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NoDerog | E+ | Getty Images Those government stimulus checks should be on their way soon to millions of Americans. Many people have still have a lot of questions about them. Last week, Washington lawmakers approved a $2 trillion relief bill in response to the coronavirus outbreak that includes a payment of $1,200 for single taxpayers
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Don’t be surprised if your employer pauses its contributions to your 401(k) plan during the U.S. economic downturn. As the coronavirus pandemic wallops the economy, and businesses deal with dropping revenue and limited cash flow, employers are exploring how to trim their obligations to those plans without violating federal regulations. Companies commonly give to worker’s
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Countries under lockdown should do what Singapore has done to blunt the spread of the coronavirus, according to an infectious disease expert working with the World Health Organization. While the Southeast Asian nation continues to report new cases of infections daily and has seen recent spikes, it has managed to steer clear of the kind of catastrophic outbreaks
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A near-empty Piccadilly Circus is seen pictured at night on March 28, 2020 in London, England. Ollie Millington | Getty Images British tech start-ups are lobbying the government for an emergency support package to help them weather the storm of the coronavirus pandemic. The U.K., which has been formally on lockdown since March 23, introduced
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This is a live blog. Please check back for updates. Global cases: More than 782,300 Global deaths: At least 37,582 Top 5 countries: United States (161,807), Italy (101,739), Spain (87,956), China (82,198), and Germany (66,885) The data above was compiled by Johns Hopkins University as of 7:42 a.m. Beijing time. All times below are in
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The $2 trillion coronavirus relief package President Donald Trump signed into law Friday significantly expands unemployment benefits for out-of-work Americans. The law pays laid-off and furloughed workers an extra $600 a week, for up to four months, and extends existing state benefits by 13 weeks. It also offers jobless benefits to previously ineligible groups, such
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SEC Chairman Jay Clayton said Monday that the practice of short selling — effectively betting that a stock will drop — is needed to “facilitate ordinary market trading.” “We shouldn’t be banning short selling,” Clayton told CNBC’s “Squawk Box.” However, he said the Securities and Exchange Commission did replace the old uptick rule with a
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Stocks opened higher on Monday, attempting to build off of last week’s historic rally, where the Dow Jones Industrial Average and S&P 500 post their best 3-day win streaks since the 1930s. Sentiment was helped after President Donald Trump said national social distancing guidelines have been extended to April 30 and by optimism around a coronavirus treatment. 
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This is a live blog. Please check back for updates. All times below are in Beijing time. Global cases: More than 720,100 Global deaths: At least 33,925 Top 5 countries: United States (139,675), Italy (97,689), China (82,122), Spain (80,031) and Germany (62,095) The data above was compiled by Johns Hopkins University as of 7:50 a.m.
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Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters The Mortgage Bankers Association in a dire letter to regulators Sunday warned that the U.S. housing market is “in danger of large-scale disruption,” due to efforts by the Federal Reserve
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Hank Paulson David Orrell | CNBC Former Treasury Secretary Hank Paulson warned that the U.S. faces a “very difficult road ahead” after President Trump signed a historic $2 trillion coronavirus relief bill.  Paulson, a key figure in helping the country avoid economic catastrophe during the 2008 financial crisis, drew on his experience from that tumultuous period
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College acceptance letters are already in the mail. Now high school seniors must decide their fate for September. Up until now, National College Decision Day, the deadline for high school seniors to choose which college they will attend, has always been May 1. This year, however, the global coronavirus pandemic and extreme economic uncertainty have pushed many
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This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This live blog will be updated throughout the day as the news breaks. Global cases: More than 679,000 Global deaths: At least 31,000 United States cases: At least 124,600 United States deaths: At least
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The stock market has gone so haywire amid the coronavirus crisis that some strategists on Wall Street are giving up on forecasting what comes next. Over the past week or so, chief market strategists at BMO, Oppenheimer and Canaccord Genuity have all suspended their year-end targets on the S&P 500, blaming the unprecedented economic uncertainty that makes projecting
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