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Economy

“Child poverty more than doubled in U.S. after expanded tax credits, stimulus checks ended”

“Child poverty more than doubled in the U.S. last year after financial assistance that supported families during the earlier days of the Covid-19 pandemic expired, the U.S. Census Bureau said Tuesday. The child poverty rate surged to 12.4% in 2022, up from… Continue Reading…

Economy

“Americans will run out of pandemic savings next month, Fed warns”

“…Research by economists at the Federal Reserve Bank of San Francisco found Covid-related savings in the US had fallen to less than $190bn (£149bn) in June. This was down from $2.1 trillion at its peak in August 2021, which was… Continue Reading…

Economy, Stocks

“China Stocks Drop as More Grim Economic Data Outweigh Stimulus Measures”

Chinese stocks continued to slide lower on Tuesday amid further signs that the world’s second-largest economy is in retreat. Not even substantial stimulus measures from China’s central bank have been enough to fully stem the bleeding in the stock market.… Continue Reading…

Economy

“Another 2.2 million stimulus checks have gone out. Here’s who received the payments”

“…That legislation authorized payments of up to $1,400 per person, plus $1,400 per eligible dependent, for individuals and families who fall under certain income thresholds and also meet other requirements. For the latest tranche, about 1.3 million of the payments… Continue Reading…

Economy, Personal Finance

“Bill payments jump 30% as Americans use $1,400 stimulus checks to cover household expenses”

“There was a 30% month-over-month increase in the number of payments made to pay household bills from March 17 to March 21, according to the latest research from bill pay service doxo. During that same weeklong time frame, the total amount paid… Continue Reading…

Stocks

“…Stocks rise as traders mull more stimulus prospects”

“Stocks rose Friday as investors looked ahead to another batch of expected stimulus under a unified Democratic government, which appeared increasingly likely after the Labor Department’s December jobs report showed the economy shed jobs in December. The Nasdaq and S&P 500 rose… Continue Reading…

Stocks

“…Stocks rise, S&P 500 and Nasdaq hit record highs as stimulus talks roll on”

“Stocks rose Thursday morning, with stimulus talks in Washington still at the center of investors’ attention. The Dow rose about 150 points, or 0.5%, while the S&P 500 and Nasdaq were each up at least 0.6% and touched record intraday… Continue Reading…

Business

“Walmart sales soared as shoppers spent their stimulus checks”

“Walmart sales got a big boost last quarter as shoppers spent their government stimulus checks on home goods, electronics and lawn care products, the company said Tuesday. Walmart’s sales at US stores open for at least one year increased 9.3%… Continue Reading…

Stocks

“…Stocks rise, Dow adds 200+ points amid vaccine, stimulus optimism”

“Stocks mostly rose Tuesday, with the S&P 500 closing in on a record level as hopes for a vaccine and further stimulus spurred a global risk rally and a pop in “reopening” stocks. The Nasdaq underperformed again as shares of… Continue Reading…

Economy

“Where’s my money? 35 million still waiting on stimulus checks, feds say”

“An estimated 30 million to 35 million people in the United States are still waiting on federal coronavirus relief payments, CBS News reports. The payments of $1,200 per person or $2,400 per couple, plus money for each minor child, have been going… Continue Reading…