The majority of eligible Americans will receive their coronavirus aid payments no later than April 15, Fox News has learned. A senior Treasury official told Fox News on Friday that by the middle of next week, tens of millions of eligible Americans will have money from the federal government directly deposited into their bank accounts. […]
Category: Personal Finance
Calculate How Much Your Stimulus Check Will Be
The House of representatives on Friday passed the largest aid measure in American history, a $2 trillion stimulus package that President Donald Trump signed into law. Direct payments will be made to Americans to help offset financial hardships incurred during the coronavirus pandemic. The coronavirus outbreak has quickly evolved from a health crisis to a […]
Stocks Fall For 7th Straight Day
Wall Street just suffered its worst week since the financial crisis, with all three major indices entering correction and the Dow Jones Industrial Average losing a staggering 3,500 points in just five days. The massive sell-off was fueled by rising uncertainty about the coronavirus epidemic, and comes as multinational companies abandoned or downgraded their forecasts […]
Dow Jones Crashes 1200 Points Due To Coronavirus
Wall Street suffered brutal losses on Thursday, with the Dow Jones Industrial Average swinging wildly through more than 1,000 points before closing with a loss of 1,190 points. It marks the worst week for the blue-chip index since the financial crisis. The Dow has now lost 3,200 points this week, or 10 percent, including a […]
Wells Fargo Fined $3 Billion For Fake Account Scandal
Wells Fargo, the nation’s fourth-largest bank, agreed Friday to pay a $3 billion fine to settle a civil lawsuit and resolve a criminal prosecution filed by the Justice Department over its fake account scandal. Under pressure to meet sales quotas, bank employees opened millions of savings and checking accounts in the names of actual customers, […]
Dow Rises 250 Points To Record High
Stocks rose on Wednesday as investors shook off concerns over how the coronavirus would impact corporate profits and the global economy. (Click here to get the latest news on the market). The Dow Jones Industrial Average traded 263 points higher, or 0.9%, and hit a record. The S&P 500 advanced 0.6% to an all-time high […]
Dow Jones Drops 400 Points Due To Coronavirus Fears
The Dow Jones Industrial Average was down more than 400 points as trading began on Monday, as uncertainty over the spread of the coronavirus has rattled global markets. The S&P 500 and Nasdaq also took a tumble Monday morning, after authorities over the weekend announced a fifth case of the virus in the U.S. and […]
Social Security Checks To Go Up 1.6%
As lawmakers are looking for ways to expand and preserve Social Security, Americans might be in for a smaller cost of living adjustment (COLA) next year. According to a new estimate released by The Senior Citizens League on Thursday, the 2020 COLA is forecast to be a 1.6 percent increase – which would come out […]
Dow Jones Continues Slide As Trade War Looms
“The worry is that the U.S.-China tariff war is spreading into other markets,” Matousek added. He cautioned, however, against panic. “People need to remember the market still is up 13% year-to-date,” he noted. “There’s unrealized wealth that’s disappearing at the rate of 1.5% and that has people worried but it’s off record highs.” President Donald […]
Dow Plummets Nearly 800 Points As Trade War Escalates
U.S. stocks Opens a New Window. went into freefall on Monday, with the Dow Jones Industrial Average down 900 points at its low before curbing some of those losses, ending the session 767 points lower. All three of the major market averages lost about 3 percent led by the tech-heavy Nasdaq Composite in what is […]
Trump Campaign Boosted By Another Strong Jobs Report
A new jobs report that said the economy added a better-than-expected 224,000 jobs in June delivered good news on Friday for President Trump, solidifying the sense that economic growth will be a source of strength for his reelection bid next year. There was little bad news in the report, which showed job growth in manufacturing, […]
Bernie Sanders Want To Wipe Out $1.6 Trillion In Student Loan Debt
Sen. Bernie Sanders, I-Vt., proposed a plan Monday to eliminate all $1.6 trillion in student debt held by Americans by levying a tax on Wall Street banks. Speaking outside of the Capitol building and flanked by Reps. Ilhan Omar, D-Minn., and Pramila Jayapal, D-Wash., Sanders called for the elimination of all student loan debt held […]