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The Dollar Is Dropping. What It Means and Which Stocks Might Gain.

[Barrons, Bloomberg] The dollar has been weakening in recent months and currency strategists see more declines ahead. That could call for a different playbook for investors, including more foreign holdings. In a note to clients on Monday, Goldman Sachs ’s currency strategists forecast a 5% weaker dollar in trade-weighted terms during the next […]

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Almost Half of All Jobs Lost During Coronavirus May Be Gone Permanently

[The Motley Fool] Talk about a dire situation. The COVID-19 outbreak has clearly done a number of the U.S. economy, plunging it deep into a recession and sending unemployment levels skyrocketing. In fact, jobless claims reached a record high in April, and while things improved slightly in May and June, new restrictions could send […]

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Unemployment benefits wiped from accounts with no explanation

[ABC NEWS] Many people receiving unemployment money from Arizona woke up Saturday to empty accounts. Friday night, the unemployment accounts of people who received their money via a Bank of America debit card were emptied. “It’s panic mode. It’s panic mode. People woke up this morning with no money,” said […]

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Texas seeks millions from unemployed workers after state ‘overpaid’ benefits

[Houston Chronicle] The state is trying to claw back tens of millions of dollars in unemployment benefits that it mistakenly paid to thousands of Texans, many of whom have already spent the money and face difficulties paying it back. The Texas Workforce Commission has sent 46,000 notices to jobless workers seeking repayment […]

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