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Here’s what Trump’s payroll-tax deferral could mean for your paycheck

Workers shouldn’t be waiting for a windfall in their upcoming paychecks, tax-policy experts said Monday as they digested news of President Donald Trump’s executive order deferring payroll taxes. The order might not bump up take-home money all that much per paycheck — and that’s assuming employers even pause the tax …

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Economic Report: British economy suffered record collapse in the second quarter

A woman in a protective face mask waits for clients in a souvenir shop in landmark Southbank – a cultural centre of London as the city encourages internal tourism after global Coronavirus lockdown drastically shrunk international tourism in London, England, August 10, 2020. Dominika Zarzycka/Zuma Press The British economy collapsed …

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Personal Finance Daily: How much reduced unemployment benefits could slash consumer spending and when people with COVID-19 pose the greatest risk of spreading the virus

Hi there, MarketWatchers. Don’t miss these top stories: Personal Finance Will a vaccine protect me? Does sunshine help? These are the most widely shared COVID-19 myths and conspiracy theories Cold weather, snow, sunshine, antibiotics, vitamins and alcohol do NOT protect you from coronavirus. But what about goggles or wearing masks …

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Market Extra: Dow transports and Russell 2000 see ‘golden cross’ materializing

A week after a bullish golden cross pattern formed in the Dow Jones Industrial Average DJIA, +1.03%, a pair of important stock-market indexes are also beginning to generate upbeat chart formations—suggesting that a mostly technology-driven rally may be fanning out to other sectors of the market. Indeed, the Dow Jones …

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Here’s how much a reduction in extra unemployment benefits could slash consumer spending

Until July 31, some 30 million jobless Americans received an extra $ 600 a week in unemployment benefits on top of what they would have received from their state as part of the $ 2 trillion CARES Act stimulus package that was passed in March. As a result, the average …

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Capitol Report: Trump says his executive actions led to stock market’s gain, as briefing gets interrupted by shooting

President Donald Trump on Monday tied the latest gains in the stock market to his coronavirus-aid moves on Saturday, as he spoke at a news conference that was interrupted by a shooting outside the White House. “So we issue those executive orders, and the stock market went up 358 points …

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China flexes its muscles in Hong Kong with arrest of pro-democracy media tycoon Jimmy Lai

More than 200 police raided on Monday the offices of Apple Daily, the antigovernment Hong Kong paper, and detained its tycoon owner Jimmy Lai, in the first high-profile arrest under the new national security law forced upon the territory by Beijing to quell pro-democracy demonstrations. – Authorities also arrested six …

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The Moneyist: My fiancée’s divorce decree says she’s not liable for her former husband’s $100K tax bill. That should protect her, right?

Dear Moneyist, I went through a divorce about five years ago and my youngest child will graduate college this spring. I have just gotten my finances stable again and I am back saving money. I have about eight to 10 years left to work, and should have enough saved for …

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The Margin: ‘It was chaos!’ Students get suspended for posting pictures of packed halls — now the high school is closing after 9 people were infected

Last week, pictures of maskless students crowding the hall of Georgia’s freshly reopened North Paulding High School went viral and raised questions all over the internet as to whether getting kids back to school while coronavirus cases are still on the rise is a good idea. These are the kinds …

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