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Trump says he will block coronavirus aid for US Postal Service if it doesn't hike prices immediately President Trump on Friday threatened to block an emergency loan to shore up the U.S. Postal Service unless it dramatically raised shipping prices on online retailers, an unprecedented move to seize control of the agency that analysts said could plunge its ...
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'Scary,' 'visceral,' 'unprecedented': Traders describe oil's wild week and fall to negative prices "Scary," "unbelievable," "so dramatic," "unprecedented," "very visceral": These are among the choice words Wall Street veterans used to describe what was, for the oil market, a week for the history books. On Monday, for the first time on record, West Texas ...
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$5000 Invested in These 5 Top Stocks Could Make You a Fortune in 10 Years Each of these category-leading companies has strong tailwinds that should pay off with excellent long-term growth. Danny Vena. (TMFLifeIsGood). Apr 25, 2020 at 7:50AM. Author Bio. Daniel W. Vena, CPA, CGMA is a long-term investor searching for ...
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Making sense of a stock market just 16% off its high while a pandemic costs 26 million jobs The S&P 500 is just 16% off its all-time high and up 29% off its low a month ago despite a pandemic that's cost 26 million jobs. But stocks don't appear to be handicapping a quick resurgence in the economy when looking at the weak performance of "early ...
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How 6 Months of Unemployment Changes Your Retirement Plan You know that phrase about throwing a monkey wrench into the works? The coronavirus pandemic has now become, in addition to a devastating global disaster, a figurative monkey wrench that's upsetting retirement plans for millions of Americans. In the two ...
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First on CNN Business: JPMorgan, Ruth's Chris accused of cheating small businesses out of emergency loans New York (CNN Business) JPMorgan Chase, Ruth's Chris Steak House and others are being accused in a lawsuit of efforts to "cheat" small businesses out of federal stimulus funding. An Illinois popcorn seller hurt by the coronavirus pandemic alleges that ...
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Congress approved $370 billion more in small business loans, but the money could run out in days — again Congress approved another $310 billion for PPP loans and $60 billion for disaster loans this week, but that likely isn't enough to cover the demand. The Consumer Bankers Association, which represents the nation's largest retail banks, estimates it will take $1 ...
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How to fix the failed small business loan program The Paycheck Protection Program (PPP), Congress' aid program for small businesses, needs work. Some ways to fix the program include increasing the amount of funds for especially small businesses, requiring banks to lend to businesses they don't have a ...
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Are Home Equity Loans Tax-Deductible? Chances are, you'll reach a point in life when you're inclined to borrow money for one purpose or another. You may need a loan so that you can renovate your home, fix your car, or pay for college. Or you may want that money to treat yourself to a ...
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Oil: Lower For Longer Is The New Normal Amid A Slumping Global Economy Oil prices managed to recover some ground over the past few trading sessions, but they're still well below where they started the year. The oil market is on life support after getting hit by both demand and supply shocks. Since the COVID-19 outbreak emerged ...
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