NewsWatch: Dow plunges 7%, marks worst day since March as Fed’s grim outlook and rising cases of coronavirus unsettle bulls

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MARKETWATCH FRONT PAGE

U.S. stocks on Thursday mark the worst day since the height of the coronavirus-induced rout, amid signs of a re-acceleration of cases of COVID-19, and as investors digest Wednesday’s sobering economic outlook from Federal Reserve Chairman Jerome Powell. See full story.

Trump slams Fed as Dow dives more than 1,800 points

President Donald Trump criticized the Federal Reserve over Twitter on Thursday, one day after Fed Chairman Jerome Powell offered a grim outlook about the economy, saying there was a “long road” ahead. See full story.

I’ve got a budget of $3,300 a month and want to be near some ‘wild’ areas — where should I retire?

Three suggestions within a day’s drive of northern New Jersey. See full story.

The extra $600 Americans get in weekly unemployment benefits ends next month — here’s what lawmakers are proposing to replace it

Extending the extra $600 could create a disincentive to return to work, some lawmakers say. See full story.

Yes, America needs to brace itself for a second wave of coronavirus

Coronavirus cases in the U.S. have surpassed 2 million, and have risen by double-digit percentages in 16 U.S. states that have loosened restrictions since Memorial Day. See full story.

MARKETWATCH PERSONAL FINANCE

About one-fifth of total law-enforcement staff time and 10% of law-enforcement agencies’ total budgets in 2017 went toward responding to and transporting people with mental illness. See full story.

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