HONG KONG—China's biggest money-market fund is experiencing a pickup in withdrawals following a slide in yields, as people take out more cash to spend and invest in other products with higher returns.
Many things are taking place:
County prepares to disburse CARES money | Nvdaily | nvdaily.com
FRONT ROYAL – The Board of Supervisors during its regular Tuesday meeting proceeded with plans to administer $3.5 million given to the county as part of the Coronavirus Aid, Relief, and Economic Security [CARES] Act.
According to the U.S. Department of the Treasury's website, the CARES Act requires that the money be used for expenditures that are due to the public health emergency stemming from the COVID-19 pandemic. That can include the reimbursement of "the cost of business interruption caused by required closures." The funds cannot be used to "fill shortfalls in government revenue."
Saving energy could save you money
With each day feeling like it's getting hotter, people are looking for ways to keep their homes cool this summer without running up their electricity bill.
Two Rivers Regional Council Weatherization Director Jon Vrandenburg says they key is to keep the heat that's outside from coming inside.
Vrandenburg explains, "Close your windows, seal all the holes you can find and then run your air conditioner, and its really about finding that balance of what works best to keep you comfortable and to be energy efficient."
Money-losing Mitsubishi says executives will take pay cuts | Fox Business
Mitsubishi Motors told its shareholders Thursday that its top executives are taking pay cuts to share responsibility for the Japanese automaker’s financial losses .
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“I hope we can gain your understanding,” Chief Executive Takao Kato said on how, given the harsh conditions, there will be no dividends.
Like other automakers, Mitsubishi Motors Corp. has seen its sales plunge amid the coronavirus pandemic. It reported a 25.8 billion yen ($241 million) loss for the fiscal year ended in March.
Quite a lot has been going on:
How 'money dates' helped this same sex couple prepare for IVF
The couple began scheduling regular " money dates ," which Ares defines as "time alone in our week to talk about money."
The dates have helped the couple align their financial goals and plan a timeline for paying back debt quickly over the next several years, she said.
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"That's why we decided to have the dates, because we just need to talk more and also get different perspectives," she explained. "The way my wife looks at money is different from how I look at money."
Cal Expo Seeks Legalized Sports Wagering To Help With Money Trouble – CBS Sacramento
SACRAMENTO (CBS13) — The money-troubled Cal Expo Fairgrounds wants to offer legalized sports betting to help save it from financial collapse.
Gambling on sports could be allowed in California as soon as next year if voters approve the move. State lawmakers could vote as soon as this week to put the issue on the November ballot.
If passed, Cal Expo would become one of five designated racetrack locations across the state to allow serve as a legal sports wagering venue. It’s a move that could bring cold hard cash back to Cal Expo’s pockets.
Plan to spend $1.1 billion in federal coronavirus stimulus money passes City Council - Chicago
Eleven aldermen demanded a written promise from Mayor Lori Lightfoot that not a penny of the $333 million in discretionary money would be earmarked for policing. They didn't get it.
The Chicago City Council on Wednesday approved Mayor Lori Lightfoot's plan to spend a $1.1 billion infusion of federal stimulus funds without providing the guarantee some aldermen demanded that not a penny of the $333 million in "discretionary" funding be spent on policing.
Beware the vultures coming for your old 401(k) money - MarketWatch
Tens of millions of Americans are out of work as a result of the COVID-19 pandemic and associated shutdowns. Once the economy restarts in earnest, chances are many of them will return to different jobs, even different careers.
Yet five years is long enough to get started in a 401(k) retirement plan and even build up a pretty good balance — money often left behind when we leave a job . Over a recent 10-year period as many as 25 million people in workplace plans changed jobs and left behind a 401(k) plan. Millions more have left behind more than one, according to a GAO study.
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