Even with historically low interest rates, buying a house or refinancing a mortgage is getting tougher, and some consumer advocates worry that the pandemic fallout […]
Month: April 2020
‘Icon’ Earl Graves championed, embodied black business success
Earl G. Graves Sr., cheerleader in chief for African American entrepreneurship, was remembered by associates and admirers as an icon who spotlighted the need for […]
Markets soar on optimism that the number of coronavirus cases is stabilizing
Wall Street opened on a high note Tuesday morning on optimistic news about coronavirus testing and stabilization of the outbreak in some states. The Dow […]
As deaths mount, delivery workers say they’re kept in the dark over who’s sick
Rumors about the manager with the virus started to spread around Worldport, UPS’ sprawling air hub in Louisville, Kentucky, earlier this month. Employees texted one […]
Trump’s ‘opening our country council’ still lacks any business leaders
With just under 24 hours to go before President Donald Trump officially announces his “opening our country council,” no corporate leaders have yet lent their […]
Trump claims it’s his call on when to ‘reopen’ the country. He’s wrong.
WASHINGTON — President Donald Trump has repeatedly said he has complete authority to reopen the country for business after the devastating effects of the coronavirus, […]
Texas governor wants to ‘slowly’ reopen business. Trump says that’s the federal government’s decision.
Texas Gov. Greg Abbott plans to sign an executive order this week to reopen parts of the state’s coronavirus-ravaged economy, but President Donald Trump says […]
Dow closes down 325 points as investors brace for brutal earnings week
The Dow Jones Industrial Average ended the day with a loss of around 325 points, as traders digested a historic oil production agreement and prepared […]
Unapproved online lenders want a piece of the new coronavirus loan program for small businesses
As the government’s small business lending program struggles to find its footing, many online and alternative lenders say they’re filling the void, offering to help […]
OPEC and allies agree to historic oil production cut
Oil prices moved higher early Monday morning stateside after OPEC and its allies agreed to cut production by 9.7 million barrels per day. The deal, […]
Coronavirus could ‘decimate’ Latino wealth, which was hammered by the Great Recession
Octavia Nieto worked for over 10 years as a pastry chef at a bakery in Princeton, New Jersey. Now with the business closed indefinitely, she […]
Cannabis businesses cry for help as coronavirus batters industry
Wanda James sold more cannabis two weeks ago than she usually does on April 20 — the day many marijuana users have come to consider […]
Slash 401(k) plans, cut salaries or furlough workers?
With no revenue coming in and government relief frequently tied up in red tape, businesses across America are weighing bleak options to stay afloat, and […]
Coronavirus economy could burst America’s big-city rent bubble
The gridlocked coronavirus economy could upend housing from coast to coast, bursting national apartment rents that have risen by 150 percent over the last decade, […]
Crucial deal to cut oil production hangs in the balance as Mexico balks
A historic production cut agreement between OPEC and its allies, known as OPEC+, hit a roadblock after Mexico refused to agree to its share of […]