The IRS' online tool, Get My Payment, has been live for under a week, but is already running into trouble. Designed to help you set up direct deposit (here's how) and track your coronavirus stimulus checks (step-by-step directions), it's meant to be an elegant solution to help millions of eligible people in the US...
Earlier this year, Lin He made a $400,000 profit from a single home flip. The 3,600-square-foot house in Malibu was in foreclosure and was listed for $1.39 million. He purchased it for $985,000 in 2017 without ever stepping foot inside. "Boy, it was bad. It was a lot worse than I thought,"...
A $17,000 model. A fitting appointment. A cover spread on Vogue. The Apple Watch was more than a fitness-tracking device when it debuted five years ago. It was a fashion item and status symbol. It was luxury on your wrist. Fast forward to 2020, the fifth anniversary of Apple's smartwatch. Millions of people around the globe wear...
The Treasury Department has confirmed that economic impact paper checks from the $2.2 trillion coronavirus stimulus relief package have already started going out and are in the mail. Department officials are walking back Treasury Secretary Steven Mnuchin’s comments at a White House gaggle with reporters where he said they would start going...
Confidence We’re now talking about the process for re-opening businesses across the U.S. economy. But it would be a mistake to assume that the sooner the economy is open, the sooner we’ll get back the strong economy the coronavirus left behind. Because while monetary and fiscal stimulus have preserved some consumers’ and businesses’ ability to spend, none...
Mohamed El-Erian said Monday the U.S. economy could experience a double-digit percentage contraction in 2020 due to the coronavirus pandemic. “I think we may be at minus 10% to minus 14% growth for the U.S.,” he said on CNBC’s “Squawk Box.” “I’m a little bit more worried than what...
The spectacular collapse in oil markets is showing no signs of easing, as the coronavirus crisis saps demand and producers run out of places to store all their excess barrels of crude. What's happening: US oil prices plunged, falling below $0 Monday to $-37.63 a barrel. That's the lowest level since NYMEX...
Oil prices plunged to a record low and into negative territory on Monday as uncertainty mounted about storage for excess supply. WTI crude oil futures expiring in May plunged 321%, to -$40.32 a barrel, while Brent crude slid 9.5%, to $25.41 at intrasession lows. The coronavirus pandemic has torpedoed demand for...