1 / 2 Marines Sunken Sea Tank FILE – In this Sunday, Aug. 2, 2020, file photo, provided by the U.S. Navy, Undersea Rescue Command deploys the Sibitzky Remotely Operated Vehicle from the deck of the Military Sealift Command-chartered merchant vessel HOS Dominator off the coast of Southern California. Authorities on Friday, Aug. 7, 2020, […]
The blank-check bonanza has already reached mind-boggling heights, but now we seem to have jumped the shark. A preliminary prospectus was filed last week by a company called Burgundy Technology Acquisition Corp. seeking to raise $400 million for a special-purpose acquisition company, or SPAC, an entity that seeks to raise money to acquire an unnamed […]
As President Donald Trump calls for another federal eviction moratorium, a new report has shed light on just how many Americans are facing housing insecurity as a result of the coronavirus pandemic and the associated economic downturn. Between 30 and 40 million people in the U.S. could be at risk of eviction in the next […]
Dear Moneyist, I went through a divorce about five years ago and my youngest child will graduate college this spring. I have just gotten my finances stable again and I am back saving money. I have about eight to 10 years left to work, and should have enough saved for a modest retirement when that […]
A Louisiana man will likely spend the rest of his life in prison, according to a decision last week rendered by the state Supreme Court. His crime? Trying to steal hedge clippers from another person’s home in 1997. In a 5-1 verdict, the court left intact the life sentence given to Fair Wayne Bryant, 62, […]
The July jobs report was likely viewed with some relief at the Federal Reserve in the sense that officials don’t have to rush forward with more monetary stimulus measures, economists said Friday. The U.S. economy regained 1.76 million jobs last month and the official unemployment rate fell for the third month in a row to […]
Dear Moneyist, I feel I was unfairly denied the stimulus payment. In 2019, I made a total of $51,331. My filing status was “single, no children.” I was denied the stimulus payment on 4/10/20 because the IRS based my income on my 2018 taxes. I was permanently laid off from my job as a direct […]
WASHINGTON — Speaking to members of Congress on Thursday, former federal Education Secretary Arne Duncan put the matter bluntly. “We have chosen to open bars,” Duncan said, “rather than to be able to start school on time.” It was a bracing reminder of the priorities that elected leaders at all levels of government have chosen […]
A golden cross formed in the Dow Jones Industrial Average DJIA, +0.68%, more than five months after a bearish chart pattern materialized in the aftermath of the carnage wrought by the COVID-19 pandemic. A golden cross occurs when the 50-day moving average for an asset price trades above the 200-day MA, while a so-called death […]