Joe Biden in an interview on MSNBC. Source: MSNBC Former Vice President Joe Biden said Monday that he was not reconsidering his opposition to single-payer health care despite the strain that the coronavirus pandemic has put on the existing health-care system.  “Single-payer will not solve that at all,” Biden said during an interview on MSNBC. 
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The Virgin Orbit ventilator device. Virgin Orbit Richard Branson’s California-based rocket company Virgin Orbit partnered with medical researchers and developed a ventilator device that the company plans to mass produce and send to hospitals around the United States to fight coronavirus. “[It is] a very, very simple and robust design that we can get out to
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SEC Chairman Jay Clayton said Monday that the practice of short selling — effectively betting that a stock will drop — is needed to “facilitate ordinary market trading.” “We shouldn’t be banning short selling,” Clayton told CNBC’s “Squawk Box.” However, he said the Securities and Exchange Commission did replace the old uptick rule with a
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Investors should be buying individual stocks, not indexes, as there is still more coronavirus-driven market volatility ahead, economist Mohamed El-Erian said Monday.  “If you feel it’s the all clear, go out and buy the index … I don’t think we’re there yet,” the chief economic advisor at Allianz said on CNBC’s “Squawk Box.” ”We’re not in an all clear.” El-Erian,
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JGI/Jamie Grill There’s one thing you may be overlooking when it comes to managing your cash during the coronavirus outbreak — your health savings account. An HSA is a savings account you can use to pay for qualified medical expenses. You contribute momney pre-tax, the savings grow tax-free and your withdrawals generally aren’t taxed. HSAs
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Hank Paulson David Orrell | CNBC Former Treasury Secretary Hank Paulson warned that the U.S. faces a “very difficult road ahead” after President Trump signed a historic $2 trillion coronavirus relief bill.  Paulson, a key figure in helping the country avoid economic catastrophe during the 2008 financial crisis, drew on his experience from that tumultuous period
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College acceptance letters are already in the mail. Now high school seniors must decide their fate for September. Up until now, National College Decision Day, the deadline for high school seniors to choose which college they will attend, has always been May 1. This year, however, the global coronavirus pandemic and extreme economic uncertainty have pushed many
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The stock market has gone so haywire amid the coronavirus crisis that some strategists on Wall Street are giving up on forecasting what comes next. Over the past week or so, chief market strategists at BMO, Oppenheimer and Canaccord Genuity have all suspended their year-end targets on the S&P 500, blaming the unprecedented economic uncertainty that makes projecting
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