Stimulus checks are already winding their way to millions of Americans. They’re a key part of the government’s $2.2 trillion CARES Act. That money can’t come soon enough for the nearly 30 million people who are out of work, and others worried about bills and rent due to the coronavirus pandemic. The Internal Revenue Service […]
Dear Moneyist, My ex-husband and I are court-ordered to rotate the years we claim our child’s tax credits, even though my child lives with him for less than half of the year. He doesn’t pay any of our child’s expenses, such as sports and equipment and school lunches. I have to furnish everything for both […]
President Trump said it’s possible people will die by reopening the economy, but on Wednesday he reversed his position on disbanding the White House coronavirus task force, tweeting TWTR, -1.38% Wednesday that it won’t be shelved by the end of the month as previously suggested, including by Vice President Mike Pence just a day earlier. […]
For months, the United States has been battling what has become the world’s largest and deadliest coronavirus outbreak. And for months, the U.S. has been telling itself a relatively simple, optimistic story about its struggle with the pathogen. The story goes like this: Yes, things got bad. But mostly they got bad in big, crowded, […]
DUBAI (Reuters) – Iranian President Hassan Rouhani threatened a “crushing response” on Wednesday if the United States goes ahead with plans to extend an embargo on Iranian trade of conventional arms, which the United Nations is set to lift later this year. Under Iran’s deal with world powers to accept limits to its nuclear programme […]
The COVID-19 outbreak could be a blip in the road for ride-hailing companies — or the start of an existential crisis. When Lyft Inc. US:LYFT reports results Wednesday afternoon, it will detail a business that’s been virtually ground to a halt since the pandemic forced global lockdowns. There are big questions about how Lyft and […]
S&P Global Ratings revised its outlook on the ratings of 13 U.S. banks to negative from stable and said the coronavirus pandemic will hit hardest those lenders that are most exposed to industries such as commercial real estate and consumer lending that are already being slammed by virus-driven stress. Even with the unprecedented measures being […]
The internet advertising giants mostly say that April was better than March for the online ad market, but none of them seem to know if that trajectory will last deeper into spring. Pinterest Inc. PINS, -2.89% reported better-than-expected first-quarter revenue Tuesday, but costs increased with more users engaging with its scrapbooking and photo-pinning service. The […]
With commerce closed in the real world, money is flowing into virtual worlds instead. The two largest public videogame publishers in the U.S. reported Tuesday the results of millions of Americans retreating into their homes during a shelter-in-place: Booming profit from online activity. Electronic Arts Inc. EA, +2.38% reported record revenue from live services and […]
Dear Moneyist, My ex-husband and I are court-ordered to rotate the years we claim our child’s tax credits, even though my child lives with him for less than half of the year. He doesn’t pay any of our child’s expenses, such as sports and equipment and school lunches. I have to furnish everything for both […]