by …
Read More »Key Words: Barack Obama blasts Donald Trump over coronavirus response
“ ‘Absolute chaotic disaster’ ” Those are the words former President Barack Obama used to describe President Donald Trump’s response to the coronavirus pandemic, according to a leaked recording obtained by Yahoo News. “It would have been bad even with the best of governments,” Obama, while making a push for …
Read More »Weird and wonderful Mother’s Day gifts to stay connected — vibrating bracelets, virtual classes with top chefs and ‘friendship lamps’
There are no rules for Mother’s Day during a pandemic or any other year, but there are ways you can use technology to say connected in surprising ways. Mother’s Day spending is expected to reach $ 26.7 billion this year, up from $ 25 billion last year, despite the economic …
Read More »Key Words: A wave of bankruptcies, surging taxes, and Americans harboring lasting scars from coronavirus lockdowns — the head of world’s largest asset manager warns of grim outlook
The era of coronavirus has already been hard on the American psyche, but the CEO of the world’s largest asset manager cautions that everyone should brace for even rougher days ahead, as the U.S. attempts to emerge from the worst public-health crisis in more than a century. BlackRock’s Chief Executive …
Read More »Mark Hulbert: Why the long run might not bail out your stock portfolio after all
If we’re being honest, the range of possible coronavirus-related economic outcomes is huge — all the way from “happy days are here again” to a new Dark Ages. I raise these possibilities by way of commenting on Warren Buffett’s subdued confidence at Berkshire Hathaway’s BRK.A, +1.73% BRK.B, +1.93% annual meeting …
Read More »Outside the Box: It’ll be ‘Happy MAMA Day’ when we Make America Manufacture Again
It’s understandable why so many American manufacturers moved their operations to China. They saved money on production, increased margins, and competed more effectively. Producing abroad is still more economical, but COVID-19 is reminding everyone, from President Donald Trump on down to the average Joe and Jane, that national defense and …
Read More »In One Chart: As the S&P 500 surges from March lows, investors fled the most popular stock-market fund—here’s what one analyst says that means
Tom McClellan, market technician and publisher of the McClellan Market Report, says investors are fleeing one of the most popular exchange-traded funds on Wall Street, even as stocks rally off their March lows. The State Street-sponsored SPDR S&P 500 ETF Trust SPY, +1.65%, which offers investors exposure to S&P 500 …
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