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THE DOW JONES REBOUNDS MORE THAN 1,000 POINTS AS TRUMP SEEKS $1 TRILLION IN STIMULUS FOR COVID-19 FIGHT

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 US Stocks surged Tuesday (March 17) — rebounding from their worst day in more than three decades — as Wall Street cheered White House plans that could inject $1 trillion into the U.S. economy to cushion the blow of the coronavirus, CNBC reported.

Ending the session on Tuesday, the Dow Jones soared 1,048.79 points (equivalent to 5.2%) to 21,237.31 points, briefly dipped below  the 20,000 for the first time since February 2017 before rebounding. The S&P 500 was up 6% at 2,529.19 while  Nasdaq Composite gained 6.2% at 7,334.78.

The Trump administration is weighing a fiscal stimulus package of more than $1 trillion that includes direct payments to Americans, according to a source familiar with the matter. Earlier, Treasury Secretary Steven Mnuchin told reporters the government is considering directly sending checks to Americans in the next two weeks. “Americans need cash now,” he said.

Mnuchin added corporations will be able to defer tax payments of up to $10 million while individuals could defer up to $1 million in payments to the Internal Revenue Service. Mnuchin also said President Donald Trump authorized the deferral of $300 billion in IRS payments.

Treasury yields jumped, with the 10-year U.S. rate breaking back above 1% on news of the big stimulus plan. Yields move inversely to prices. The iShares 20+Year Treasury Bond ETF (TLT) dropped more than 6% as investors fled bonds for stocks.

The Federal Reserve announced measures to help companies struggling to get short-term funding amid the outbreak. The market has been hampered by a lack of demand for paper issued, and Wall Street has been looking for central bank intervention along the lines of what happened during the financial crisis.

Amazon shares jumped 7% after an analyst at Bank of America noted the e-commerce giant will benefit from the global “in-home shift” due to the coronavirus. Netflix climbed 7% as well while Apple closed 4.3% higher.

Biotech giant Regeneron, meanwhile, said Tuesday morning that it’s aiming to have doses of a potential drug for COVID-19 ready to start human clinical trials by early summer. The announcement, which represents a marked acceleration in the company’s drug timeline, sparked a 11.5% rally in the company’s equity.

More than 5,700 cases have been confirmed in the U.S. along with more than 90 deaths, according to data from Johns Hopkins University. President Donald Trump also said the crisis could stretch into August, adding the administration may look at locking down “certain areas.”

The Cboe Volatility Index (VIX) — Wall Street’s preferred fear gauge — posted its highest-ever close at 82.69. That tops the financial crisis’ peak of 80.74. On Tuesday, the VIX traded down 9.2 points at 73.2.

 

How to enable Folder Protection in Windows 10’s OneDrive

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What is OneDrive’s Folder Protection feature?

Folder Protection, or formerly Known Folder Move, is considered one of the new features that Microsoft adds to OneDrive for Windows 10. Basically, Folder Protection helps protect and allow users to automatically move messages. Documents, Desktop and Pictures items on the OneDrive cloud service to ensure the backup of important documents is done as well as synchronizing data and folders on many Windows 10 devices.

Although users can make backups in the traditional way, for those who have a habit of regularly backing up their important documents on a computer or Documents folder, this feature is really useful.

How to enable Folder Protection in Windows 10’s OneDrive

Step 1: Right-click the OneDrive icon in the system tray and click on the More option. Then click Settings in the options menu that appears.

Step 2: Windows OneDrive setup window on Windows 10 appears, click the Auto-save tab and select “Update Folders”.

Step 3: The list of system folders appears, check the folders you want to sync and click Start Protection.

In addition, the Auto Save option also allows users to automatically back up photos and videos when cameras, phones or any storage device is connected to a PC, as well as screenshots on a PC.

File protection feature for Windows 10 users.

Once set up, the process of syncing data from the Desktop to OneDrive will start.

This synchronization process takes place in the background so you can continue to work without caring about what it does.

The synchronized data will be arranged in the folder named after the name of the folder you choose to sync, for example, Desktop.

