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 »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 »: Boris Johnson forced to self-isolate after Covid contact in crunch week for Brexit
Britain’s Prime Minister Boris Johnson wearing a face mask jeremy selwyn/Agence France-Presse/Getty Images Britain’s Prime Minister is being forced to self-isolate after coming into contact with a politician who has tested positive for coronavirus, in a vital week that could determine whether the key Brexit trade deal will be agreed …
Read More »The Ratings Game: Ulta Beauty shares jump after ‘mutually beneficial’ partnership with Target announced
Both Target and Ulta will benefit from the beauty partnership they’ve announced, analysts say Target Ulta Beauty Inc. ULTA, -1.48% shares jumped 7.4% in Tuesday trading after the retailer and Target Corp. TGT, +0.19% announced a partnership that would bring Ulta shops to Target locations. Ulta Beauty stock has rallied …
Read More »: Airline stocks blast off after upbeat news on potential COVID-19 vaccine
ROSEMONT, IL – SEPTEMBER 3: An American Airlines jet is seen in the air preparing to land September 3, 2004 at Chicago’s O’Hare International Airport in Rosemont, Illinois. American Airlines announced December 10, 2004 that they will be raising domestic airfares $ 10 for round-trip and $ 5 for one-way …
Read More »Market Snapshot: Dow slightly lower after jobs data as U.S. election count continues
Kena Betancur/Agence France-Presse/Getty Images U.S. stocks were modestly lower in early action Friday, threatening to end a four-day winning streak, as investors sifted through October jobs data, continued to monitor election results, and weighed a surge in COVID-19 cases. What are major benchmarks doing? The Dow Jones Industrial Average DJIA, …
Read More »Market Extra: Dow futures rise nearly 200 points Tuesday evening after big regular-session rally on Election Day
U.S. stock-market futures on Tuesday evening tilted higher after a big rally in the regular session and as the votes of hundreds of millions of Americans were being tallied in the crucial election between President Donald Trump and former Vice President Joe Biden. Stock investors are betting that a decisive …
Read More »: House Republicans taunt Hillary Clinton after Barrett’s Supreme Court confirmation
Former Secretary of State and first lady Hillary Clinton, seen in a March file photo. AFP/Getty Images Some House Republicans celebrated Monday night’s Senate confirmation of Amy Coney Barrett to the Supreme Court by taunting Hillary Clinton, whose election loss to Donald Trump four years ago opened the door to …
Read More »Key Words: The U.S. could be looking at ‘severely’ limited growth even after the pandemic, warns top hedge-fund exec
Getty Images “ ‘A number of countries have done a much better job of dealing with the virus without inflating their budget deficits and printing money.’ ” That’s Bob Prince, co-chief investment officer of the world’s largest hedge fund at Bridgewater Associates, explaining to Bloomberg in a recent interview why …
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