Happy Thursday MarketWatchers. Don’t miss these top stories:
Social distancing ‘substantially varies’ by income: study
The extent that people stay home depends on how much money they make
The numbers don’t lie: Diverse workforces make businesses more money
Investors and company leaders should pay attention to this key profitability measure, writes Jack Myers.
Why are ‘Karens’ so angry? Videos of white women 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?
Woman who destroyed mask display in Target: ‘Mental illness has been really something that has not been addressed as a result of this pandemic’
‘I love what I do and am passionate about what I do and I’m going to fight this,’ Melissa Rein Lively told USA Today.
10 new AWD cars for less than $25k
All-wheel-drive doesn’t mean spending a fortune. Here are the 10 most affordable AWD vehicles of 2020
New spins on old credit card scams: What they are and how to avoid them
Knowing how the most common scams work and how to avoid falling for them can keep your money and your identity safe.
Did you start a side gig during the COVID-19 pandemic? Think carefully before answering these IRS questions
The IRS will want to know whether your sideline activity is a hobby or a business.
‘We have each other’: Saddled with remote learning, college students create off-campus dorm experiences of their own
Some students are limiting themselves to one guest each for the semester and those guests will have to wear masks while inside the apartment.
International student applications to U.S. colleges are predicted to fall this year — why that will hurt more than universities
Research indicates that public colleges rely on international students, who typically pay full tuition, to fill in budget gaps.
Elsewhere on MarketWatch
‘A massive welfare economy’ – huge federal aid prevents an even steeper GDP collapse
The U.S. economy’s record contraction in the second quarter would have been a lot worse if Washington hadn’t stepped up with trillions of dollars of emergency spending.
Could Trump delay the election? No — but Congress could
President Donald Trump tweeted a suggestion to delay the November election, repeating an allegation that more mail-in voting will result in fraud. Delay the election? Could he do that? No. Not by himself.
The government clearly kept the economy afloat in the second quarter, so why are Republicans in a rush to pull the support away right before the election?
Government relief checks are the only thing that’s kept tens millions of families from starving or from losing their homes. Why wouldn’t Republicans want to continue that support through the election?
U.S. economy plunges at titanic 32.9% rate in 2nd quarter and points to drawn-out recovery
An economy badly battered by the coronavirus shrank at a record 32.9% pace in the second quarter, underscoring just how big a hole the U.S. finds itself in as it labors to recover from the deepest recession in American history
Congress risks creating a ‘recipe for disaster,’ if more pandemic aid isn’t delivered quickly to consumers, warn bond investors
U.S. stocks still paint a pretty rosy picture of the future, despite a record 32% drop in GDP for the second quarter. But bond investors warn of more economic pain to come if Congress fails to provide more pandemic aid to consumers.