Money & Finance
Get the latest Money & Finance news from The Daily Grind. We cover the economy, stock markets, jobs, unemployment, GDP, banking, the Fed, and many other subjects that impact YOUR money.
Latest Stories in Money & Finance
- AIIB and ADB to lend billions in battle against coronavirus Financial Times
- Some Vinco Financial Group (HKG:8340) Shareholders Have Copped A 96% Share Price Wipe Out Yahoo Finance
- What China’s interest-rate muddle says about its financial system The Economist
- Huntsville City Schools hires chief school financial officer WAFF
- Global lay-offs surge as 6.6m Americans file jobless claims Financial Times
From the Archives
- The companies that are pledging not to lay off workers amid the coronavirus unemployment crisisA record 6.6 million Americans applied for unemployment benefits last week. But some companies pledged to hold off on job cuts, and are offering workers a financial cushion. Source: The companies that are pledging not to lay off workers amid the coronavirus unemployment crisis
- McConnell Urges Pelosi to Abandon Effort to Use Coronavirus Relief Bill to Achieve Unrelated Policy GoalsSenate Majority Leader Mitch McConnell dismissed attempts by House Speaker Nancy Pelosi to spearhead talks about a fourth coronavirus relief bill, saying that she should "stand down" on the proposal.“She needs to stand down on the notion that we’re going to go along with taking advantage of Source: McConnell Urges Pelosi to Abandon Effort to … Read more
- Fed Temporarily Eases Capital Requirements for Big BanksThe Federal Reserve on Wednesday said it was temporarily taking steps to ease an obscure capital requirement for large banks to address strained conditions in the Treasury market. Source: Fed Temporarily Eases Capital Requirements for Big Banks
- Jobless Claims Soar to 6.6 Million, Shatter Another RecordJobless claims surge by an astounding 6.6 million as the coronavirus pandemic-led shutdown of the U.S. economy spurs unprecedented claims. More than 6.6 million Americans filed for unemployment benefits in the last week of March, the U.S. Labor Department reported on Thursday – an unheard of number never before recorded in the U.S. – as … Read more
- Hobby Lobby quietly reopened stores in at least 2 states, defying coronavirus-related shutdowns and prompting police intervention"I used to love working for this company, but since this pandemic, I've seen how callous and irresponsible it has been," an employee in Ohio said. Source: Hobby Lobby quietly reopened stores in at least 2 states, defying coronavirus-related shutdowns and prompting police intervention
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Money Magazine
- No, your check won't be taxed as ordinary income.
- Rates have fallen again for some borrowers, especially those looking for 30-year fixed-rate loans.
- The cuts we've seen so far are "the tip of the iceberg."
- American workers are participating in “the largest social experiment ever.”
- Trying to buy a home? It’s not easy but there are ways to get the deal done. Although the coronavirus outbreak has ground many industries to a halt and forced people across the country to shelter in place, Americans are still buying homes. For the week ended March 27 — even as large swaths of…
Market Watch
- This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
- This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
- This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
- This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
- This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
The Economist
- Ask a Chinese economist what the benchmark rate is, and brace yourself for an avalanche of numbers
- Norges Bank Investment Management is the world’s single largest owner of equities
- Europe’s largest insurer is exposed through its life-insurance and its asset-management arms
- April 1st was payday—and the day that big bills were due
- But all expect a dreadful year
CBS Money Watch
- A flood of workers are applying for jobless aid as the coronavirus plunges the U.S. economy deeper into recession.
- Much-needed funding is on the way to fight a rapidly-growing problem in this crisis: food insecurity. Meg Oliver reports.
- More than 6.6 million Americans have filed for unemployment benefits last week, double the number of claims from the week before. Experts are saying next week's numbers could be worse. Mark Strassmann reports.
- Investor also tied to shuttered hospital outside Chicago that officials say could treat patients with coronavirus disease.
- Covid-19 is "significantly" worsening hunger in America, Amazon CEO says in announcing donation to Feeding America.
CNBC Stock Market Headlines
- Since 1990, the Dow Jones Industrial Average and S&P 500 Index have bounced back in quarters that directly follow quarters when the S&P declined by 10% or more, according to market history.
- "People that purchase these gift cards will be able to give 10% of those proceeds, roughly, to health-care organizations that are supporting" health-care workers, CEO Brian Niccol said.
- "We're doing all that we can to support our customers at this time of rapid change and uncertainty," General Electric CEO Larry Culp said after temporary cuts were made in its aviation business.
- Futures tied to the major U.S. stock indexes pointed to a flat start to Friday's session, leaving Wall Street on track for weekly losses.
- "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.
Yahoo Finance
- (Bloomberg) — Oil slid back below $25 a barrel following a record surge as doubts crept in over U.S. President Donald Trump’s claim he had brokered a deal that would see deep supply cuts from Saudi Arabia and Russia.Futures dropped as much as 7.1% after surging almost 25% in New York on Thursday after Trump […]
- (Bloomberg) — Boeing Co. expects several thousand workers to retire or accept a buyout offer as the planemaker races to shrink its operations amid a historic unraveling of global travel from the coronavirus pandemic, said a person familiar with the company’s plans.The manufacturer will start by offering the exit package in the U.S., while selectively […]
- Oil prices fell on Friday, coming off their biggest one-day gains in the previous session after U.S. President Donald Trump said he had brokered a deal between Saudi Arabia and Russia to cut output, but made no offer to reduce U.S. production. U.S. West Texas Intermediate (WTI) crude futures fell 5.2%, or $1.32, to $23.98 […]
- '[If] you are an entrepreneur, if you’re a small business operator, you need to be cognizant and you need to apply ASAP,' Mark Cuban says.