It’s not unusual for a person to pass away and leave behind some unpaid debt. For the heirs — typically the surviving spouse or children — the question often is what, exactly, happens to those obligations. The answer: It depends on both the type of debt and the laws of the state. A person’s assets
Businesses across the country are starting to reopen, but the economy could still face a bumpy road. The economy could take years to rebound as it faces longer-term challenges from the sharpest downturn in history, according to Moody’s Analytics chief economist Mark Zandi. “The damage to the economy already has been too significant, there’s going
A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease (COVID-19) outbreak at Ronald Reagan National Airport in Washington, April 5, 2020. Joshua Roberts | Reuters American Airlines has started alerting travelers about crowded planes before their trips and allowing them to switch to other flights in
A major market shift is forming as the economy begins to reopen: Value stocks are gaining popularity over growth names, including technology. But according to Oppenheimer Asset Management’s John Stoltzfus, that doesn’t mean the winners will automatically become losers. The market bull sees technology as a vital part of the economic fight to function amid
When you’re sheltering in place, meal and snack times tend to be a bit of blur. There’s always time and opportunity nosh on something throughout the day— and the fridge and pantry is only a few steps away. “We have lost track of time in many respects. Sometimes, I go into the kitchen and look for
How many times lately have you seen a news story about the incredible disconnect between the stock market, now up 37% from the March bottom, and the dire reality of unemployment heading to 25%, municipal fiscal woes, and widespread concerns about the next surge of Covid-19? The negative tone of the news is reinforced by
NEW YORK, UNITED STATES – 2020/05/17: US Senator Chuck Schumer reveals huge increase in coronavirus health and treatment scams while displaying copy of Federal Trade Commission (FTC) letter to one of the scammers at 780 3rd Avenue. Senator Schumer demanded to levy heavy fines on those reckless companies. (Photo by Lev Radin/Pacific Press/LightRocket via Getty
Justin Horrocks | Vetta | Getty Images Laid-off employees who reject an offer of rehire may wind up being reported to the state unemployment office if their company took a forgivable federal loan. The Paycheck Protection Program is a federal loan program that was established by the CARES Act. It covers up to eight weeks
Governor of New York Andrew Cuomo shows his masks during a press conference at the New York Stock Exchange (NYSE) on May 26, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images New York Gov. Andrew Cuomo told Republican lawmakers on Wednesday to “stop abusing” states that have born
An employee carries an order for a customer at a Domino’s Pizza restaurant in Detroit. Sean Proctor | Bloomberg | Getty Images Domino’s Pizza said Tuesday that its U.S. same-store sales climbed 14% during the first two months of its second quarter. As the broader fast-food industry has seen many of its customers return, Domino’s has