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Trump is insisting on a payroll tax cut for workers. Why some experts say it's a 'terrible' idea

In a new interview, President Donald Trump has insisted that any new stimulus legislation must include payroll tax cuts for workers. While such a move would give Americans more money in their paychecks, experts say it neglects a key part of the population: the unemployed.

5 years ago

Wells Fargo receives 'outstanding' rating for community lending

Wells Fargo & Co said on Monday it has received an "outstanding" rating on a U.S. regulatory test for community lending between 2012 and 2018.



5 years ago

How to rethink your retirement income strategy as more firms cut dividends

More than 200 stocks this year have reduced or suspended their dividends, 44 of them on the S&P 500 index. Here's how retirees should view those changes.

5 years ago

Amazon plans to extend closure of French warehouses until May 8

Amazon plans to extend the closure of its French warehouses until May 8 included, the e-commerce giant said on Monday.



5 years ago

Oil up as countries ease lockdowns, but U.S.-China spat weighs

Oil rose on Monday as more countries announced they would begin easing coronavirus lockdowns and crude supply cuts take hold, though a fresh spat between the United States and China over the origin of the virus limited the rise in prices.



5 years ago

S&P 500, Dow dip as Buffett ditches airlines, China tensions flare

The S&P 500 and Dow Jones dropped for the third session on Monday following a U.S.-China spat over the origins of the coronavirus outbreak and billionaire Warren Buffett's Berkshire Hathaway's move to dump stakes in major U.S. airlines.



5 years ago

Unemployment benefits will be reduced after July 31

That extra $600 a week in federal aid that jobless workers currently receive in unemployment benefits will only last for a few months.

5 years ago

Coronavirus will constrain U.S. meat supply despite Trump order: Tyson Foods

The coronavirus crisis will continue to idle U.S. meat plants and slow production, Tyson Foods Inc said on Monday, signaling more disruptions to the U.S. food supply after U.S. President Donald Trump ordered facilities to stay open.



5 years ago

Businesses continue to apply for a PPP loan. Forgiveness remains uncertain

Companies that were able to make the cut and qualify for the Paycheck Protection Program have another fight on the horizon: having their loan forgiven. Here's why it's so hard to figure that out.

5 years ago

Massive U.S. stock bounce stokes doubts, provokes bears

Investors are treating the U.S. equity market’s blistering rally with a dose of caution, socking away cash, staying on the sidelines or buying insurance against a reversal even as markets scream higher in the midst of the coronavirus pandemic.



5 years ago

Oil up 3% as countries ease lockdowns, production falls

Oil was up 3% on Monday as more countries announced they would begin easing coronavirus lockdowns and as crude supply cuts by the world's top producing nations and companies take hold.



5 years ago

France deals blow to Amazon as warehouses remain shut

France has rejected a request from e-commerce giant Amazon to tap a state-funded scheme to subsidise furloughed employees at its six closed warehouses in the country.



5 years ago

Stocks fall as U.S.-China tensions threaten rally

Global stock markets fell on Monday on concerns U.S.-Chinese bickering over the origin of the coronavirus outbreak will ignite a new trade war, speculation that strengthened the dollar and drove gold prices higher.



5 years ago

S&P 500, Dow drop as Buffett ditches airlines, China tensions flare

The S&P 500 and Dow Jones dropped for the third session on Monday following a U.S.-China dispute over the origins of the coronavirus outbreak and a move by billionaire Warren Buffett's Berkshire Hathaway to dump stakes in major U.S. airlines.



5 years ago

Wall Street snaps two-day slump on lift from tech titans

U.S. stocks ended higher on Monday as increases in large tech and internet companies and oil price gains outweighed concerns about the latest U.S.-China tensions and downbeat sentiment from the annual meeting of Warren Buffett's Berkshire Hathaway.



5 years ago