This is how fast Americans are spending their stimulus checks — and here’s a breakdown of what they’re buying

When Americans received stimulus checks during the Great Recession, studies indicated many spent at least of portion of their money on cars. During the 2008 stimulus program, up to 90% of the rise in durable good spending had to do with auto spending, according to previous research by the American Economic Association. (At that time,…

Home-builder confidence rebounds in May from historic decline as industry grows optimistic about post-pandemic home sales

The numbers: Confidence among home builders has recovered somewhat after last month’s record-breaking decline even as much of the country remains under stay-at-home orders because of the coronavirus pandemic. The National Association of Home Builders’ monthly confidence index rose seven points to a reading of 37 in May, the trade group said Wednesday. April’s figure…

These money and investing tips can help you manage the ‘new abnormal’ realities of the coronavirus-damaged economy

Don’t miss these top money and investing features: These money and investing stories, popular with MarketWatch readers this past week, offer ways to manage your financial portfolio and to invest strategically as we all come to terms with the “new abnormal” life the coronavirus pandemic has brought us. INVESTING NEWS & TRENDSDespite the stock market’s…

I did not file my taxes because I was afraid I could not afford to pay. Is it too late to file taxes for a $1,200 stimulus check now?

The Moneyist has received hundreds of letters about stimulus checks over the last seven days. Many of these relate to people filing their 2018 or 2019 tax returns late. Here are five of those letters — and one answer: I was reluctant to file my taxes for 2018 and 2019 for fear of owing what…

What’s happened to value stocks?

If you’re an active value investor, or you’re just holding retirement money in a “value” stock mutual fund, well…. It sucks.You’ve lost about a fifth of your money so far this year, while competing “growth” funds are nearly even stevens. The market losses of 2020 are almost all on the “value” side of the ledger.…

Mozart is the new Kanye — and other surprising book, movie and music trends during the age of coronavirus

One might think in such a dark time where nearly 300,000 lives have been lost worldwide due to coronavirus and nearly 36 million Americans are out of work, some comic relief would be welcomed with open arms. But instead of watching comedies like “The Hangover” or “Broad City,” Americans are watching dramas like “Contagion” on…

What parents should know about the mysterious coronavirus-related disease affecting children: pediatric multisystem inflammatory syndrome

Health officials are increasingly sounding the alarm on what could be a COVID-19-related illness in children that’s been reported in at least 16 states and six European countries. The rare but possibly life-threatening condition, which is being called pediatric multisystem inflammatory syndrome, or PMIS, presents with symptoms that often differ from kid to kid, and…