Money

Eldis Sula
September 01, 2020 - 1:49 pm

A New Offer May Have Brought Americans Closer to a Second Stimulus Check

Summer is almost over, and even though several crucial deadlines for a new coronavirus relief package have been missed, lawmakers may have just inched closer to a second stimulus deal.
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Kenny Kuhn
August 03, 2020 - 2:29 pm

Fed Official Says Another Full Lockdown Is Needed to Save Economy

On Sunday, president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, told CBS’ Face the Nation that the U.S. government needs to get a better handle on stopping the spread of the coronavirus if the economy is to have any chance to recover.
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Eldis Sula
August 03, 2020 - 2:00 pm

Rhode Island Mistakenly Sends Tax Refund Checks Signed by Mickey Mouse and Walt Disney

It’s the most magical check in the world — by accident. The State of Rhode Island mistakenly issued tax refund checks that were signed by Walt Disney and Mickey Mouse.
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FILE - In this May 22, 2020 file photo a sold sign stands in front of a house in Brighton, N.Y. Average rates on long-term mortgages continue to fall to new record lows, as the key 30-year loan dropped below 3% for the first time in 50 years. The stagnant economic recovery in the face of the coronavirus pandemic is keeping inflation tamped down despite pent-up homebuying demand. (AP Photo/Ted Shaffrey, File)
AP Newsroom
July 16, 2020 - 12:45 pm

US mortgage rates fall to record lows; 30-year at 2.98%

WASHINGTON (AP) — Average rates on long-term mortgages continue to fall to new record lows, as the key 30-year loan dropped below 3% for the first time in 50 years. The stagnant economic recovery in the face of the coronavirus pandemic is keeping inflation tamped down despite pent-up homebuying...
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Eldis Sula
July 08, 2020 - 3:35 pm

Will There Be a $40,000 Income Threshold for a Second Stimulus Check?

Officials are weighing several options for the form that a second round of COVID-19 relief could take. One possibility is giving checks to those who have “been hit the hardest,” according to Senate Majority Leader Mitch McConnell.
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Eldis Sula
June 30, 2020 - 1:42 pm

Can Americans Expect a ‘Very Generous’ Second Stimulus Check?

On Monday, President Donald Trump strongly signaled the prospect of a ‘very generous’ stimulus check when he was asked whether he will give taxpayers a second COVID-19 relief package.
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Eldis Sula
June 24, 2020 - 11:48 am

Will a Second Stimulus Check Only Go to Those ‘Most in Need’?

Lawmakers are weighing several possibilities on how to best help taxpayers with another round of COVID relief. One option is to restrict direct payments to Americans who are ‘most in need,’ according to White House economic adviser Larry Kudlow.
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Jennifer Keiper
May 12, 2020 - 10:50 am

Could the COVID-19 Pandemic Cause the End of Handling Cash?

Financial technology, or fintech, has come into play, quite a bit, during the coronavirus outbreak. And during this time, there are questions as to whether cash could go the way of the dinosaurs.
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A parking lot attendant walks through a typically full parking lot now largely empty over people staying home due to the worldwide coronavirus pandemic in Dubai, United Arab Emirates, Monday, March 16, 2020. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (AP Photo/Jon Gambrell)
AP Newsroom
March 16, 2020 - 2:36 pm

As virus seizes markets, it's no longer business as usual

Global markets and businesses big and small opened the week to a landscape seemingly altered by the coronavirus pandemic. National retail chains have closed all stores. Banks are taking steps to keep cash on hand, lots of it. Markets in Asia, Europe and the U.S. are plunging. Following is a quick...
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A woman wearing face mask walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, March 16, 2020. Asian stock markets and U.S. futures fell Monday after the Federal Reserve slashed its key interest rate to shore up economic growth in the face of mounting global anti-virus controls that are shutting down business and travel. (AP Photo/Vincent Yu)
AP Newsroom
March 16, 2020 - 7:36 am

Stock markets slide over fear of virus lockdowns

BEIJING (AP) — Global stocks fell sharply Monday after central bank moves to shore up economic growth failed to dispel investor's fears over anti-virus controls that are shutting down global business and travel. There were no glimmers of optimism: the Paris benchmark was down over 8%, London 6% and...
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