After Megan Pearson's job as a restaurant server was put on hold because of COVID-19 -related stay-at-home orders, the single mom had to figure out how to come up with the rent for her apartment in Brooklyn, New York.
"I posted my frustration on Facebook FB, +0.26% with trying to get through to unemployment the first week," Pearson says. "I probably made 200 phone calls before I got it all settled."
Uncertain whether assistance would arrive on time or at all, Pearson took action, reluctantly creating a crowdfunding account at the encouragement of a friend who'd seen her social media post. This move bought Pearson some time and ultimately allowed her to stay in her apartment without having to take on expensive debt.
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Follow the Money is tracking coronavirus spending in Africa - CNN
Lagos, Nigeria (CNN) How much money has been generated to fight the spread of coronavirus in Africa? It's hard to keep track.
These money and investing tips can help guide portfolio decisions as states and countries
These money and investing stories, popular with MarketWatch readers this past week, offer ways to manage your financial portfolio and to invest strategically as the U.S. and other countries struggle to reopen economies shuttered by the coronavirus pandemic.
The defensive weighting of the Invesco S&P 500 Low Volatility ETF makes it a winner, CFRA says.
A low-volatility straggler gets an upgrade as defensive sectors look more attractive
The woman who nailed the 2018 stock-market shock created Quadratic Interest Rate Volatility & Inflation Hedge ETF just a year ago.
This is one of the hottest ETFs of the coronavirus era
WWE Money In The Bank 2020 Results: Otis An Extremely Risky, Bold Choice
Otis surprisingly won the men's Money in the Bank match in a whimsical brawl inside WWE Corporate Headquarters. Otis won the briefcase in a fluke as he successfully caught the case after it was fumbled by Baron Corbin and AJ Styles.
Otis' win is a much needed one for a star on his way up as WWE looks to use the Money in the Bank briefcase for its originally intended purpose.
Money in the Bank's last three male winners—in Brock Lesnar, Braun Strowman and Baron Corbin—either failed to successfully cash in the briefcase, or were top star Brock Lesnar, the likes of whom Money in the Bank was not designed for.
In case you are keeping track:
Smart investing: How to let your age dictate your asset allocation
What types of assets you should invest in has more to do with when you'll need the money and what your goals are, and less about your risk tolerance or outlook for stocks or the economy.
"The closer you are to a financial goal timewise, the more protection you want for your principal," says Roger Young, a senior financial planner at T. Rowe Price. "You want a high probability that the money will be there."
In contrast, "The more time you have, the more you can afford to take risk," adds Brad Bernstein, managing director at UBS Global Wealth Management.
Essential workers in this coronavirusdamaged economy need money as well as applause - MarketWatch
If there's one thing that the coronavirus pandemic has made clear, it's the importance of "essential workers." While this moniker is fairly broad and accounts for employees in many sectors, the definition is narrow: Essential workers are those who are integral to the health, safety, and very functioning of society.
It's time to take better care of those who are taking care of us. Here are three vital ways we can help lower-income workers attain greater financial security:
Looking for that stimulus money in your bank account? Check your mailbox - MarketWatch
Some Americans are still waiting for their stimulus checks, but they might be looking in the wrong place.
See: These Americans were left out of the stimulus package and still need help to weather the coronavirus pandemic
The problem? Not everyone may have the most up-to-date mailing address on file, especially if they have not yet filed their taxes (or are not required to do so) or if they have moved since filing their taxes or updating their Social Security information. The IRS tells individuals the change of address must be processed before the payment is scheduled.
Coronavirus: Migrants struggle to send money home - BBC News
Her husband is in Dubai in the United Arab Emirates. Until recently he was working as a sales engineer but due to Covid-19 he is stuck in his accommodation, unemployed.
"For the last month he is simply sitting in the flat," says Smitha. "He couldn't join his new job, he couldn't withdraw his money from [the] bank. It's very difficult, because he has to pay a large amount for our flat."
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Although she is a criminal lawyer by profession, she has had to stay at home to take care of her son, who has autism. Now, like many in Kerala, she is having to get by on a lower income.
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