US stock futures tumble amid COVID-19 surge, stimulus doubts

US stock futures sank Monday as a nationwide surge in coronavirus infections and a dim outlook for another stimulus package roiled Wall Street. Futures contracts tied to the Dow Jones industrial average were down 260.00 points, or 0.9 percent, at 27,929.00 as of 7:39 a.m. after the US recorded more than 83,000 new COVID-19 cases on both Friday and Saturday […]

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Social media scammers net $117M targeting shoppers, romance seekers: FTC

Scam artists taking advantage of student loan crisis Ramsey Solutions financial expert Chris Hogan on scammers taking advantage of the student debt crisis and a new study revealing that 68 percent of credit card users are focusing on maximizing credit card rewards rather than paying off their debt. The Federal Trade Commission said scammers amassed $117 million through fake Facebook, Instagram and […]

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Coca-Cola saying goodbye to half its drink brands

Coca-Cola gets into hard seltzer business Coca-Cola is launching a hard seltzer brand. FOX Business’ Lauren Simonetti with more. Coca-Cola is planning to kill off 200 drink brands, which account for about half of its portfolio, as it works to return to pre-coronavirus levels of growth. Continue Reading Below In a bid to better weather the pandemic, the company plans to shift focus onto […]

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California wildfires result in insurance companies dropping homeowners at faster rate

California wildfires have been ‘devastating’ to local businesses: Winery owner Hall, Walt and Baca Wines owner Kathryn Hall on launching a fundraiser for wildfire relief aid. The growing risk of devastating wildfires in California has resulted in insurance companies dropping tens of thousands of homeowners in the most vulnerable communities, according to date in a new state report. Continue Reading Below The […]

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UK To Conduct Spending Review For 1 Year

The UK government has decided to cut its planned spending review to one year from three years as the focus has shifted entirely to Covid-19 responses and supporting jobs. “The Chancellor and the Prime Minister have decided to conduct a one-year Spending Review, setting department’s resource and capital budgets for 2021-22, and Devolved Administration’s block grants for the same period,” […]

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More than 36 million Americans risk double taxation on Social Security benefits

Retirement planning amid coronavirus crisis Barron’s senior writer Reshma Kapadia and Barron’s Roundtable discuss how coronavirus upended some people’s retirement plans and what can be done to make up for that lost capital. Social Security benefits are an important source of retirement income, but you may not get to keep all the money you receive from this entitlement program. In […]

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Economy almost at doorstep of revival: Das

‘Lenders raising capital to ensure credit for businesses upon revival of economy’ India’s economy is ‘almost at the doorstep of revival’, Reserve Bank of India Governor Shaktikanta Das asserted on Wednesday, adding that banks and non-banking financial companies (NBFCs) had raised, or were in the process of raising, capital to ensure adequate credit availability for businesses once the revival took […]

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