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Aug. 6, 2020, 12:00 p.m. EDT

Jobless claims fall almost 250,000 to 1.19 million to mark new pandemic low

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By MarketWatch

MARKETWATCH FRONT PAGE

Initial jobless claims fell in early August for the first time in three weeks and touched the lowest level since the coronavirus pandemic began more than four months ago, a surprising decline that suggest some improvement in the labor market despite an increase another viral outbreak. New applications for unemployment benefits sank by 249,000 to 1.19 million. See full story.

Mortgage rates fall to a record low for the eighth time this year, making buying a home more affordable for many Americans

While home buyers may have plenty of options for cheap financing, they won’t have much choice about what properties they can purchase. See full story.

The market is underpricing the possibility of a vaccine, Goldman Sachs strategists say

The market is underpricing the possibility of a coronavirus vaccine, according to Goldman Sachs strategists. See full story.

Going cashless during the COVID pandemic makes life even more difficult for the 14 million unbanked Americans

The pandemic has businesses shifting away from cash to 'touchless transactions.' What does that mean for America's 'unbanked,' people who don't have bank accounts? See full story.

Facebook, Twitter remove Trump posts for making ‘false claims’ about coronavirus

The post was a video clip from a Fox News interview with Trump about reopening schools, in which he wrongly claimed children are "virtually immune" to COVID-19. See full story.

MARKETWATCH PERSONAL FINANCE

The CARES Act was supposed to halt wage garnishment for defaulted student-loan borrowers, but a lawsuit says it's still happening. See full story.

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