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Treasury makes coronavirus loan terms less favorable for small businesses

Fri, 03 Apr 2020 21:50:57 GMT

The Treasury Department raised interest rates on its Paycheck Protection Program loans for small businesses and reduced their payback period.....
Here's what happened to the stock market on Friday

Sat, 04 Apr 2020 00:26:00 GMT

Mounting worries over the coronavirus and a dismal jobs report pressured equities to end the week.....
Coronavirus loan program delayed for independent contractors and self-employed workers

Fri, 03 Apr 2020 21:38:44 GMT

A $349 billion loan program opened Friday for small businesses to help cushion the economic blow from the coronavirus pandemic. Independent contractors and self-employed workers must wait another week....
US services sector growth slows down in March, ISM says

Fri, 03 Apr 2020 14:15:33 GMT

Activity in the U.S. services sector slowed down in March as business grapple with the coronavirus outbreak, data released Friday by the Institute for Supply Management showed.....
Bank of America says 85,000 small businesses have asked for $22.2 billion in loans since 9 a.m.

Fri, 03 Apr 2020 21:42:45 GMT

The U.S. has asked banks to help it dole out at least $350 billion in loans to small businesses, part of the $2 trillion coronavirus stimulus law.....
Stocks making the biggest moves in the premarket: Disney, 3M, Tesla, Apple, Peloton & more

Fri, 03 Apr 2020 12:11:29 GMT

The stocks making the biggest moves in premarket trading include Disney, 3M, Tesla, Apple, Peloton, and more.....
Coronavirus could create 'a generation of supersavers' and reshape the economy

Fri, 03 Apr 2020 11:52:51 GMT

A generation of risk-averse supersavers could emerge from the fallout of the coronavirus crisis and potentially reshape the economy, experts have said.....
Stock market live Friday: Dow down 350, worst jobs report in a decade, oil's best week

Fri, 03 Apr 2020 20:26:43 GMT

Major equity averages suffered their third week of losses in four as the coronavirus crisis deepened.....
10-year Treasury yield heads for weekly decline as coronavirus crisis deepens

Fri, 03 Apr 2020 13:09:28 GMT

Long-maturity Treasury yields fell on Friday after March jobs report showed a surge in layoffs, giving a hint at the economic damage caused by the coronavirus crisis.....
Tech lobby groups urge EU chief to save start-ups from collapse

Fri, 03 Apr 2020 07:32:34 GMT

European tech industry groups are stepping up their lobbying efforts to ensure the EU supports start-ups hit hard by the coronavirus crisis.....
Coronavirus is unleashing an 'economic shock wave' not felt since the 1930s, hedge fund manager Mark Yusko warns

Fri, 03 Apr 2020 00:12:39 GMT

Morgan Creek Capital's Mark Yusko tells investors to brace for a nearly once in a lifetime downturn.....
Dire feelings on Main Street on eve of small business lending program launch

Thu, 02 Apr 2020 23:55:43 GMT

While small business advocates are hopeful about the program, questions do remain about the loan volumes expected and the readiness of all parties in getting this up and running tomorrow.....
Stocks making the biggest moves after hours: Tesla, Dave & Buster's, Chewy and more

Thu, 02 Apr 2020 22:10:04 GMT

Check out the companies making headlines after the bell.....
White House says small business lending will begin Friday, but JPMorgan says it's not ready

Fri, 03 Apr 2020 12:26:26 GMT

The program is a crucial component of the $2 trillion stimulus package signed last week by President Trump to cushion disruptions tied to the coronavirus.....
Here's what happened to the stock market on Thursday

Thu, 02 Apr 2020 20:14:52 GMT

Stocks traded in a wide range Thursday as investors weighed a record jump in unemployment claims and a sharp rally in oil prices.....
Fed's Kashkari says, 'We need to err on the side of being generous' with rescue programs

Thu, 02 Apr 2020 19:26:48 GMT

Kashkari was an architect of the 2008 Troubled Asset Relief Program that aided banks through the Great Recession.....
Jim Chanos says beware the 'virus stocks' like Peloton, Zoom benefiting temporarily from lockdowns

Thu, 02 Apr 2020 19:16:44 GMT

Short seller Jim Chanos warned investors about piling into "virus stocks" boosted by the coronavirus lockdown temporarily.....
Fed's Kaplan sees the jobless rate rising to midteens then falling to 8% this year

Thu, 02 Apr 2020 19:04:51 GMT

The recovery likely will be more U-shaped as consumers struggle to recover from an economic near-stoppage, Dallas Fed President Robert Kaplan told CNBC....
Chime pilots way to get $1,200 stimulus checks to users instantly after talks with Mark Cuban

Fri, 03 Apr 2020 19:29:40 GMT

The idea for the program came in discussions with entrepreneur Mark Cuban, owner of the Dallas Mavericks.....
Goldman CEO David Solomon says 'no question' that the initial US response to coronavirus was slow

Thu, 02 Apr 2020 15:26:18 GMT

As the toll of the coronavirus mounts, news outlets have reported that the U.S. government squandered weeks of time to prepare for its arrival.....
JPMorgan CEO Jamie Dimon returns to work after heart surgery

Thu, 02 Apr 2020 15:05:57 GMT

JPMorgan CEO Jamie Dimon is working remotely after the bank announced on March 5 that he had emergency surgery.....
Stocks making the biggest moves in the premarket: CarMax, Walgreens, Disney, Zoom & more

Thu, 02 Apr 2020 12:21:53 GMT

The stocks making the biggest moves in premarket trading include CarMax, Walgreens, Disney, Zoom, and more.....
Oil surges 24% for best day on record after Trump tells CNBC Saudis, Russia reach agreement

Thu, 02 Apr 2020 18:56:07 GMT

Oil prices skyrocketed after President Donald Trump told CNBC Saudis and Russia will ease pressure on oil, ending a price war that has contributed to crude's massive plunge.....
Stock market live Thursday: Trump report to CNBC rips oil higher, crude's best day, Dow up 450

Thu, 02 Apr 2020 20:20:22 GMT

Stocks rebounded on Thursday after the Dow Jones Industrial Average lost nearly 1,000 points on Wendesday.....
For some Chinese businesses, there's no going back to life before the coronavirus

Thu, 02 Apr 2020 04:17:24 GMT

As the second quarter begins in China, it's an altered landscape in the coronavirus-stricken economy with businesses that remain shut — some for good.....
Brace for coronavirus fallout to take stocks to new lows, $107B money manager warns

Thu, 02 Apr 2020 13:28:00 GMT

Wilmington Trust's Meghan Shue warns investors will see two grim quarters of losses — not just one.....
Dow jumps more than 450 points as Wall Street concludes another wild session

Thu, 02 Apr 2020 20:19:16 GMT

Stocks rose in volatile trading as oil prices jumped on expectations Saudi Arabia and Russia will ease the pressure off the oil market.....
Stocks making the biggest moves after hours: PVH, Royal Caribbean, AMC and more

Wed, 01 Apr 2020 22:10:17 GMT

Check out the companies making headlines after the bell.....
Here's what happened to the stock market on Wednesday

Wed, 01 Apr 2020 20:13:01 GMT

Stocks fell sharply on the first day of the new quarter amid mounting concerns over the coronavirus and its health and economic ramifications.....
Energy CEOs will meet with Trump Friday at the White House as oil prices tumble

Wed, 01 Apr 2020 18:49:25 GMT

Chief Executives from at least seven energy companies are set to meet with President Donald Trump on Friday at the White House to discuss energy policy, according to sources familiar with the matter.....