Page 44 - Fred Imbert News Today

Paper checks for those who need them will start being sent out Wednesday, Mnuchin said. These payments — up to $600 for individuals, $1200 for married couples and up to $600 for each child — are the second wave of funds paid directly to Americans to help with the economic hit from the pandemic, CNBCs Amanda Macias reports. The House passed a bill to increase the direct payments to $2,000 for each individual, but the Senate has yet to take a vote on it. Senate Majority Leader Mitch McConnell...

The Finance 202: The coronavirus crisis is leaving labor market scars that will take years to heal Tory Newmyer with Brent D. Griffiths As a bleak Christmas bears down on millions of Americans, JPMorgan’s cross-asset strategists just offered the best description yet of the rarefied view from the top of the K-shaped recovery. “Barring a correction comparable to those in September and October,” they wrote in a Wednesday note to clients, “markets should end 2020 with r...

The U.S. blew past records for daily new Covid-19 cases and virus deaths on Wednesday, as the national crisis continues to worsen. More than 247,000 new infections and more than 3,600 Covid deaths were reported on Wednesday, according to Johns Hopkins University data, the highest single-day tallies yet. A record 113,000 people are currently hospitalized with the virus, according to The Atlantics COVID Tracking Project. The new and disheartening highs come at the same time the U.S. is beginning ...

The U.S. blew past records for daily new Covid-19 cases and virus deaths on Wednesday, as the national crisis continues to worsen. More than 247,000 new infections and more than 3,600 Covid deaths were reported on Wednesday, according to Johns Hopkins University data, the highest single-day tallies yet. A record 113,000 people are currently hospitalized with the virus, according to The Atlantics COVID Tracking Project. The new and disheartening highs come at the same time the U.S. is beginning ...

The Finance 202: Feds Powell warns Washington will remain on economic clean-up duty for foreseeable future Tory Newmyer with Brent D. Griffiths Jerome H. Powell has spent months all but skywriting over the Capitol that lawmakers should provide more emergency economic relief. Now, with Congress moving forward with a roughly $900 billion aid package and the vaccines that should eventually end the coronavirus pandemic rolling out across the country, the Federal Reserve chair h...

The U.S. blew past records for daily new Covid-19 cases and virus deaths on Wednesday, as the national crisis continues to worsen. More than 247,000 new infections and more than 3,600 Covid deaths were reported on Wednesday, according to Johns Hopkins University data, the highest single-day tallies yet. A record 113,000 people are currently hospitalized with the virus, according to The Atlantics COVID Tracking Project. The new and disheartening highs come at the same time the U.S. is beginning ...

U.S. lawmakers are racing to nail down a Covid relief bill after months of negotiating, as a Friday deadline to fund the government approaches and key aid measures are set to expire. Leaders from each side of the aisle met Tuesday afternoon and appeared to make progress. A final deal could include extended unemployment benefits, temporary student loan relief, a continued eviction moratorium and additional funding for small businesses. Its unclear whether a bill would send a second round of chec...

The Covid-19 vaccine rollout continues across the U.S. Tuesday. The first shots of Pfizers two-dose vaccine, administered to health care workers, were met with applause and relief Monday. While the rollout is an encouraging new chapter in the countrys fight against the coronavirus, itll still be a few months until the general public can line up at a doctors office or a neighborhood drugstore to get the shot. Health experts caution social distancing and masks are key to preventing viral spread i...

The Covid-19 vaccine rollout continues across the U.S. Tuesday. The first shots of Pfizers two-dose vaccine, administered to health care workers, were met with applause and relief Monday. While the rollout is an encouraging new chapter in the countrys fight against the coronavirus, itll still be a few months until the general public can line up at a doctors office or a neighborhood drugstore to get the shot. Health experts caution social distancing and masks are key to preventing viral spread i...

The Finance 202: Business comes around on unemployment insurance as pandemic endures Tory Newmyer with Brent D. Griffiths Theres a surprising new consensus as lawmakers scramble to reach a deal on an emergency economic relief plan: A proposal to offer $300 per week in enhanced federal unemployment benefits is drawing broad bipartisan support. And its backed by business groups and left-leaning economists alike.  “You don’t want people to think they have to rush back to ...