Happy Wednesday MarketWatchers. Don’t miss these top stories:
Trump says he’ll keep low-income housing out of suburbs as he rescinds Obama-era anti-segregation regulation
Housing advocates say the regulation was necessary to combat racial segregation, but Trump says getting rid of it will lead to higher home prices.
Republicans want to replace extra $600 unemployment benefit with 70% replacement wages — here’s why that could take months to implement
‘So many people receiving unemployment benefits are self-employed or are gig workers.’
Did the extra $600 unemployment benefit stop people from job hunting? These Yale economists say they finally have an answer
Members of the Trump administration have argued that the extra $600 in unemployment benefits Americans are getting creates a disincentive to search for a new job.
Republicans and Democrats both want another round of stimulus checks — but here’s where they disagree
Republicans unveiled the HEALS Act Monday, while Democrats are backing the HEROES Act passed by the House in May.
My father worked in a hospital and died from COVID-19. We can’t afford his burial or funeral expenses — what can we do?
‘Can we file for any death benefits or claim funeral expenses from the hospital where he worked?’
Why are ‘Karens’ so angry? Videos of white women losing their cool and confronting Black people have taken social media by storm
Some people say these memes provide a handle on behaviors born of entitlement and privilege, while others point to economic disenfranchisement. What’s behind their rage?
Look out for these ten scams being used by coronavirus crooks preying on worried consumers
From dodgy dating profiles to get-rich-quick investment schemes, here’s what to watch out for as opportunistic scammers look to capitalize on the coronavirus outbreak.
Pending home sales continued to rebound across the country in June (for now)
Once Americans get used to sub-3% rates, they may not continue to drive sales volumes.
‘It will be painful for colleges and also painful for students’: Plans to bring back students get derailed by COVID-19 surge
‘These numbers aren’t getting better they’re getting worse’
The push for universal basic income is gaining momentum amid the pandemic
‘The maliciousness of economic pain is being felt more widely and people are saying, “I don’t want to live in that world,”‘ said Natalie Foster, co-chair of the Economic Security Project
Elsewhere on MarketWatch
Capitol Hill talks on next COVID-19 financial aid bill stuck in neutral Wednesday, as lawmakers face Friday deadline
Capitol Hill talks over the next COVID-19 bill appeared stuck in neutral Wednesday, as lawmakers face a self-imposed target day of Friday to get something done but even a narrow extension of some policies is contested.
The U.S. is the second-worst country for raising a family, survey shows
If it weren’t for our neighbors to the south, the U.S. would have the dubious distinction of being the worst country to raise a family, according to a recent survey of the 35 nations that are part of the OECD.
Powell says pickup in coronavirus is slowing the economy
Federal Reserve Chairman Jerome Powell said Wednesday that the rise in coronavirus cases is slowing the economy.
Young people could be driving a surge in coronavirus cases in Europe, warns the WHO
The European regional director for the WHO said in a radio interview that increasing infections among young people could be responsible for rising case numbers.
Beating the coronavirus and fixing the economy are impossible unless we overcome 30 years of political decay
America’s political decay means that we can no longer unite to solve our common problems, such as the pandemic or economic recession.
How you answer this one question determines how you should invest right now
The S&P 500 may end 2020 below where it is today, but do you think the U.S. economy will be in a better place in 18 months?
A mutual fund made a $105 million mistake. Here’s what investors need to know.
A mutual fund administrative error cost shareholders over $100 million and may serve as a warning that investors have to keep an eagle eye on their holdings.