What just happened? Of all the indignities wrought by 2020, the constant up-ending of our investing expectations deserves a mention. Just when you think you’ve got it figured out, the on-again, off-again cyclical rotation vanishes through your fingers. So it was this past week, as financial markets bounced between vaccine …
Read More »: COVID-19 spread when 5 million people left Wuhan for Chinese New Year, yet 50 million Americans will still travel for Thanksgiving
How will you be spending Thanksgiving? The U.S. Centers for Disease Control and Prevention on Thursday said it was “alarmed” about the 1 million new infections over the last week, and recommended against traveling this Thanksgiving. Potential alternatives include a virtual Thanksgiving meal with friends or loved ones and contact-free …
Read More »NewsWatch: The Dow has completely recovered its 2020 bear-market loss. Here’s what comes next
MARKETWATCH FRONT PAGE Dow’s recovery since March is impressive but says nothing about how long the bull market will run, writes Mark Hulbert. See full story. Some Americans may get hundreds of dollars more in Social Security benefits under Biden’s proposed change Joe Biden wants a minimum Social Security benefit …
Read More »IRS has 1 million unprocessed returns and 3 million pieces of unopened mail after COVID-19 wreaked havoc on tax season
The Internal Revenue Service still has about one million 2020 tax returns to process after the coronavirus pandemic and distribution of millions of stimulus checks upended operations, the agency’s commissioner told federal lawmakers on Friday. “We have done all that we can really do,” said IRS Commissioner Charles Rettig, talking …
Read More »Coronavirus Update: U.S. moves closer to 200,000 daily COVID cases; Birx and Fauci urge Americans to follow safety measures over Thanksgiving
The global case tally of the coronavirus illness COVID-19 climbed above 57 million on Friday, and the U.S. moved closer to 200,000 cases in a day while setting a fresh record for hospitalizations as the virus continues to infect people in every state and region. There was disappointing news on …
Read More »Personal Finance Daily: 12 million Americans to lose unemployment benefits day after Christmas and the U.S. pays the most for prescription drugs
Hi, MarketWatchers. Don’t miss these top stories: Personal Finance 12 million Americans will lose their unemployment benefits the day after Christmas These Americans are in ‘grave danger’ if lawmakers leave them behind, wrote the authors of a new report. 6 tax moves to consider before the end of the year …
Read More »: Colleges are trying to prevent superspreader events as students head home for Thanksgiving
Thousands of college students are heading home this Thanksgiving amid a global pandemic. MarketWatch photo illustration/iStockphoto In the months leading up to the fall, much ink was spilled — including in this publication — about colleges’ plans to bring students to campus for a semester amid a global pandemic. There’s …
Read More »: Top Pentagon official Anthony Tata reportedly tests positive for coronavirus
The Pentagon in Washington D.C. Getty Images/iStockphoto Anthony Tata, a retired Army general who was recently named a top Pentagon official, has tested positive for the coronavirus, Bloomberg News reported Thursday night. Tata has been performing the duties of the undersecretary of defense for policy since last week, after Defense …
Read More »The Moneyist: My wife wants to pay for her sister’s $25K wedding. My future brother-in-law is blue collar — and earns more money than me
Dear Moneyist, Honestly, I can’t believe I’m writing this but here we go. My wife and I are in our 30s and have two young children. She is a stay-at-home mom. I am a resident physician who currently makes about $ 60,000 per year, but this will markedly increase next …
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