News You Can Use

Stimulus talks resume; homeowners in better shape; you could work from Bermuda: Here's how the headlines could affect your money

Markets rose on resumed stimulus talks. Several countries are offering 1-year visas for digital nomads. Here’s how today’s news affects your wallet.

Nancy Pelosi and Steven Mnuchin

Markets were up as stimulus talks resumed; fewer Americans needed pandemic-related mortgage forbearance; and digital nomads can get 1-year visas to work remotely from Bermuda, among other places. Here's how the headlines could affect your money.

Stimulus talks back on (again)

At market close Thursday, all the major indexes were up: The Dow reached its highest level in a month on hopes of another coronavirus stimulus package.

Despite market fluctuations on various stimulus-related developments, including Trump's about-face on postponing talks and House Speaker Nancy Pelosi saying she wouldn't back standalone airline aid, all three benchmarks were tracking for strong weekly gains.

Pelosi resumed talks Thursday with Treasury Secretary Steven Mnuchin. On Friday, Trump said that he wanted to up Mnuchin's most recent $1.6 trillion bill proposal to $1.8 trillion. Also on Friday, Trump said on Rush Limbaugh's radio show, "I would like to see a bigger stimulus package frankly than either the Democrats or the Republicans are offering." The Democrat-led House of Representatives passed a $2.2 trillion stimulus bill on October 1; the Republican-led Senate has not yet voted on it.

Democrats, Republicans, and the president have all said that they're on board with an additional individual up to $1,200 stimulus check and weekly enhanced unemployment assistance.

Fewer people need mortgage help

U.S. homeowners seem to be in better financial shape. The number of mortgages in active forbearance due to the coronavirus dropped by 18% last week, according to mortgage data analytics firm Black Knight. "These are clear signs of long-term improvement," says Black Knight economist Andy Walden.

How to work remotely from Bermuda

As of August, a quarter of Americans were working remotely full time during the pandemic, according to the Dallas Fed, and they could log on from almost anywhere.

Happily for those with wanderlust, several nations are welcoming American digital nomads, including Barbados, Bermuda, and the nation of Georgia. Do your research; some nations have a minimum income requirement. 

Home office furniture worth splurging on

Video by Courtney Stith

Words you've heard: Mortgage forbearance

A mortgage forbearance is a temporary loan postponement offered by the lender. It lets the borrower lower or pause payments, but it does not lower the mortgage amount. As part of the CARES Act, some borrowers whose finances were affected by the pandemic were entitled to mortgage forbearance.

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


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.