Month: July 2020

12 Min Ago Brazilian president uses hydroxychloroquine after testing positive for coronavirus Brazil’s President Jair Bolsonaro gestures before a national flag hoisting ceremony in front of Alvorada Palace, amid the coronavirus disease (COVID-19) outbreak in Brasilia, Brazil June 9, 2020. Adriano Machado | Reuters Brazilian President Jair Bolsonaro has said he tested positive for coronavirus
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Warren Buffett just announced his annual charitable donations to the five philanthropies he’s chosen to give the vast bulk of his fortune to. This year, the “Oracle of Omaha” is distributing 15.9 million class B shares of Berkshire Hathaway valued at about $2.9 billion. That brings his total philanthropic donations to more than $37 billion
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Harvard University and MIT pushed back on Wednesday against a new rule that would require international students to take classes in-person this fall in order to stay in the country. The guidelines issued Monday by Immigration and Customs Enforcement said “students attending schools operating entirely online may not take a full online course load and remain in the
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Business spending showed some signs of green shoots in June, as manufacturers bought more equipment and spending shifted away from stay-at-home sectors to ones that could rebound in a reopening economy,  according to Cortera, a software company which analyzes business-to-business credit transactions. But overall June spending was still depressed, down 10.9% from the same month
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TOPLINE Stocks opened slightly higher on Wednesday as rallying tech shares helped offset investor concerns about the surge in coronavirus cases across the country derailing an economic recovery. Stocks moved slightly higher after a sell-off on Tuesday. Spencer Platt/Getty Images KEY FACTS The Dow Jones Industrial Average was up 0.7%, nearly 200 points, on Wednesday,
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A Wal-Mart Stores Inc. associate organizes school supplies at a Wal-Mart Stores Inc. location in the Porter Ranch neighborhood of Los Angeles, California. Patrick T. Fallon | Bloomberg | Getty Images Nobody really knows what the back-to-school shopping season is going to look like this year — not retailers, parents, students nor teachers.  Anxiety is running
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Economic Security Planning, Inc. Today’s column addresses questions about the ability to receive spousal benefits after filing early for Social Security retirement benefits, taking Social Security survivor benefits before retirement benefits and whether a survivor’s benefit from a non-covered pension would affect Social Security retirement benefits. Larry Kotlikoff is a Professor of Economics at Boston
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Economic activity fell in all states during first quarter, raising concerns of potential cuts People wait in line as SF-Marin Food Bank hands out 1600 food bags in San Francisco on April 20, 2020. Work furloughs and layoffs created by coronavirus shelter-in-place orders are driving thousands to seek food assistance. San Francisco Chronicle | Hearst
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