Tag: banking

Genpact says volumes shot up during Covid-19 crisis

Bengaluru: Business process management company Genpact has seen increased business from clients during the Covid-19 induced lockdown when most employees were delivering services remotely, its...

My husband died from COVID-19. Will the IRS allow me to use his $1,200 stimulus check for funeral and medical expenses?

My husband and I filed a joint income-tax return. I am aware that the stimulus check for a husband and wife is $2,400, and it...

Where’s my $1,200 stimulus check? My 2018 taxes ruled me out, but my 2019 return qualifies me — when will it arrive?

Dear Moneyist, I was married and didn’t qualify for the $1,200 stimulus check based on my 2018 tax returns. I am now divorced and filed...

My daughter claimed me as a dependent in 2019. Is it too late to receive a stimulus check? If not, when will my check arrive?

Dear Moneyist, ‘I have a very low income, and yet I did not receive a $1,200 stimulus check. My daughter recently moved out of town,...

Lockdown: 72% of outstanding bank credit in red zones, says report

MUMBAI: Nearly 72 per cent of outstanding bank credit and 62 per cent of deposits are in the red zone districts and any delay in...

In a replay of 2008, high-risk subprime loans could worsen this financial crisis

In April, Moody’s placed 20% of its rated collateralized loan obligations (CLO) (valued at around $22 billion) on review. The decision carried ominous echoes of...

‘It is part of self-care in a weird way’: The looming recession hasn’t stopped people from making crazy impulse purchases

Carrie Harris, 31, never thought she would buy a $60 cat tent. “I was zooming ZM, +3.78% with my friends from college and I admired...

European stocks slide as fears over lasting coronavirus hit to economies rise

European stock markets fell on Wednesday, taking a cue from sharp losses on Wall Street amid concerns investors have been too optimistic over how long...

Social Security recipients may be in for a rude awakening later this year

Social Security beneficiaries might not receive much of a cost-of-living adjustment next year — and some say recipients might not get anything at all. COLA...

‘I owe child support from my first marriage and did not receive a stimulus check. Does President Trump not realize that I now have another family to take care of?’

Dear Moneyist, I owe back child support for a son from my first marriage, and so I have not received a stimulus check. Does President...

IRS has paid out over $218 billion in stimulus checks

The IRS has churned out 128.3 million stimulus checks so far and already paid $218.4 billion — which is most of the stimulus money that’s...

I received two $1,200 stimulus payments. One was direct deposit and the other was a paper check — I cashed the check

Dear Moneyist, I received two stimulus checks. One was direct deposit and the other was a paper check. I should have only received one check....

Fed’s Kashkari throws cold water on White House optimism about a ‘snapback’ economic recovery

A top Federal Reserve official on Sunday threw cold water on White House optimism about the ability of the U.S. economy to forge a ‘snapback’...

How the coronavirus pandemic could forever change home buying and mortgage lending

Extraordinary times call for extraordinary measures. Business leaders in all parts of the U.S. economy are taking bold steps to respond to the coronavirus crisis....

Here’s why those skimpy bond yields are actually higher than average

Believe it or not, short-term interest rates currently are above average. I bet you think that’s a typo. Didn’t interest rates just plunge to levels...

Billionaire Paul Tudor Jones: ‘My bet is it will be bitcoin’ as the best inflation hedge

Billionaire investor Paul Tudor Jones made a prescient call on bullion in 2019; now he’s saying that bitcoin, the controversial digital currency, reminds him of...

A wave of bankruptcies, surging taxes, and Americans harboring lasting scars from coronavirus lockdowns — the head of world’s largest asset manager warns of grim outlook

The era of coronavirus has already been hard on the American psyche, but the CEO of the world’s largest asset manager cautions that everyone should...

Fed’s Evans sees return to economic growth after June but admits pessimistic scenarios are almost as likely

It is reasonable to assume that the economy will return to growth in the second half of the year as the economy starts to open...

Coronavirus is crushing emerging markets. Why the rest of the world will pay a price

Without adequate public health resources, the ability of developing countries to deal with the coronavirus pandemic is questionable. While home to around half of the...

My wife is 61 and earns $50,000; I’m 65 and earn $400,000 — should she take Social Security next year?

Hi Catey, I’m 65 and my wife is 61. I’m working and plan to retire at 71. My question is should my wife take her...

Don’t look now—much-maligned bitcoin is outperforming gold and bullish investors are eyeing $10,000 and beyond

Bitcoin is on the rise lately amid the coronavirus pandemic that has rocked financial markets world-wide. The world’s most prominent digital currency has been enjoying...

Seven stock picks from a five-star money manager’s ‘disruptive’ portfolio

Alex Ely, manager of the $1.9 billion Delaware Smid Cap Growth Fund, says disruptive companies that have taken market share in the coronavirus crisis will...

Mortgage rates fall to new record low — here’s why some loan applicants won’t be offered them

Mortgage rates have dipped to a record low for the second time in as many months amid the global coronavirus outbreak. The 30-year fixed-rate mortgage...

European stocks struggle amid earnings deluge, but banks and oil companies rise

European stock markets struggled for traction on Wednesday, as a mostly downbeat batch of earnings rolled out and investors waited for the outcome of a...

Your bank could lower your credit-card limit — what to do if that happens

If the spending limit on your credit card suddenly shrank, you’re not alone. Some banks have started to decrease consumers’ credit limits as the job...