Personal Finance Daily: The Fed dropped interest rates to 0% — what that means for your credit cards and bank accounts and how long will coronavirus last?

Personal Finance Daily: The Fed dropped interest rates to 0% — what that means for your credit cards and bank accounts and how long will coronavirus last?

16 Mar    Finance News

Take care of yourselves MarketWatchers. Don’t miss these top stories:

A rare win for Gen X? Boomers gave us latchkey childhoods that prepped us for coronavirus quarantine

Is Generation X — the legion of latchkey kids for whom the waning Cold War forced futile school drills — better able to self-soothe under the confines of a coronavirus quarantine than Gen Z, millennials and baby boomers?

These industries will be hardest hit by the coronavirus pandemic — but one sector will likely remain ‘recession-proof’

As the government continues to introduce measures to slow the spread of the virus and promote the best ways to guard against it, some employers may be reluctant to let their staff go just yet.

‘The lack of an all-island response has rattled communities on both sides of the Irish border’: Ireland braces for coronavirus

For more than a week, a debate raged over whether the traditional St Patrick’s Day festivities should be canceled.

‘They’ve likened it to a war where the casualties just keep on coming’: Italians find solidarity, resilience and music during the coronavirus lockdown

Two people stop to greet each other while walking their dogs. A voice from a window shouts: ‘Andate a casa!’ (‘Go home!’)

The Fed dropped interest rates to 0% — what that means for your credit cards and bank accounts

You won’t have to pay as much in credit-card interest soon, but that doesn’t mean you’ll see big savings because of the latest Fed cuts.

Do you still hear people say coronavirus is just like flu? They’re wrong — here’s why

President Trump suspended all travel to the U.S. from Europe, and declared a national emergency over COVID-19’s rapid spread.

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Is coronavirus airborne? Will it survive for days on bathroom surfaces? Are men more at risk? Burning questions about COVID-19

As stock markets plunge and airlines wonder how they will stay viable, some outlandish rumors about COVID-19 still persist.

How long will coronavirus last? It depends — but ‘prepare yourself for a long ride’

‘Ironically, part of success here is ensuring that this lasts a lot longer than it otherwise might,’ one expert said of COVID-19.

How much do you tip the delivery person and Uber driver during the coronavirus pandemic?

The Moneyist breaks down what is appropriate to tip service-industry workers during the COVID-19 outbreak.

Tennessee man donates his almost 18,000 bottles of hand sanitizer after furious backlash

Matt Colvin says ‘it was never my intention to keep necessary medical supplies out of the hands of people who needed them.’

Elsewhere on MarketWatch
Romney, other lawmakers call for sending $1,000 checks to Americans as part of coronavirus response

As Congress considers stimulus measures to help Americans who are facing financial problems because of the coronavirus outbreak, some lawmakers are calling for the government simply to put checks in the mail.

A feckless Fed, huge deficits and poisonous politics have brought us to a crisis

Real obstacles to the fiscal stimulus America now needs to fight the damage caused by coronavirus.

Trump says ‘market will take care of itself’ as Dow plummets 3,000 points

President Donald Trump on Monday said the stock market would “take care of itself” as the Dow Jones Industrial Average plunged nearly 3,000 points.

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These steps are crucial to help small businesses survive until the pandemic passes

The coronavirus will have long-lasting economic implications — much worse than the global financial crisis — if policy makers don’t move quickly to address the immediate needs of small firms.

Senate seen passing coronavirus bill around midweek; lawmakers also work on more aid

The Republican-led Senate appears on track to pass a bipartisan coronavirus bill around the middle of the week. Lawmakers also are working on other measures to aid Americans, small businesses and other sectors of the economy.

Top U.S. business lobby urges payroll tax suspension, emergency loans for all

The nation’s largest business group is calling on Congress to suspend payroll taxes for employers and make emergency loans available to big and small companies to help them get through the economic shutdown caused by the coronavirus.

Fed injects a big dose, but it’s got the wrong medicine for the coronavirus pandemic

Traditional monetary-policy medicine may not be up to the task of addressing a pandemic that has disrupted financial markets and shut down large swaths of the economy.

‘It’s a great time to go out’: California Republican Devin Nunes talks about life amid the coronavirus pandemic

“Let’s not hurt the working people in this country that are relying on wages and tips to keep their small business going,” Nunes told Fox News. “So don’t run to the grocery store and buy, you know, $4,000 of food, go to your local pub.”

How the Dow’s coronavirus plunge shows investors are fast-forwarding the ‘2008 playbook’

The stock-market plunge inspired by the global COVID-19 outbreak shows investors are taking cues from the 2008 financial crisis, but at an accelerated pace, says DataTrek’s Nicholas Colas.

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