News You Can Use

Markets react to latest stimulus talks; ‘Black Panther’ star Chadwick Boseman died without a will: Here’s how the headlines could affect your money

Stock markets react to stimulus talks while unemployment claims are the lowest since March.

WASHINGTON, DC - AUGUST 31: A view of the Chadwick Boseman memorial at Howard University on August 31, 2020 in Washington, DC. (Photo by Brian Stukes/Getty Images)
Brian Stukes | Getty Images Entertainment | Getty Images

The stock market is reacting to ongoing coronavirus stimulus talks, the number of Americans who filed for first-time unemployment claims is the lowest since March, and "Black Panther" star Chadwick Boseman died without a will. Here's how the headlines could affect your money.

Markets react to renewed stimulus talks

All three major indexes fell slightly Wednesday as investors eyed consensus on a coronavirus stimulus bill. Markets were up slightly Thursday afternoon on signs of progress with negotiations.

Pressure mounts on both sides to have a bill on President Donald Trump's desk before the November 3 elections. House Speaker Nancy Pelosi said Thursday a deal on new coronavirus aid was "just about there."

Weekly jobless claims drop to lowest level since March

The Department of Labor released its jobless report Thursday, showing that 787,000 Americans filed first-time unemployment claims the week ending October 17, significantly lower than the analyst predictions of 875,000 new claims.

That figure is down from the 842,000 reported the previous week and marks the lowest level since March. 

VIDEO3:2003:20
How to plan for stock market downturns

Video by Stephen Parkhurst

"Black Panther" star Chadwick Boseman died without a will

When legendary actor Chadwick Boseman died in August, he did not have a will in place. That means the fate of at least part of the 43-year-old's estate, worth an estimated $939,000, is being left up to the courts.

If you don't put plans in place, state intestacy laws may determine who gets your assets. Crafting a simple will can take less than an hour. And be sure to keep your beneficiary information for life insurance and retirement accounts up to date, too, since what's listed there trumps even what's in your will.

Words you've heard: Intestacy 

When someone dies without a will, much of their property is handed down via state intestacy laws, meaning the state will distribute the decedent's wealth. All 50 states and the District of Columbia have intestate laws or statutes determining who gets what share. 

Although the daily news can have an impact on your wallet, remember to take a long-term outlook when it comes to decisions on spending, saving, and investing.

More from Grow:

acorns+cnbcacorns cnbc

Join Acorns

GET STARTED

About Us

Learn More

Follow Us

All investments involve risk, including loss of principal. The contents presented herein are provided for general investment education and informational purposes only and do not constitute an offer to sell or a solicitation to buy any specific securities or engage in any particular investment strategy. Acorns is not engaged in rendering any tax, legal, or accounting advice. Please consult with a qualified professional for this type of advice.

Any references to past performance, regarding financial markets or otherwise, do not indicate or guarantee future results. Forward-looking statements, including without limitations investment outcomes and projections, are hypothetical and educational in nature. The results of any hypothetical projections can and may differ from actual investment results had the strategies been deployed in actual securities accounts. It is not possible to invest directly in an index.

Advisory services offered by Acorns Advisers, LLC (“Acorns Advisers”), an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). Brokerage and custody services are provided to clients of Acorns Advisers by Acorns Securities, LLC (“Acorns Securities”), a broker-dealer registered with the SEC and a member of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). Acorns Pay, LLC (“Acorns Pay”) manages Acorns’s demand deposit and other banking products in partnership with Lincoln Savings Bank, a bank chartered under the laws of Iowa and member FDIC. Acorns Advisers, Acorns Securities, and Acorns Pay are subsidiaries of Acorns Grow Incorporated (collectively “Acorns”). “Acorns,” the Acorns logo and “Invest the Change” are registered trademarks of Acorns Grow Incorporated. Copyright © 2019 Acorns and/or its affiliates.

NBCUniversal and Comcast Ventures are investors in Acorns Grow Incorporated.