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July 13, 2020
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Wearing masks is now the most important thing for the economy, Fed’s Kaplan says

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CNBC – For more and to sign up click here Amid historically aggressive policy moves from the U.S. central bank and Congress, Dallas Federal Reserve President Robert Kaplan said the most important thing for the economy now is wearing protective face coverings. Masks in public, Kaplan said, are key to......
CNBC Business

Jobless claims at better than expected 1.3 million, total getting benefits falls to 18 million

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CNBC – For more and to sign up click here Weekly jobless claims were lower than expected last week as workers slowly returned to their jobs in the wake of rising coroanvirus cases. Claims totaled 1.314 million, compared to the 1.39 million expected from economists surveyed by Dow Jones. The......
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Goldman lowers economic outlook as U.S. copes with rising coronavirus cases

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CNBC – For more and to sign up click here Medical workers prepare to intubate a coronavirus disease (COVID-19) patient at the United Memorial Medical Center’s coronavirus disease (COVID-19) intensive care unit in Houston, Texas, U.S., June 29, 2020. Callaghan O’Hare | Reuters Rising coronavirus cases will limit growth in......
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Job gain of 4.8 million in June smashes expectations; unemployment rate falls to 11.1%

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CNBC – For more and to sign up click here Nonfarm payrolls jumped by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday. Economists surveyed by Dow Jones had been expecting a 2.9......
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Fed officials see need for ‘highly accommodative’ policy ahead, minutes show

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CNBC – For more and to sign up click here The Federal Reserve on Wednesday released the minutes from its June 9-10 meeting, during which it held interest rates steady and said it expects loose policy to prevail until the economy gets back to normal. Officials also had an in-depth......
CNBC Business

Private payrolls up 2.37 million in June; May revised up to 3.065 million gain from 2.76 million loss, ADP says

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CNBC – For more and to sign up click here A waitress wearing a mask helps customers at Cafe Luxembourg’s outdoor seating as the city moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 22, 2020 in New York City. Alexi Rosenfeld |......
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Amy McGrath beats Charles Booker in tight Kentucky Democratic Senate primary, NBC News projects

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CNBC – For more and to sign up click here Amy McGrath address supporters after her loss during her Election Night Event at the EKU Center for the Arts on November 6, 2018 in Richmond, Kentucky. Jason Davis | Getty Images Democrat Amy McGrath defeated Charles Booker in a close......
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Powell says recovery path is ‘extraordinarily uncertain’ amid efforts to control virus

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CNBC – For more and to sign up click here Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019. Sarah Silbiger | Reuters Federal Reserve Chairman Jerome Powell said big questions remain over the outlook......
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Coronavirus mortgage bailouts suddenly swell as homeowners face new struggles

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CNBC – For more and to sign up click here A woman walks past the U.S. Capitol building in Washington, June 25, 2020. Al Drego | Reuters After declining for three weeks, the number of borrowers delaying their monthly mortgage payments due to the coronavirus rose sharply once again. The......
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Total of those receiving unemployment benefits falls below 20 million

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CNBC – For more and to sign up click here Jobless claims totaled 1.48 million last week as unemployment related to the coronavirus pandemic remained stubbornly high, though those receiving benefits fell below 20 million for the first time in two months. Economists surveyed by Dow Jones had been expecting......
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Robinhood increases guardrails on options trading in the wake of a customer suicide

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CNBC – For more and to sign up click here Robinhood app Source: Robinhood Robinhood is making it more difficult to get access to its options offering in the wake of a customer’s suicide last week.  In a blog post Friday, Robinhood’s co-CEOs outlined multiple changes to the free-trading app.......
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Young trader dies by suicide after thinking he racked up big losses on Robinhood

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CNBC – For more and to sign up click here On the small yellow sticky note that 20-year-old Alex Kearns left on his bedroom door was an ominous message saying to turn on the computer. Daniel Kearns powered up his son’s laptop in their home in Naperville, Ilinois. Within seconds,......
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Jobless claims total 1.5 million, worse than expected as economic pain persists

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CNBC – For more and to sign up click here Weekly jobless claims stayed above 1 million for the 13th consecutive week as the coronavirus pandemic continued to hammer at the U.S. economy. First-time claims totaled 1.5 million last week, higher than the 1.3 million that economists surveyed by Dow......
CNBC - Real Estate

Opinion: A tax credit for home improvements is vital in the coronavirus era

CNBC Real Estate
Construction workers lay shingles on the roof of a house in Farmington Hills, Michigan, May 7, 2020. Emily Elconin | Bloomberg via Getty Images There are few things that mean as much, and in as many ways, to Americans as a home. It is an anchor to the community, a......
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The Fed will move away from ETFs to direct corporate bond purchases, Powell says

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CNBC – For more and to sign up click here The Federal Reserve’s landmark corporate bond buying program eventually will entail mostly individual company debt rather than exchange-traded funds, Federal Reserve Chairman Jerome Powell said Wednesday. Powell made the comments before the House Financial Services Committee in the second day......
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Watch Fed Chairman Jerome Powell testify before House committee live

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CNBC – For more and to sign up click here [The stream is slated to start at noon ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell delivers his second day of semiannual testimony before Congress, in an......
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Powell says the Fed doesn’t want to ‘run through the bond market like an elephant’

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CNBC – For more and to sign up click here Federal Reserve Chairman Jerome Powell told a Senate committee on Tuesday that the central bank’s announced move this week to buy corporate bonds fulfills a pledge it had made earlier but is not an effort to take over the market.......
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Total U.S. debt surges to $55.9 trillion amid big increases in corporate and government borrowing

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CNBC – For more and to sign up click here George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken, March 31, 2020. Dado Ruvic | Reuters Debt surged and household net worth tumbled in the first three months of the year as......
CNBC Business

Weekly unemployment claims better than expected as workers leave jobless rolls

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CNBC – For more and to sign up click here The pace of unemployment claims declined again last week as the U.S. jobs market continued its plodding recovery from the coronavirus pandemic, Labor Department data showed Thursday. Initial claims totaled 1.54 million, compared to the 1.6 million expected from economists......
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Fed sees interest rates staying near zero through 2022, GDP bouncing to 5% next year

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CNBC – For more and to sign up click here The Federal Reserve kept interest rates near zero and indicated that’s where they’ll stay as the economy recovers from the coronavirus pandemic. Along with the rate decision, central bankers projected Wednesday that the economy will shrink 6.5% in 2020, a......

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