Thursday, December 31, 2020
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Some of our most popular originals of this year
As 2020 comes to a close, we look back at some of the most-read stories published by the Yahoo Finance team during this unprecedented year. Morning Brief will return on Monday, January 4.
Happy New Year!
A glossary of the Federal Reserve’s full arsenal of ‘bazookas’: A breakdown of the Fed’s arsenal of tools launched to provide liquidity to the economy in the wake of the coronavirus.
Bill Murray asked Warren Buffett a question, and the billionaire gave a powerful answer on income inequality: We should ‘try to create a society that under normal conditions with more than $60,000 of GDP per capita, that anybody that worked 40 hours a week can have a decent life without a second job,’ says Buffett.
The Nikola scandal proves even GM will do anything to catch up to Tesla: Tesla’s lead in electric vehicle technologies has other automakers making desperate moves to catch up.
There’s ‘no historical precedent’ for working from home amid coronavirus fears: There’s little employees can do, legally, to force their employers to pay their wages or to hold their jobs if they insist on either skipping work or working from home over fears of contracting the illness,
Job cuts come for white-collar workers: ‘There are no truly recession-proof’ occupations: Recent job cut announcements by companies indicate that more white-collar jobs are on the chopping block.
How a remote work boom and city exodus might reshape rural America: The pandemic has the potential to push Americans out of cities for the first time in decades. This could affect rural areas in interesting ways.
The American mall experience is evolving before our eyes — here’s a virtual sneak peek: The pandemic pushed up the day of reckoning for malls but some will be reborn into something far more useful for the modern era.
How the pandemic could permanently change unemployment benefits: Experts say the COVID-19 pandemic has highlighted problems with U.S. unemployment benefits — and they’re hoping for longterm changes in a post-pandemic world.
Florida teacher explains why she retired because of coronavirus, doubts safe return to schools: Amy Scott explains why she was not enticed by trying to engage students virtually every day.
TikTok’s new generation of millionaires: ‘I did it 100% on my own’: TikTok has become a cash cow for young creators who find the platform unmatched in terms of creative opportunity and potential virality.
Better ways to protect workers in a recession: President-elect Joe Biden wants to emulate a German system that keeps most people employed when the economy tanks.
What to expect from the XFL in its third attempt at taking on the NFL’s football monopoly: After the COVID-19 pandemic forced the XFL to file for bankruptcy, Dany Garcia and business partner Dwayne ‘The Rock’ Johnson, is rebuilding the league. Is it third’s time the charm?
What Chris Paul learned in the NBA bubble: “I think sports have always been political,” Chris Paul, president of the NBA Players Association, told Yahoo Finance.
What to watch today
8:30 a.m. ET: Initial jobless claims, week ended December 26 (833,000 expected, 803,000 during prior week)
8:30 a.m. ET: Continuing claims, week ended December 19 (5.390 million expected, 5.337 million during prior week)
No major releases
European markets open lower on last day of 2020 as dollar dips on investor confidence [Yahoo Finance UK]
$2,000 stimulus check proposal blocked again by Senate Republicans [Yahoo Money]
US dollar falls to lowest level for more than two years [Yahoo Finance UK]
J.C. Penney starts search for new CEO as Soltau to exit [Reuters]
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