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 …
Read More »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 …
Read More »TaxWatch: Are you receiving unemployment? Read this before filing your taxes
Millions of Americans have lost their job during the COVID-19 outbreak and are relying on unemployment benefits as they pay their bills and re-start their career. That’s a serious challenge they face right now. Without some planning, they could also face a future problem — an unanticipated, unbudgeted tax bill …
Read More »With over 35 million people filing for unemployment since March, $1,200 stimulus checks are only a Band-Aid for Americans
More than 130 million stimulus checks are already winding their way to millions of Americans. They’re a key part of the government’s $ 2.2 trillion CARES Act, but furloughed and laid-off workers say a maximum $ 1,200 payment is not nearly enough to see them through what could be an …
Read More »Unemployment soars, Wall Street paints positive future
The unemployment rate in the United States is at its lowest level since World War II. According to the Bureau of Labor Statistics’ jobs report out Friday morning, the unemployment rate skyrocketed to 14.7% with 20.5 million jobs lost in April. That last time we had double-digit unemployment was 1982 …
Read More »Economic Report: Jobless claims might top 5 million for third straight week, push unemployment to 15%
Some 5 million Americans likely applied for jobless benefits for the third week in a row in mid-April as the coronavirus outbreak took an even bigger bite out of the U.S. economy, pushing the unemployment rate to around 15% unofficially. Nearly 17 million people have already filed new jobless claims …
Read More »The truth about unemployment and missed mortgage payments
More than 10 million Americans have filed for unemployment over the last few weeks as the effects of COVID-19 continue to spread. Global cases have now topped one million with the United States seeing 1,000 deaths in one day due to the virus. The ongoing issues with the spread of …
Read More »Market Snapshot: Dow futures plunge as coronavirus slams market, Fed official warns unemployment could hit 30%
U.S. stock-index futures fell by the most allowable for the day Sunday evening as the cases of coronavirus globally neared 330,000 and the market appeared unhappy with a lack of government action to address the current and expected fallout from the COVID-19 pandemic. On top of that, a U.S. central …
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