Hispanolistic The latest round of $600 stimulus checks is on the way, but for people who either changed their bank account information or moved recently, the next payment may be delayed. The IRS has already started the process of issuing the checks through direct deposit, and some people have already noticed the payment pending in
Month: December 2020
Traders work on the floor of the New York Stock Exchange. NYSE Stocks exit 2020 with strong gains and are riding a tailwind, but already in the dawn of the new year, the market could face its first big challenge. The final outcome of the 2020 election plays out Tuesday, when voters in Georgia will
Check out the companies making headlines before the bell: Exxon Mobil – The energy giant will write down the value of its assets by up to $20 billion for the fourth quarter, mostly related to its natural gas assets. Exxon is, however, seeing a benefit this quarter from higher oil prices and improved margins in its
The number of people filing for unemployment benefits for the first time unexpectedly fell last week, marking its second straight decline. Initial jobless claims declined by 19,000 to 787,000 in the week ended Dec. 26, the Labor Department said Thursday. Economists polled by Dow Jones expected initial jobless claims to rise to 828,000. The previous
President Donald Trump speaking in a released video on Twitter on Dec. 31st, 2020. The White House | Twitter WASHINGTON — In the final days of 2020, the United States saw coronavirus deaths spike, cases surge to staggering levels, hospitals strained and the rollout of desperately needed vaccines fall short of expectations. December was the deadliest
Senate Minority Leader Chuck Schumer said Thursday that Democrats would allow for votes limiting a liability shield for tech companies and establishing a commission to examine the 2020 election if the GOP agreed to hold a separate up-or-down vote on sending $2,000 checks to most Americans. “Just give us a vote on the House-passed bill,
Millions of Americans report not having enough money to pay for food during the pandemic. Michael Loccisano | Getty Images Entertainment | Getty Images The latest Covid relief package expands food benefits, giving further aid to millions of Americans who are facing financial difficulty because of the coronavirus pandemic. The $900 billion stimulus bill signed
Source: NYSE photo Art Cashin couldn’t lead the New York Stock Exchange in the singing of “Wait til the Sun Shines Nellie” this year, but he penned this poem for UBS and its clients, and is sharing it with us here. Happy New Year, Art. Look forward to seeing you on the floor in 2021. Subscribe
For Dr. Anita Sircar, an infectious disease specialist, there are no breaks and few days off. An implacable surge of Covid-19 cases has overwhelmed Southern California hospitals and intensive care units for most of December after public health officials warned for weeks that people should refrain from gathering with those outside their households over the holidays. Yet
U.S. President Donald Trump arrives to speak about the administration’s coronavirus disease (COVID-19) testing plan in the Rose Garden at the White House in Washington, September 28, 2020. Carlos Barria | Reuters A federal appeals court Wednesday kicked a legal battle over President Donald Trump’s financial statements back to a lower court, delaying House Democrats’
MARK RALSTON | AFP | Getty Images There’s a chance that at least a couple of people will end 2020 far wealthier than most of us. With no ticket matching all six numbers drawn Tuesday in Mega Millions, the jackpot has jumped to $401 million for Friday night’s drawing. Powerball’s top prize isn’t far behind,
Bryn Mawr Trust’s Jeff Mills is making a big bet on the economic recovery. After years of decline, he predicts small-cap stocks’ 2020 comeback will deliver even bigger gains to investors next year. “We’re at this point where monetary policy and fundamental economic growth, at least in our opinion, line up,” the firm’s chief investment officer
Sir John Bell, a professor at Oxford University in the U.K., told CNBC on Wednesday he was confident that Covid-19 vaccines could be retooled to provide effective protection against future coronavirus mutations. Bell’s comments on “Closing Bell” come as global attention focuses on a strain of the virus widely circulating in the U.K. that may
Michael Pack Source: US Senate Leaders of Radio Free Europe/Radio Liberty blasted the Trump-appointed CEO of the U.S. federal media agency. In a letter obtained by CNBC, leaders within the network criticized Michael Pack, the head of the U.S. Agency for Global Media. Radio-Free Europe/Radio Liberty is considered a non-federal broadcasting network, but it is
Mike Molitoris received the second stimulus check via direct deposit on Wednesday. The pending funds will be available to use Jan. 4. Mike Molitoris Mike Molitoris, a wealth manager in Cary, North Carolina, heard that checks were being issued via direct deposit on the radio while he and his family were out seeing Christmas lights
