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August 2, 2021

STIMULUS

S&P 500 nears record high on stimulus hopes, strong earnings

Reuters
A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri/File Photo Senate unveils $1 trillion infrastructure bill Square rises on $29 billion Afterpay deal Focus on business activity data, jobs report this week Indexes up: Dow 0.45%, S&P 0.53%, Nasdaq......

Fiscal stimulus, vaccines likely fueled U.S. economic growth in the second quarter

Reuters
Guests enjoy outdoor dining in the Manhattan borough of New York City, U.S., May 23, 2021. REUTERS/Caitlin Ochs Second-quarter GDP forecast accelerating at an 8.5% rate Consumer spending, business seen powering economy Growth probably peaked in the second quarter About 380,000 people likely filed jobless claims last week WASHINGTON, July......

Between stimulus checks and expanded tax credits, here’s how much federal money you could get

CNBC
CNBC – For more and to sign up click here It looks like the combination of stimulus checks and at least two expanded tax credits will be a boon to most U.S. households. Between cash hitting bank accounts — in the form of stimulus payments and advance child tax credits......

Still no stimulus check? Need to sign up for the child tax credit? There is help available

CNBC
CNBC – For more and to sign up click here ljubaphoto | E+ | Getty Images Millions of individuals and families stand to receive money from the government through stimulus checks and monthly child tax credit payments. However, many are still waiting on their stimulus checks, while others may not......

Tilman Fertitta expects consumer spending to stay strong even as Covid stimulus boost fades

CNBC
CNBC – For more and to sign up click here Landry’s Chairman and CEO Tilman Fertitta told CNBC on Tuesday he expects consumer spending to remain strong throughout the rest of 2021, even as the initial boost provided by Covid stimulus earlier this year fades.  In an interview on “Power......

IRS data shows just who got $1,400 stimulus payments. Some people with higher incomes received checks

CNBC
CNBC – For more and to sign up click here CHUYN | iStock | Getty Images Figures from the IRS show who has received money from the third stimulus checks for up to $1,400 per person — and there are some surprises. In fact, some people with adjusted gross incomes......

Why Utah and Midwestern families are getting the biggest stimulus checks

CBS News
CBS News – For more and to sign up click here Households in Utah have received the largest stimulus checks in the third round of direct payments with an average windfall of $2,784, according to new state-level data from the Internal Revenue Service.  The IRS on Tuesday said it has......

ECB should retain flexibility of emergency stimulus scheme – Panetta

Reuters
FRANKFURT, June 28 (Reuters) – The European Central Bank should retain the exceptional flexibility of its emergency bond buys after the current crisis, ECB board member Fabio Panetta said on Monday, setting the stage for potential conflict with more conservative policymakers. Facing an unprecedented crisis, the ECB agreed on flexible......

IRS now sending millions more additional stimulus checks

CBS News
CBS News – For more and to sign up click here The IRS said it is continuing to distribute federal stimulus checks to eligible Americans, with another 2.3 million payments issued last week. Some of those payments include “plus-up” adjustments for people who received less money than they were entitled......

2021 Child Tax Credit: Here’s who will get up to $1,800 per child in cash — and who will need to opt out

CBS News
CBS News – For more and to sign up click here About 36 million American families on July 15 will start receiving monthly checks from the IRS, as part of the expanded Child Tax Credit. Eligible families will receive up to $1,800 in cash through December — however, the tax......

IRS now sending millions more additional stimulus checks

CBS News
CBS News – For more and to sign up click here The IRS said it is continuing to distribute federal stimulus checks to eligible Americans, with another 2.3 million payments issued on last week. Some of those payments include “plus-up” adjustments for people who received less money than they were......

Tax refunds and stimulus checks delayed by identity fraud crossfire

CNBC
CNBC – For more and to sign up click here Samuel Corum/Bloomberg via Getty Images Jeff Lavigne plans to use a tax refund this year for long-delayed medical help. Yet his refund, almost $2,700, has been in limbo since mid-March, when Lavigne filed his tax return, records show. The IRS......

More than 2.3 million new stimulus checks have been sent. Here’s who will get the money

CNBC
CNBC – For more and to sign up click here Image Source | DigitalVision | Getty Images More than 2.3 million new stimulus checks have been sent, representing over $4.2 billion in payments to Americans, the government announced on Wednesday. In total, more than 169 million payments worth about $395......

36 million families may start receiving Child Tax Credit deposits on July 15

CBS News
CBS News – For more and to sign up click here The IRS is sending letters to more than 36 million families who may qualify for monthly payments under the federal Child Tax Credit. Under the expanded tax benefit, families may be eligible to receive up to $300 per child......

Stimulus checks dramatically reduced hunger and hardship, Census data shows

CNBC
CNBC – For more and to sign up click here A young child watches as local residents receive food items as Food Bank For New York City teams up with the New York Yankees to kick-off monthly food distribution for New Yorkers in need at Yankee Stadium on May 20,......

European Central Bank warns of insolvencies when pandemic stimulus measures are lifted

CNBC
CNBC – For more and to sign up click here A Eurosystem monetary authority sign stands outside the European Central Bank headquarters. Bloomberg | Bloomberg | Getty Images LONDON — The 19 nations that share the euro are facing financial risks that are elevated and uneven, the European Central Bank......

Do you owe taxes on crypto? Stimulus checks? Here are the answers to common tax questions

CNBC
CNBC – For more and to sign up click here With the May 17 tax filing deadline just days away, many Americans are rushing to get their forms and documents together. To help answer any last-minute questions you may have, CNBC Make It compiled its coverage from this tax season......

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