Stimulus check money: Here’s what we know about how big your second relief payment could be

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We help you estimate the maximum amount that could end up in your bank account if another stimulus payment arrives.


Angela Lang/CNET

How much money could you get if you qualify for a second stimulus check? We can begin to count it up given what we know so far, especially now that there’s hope that another coronavirus relief bill with a new round of stimulus money could pass before the Nov. 3 election

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are in the thick of further negotiations for bipartisan legislation that includes a check as well as other items like $600 per week in federal unemployment benefits

The first stimulus check was worth up to $1,200 per adult, but a second stimulus check may amount to more or less, especially if the qualifications for dependents are broadened or if your financial circumstances have changed since

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Stock futures continue rally into October on stimulus hopes

U.S. equity futures are indicating a higher open on Wall Street ahead of the first trading session of October .

The major futures indexes are suggesting a gain of 0.8%.

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On Wednesday, prospects for additional support from Congress for the economy helped drive the day’s trading on Wall Street.

Economic data being released on Thursday could determine the direction of the market.

The estimate for weekly jobless claims is that 850,000 people may have filed for first time unemployment benefits, down 20,000 from the prior week.

Reports on personal income and spending for August as well as the September ISM Manufacturing report are also on the docket.

US PRIVATE EMPLOYERS ADD 749,000 JOBS IN SEPTEMBER, TOPPING EXPECTATIONS

A report from payroll processor ADP on Wednesday

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Oil holds steady on hopes for U.S. stimulus agreement

By Sonali Paul



a traffic light in front of a sunset: FILE PHOTO: A pump jack operates in front of a drilling rig at sunset in an oil field in Midland


© Reuters/Nick Oxford
FILE PHOTO: A pump jack operates in front of a drilling rig at sunset in an oil field in Midland

MELBOURNE (Reuters) – Oil prices were little changed in early trade on Thursday after U.S. lawmakers postponed a vote on a $2.2 trillion coronavirus relief package in hopes of reaching a bipartisan deal, while rising infections fuelled demand fears.

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U.S. West Texas Intermediate (WTI) crude futures slipped 1 cent to $40.21 a barrel at 0146 GMT, after jumping 2.4% on Wednesday. Brent crude futures rose 3 cents to $42.33 a barrel, after falling 0.2% overnight.

U.S. Treasury Secretary Steven Mnuchin said talks with House Speaker Nancy Pelosi made progress on COVID-19 relief legislation.

WTI jumped on Wednesday after data from the U.S. Energy Information Administration showed crude stocks and distillate inventories, which include diesel and jet fuel, fell more than expected in

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US Stocks Gain On Stimulus Talks, Shrugging Off Trump-Biden Brawl

Wall Street stocks gained Wednesday on good US economic data and revived stimulus hopes as investors shrugged off a contentious presidential debate between President Donald Trump and former Vice President Joe Biden.

After European equities retreated, US equities mounted a rally following upbeat comments by US Treasury Secretary Steven Mnuchin that reopened the door to a potential stimulus deal with congressional Democrats.

In an interview with CNBC on Wednesday morning, Mnuchin said he was “hopeful” over the talks’ prospects, and that “We’re going to give it one more serious try to get this done.”

“I think there is a reasonable compromise here. It’s something that the president very much wants to get done,” he said.

The gains ebbed somewhat later in the session as talks with House Speaker Nancy Pelosi did not yield a deal. But the two parties said they would keep talking.

“It’s hard to overstate the importance

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Wall Street surges on rekindled stimulus optimism

NEW YORK (Reuters) – U.S. stocks jumped on Wednesday as fresh hopes for a new pandemic relief package and upbeat economic data set the major indexes on course to end the quarter on a high note.

FILE PHOTO: A worker cleans the floor of the New York Stock Exchange (NYSE) , U.S., March 20, 2020. REUTERS/Lucas Jackson/File Photo

All three major indexes moved sharply higher after U.S. House of Representative Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin both expressed hope for a breakthrough in partisan stimulus negotiations.

“The real thing that’s pushing the markets higher today is hopes for additional stimulus,” said Robert Pavlik, chief investment strategist at SlateStone Wealth LLC in New York. “But you combine that with good economic news and throw in quarter-end window dressing, you end up with a market that’s up as opposed to where futures were headed last night after the debate.”