Traders work on the floor of the New York Stock Exchange. NYSE The pandemic turned 2020 into a year of unprecedented events — not the least of which was the swift crash and then record-fast recovery of the stock market. The market’s race higher has been in stark contrast to an economy that has been
Michael Nagle/Bloomberg via Getty Images Morgan Stanley will repay $1.7 million to customers who paid high costs on investments earmarked for education expenses like college tuition. The brokerage firm is paying the sum, including nearly $1.5 million in restitution plus interest, to about 2,300 customers who are saving money in 529 plans, the Financial Industry
Gov. Jared Polis and officials announced Denver and a number of other Colorado counties will be moved to Level Red on a newly revamped version of the state”u2019s color-coded COVID-19 dial at Boettcher Mansion in Denver, Colorado on Tuesday. November 17, 2020. Hyoung Chang | Denver Post | Getty Images WASHINGTON — Colorado health officials said
File photo showing stimulus checks printed at the Philadelphia Financial Center in Philadelphia, Pennsylvania. Jeff Fusco | Getty Images Efforts to boost the direct payments in the year-end coronavirus relief bill to $2,000 stalled Wednesday as Senate Republican leaders and Democrats appeared divided over whether to send more relief. The Democratic-held House has approved a
The $600 stimulus checks from the latest Covid relief bill are officially on their way to bank accounts, according to two tweets from Treasury Secretary Steven Mnuchin on Tuesday evening. The checks could arrive as early as tonight for those who have direct deposit, according to Mnuchin. Your stimulus check will come this way if
Wall Street forecaster Jim Bianco is bracing for a 2021 inflation comeback. His main catalysts: hundreds of billions of dollars in federal coronavirus aid and vaccines that begin normalizing the economy. “Once you get all of that into the pipeline, you could have a burst of economic activity that could produce higher inflation for the
People gather together to ask the McDonald’s corporation to raise workers wages to a $15 minimum wage as well as demanding the right to a union on May 23, 2019 in Fort Lauderdale, Florida. Joe Raedle | Getty Images The move toward a $15 minimum wage gained more ground in 2020 through the electoral victory
Treasury Secretary Steven Mnuchin answers questions during a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in the Rayburn House Office Building in Washington, December 2, 2020. Greg Nash | Pool | Reuters WASHINGTON — The Trump administration will begin sending stimulus payments to millions of Americans
Letizia Le Fur | ONOKY | Getty Images While the federal Covid relief bill addresses a key concern for small businesses with forgivable loans, these firms could still face a tax hit — this time on their state returns. In addition to pledging stimulus checks to American households and providing a $300 boost to unemployment
SINGAPORE — The increasing regulatory scrutiny of Alibaba-affiliate and financial technology powerhouse Ant Group could be bad for the Chinese economy as well as China’s financial technology sector, says Andrew Collier, managing director of Orient Capital Research. The highly-anticipated listing of Chinese tech giant Ant Group — which was set to be the world’s largest
A U.S. Congressman-elect from Louisiana who was 41 years old has died after a battle with Covid-19, his spokesman announced Tuesday night. Luke Letlow, a Republican, was elected as U.S. representative for Louisiana’s 5th Congressional District in a December runoff. Letlow spokesman Andrew Bautsch confirmed the congressman-elect’s death at Ochsner-LSU Health Shreveport on Letlow’s Facebook page.
US President-Elect Joe Biden talks to reporters after delivering remarks, before the holiday, at The Queen in Wilmington, Delaware on December 22, 2020. Alex Edelman | AFP | Getty Images President-elect Joe Biden on Tuesday criticized the Trump administration’s effort to distribute and administer Covid vaccine shots, saying that the administration has failed to meet
Ty Wright | Bloomberg | Getty Images For car buyers, the end of the year typically marks the best time to get a great deal. Things look a bit different this time around. While there are still discounts and special financing on certain makes and models, those incentives generally are not as generous as in
Check out the companies making headlines in midday trading. Ormat Technologies — Shares of the alternative energy company advanced more than 4% after Bank of America initiated coverage on the stock with a buy rating and $96 target, according to FactSet. The stock rose to an all-time high on the heels of the bullish call.
With only a few days to go, the United States will likely fall short of its goal to vaccinate 20 million Americans by the year’s end as the nation embarks on what will be a historic campaign to inoculate hundreds of millions of people against the coronavirus by the middle of next year. Two Covid-19
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