When will your stimulus check arrive? Many to receive money soon
Relief should come this week for many Americans who are fervently waiting to receive their stimulus check. Millions of taxpayers will begin receiving the extra money to pay rent, groceries and other bills starting Monday. The first group — estimated to cover 50 million to 60 million Americans — would include people who have already given their bank account information to the Internal Revenue Service. However, not everyone will receive a $1,200 check from the federal government. For individuals, the amount of money received is based on household income and how many children a person claims as dependents on taxes.
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Stock markets reopen after closing on Good Friday
The New York Stock Exchange and the Nasdaq will resume normal trading hours on Monday after being closed April 10 in observance of Good Friday. U.S. stocks advanced Thursday, capping their best week in more than four decades after the Federal Reserve said it would provide $2.3 trillion in loans to households,local governments and businesses in another effort to shield the economy from the coronavirus pandemic.
GM to begin volume ventilator production to fight coronavirus pandemic
General Motors is scheduled to begin volume production Monday after signing a federal contract worth nearly $490 million to build ventilators to fight the coronavirus pandemic. The Trump administration said the deal was awarded under the Defense Production Act, which President Donald Trump activated to press private companies into manufacturing devices to help alleviate the shortage of personal protective equipment at hospitals. The order, announced by the Department of Health and Human Services, will require the Detroit automaker to build more than 6,000 ventilators by June and deliver 30,000 by August.
- Trump invokes wartime authority of Defense Production Act to speed coronavirus aid. What is it?
Hilton, Marriott donate hotel rooms for medical workers responding to coronavirus
Hilton and American Express will donate 1 million hotel rooms for front-line medical professionals working on the coronavirus pandemic response beginning Monday. The rooms will be available to doctors, nurses, paramedics, emergency medical technicians and other workers through the end of May. “They truly are heroes,” said Hilton President and CEO Christopher J. Nassetta in a statement. Marriott is also donating $10 million in hotel stays for doctors and nurses.
East coast braces for severe weather
After severe weather pounded parts of the southeast on Easter Sunday, cities all along the East Coast braced for damaging storms Monday morning. The storms were expected to move toward the region, bringing threats of isolated tornadoes, hail, damaging winds and flooding, according to Accuweather. It came after a dangerous storm system that produced at least 13 radar-confirmed tornadoes battered Mississippi and Louisiana on Sunday night, killing at least seven people, damaging homes and leaving more than 60,000 customers without power. Storms continued to batter the South overnight, with much of the region under flash flood, tornado and thunderstorm warnings and watches. Areas from Georgia to southern New England were expected to be hit by severe thunderstorms Monday, Accuweather said.