States facing revenues in sharp decline amid the coronavirus pandemic have tough choices ahead – and you might be shelling out more in state and local taxes as a result. State and local governments were left out of the $484 billion coronavirus relief bill that President Donald Trump signed into law last week. “Our costs
1. Dow set to start higher after last week’s drop U.S. stock futures were pointing to an over 200-point gain for the Dow Jones Industrial Average at Monday’s open as investors assessed the possibility of reopening the economy after the coronavirus outbreak. On Sunday, Democratic New York Gov. Andrew Cuomo said the state plans to
A view of a Best Buy retail store on August 29, 2019 in San Bruno, California. Justin Sullivan | Getty Images Best Buy said it will gradually reopen its doors to customers with in-store consultations by appointment. Starting in May, the company said about 200 of its U.S. stores will allow shoppers to schedule a time
Google CEO Sundar Pichai Getty Images Alphabet shares rose as much as 4% in extended trading on Tuesday after the company reported earnings for the first quarter, during which the coronavirus spread globally. Here’s how the company did: Earnings: $9.87 per share, adjusted Revenue: $41.16 billion Cloud revenue: $2.78 billion YouTube advertising revenue: $4.04 billion
A new Bank of America chart shows the Federal Reserve is buying fewer Treasurys and mortgage-backed securities. Mark Cabana, who’s one of the strategists behind the chart, contends it doesn’t mean the Fed is stepping back from its aggressive policy to help financial system whether the coronavirus pandemic. “What we have seen is that the Fed
In the time since nonessential businesses began to close their doors in March to prevent the spread of the coronavirus, the U.S. labor market has wiped out all the job gains it made in the decade since the Great Recession. With roughly 26.5 million Americans now out of work who have filed for unemployment, many
Investors should look to sectors that lately have been “completely eviscerated” as the U.S. economy seeks to recover from the coronavirus crisis, Morgan Stanley’s Mike Wilson told CNBC on Tuesday. “We’re bullish overall, and we just think there’s more upside in potentially some of the laggard areas,” Wilson said on “Fast Money.” “That’s not saying anything bad
Image Source | Getty Images When it comes to coronavirus stimulus checks, many say $1,200 isn’t enough. Millions of those one-time payments are still on their way to Americans. The coronavirus shutdown, however, could have economic effects for months. Now, political leaders are turning to proposals for putting more income in Americans’ hands. “Others have
[The stream is slated to start at 3 p.m. TIME ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump on Tuesday is slated to deliver remarks on the Paycheck Protection Program. The government relief program offers forgivable loans to small businesses that keep employees on
New York Governor Andrew Cuomo (D) speaking at a press Conference at the State Capitol reporting on the latest development of the Covid-19 Coronavirus situation. Michael Brochstein | Barcroft Media | Getty Images New York Gov. Andrew Cuomo on Tuesday outlined a 12-step plan to reopen parts of the state while trying to keep the