Personal Finance Daily: ‘Not everyone that owes back child support is a deadbeat’ and what happens to vouchers, credit cards and travel miles if airlines go bankrupt?
Happy Wednesday MarketWatchers. Don’t miss these top stories:
‘It’s really the Wild West out there.’ Your trip to the dentist is about to get more painful — but not for the reason you might think
One dentist has spent nearly $35,000 on disinfectant equipment, including oral high-speed aerosol evacuation units, ozone generators and ultraviolet lights.
Airlines are on the brink of bankruptcy — what happens to your voucher, travel miles and airline credit card if they go belly up?
As some warn about the possibility of airline bankruptcies, consumers could face the loss of those canceled tickets.
‘Not everyone that owes back child support is a deadbeat.’ Is it fair for President Trump to garnish stimulus checks of fathers who are behind on payments?
‘I was nearly $15,000 in debt to my ex-wife. I have been diligently paying the back support down and, now, 10 years later, I finally paid it off.’
My son is staying with me, yet my financially irresponsible ex-husband received his $500 stimulus check. Is my ex right to keep it?
The combination of ethics, divorce agreements, the law and the IRS leads to a long and winding road filled with pot holes, sharp turns and speed bumps.
‘I owe child support from my first marriage and did not receive a stimulus check. Does Trump not realize I have another family to take care of?’
‘Withholding checks now does not take into account the unprecedented circumstances in which we’re living.’
Mortgage delinquencies caused by the coronavirus will exceed Great Recession levels, according to this forecast
The troubles homeowners face now could make it harder for other people to get home loans in the future.
Lost your job and health insurance due to coronavirus? Here’s how to get coverage before time runs out
Some 26.8 million workers and their dependents could become uninsured after losing employer-based insurance, a Kaiser Family Foundation analysis found.
‘All the days are blurring together’: How to battle burnout and find a healthy work-life balance during the pandemic
‘I, for one, feel burned out by constant Zoom meetings all day.’
Automakers ramp up incentives to ease buyers’ concerns of health and the economy
Deferred or forgiven payments, 0% financing, home delivery are some strategies to help keep the fragile auto industry afloat
If there’s even a chance of bankruptcy in your future, here’s what you should do now
A few do’s and don’ts to start thinking defensively and prepare, in case bankruptcy is in the pipeline.
Elsewhere on MarketWatch
He’s suspended for urging fellow officers to ignore stay-at-home orders — he also seems to be getting rich
Greg Anderson, a Port of Seattle police officer and Special Forces veteran, has a problem with the direction this country is headed during the coronavirus pandemic. He’s prepared to lose his job over it.
‘Darkest winter in modern history’ coming without stronger coronavirus response, Rick Bright to testify
Rick Bright, the ousted director of a key government health office, will testify Thursday that the U.S. faces its “darkest winter in modern history” without a stronger response to the coronavirus.
A day before deadline, these public companies have returned emergency loans meant for small businesses
The Treasury Department says Paycheck Protection Program loans are not meant for “a public company with substantial market value and access to capital markets” and given big borrowers a May 14 deadline. Here’s how the returns are going.
With unemployment at depression levels, even all the Fed’s money printing can’t muster much inflation
Until the economy reaches something approximating full employment, there is little chance of an inflationary outbreak.
Treasury says Paycheck Protection Program loans below $2 million typically won’t face audits
Updated guidance from the U.S. government suggests that about half of the PPP loans given to public companies don’t need to be returned.
There is a growing sense recovery will be slow, Fed’s Powell says
The economic recovery may take some time to gather momentum and more fiscal spending may help avoid damage that could build as a result, said Fed Chairman Jerome Powell on Wednesday.
Trump calls out ‘so-called rich guys’ speaking negatively about the stock market, alleges they are ‘betting big against it,’ as Dow falls 500 points
President Donald Trump took to Twitter on Wednesday to express his displeasure with prominent investors delivering grim forecasts about the outlook for the economy and the stock market.
Investors should prepare for a U.S. ‘economic depression,’ warns Kyle Bass, but China’s fate could be even worse
Kyle Bass made his name betting against the U.S. housing market more than a decade ago, and now he is predicting an economic contraction that could be more than three times as severe as that suffered during the Great Financial Crisis.