The Senate passed the $2 trillion Coronavirus Aid, Relief & Economic Security Act on Wednesday, and the House of Representatives was expected to do the same on Friday or Saturday, then sending the bill to President Trump to be signed into law. Here’s a breakdown of some of the important provisions of the CARES Act:
• Relief for student borrowers
• Increased unemployment benefits
• Direct payments to individuals and couples
You can see the entire CARES bill here.
Small-business owners tell their stories
Read what the owners of these small businesses are going through because of the coronavirus pandemic:
• Life at a small bakery amid coronavirus: open just 2 days a week and struggling to survive
• These 2 women bought a plant nursery — just as the coronavirus pandemic hit
• The owner of this small business pleads for help — and explains why disaster loans aren’t the answer
iStock/Getty Images Are your children bored at home?
Here are 20 virtual field trips that might help keep your kids occupied — join them on the trips!
Other dispatches from the pandemic
Jeremy Olshan, the editor of MarketWatch, describes life at home during what may turn out to be “a focusing event.”
Barbara Kollmeyer sends a dispatch from Spain, where the lockdown is far fiercer than anything in the U.S.
Getty Images Caroline Baum lives on Martha’s Vineyard, where local authorities are trying to discourage summer residents from arriving early.
Here’s a collection of photos showing daily life around the world during the coronavirus shutdown.
Find more dispatches from the pandemic here.
The new bull market may not last long
The Dow Jones Industrial Average DJIA, -3.65% rose 21% over three trading sessions, as the Senate’s passing of the CARES Act seemed to overshadow a record 3.28 million in unemployment claims reported Thursday. (It was back to sinking midday Friday.) Here are two factors driving those gains and Mark DeCambre’s bearish take on the new bull market.
Looking ahead
Analyst at Jefferies said long-term investors willing to put money to work in a down market could be “practically stealing” shares of high-quality companies whose shares had suffered “indiscriminate selling.”, who left more than 300 comments.
Mark Hulbert warned that the CARES Act doesn’t mean the stock market is anywhere near bottoming amid the coronavirus crisis. He also pointed to a long-term problem with U.S. corporate culture.
Michael Brush listed five biotech stocks that may turn out to be excellent long-term plays for investors who scoop them up now, plus 20 stocks that corporate insiders have been buying the most amid the coronavirus-induced market selloff.
Unlucky retirement timing
Here’s how recent retirees can handle their money and emotions during a perfect storm of health and financial crises.
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