NewsWatch: 16 million people just got laid off but U.S. stocks had their best week in 45 years

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MARKETWATCH FRONT PAGE

How can these two things – double-digit unemployment and double-digit stock gains – be true at the same time? See full story.

Another victim of COVID-19: Social Security

Long-term and short-term problems are looming See full story.

State Farm and other auto insurers are giving refunds because of the coronavirus outbeak — here’s how you can get a break too

The country’s largest auto insurer said Thursday it’s sending $2 billion back to customers, joining Allstate, Geico, Liberty Mutual and other insurers making deals for customers. See full story.

Iceland finds that half its citizens with coronavirus have shown no symptoms

The island has tested more of its population for COVID-19 than any other country. See full story.

Fed should pay every American more, let hedge funds and billionaires ‘get wiped out,’ says Social Capital CEO

Is the Fed’s massive coronavirus stimulus package helping the ultra-rich at the expense of ordinary American workers? That’s what Chamath Palihapitiya, chief executive of venture capital firm Social Capital, argued Thursday. See full story.

MARKETWATCH PERSONAL FINANCE

‘Even small mistakes that I might make could be huge for me.’ See full story.