OneDrive on the web also has this folder and you can manipulate data as usual, all will be synchronized automatically.

However, the feature also has some limitations, such as unable to back up Outlook database files (.pst files) and OneNote files (.one, .onepkg, .onetoc, .onetoc2). stored in OneDrive.

The new folder protection feature incorporates features such as ransomware detection and recovery that will give users a great backup solution, making it easy to synchronize folders and important data. much more.

Buy gold ‘right here and now’

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 “When I think about what would I buy in the right here and now, I would be buying gold, prices would appreciate over three to six months,” told Bloomberg from the expert of financial – Wayne Gordon

Wayne Gordon is the executive director for commodities and foreign exchange at UBS Group AG’s wealth-management unit.

Bullion is set for back-to-back weekly losses for the first time since September after the dollar hit a record. Because of deep losses in risk assets, some investors have been forced to sell gold to raise cash.

According to Bloomberg, a similar pattern loss at times of extreme market stress was seen in bullion at the onset of the global financial crisis in late 2008, before it went on to peak in 2011.

“Gold provided what it should during times of crisis. It is a form of insurance to cash in when liquidity was required. It’s one of the first assets to be cashed in when leverage is reduced. Long-term investors not subject to margin pressures will be rewarded owning gold at this time” he said.

Gold traded 1.6% higher at $1.484,86 an ounce at 6:32 a.m. in London as the Dollar Spot Index fell after an eight-day rally. The bullion is down 2.3% this week after an 8.6% fall last week, the most since 1983. Earlier this month, it topped $1,700 an ounce to hit the highest level since 2012

“Given additional quantitative easing from central banks, you should see a weaker dollar over the next 12 months, it will be a potent power for gold,” he said, adding.

 

Hot Careers with Click-and-Mortar Businesses

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A click-and-mortar business is a company that conducts business at a physical location as well as online, via the Internet. Prior to the major success of online e-tailer Amazon.com, most retail companies only existed as brick and mortar companies – or stores with physical storefronts. However, since the late 1990s, the Internet has become a major source of revenue for many retailers and small business owners alike.
As a result of this new form of revenue, new jobs have opened up for people in the online and physical storefront. Some of the more common jobs exist in customer service, shipping and receiving, and web design, to name a few. This article discusses the career opportunities for individuals who are interested in pursuing work with a click-and-mortar business and provides strategies on how to obtain these jobs.
One of the primary careers with click-and-mortar businesses is customer service. All companies require customer service to thrive and survive in the very competitive marketplaces in which they exist. In this day and time, the advent of the computer has enabled the consumer to gain an extraordinary upper-hand in identifying the best products to buy, obtain consumer feedback, and do comparison shopping for the best price. One of the main distinguishing factors in purchases is customer service. If someone purchases a product, they want to be sure the product is backed by solid customer support for questions, product returns, and other issues. No matter how streamlined a company’s online storefront may be customer service serves as one of the backbones to a company’s ultimate success.
To get a career in customer service, typically doesn’t require very formal or higher level education, other than a high school diploma or GED. More importantly, it requires a positive, upbeat personality of one who is sincerely committed to working diligently at providing the best representation of a company that one can.
Besides customer service, the next major career that is required for click-and-mortar businesses is the area of marketing. Marketing is crucial to the vitality and sustainability of a corporation. Without adequate marketing, a company may have a superior product but the general population will remain unaware without effective marketing. Jobs in this area typically require a college degree and are best suited for someone who is creative, forward-thinking, and adaptable to the ever-changing and fluid marketplace.
Lastly, web design and content management are other significant areas of click-and-mortar businesses. The primary functions in this area include someone who designs the Internet storefront, produces and edits the content of the site, and developers who write the coding and ensure the project is completed in adherence to the budget and allocated timeframe. For these types of positions, a college degree isn’t entirely necessary – companies primarily want someone with experience and knowledge who can handle and meet their Internet needs.
The best way to find jobs in these areas includes attending career fairs, searching online at various corporate websites, and perusing job boards. If you want to work for a particular company, it is also advantageous to network and begin to interact with others who are currently employed in these fields.