Requirements for this $800 rebate?
How do I know if I will be receiving this?Answers: If it pass, you will be eligible if you are an individual with underneath $85,000 income or $1600 for a couple with underneath $110,000 income.
It has not be voted in however. If it is approved, then you'll take more info then.
I have US note Series1996 & 1999. Are they still value? if not where can I exchange them?
Answers: All currency issued by the US Treasury has value. 1996 and 1999 notes are still in general circulation and you should still be able to spend them.
When the Fed cuts the interest rate, what effect does that usually have on Wall Street? Why?
Answers: Theoretically rate cuts should increase stock values on Wall Street. Why? Because it's then easier to borrow money and also things like ARM mortgages, HELOCs, credit card rates, etc. should drop, thus "freeing up" money that people will spend. They may buy stocks (obvious impact on market because of supply and demand) or spend on other things which means that cash flow should improve, earnings should improve, for at least some businesses that have stock.
However, at times if investors are looking for a big cut and get a small one, stock prices can drop because the EXPECTATION of a larger cut was "built in" to the stock prices.