Month: March 2020

katleho Seisa Congress may permit retirees to skip required minimum distributions from their retirement savings. The House coronavirus relief bill, which was released yesterday, contains a provision that waives for 2020 the required minimum distributions from individual retirement accounts and workplace retirement plans. A similar provision is in the latest version of the Senate bill.
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This is a developing story. Check back for updates. President Donald Trump and Vice President Mike Pence held a call to discuss the coronavirus impact on the economy, according to sources. Investors on the call included Third Point’s Dan Loeb, Blackstone’s Stephen Schwarzman, Vista Equity’s Robert Smith, Intercontinental Exchange‘s Jeffrey Sprecher and Paul Tudor Jones, hedge
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People look out from aboard the Grand Princess cruise ship, operated by Princess Cruises, as it maintains a holding pattern about 25 miles off the coast of San Francisco, California on March 8, 2020. Josh Edelson | AFP | Getty Images Check out the companies making headlines in midday trading.  Norwegian Cruise Line, Royal Caribbean,
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Rep Ilhan Omar (D-MN) takes part in a discussion on “Impacts of Phobia in Our Civic and Political Discourse” during the Muslim Caucus Education Collective’s conference in Washington, July 23, 2019. Kevin Lamarque | Reuters Democratic Reps. Ilhan Omar of Minnesota and Ayanna Pressley of Massachusetts introduced legislation on Monday that would suspend student loan
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Officers in protective gear enter the cruise ship Diamond Princess, where 10 more people were tested positive for coronavirus on Thursday, to transfer a patient to the hospital after the ship arrived at Daikoku Pier Cruise Terminal in Yokohama, south of Tokyo, Japan February 7, 2020. Kim Kyung-Hoon | Reuters The coronavirus survived for up
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► Subscribe to FT.com here: http://bit.ly/2r8RJzM Norway has become a global leader in electric cars but rapid progress presents challenges such as when to withdraw subsidies. Richard Milne reports from the world’s largest charging station on a country that shows how an electric future might look. Filmed by Richard Milne. Produced and edited by Paolo
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As the U.S. economy skids and many Americans scramble to make ends meet during the coronavirus pandemic, one casualty may be credit scores. Some congressional lawmakers want to prevent that.  A Senate bill introduced last week would prevent negative information from reaching your credit report for at least four months, as the nation continues battling
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Billionaire investor David Tepper said he is cautiously buying some stocks, particularly in the tech sector, as the broader market tumbles amid the coronavirus outbreak. However, he noted the relentless selling may have further to go.  “I’m nibbling right now, for what it’s worth,” Tepper, the founder of Appaloosa Management, told CNBC’s Scott Wapner on “Halftime Report.”
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Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Citigroup CEO Michael Corbat said the bank will send $1,000 awards to some employees to compensate them for the “financial burden” of working during the coronavirus pandemic.  “We are going to provide more than 75,000
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Corporate earnings are about to do something they haven’t done since the 2008 financial crisis: Turn negative. According to PNC Financial’s Amanda Agati, the coronavirus fallout could dramatically hurt companies through the second quarter. “Q1 expectations are in negative territory at about 1.5%. It looks like Q2 will be down about 1%,” the firm’s chief
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BongkarnThanyakij It’s been a week since President Donald Trump announced he would waive all interest on federal student loans during the coronavirus outbreak. Brian Byrd’s debt is still growing. “Every day,” said Byrd, a 40-year-old software engineer from Seattle who owes around $50,000. “That clock has not stopped.” Byrd has called his student loan servicer,
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