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RichVintage Ditch old assumptions Saving for retirement and paying down debt are critical financial tasks. But these days, the usual financial wisdom may not apply. Right now, emergency savings should be top-of-mind for most people. Depending on household circumstances, you might trim retirement plan contributions. If you’re saving through a workplace retirement plan that offers a match,
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(Photo by Dan Kitwood/Getty Images) Faced with unprecedented challenges from the COVID-19 pandemic, real estate investors are increasingly turning to alternative lenders to help meet their financing needs. Coronavirus (Covid-19) has caused uncertainty for both landlords and tenants, with occupiers across all real estate sectors now seeking flexibility in their lease contracts. And with more
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CNBC’s Jim Cramer on Wednesday deciphered between what he sees as speculative and blue-chip stocks in a market that’s shaped by the coronavirus pandemic. “The whole market’s being upended by the pandemic and the lines they are shifting,” the “Mad Money” host said. “Formerly rock-solid companies are now on dangerous footing. Formerly speculative outfits have
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Pedestrians in Washington pass a “We Are Open” restaurant sign during the Covid-19 outbreak on May 12. Jonathan Ernst | Reuters When it comes to the next coronavirus stimulus package and providing more direct financial aid, the question on most Americans’ lips is, “Will they or won’t they?” One political analyst predicts it’s likely lawmakers
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A person looks into a closed Macy’s Inc. department store near Union Square in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty Images The road to recovery at Macy’s is likely going to be a rocky one because of the coronavirus pandemic.  The retailer warned Wednesday that sales are falling
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Getty The Internal Revenue Service (IRS) continues to resume operations. According to the IRS Commissioner, as of mid-month, thousands of employees had returned to facilities in seven states (Kentucky, Texas, Utah, Georgia, Minnesota, Tennessee, and Missouri) with employees in four more states and Puerto Rico returning on June 29. The IRS will reopen facilities in
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From January through May, 10.9% of the global population of 2,825 billionaires made confirmed monetary donations to Covid-19 pandemic-related causes, according to a report published Tuesday by Wealth-X, a market research firm covering the world’s wealthiest people.  Other billionaires could have given money through a third party or anonymously, a Wealth-X spokesperson tells CNBC Make It,
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Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. John Sommers II/Getty Images The financial aid that jobless workers have been receiving to shore up household income during the coronavirus pandemic is poised for a dramatic reduction
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Adam Jeffery | CNBC Investors should stay bearish on U.S. stocks until the full extent of the economic damage caused by the coronavirus pandemic is known, according to TS Lombard, which warned that investors were over-estimating a quick recovery in U.S. corporate earnings. Charles Dumas, chief economist at the economic research firm, told CNBC Tuesday that ”the
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