1. Articles from cnbc.com

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    1. Improvement in coronavirus mortgage bailout stalls

      Improvement in coronavirus mortgage bailout stalls

      As of Aug. 25, 3.9 million homeowners were in mortgage forbearance programs, according to Black Knight, a mortgage technology and analytics firm. This represents 7.4% of all active mortgages and is unchanged from the week before. The numbers have not improved in the past two weeks.

      More concerning is that close to three-quarters of those in forbearance have had their terms extended from the initial three-month period. This suggests that their financial situations are not improving, and they are still unable to make their monthly payments. Another survey from the Mortgage Bankers Association also showed the rate of improvement slowing markedly.

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      Mentions: coronavirus
    2. Mortgage rates just hit another record low

      Mortgage rates just hit another record low

      If there is an upside to all the pandemic-induced uncertainty in the economy, it’s the rock-bottom mortgage rate bonus for homeowners and homebuyers.
      The average rate on the popular 30-year fixed just fell to another record low — 2.87%, according to Mortgage News Daily.
      That is about a full percentage point lower than a year ago. And that’s just the average. Some borrowers are getting even lower rates.

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    3. Coronavirus: California identifies nail salons as source of spread, Gov. Newsom says

      Coronavirus: California identifies nail salons as source of spread, Gov. Newsom says

      Community spread of the coronavirus in California began in a nail salon, Gov. Gavin Newsom said Thursday, as other states allow their manicurists to reopen.
      “This whole thing started in the state of California, the first community spread, in a nail salon,” Newsom said at a news briefing. “I’m very worried about that.”
      State health directors have put some “red flags” on nail salons as a high-risk business, Newsom added, likening them to gyms and hair salons.

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    4. Public companies split on whether to return small business loans

      Public companies split on whether to return small business loans

      Despite outrage on Main Street and new pressure from the Treasury Department this week, several publicly traded companies that received payroll relief funds from the Small Business Administration oppose demands to return the cash.

      The companies said the Paycheck Protection Program loans have allowed them to keep employees on payroll and that they disagree with the federal government’s move to make it harder for public companies to receive emergency funds. The outrage stems from the belief that these companies could easily tap the equity or debt markets to raise cash.

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    5. Coronavirus antibody testing shows LA County outbreak is up to 55 times bigger than reported cases

      Coronavirus antibody testing shows LA County outbreak is up to 55 times bigger than reported cases

      The Covid-19 outbreak in Los Angeles County could be up to 55 times bigger than the number of confirmed cases, according to new research from the University of Southern California and the LA Department of Public Health.
      The data, if correct, would mean that the county’s fatality rate is lower than originally thought.
      With just 4% of the population infected with the disease, LA County is still very early in the epidemic, said USC professor Neeraj Sood, who led the study.

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    6. Senate passes $2 trillion coronavirus stimulus package

      Senate passes $2 trillion coronavirus stimulus package

      The Senate passed a historic $2 trillion coronavirus relief package Wednesday night, as it tries to stem the destruction the pandemic has brought to American lives and wallets. 

      The chamber approved the mammoth bill in a unanimous 96-0 vote after days of furious negotiations, partisan sniping and raised tempers on the Senate floor. The bill now heads to the House, which will push to pass it by voice vote Friday morning as most representatives are out of Washington. 

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    7. Congress may let you take $100,000 from your 401(k)

      Congress may let you take $100,000 from your 401(k)

      You may soon be able to withdraw up to $100,000 from your 401(k) retirement plan amid the coronavirus outbreak.

      Just make sure you read the fine print before you jump in.

      The Senate is currently negotiating over a package of COVID-19 stimulus measures, one of which allows savers to take emergency withdrawals – known as hardship distributions – of up to $100,000 from their retirement plans.

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    8. Gov. Newsom: California will need an additional 50,000 hospital beds to respond to coronavirus

      Gov. Newsom: California will need an additional 50,000 hospital beds to respond to coronavirus

      California Gov. Gavin Newsom on Monday said the state will need an additional 50,000 hospital beds to respond to the coronavirus outbreak. 

      “As a consequence of updating our models, we are looking to significantly increase our procurement of assets, specifically beds, throughout our healthcare delivery system,” Newsom said.  

