Month: July 2020

CNBC’s Jim Cramer said President Donald Trump’s Thursday morning tweet that suggested delaying the November election could cause problems for equity investors.  “It sows chaos, and chaos is bad for the stock market,” Cramer said on “Squawk on the Street.”  Dow futures extended their fall slightly in the wake of Trump’s tweet. They then made
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getty Continued economic uncertainty associated with the COVID-19 pandemic is concerning to Americans of all ages, especially those living in retirement. Below we address four questions retired investors are asking about ways to optimize their planning in the months ahead. 1. Should I waive my RMDs? The Coronavirus Aid, Relief, and Economic Security(CARES) Act—the $2
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Boeing 737 MAX airplanes, along with one Boeing 787 at top, are parked at Grant County International Airport October 23, 2019 in Moses Lake, Washington. David Ryder | Getty Images Boeing is scheduled to report second-quarter results before the market opens on Wednesday as the coronavirus pandemic continues to hurt demand for new aircraft and its
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As Jeff Bezos is defends Amazon‘s largess in front of the U.S. House Committee on the Judiciary on Wednesday (“Just like the world needs small companies, it also needs large ones,” his prepared remarks read), his ex-wife MacKenzie Scott has announced an update on her own efforts to dismantle the mountain of money and privilege
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People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020. U.S. Federal Reserve Chair Jerome Powell on Thursday said the COVID-19-induced economic downturn has inflicted acute pain across the country, noting that the burden is not evenly spread. Ting Shen | Xinhua via Getty Images Some borrowers benefit
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By Roger McIntosh, Next Avenue Contributor getty As our country braces against the ebb and flow of mandates to stay-at-home, we should give serious consideration to the repercussions of self-quarantine or isolation on the mental and physical well-being of those most vulnerable to Covid-19. As a health psychologist and expert in human immunodeficiency, I know
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Robert Goulder, contributing editor at Tax Notes International, and Joseph J. Thorndike, contributing editor at Tax Notes Federal, discuss the recent Supreme Court decisions on the release of Trump’s financial records. Here are a few highlights . . . On the historical perspective of presidential subpoenas Joseph J. Thorndike: These issues go way back to the early days
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TOPLINE President Trump on Wednesday promised U.S. suburban residents that the value of their homes would not be impacted by crime or the construction of low-income housing after an Obama-era rule designed to limit housing segregation was ended last week, the culmination of years of deregulation effort by Trump and a reported appeal to suburban
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The World Health Organization on Wednesday advised public officials against trying to achieve so-called herd immunity to the coronavirus by allowing it to rapidly spread throughout their communities, saying it will overwhelm hospitals and kill a lot of people. Herd immunity is necessary to really contain a virus, according to epidemiologists. That is generally achieved
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General Motors Chairman and CEO Mary Barra on April 1, 2020 tours one of the company’s facilities in Warren, Michigan that will produce Level 1 face masks. GM General Motors is set to report its second-quarter earnings before the bell on Wednesday as the automaker attempts to recover from the coronavirus pandemic that’s shuttered factories
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A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell:  Qorvo — The semiconductor company’s stock jumped 7% in extended trading after Qorvo released financial results for its fiscal first quarter of 2021. Qorvo reported adjusted earnings of $1.50
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Residents of Imperial County in California wait in a bookkeeping shop in Calexico after filling out unemployment forms on July 24. Photo by Mario Tama/Getty Images Senate Republicans unveiled their plan to replace an extra $600-a-week boost in unemployment benefits on Monday. That subsidy — which the federal government has been paying on top of typical
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