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Young women are making more of their families’ financial decisions

Married women 45 and younger are twice as likely as older married women to make the financial decisions in their families, according to a new report from Merrill Lynch Wealth Management. The report surveyed 4,000 women of all ages. It found that more women, regardless of martial status, are taking control …

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Futures up slightly, S&P 500 at record, Target jumps on earnings

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‘I’m in control!’ Quotations from Chairman Sumner Redstone

From near death in a hotel fire to expectations of immortality, here are some memorable quotations from media tycoon Sumner Redstone. “Content is king.” — Redstone’s credo that some say he, rather than Bill Gates, coined. “I was enveloped in flames. The fire shot up my legs. The pain was …

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39% of younger millennials say Covid-19 has them moving back home

Nearly 3 out of 4 younger millennials are concerned that the coronavirus pandemic will impact their finances, with 57% saying that Covid-19 derailed their plans for financial independence. For many, those plans include having their own place. But 39% of younger millennials (defined here as ages 24 to 29) say …

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Dow down 100, positive vaccine news not helping, Amazon leads Nasdaq higher

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How women can lower financial stress, control debt during coronavirus

Despite the economic turmoil and mass unemployment resulting from the coronavirus pandemic, consumer revolving debt decreased by $24 billion in May, according to recent data from the Fed. It is the third straight month of decline in consumer debt.  Covid-19 has devastated many Americans’ finances, with lost jobs and wages, …

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52% parents expect coronavirus pandemic to increase child-care costs

Over half of parents worry they’ll be forced to spend more on child care than they did before the coronavirus pandemic hit.  Parents’ fears of rising child-care costs are more prevalent now than ever before. About 47% of parents who pay for child care say that they are more concerned …

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Everything you need to know about the stimulus debit cards

Approximately four million Americans will receive their coronavirus stimulus check in the form of a prepaid debit card. “Prepaid debit cards are secure, easy to use and allow us to deliver Americans their money quickly,” Treasury Secretary Steve Mnuchin said in a statement last month. “Recipients can immediately activate and use the cards …

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14% of Americans with retirement savings have tapped into funds

Whether unemployed or still working, many Americans are looking for extra funds during the coronavirus pandemic. About 14% of those with retirement savings have taken money from accounts such as 401(k)s and individual retirement accounts to meet that need. Another 13% of those with savings say they’re planning to make …

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Microsoft and UnitedHealth offer companies free app to screen employees for coronavirus

UnitedHealth Group and Microsoft are offering companies a coronavirus screening app called ProtectWell that  provides a daily symptom screener to help clear employees to go to work or directs them to be tested if they are at risk for infection. As U.S. companies struggle to bring employees back to work under stringent …

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