Wealth

Amid the Covid-19 pandemic, people across the world have rushed to “panic buy” and stockpile food and toilet paper, fearing potential shortages.  But Bill and Melinda Gates began to stockpile food in their basement years before the current pandemic.  “A number of years ago, we talked about, ‘What if there wasn’t clean water? What if there
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Over 80 million America will see the coronavirus stimulus checks deposited into their bank accounts today. If you haven’t gotten yours but are eligible for a payment, don’t worry — it’s coming. The first round of checks, which are part of the federal government’s response to unprecedented unemployment levels and financial strain caused by the coronavirus pandemic, were automatically deposited into the bank accounts
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NFL star J.J. Watt is known for his versatility and unique ability to play either defensive end or defensive tackle for the Houston Texans. But since self-quarantining with his wife and two dogs in Wisconsin, Watt has been perfecting a new talent, one also enjoyed by the likes of billionaires Bill Gates and Jeff Bezos. Watt has
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Neel Kashkari, president of the Minneapolis Federal Reserve, in an interview on February 17, 2016. David Orrell | CNBC  Minneapolis Federal Reserve President Neel Kashkari said Sunday he expects the path to economic recovery from the coronavirus pandemic will be a “long, hard road,” pouring cold water on hopes for a “V-shaped” rebound. Kashkari, who
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A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images After weeks of lobbying, fintech companies are officially allowed to take part in the U.S. government’s emergency lending program.  PayPal and Intuit QuickBooks announced Friday evening that they were approved by the Small Business Administration to take
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The U.S. government’s sprawling policy response to the coronavirus pandemic is necessary, but so too is proper oversight of the new programs, President Barack Obama‘s former budget chief said Thursday.  “I think the more oversight the better, in part because we really do need to get money out the door fast,” Peter Orszag said on CNBC’s “Closing
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People waiting in line at an unemployment office. Yellow Dog Productions A coronavirus relief bill unveiled Tuesday would significantly expand unemployment benefits for Americans who lose their jobs due to the country’s recent economic contagion.  The measure would beef up the nation’s unemployment insurance program, a state-administered program that provides temporary income support for out-of-work
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The private-jet industry is asking Congress for bailout money, even as many private jet companies say sales are strong as wealthy flyers avoid commercial flights. The National Business Aviation Association, or NBAA, which represents private-jet companies and corporate jets, sent a joint letter with other industry groups to congressional leaders saying the industry is facing
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