Now that President Trump has signed a $ 900 billion relief package authorizing a new round of direct payments, the new question for many is when they will receive the $ 600 checks. Treasury Secretary Steve Mnuchin said late Tuesday that direct deposits will begin tonight, and paper checks will …
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Dear Moneyist, Perhaps you can lead me to the proper channels so I can take action. I am a mother to 5 young boys: 3 are biologically mine and, earlier this year, I received a $ 500 stimulus payment for each of them. Last year, my partner’s 2 young boys …
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The dips keep on coming. This week’s Freddie Mac average on a 30-year fixed-rate mortgage dropped to 2.67%, another historic low. Freddie Mac’s Chief Economist Sam Khater was optimistic in this week’s release, saying “Homebuyer sentiment is sanguine and purchase demand shows no real signs of waning at all heading …
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Friday morning’s Dow futures sank more than 200 points as investors continue to await a decision in Washington D.C. The House of Representatives adjourned on Thursday after passing a spending plan to keep the federal government open for another week as Republicans and Democrats try to figure out a second …
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The U.S. economy is recovering but there’s still a long way before it comes back to even. With the overhang of the presidential election largely behind us, Congress should quickly pass another stimulus bill. Although U.S. GDP rose 7.4% in the third quarter of 2020, the economy is still more …
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Joe Biden was projected Saturday to become the nation’s next president, according to the Associated Press, after campaigning on an ambitious domestic agenda he hopes will improve voters’ finances and invigorate an economy battered by the coronavirus pandemic. Tax hikes for the rich, broadened health care coverage and student loan …
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More people will shop online this holiday season, sending sales soaring, according to Adobe. (Getty Images) Adobe Analytics forecasts U.S. e-commerce sales to rise by one-third this year, reaching a record $ 189 billion, but that number could hit $ 200 billion if stores shut down again and another round …
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The U.S. Capitol dome is seen from the Russell Senate Office Building. (Getty Images) Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi will keep working on a large coronavirus stimulus deal over the weekend, Pelosi’s office said, even as many lawmakers now see no chance for a vote before …
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The U.S. stock market has rebounded mightily in recent months but Howard Marks cautions investors to brace for a tough slog in the economy, and that’s even if a fresh fiscal stimulus package can be passed by Congress to help heal the coronavirus-stricken business climate. “Thus, this down-cycle cannot be …
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