The electronic system the Small Business Administration is using to set up new coronavirus loans was down much of Monday, according to senior banking executives, […]
Year: 2020
Senate Democrats voice concerns about Trump’s pick to oversee coronavirus stimulus
WASHINGTON — Senate Democrats are charging President Donald Trump with trying to circumvent oversight of the allocation of nearly $500 million in loans and grants […]
Small business owners stuck in loan limbo as new government programs stumble
Small business owners say they are frustrated with the rollout of coronavirus loan programs that promised quick cash but have become mired in technical and […]
Dow closes with gain of more than 1,600 points
Wall Street surged Monday, with the Dow Jones Industrial Average closing up almost 1,600 points as a decline in death rates in Europe led to […]
Many Americans won’t get coronavirus checks
WASHINGTON — For millions of Americans awaiting coronavirus cash, help is not on the way. Although the $2 trillion stimulus bill passed last month includes […]
What does it take to convert a hotel bedroom into a COVID-19 care room?
As hospitals around the country prepare for an increased number of coronavirus patients and potential bed shortages, local officials seek hotel rooms and dorms as […]
Dating during coronavirus turned upside down since everything is a long-distance relationship
When Sara K. Runnels used to get a match on one of her dating apps, she would do some light vetting and then suggest meeting […]
Trump wanted lower oil prices, but now he’s meeting with industry executives to discuss how to raise prices
President Donald Trump is scheduled to meet with executives from the energy sector on Friday afternoon, including the president and CEO of the industry’s largest […]
Trump’s small businesses lending program is a failure to launch
One day after the launch of a $350 billion loan program designed to rescue millions of small businesses pummeled by the coronavirus pandemic, technical glitches […]
Seeking coronavirus relief, investment firm with ties to Kushner emails Kushner, Trump admin
The co-founder of a huge private equity firm sent an email this week to Jared Kushner and other Trump administration policymakers seeking to relax rules […]
The coronavirus economic crisis is here. Unemployment office workers are on the front lines.
When Simone Nelson was finally able to reach someone from the unemployment office in New York state on Tuesday, she was overjoyed. Nelson, 22, had […]
As unemployment skyrockets, should the government be doing more to supplement companies?
With March’s 701,000 job loss characterized by many as just the tip of the iceberg, experts are re-evaluating the best way to keep Americans at […]
Out of work because of coronavirus, struggling to file for unemployment
“States are having a real problem right now,” said Heidi Shierholz, an economist with the Economic Policy Institute, a liberal-leaning think tank. “We are in […]
Wall Street slightly higher after pricing in huge jobs decline
Stocks ticked gingerly upward on Friday morning, as investors evaluated new data that shows a continuing collapse in the country’s labor force due to the […]
U.S. economy lost a total of 701,000 jobs in March
The U.S. economy lost a total of 701,000 jobs in March, bringing a record 10-year streak of employment gains to a halt as the coronavirus […]