      The state will expand provided for the needed beds through a variety of means, Newsom said. The hospital system alone will provide for an additional 30,000 beds through its surge plan. The state has also acquired three hospitals that will provide an additional 3,000 beds.

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    9. Mark Cuban's advice for small business owners during the pandemic

      Mark Cuban's advice for small business owners during the pandemic

      “If you can find other services to offer, do it,” Cuban wrote in response to a question specifically about avoiding layoffs in the event industry, as trade shows, sporting events and concerts are being canceled. “Since you have holes in your schedule, it’s a great time to experiment with new lines of business and see what sticks.”

      He also recommended brainstorming not only with your peers, but also with your competitors: “They are all in the same boat. Try to figure out the best way to reignite the industry. 

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      Mentions: Cuba
    10. At or near retirement? Consider these moves to protect your nest egg

      At or near retirement? Consider these moves to protect your nest egg

      Hero Images | Getty Images This week's market activity probably wasn't the shot of confidence you were hoping for if you're retired or planning to retire soon. And your first instinct is probably to protect your retirement income. Yet experts caution that the worst way to do that is to take dramatic actions with your investments.

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    11. Married filing jointly vs. separately: How to choose your tax filing status

      Married filing jointly vs. separately: How to choose your tax filing status

      Certain life happenings, such as getting married, will prompt you to change your tax filing status. While it may initially feel like a chore, it's usually a straightforward process. And depending on your circumstances, it may save you money come tax season. Your filing status determines important factors, such as your tax rates and standard deduction , which is the amount of income that's not subject to federal income tax.

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    12. Coronavirus effecting business

      Coronavirus effecting business

      CNBC’s Jim Cramer said business leaders he has spoken to are deeply worried about the coronavirus outbreak, citing as evidence the cancellation of the Mobile World Congress. “The people I know who were supposed to go there, it was kind of like a cruise — I’m not going there. I’m not going to risk going to Barcelona,” he said on “Squawk on the Street.” Cramer said the MWC cancellation shows how executives are viewing the situation with regards to their own health, not just the welfare of their employees.

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    13. WHO officials try to contain China coronavirus — as well as public fears

      WHO officials try to contain China coronavirus — as well as public fears

      World health officials hesitated Wednesday to designate an outbreak of a flu-like coronavirus that’s killed at least 17 people as a global health emergency, trying to contain the fast-spreading illness without unnecessarily spooking global trade.

      The World Health Organization is set to reconvene Thursday after an emergency committee of international health experts were split on deciding whether the virus should be classified as a “public health emergency of international concern,” Director-General Tedros Adhanom Ghebreyesus told journalists on a call. That gives the organization the power to set temporary recommendations to coordinate a global health response with its 196 member countries, which include the United States.

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    14. Medicare rules and costs for people age 65 who are still working

      Medicare rules and costs for people age 65 who are still working

      It's becoming a common scenario: You're creeping closer to your 65th birthday, which means you'll be eligible for Medicare, yet you already have health insurance through work. Sound familiar? If so, you might have options. While workers at businesses with fewer than 20 employees generally must sign up for Medicare at age 65, people working for larger companies typically have a choice: They can stick with their group plan and delay signing up for Medicare without facing penalties down the road, or drop the company option and go with Medicare. 

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    15. Congress close to approving changes to retirement savings for workers

      Congress close to approving changes to retirement savings for workers

      The biggest legislative changes to America’s retirement system in 13 years appear to be headed for final approval by Congress.

      On Tuesday, the House passed a $1.4 trillion spending bill that includes the bipartisan Secure Act, which aims to increase the ranks of retirement savers and the amount they put away. The measure now will head to the Senate, where approval is expected this week before lawmakers head home for the holiday recess.

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    16. How to prevent package theft from 'porch pirates' during the holidays

      How to prevent package theft from 'porch pirates' during the holidays

      My local police department recently posted some holiday crime prevention tips to its website, which highlight, among other things, how to avoid having your packages stolen from your doorstep.

      As deliveries soar during the holiday season, packages left on doorsteps are easy targets for criminals. The New York Times reported on Monday that up to 90,000 packages are stolen or lost daily in New York City.

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      Mentions: New York Times
    1-24 of 118 1 2 3 4 5 »
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