British Prime Minister Boris Johnson reacts after receiving a dose of the Oxford/AstraZeneca COVID-19 vaccine, amid the coronavirus disease pandemic, in London, Britain March 19, 2021. Frank Augstein | Pool | Reuters LONDON — U.K. Prime Minister Boris Johnson got his first dose of the coronavirus vaccine developed by AstraZeneca […]
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$1,400 stimulus checks could be garnished. Some lawmakers are pushing to change that
Getty Images As the government pushes millions of $1,400 stimulus checks out the door, some Americans could come up empty handed. The reason: overdue unpaid debts. The issue prompted Capitol Hill lawmakers to enter into a crossfire of sorts on Thursday over whether or not those checks can be garnished, […]
Michael Farr: Markets may not buy the Fed’s message, but investors shouldn’t overreact
Traders on the floor of the New York Stock Exchange Source: NYSE Volatility is our companion again. Value stocks are outperforming, and the Nasdaq is plunging one day and reversing the next. The bond market is making lower lows and lower highs. While it seems to be plumbing for a […]
Biden urges Congress to pass hate crime legislation in response to violence against Asian Americans
Melissa Min (L) attends a vigil with her son James in solidarity with the Asian American community after increased attacks on the community since the onset of the coronavirus pandemic a year ago, in Philadelphia, Pennsylvania, U.S., March 17, 2021. Rachel Wisniewski | Reuters CNBC Politics Read more of CNBC’s […]
Fauci says the variant from the U.K. likely accounts for up to 30% of Covid infections in U.S.
The highly contagious variant first identified in the U.K. likely accounts for up to 30% of Covid-19 infections in the United States, White House Chief Medical Advisor Dr. Anthony Fauci said Friday. The variant, called B.1.1.7, has also been reported in at least 94 countries and detected in 50 jurisdictions […]
Retire by 50: How much you need to invest per month to save $3 million
The money you are putting into your 401(k) savings plan at work most likely won’t be enough to retire early. The average American in their 20s only has about $15,000 in their 401(k). You’re going to need to invest a lot more of your income if you want to save […]
New $3,000 child tax credit might not come with monthly payments, IRS says
Marko Geber | DigitalVision | Getty Images The child tax credit payments authorized in the latest Covid relief bill may not be sent monthly and may not even start in July, IRS Commissioner Charles Rettig said. The $1.9 trillion American Rescue Plan signed into law by President Joe Biden on […]
CDC shortens Covid social distancing guidelines for kids in school to 3 feet with masks
Giani Clarke,18, a senior at Wilson High School, takes a test in her AP Statistics class. The desks are doubled as a way to provide more social distancing. Ben Hasty | MediaNews Group | Getty Images The Centers for Disease Control and Prevention on Friday revised its guidance on social […]
Powell says the Fed is committed to using all its tools to promote recovery
Federal Reserve Chair Jerome Powell arrives for a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters Federal Reserve Chairman Jerome Powell reiterated his commitment to an “all-in” approach to the recovery, pledging in a commentary piece for The Wall Street […]
Why the Fed is not fazed by higher rates … yet
Yields keep ticking higher. The 10-year Treasury yield held near 14-month highs on Friday, above 1.7%, while the 30-year yield moved above 2.5%. The bond market was on watch after the Federal Reserve decided against extending a rule that loosened the supplementary leverage ratio for banks, which could lead to […]