Market

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Dow ends 329 points higher, but stocks book worst month since March as fiscal stimulus hopes fade

U.S. stock indexes closed higher Wednesday, but booked their worst month since March, as hopes faded for another round of fiscal stimulus from Washington ahead of November’s election.

Market participants also were wary of a potentially contested November result following Tuesday’s rancorous first presidential debate.

The Dow Jones Industrial Average
DJIA
rose 329.04 points, or 1.2%, to close at 27,781.70, while the S&P 500 index
SPX
gained 27.53 points, 0.8%, to end at 3,363. The Nasdaq Composite
COMP
finished 0.7%, or 82.26 points higher, at 11,167.51.

For the month, the Dow closed 2.3% lower, the S&P 500 down 3.9% and the Nasdaq Composite ended off 5.2%, marking the first monthly decline for each benchmark since March which saw the low point of the sell off resulting from the coronavirus pandemic.

On a quarterly basis, the Dow advanced 7.6%, the S&P 500 rose 8.5% and the Nasdaq Composite surged 11%.

What
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Dollar Falters Against Most Majors on U.S. Stimulus Hopes | Investing News

By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) – The dollar fell against most currencies in choppy trading on Wednesday, as risk sentiment improved on renewed hopes for another stimulus package that could help ease the economic pain of the coronavirus-induced recession.

Overall, the dollar posted it worst quarter since September 2017, with a fall of about 3.5% as expectations for a swift recovery from the COVID-19 economic crash made investors exit safe havens and buy into riskier currencies.

The greenback slid against the Japanese yen and weakened versus currencies associated with higher risk appetite such as the Australian, New Zealand and Canadian dollars.

U.S. House of Representative Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin met on Wednesday in a bid to broker a bipartisan deal on stalled COVID-19 relief legislation ahead of the Nov. 3 election.

Shares on Wall Street rose, while U.S. Treasury prices fell as risk aversion eased.

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Dow Jumps 400 Points As Pelosi And Mnuchin ‘Hopeful’ About Stimulus Deal

Topline

The market moved higher on Wednesday thanks to rising hopes for another fiscal stimulus bill, while investors also assessed the first U.S. presidential debate.

Key Facts

The Dow Jones Industrial Average was up 1.6%, over 400 points, on Wednesday, while the S&P 500 rose 1.3% and the tech-heavy Nasdaq Composite gained 1.5%.

The market is wrapping up a dismal September, with all three major averages set to post their first monthly losses since March, when the stock market hit a low point during the coronavirus pandemic.

Market sentiment was lifted after House Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Steven Mnuchin both said that they are “hopeful” about reaching an agreement between Democrats and the White House on the next coronavirus stimulus bill later this week.

“We’re going to give it one more serious try to get this done

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Missing $500 in stimulus check money from the IRS? Today is the deadline to file

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You can still get your missing $500 stimulus payment for child dependents.


Sarah Tew/CNET

Do you think you might be missing a $500 payment for your dependents from the first round of stimulus checks? If so, today — Wednesday, Sept. 30 — is your last day to potentially correct the error. 

The $500 sum should’ve been part of the stimulus checks the IRS started sending out in spring. If you’re unsure how much money you’re owed, try CNET’s stimulus check calculator and your adjusted gross income (AGI) for an estimate. If the size of the check you received doesn’t seem as big as expected, you may need to request a catch-up payment.

Read on for what to do to file and claim, and what happens if you miss the Sept.

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What happens after Oct. 1? Airlines and passengers face new reality as stimulus draws to an end

American Airlines flight attendant Aaron Cuevas doesn’t know if he’ll have a job next week. He doesn’t even know if he should look for a new one or wait to find out how long unemployment might last.

Starting this week, American Airlines could begin furloughing 17,500 flight attendants, pilots, mechanics, ramp workers and other employees.

Across the airline industry, about 80,000 workers are holding notices telling them time is coming due for carriers to say goodbye if Congress doesn’t pass another payroll extension grant. Airline executives and union leaders say they are still hopeful to get a deal done by the end of September, but time is running out.

The changes are coming the fastest at Fort Worth-based American Airlines, which is staring at more debt and more overhead than its competitors.

What could happen after Thursday and in the weeks to come, will change flying for both passengers and

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