The vast majority of black-owned small businesses do not qualify for the government’s emergency Paycheck Protection Program loan, despite a fresh round of CARES Act […]
Author: Troy S. Mason
Is the Federal Reserve helping Main Street or Wall Street?
The Federal Reserve pledged Wednesday to keep interest rates at current levels, while noting that the coronavirus pandemic will continue to weigh heavily on the […]
Costco to require face coverings for shoppers
Beginning next week, all Costco shoppers will have to wear face coverings to enter a store, the wholesale corporation announced Wednesday. Starting Monday, customers will […]
Hope, disappointment seen in trials for coronavirus drug
One large COVID-19 study hints at the potential benefit of an experimental drug called remdesivir, even as another study published the same day has disappointing […]
Wall Street rallies on ‘positive data’ from coronavirus treatment study
Wall Street rallied on Wednesday, with the Dow Jones Industrial Average jumping by around 450 points after a potential treatment for coronavirus offered promising results. […]
GDP falls by 4.8 percent, bringing longest economic expansion on record to abrupt halt
The coronavirus pandemic has slammed into the economy so hard the nation’s GDP has fallen by 4.8 percent, bringing the longest economic expansion on record […]
Trump orders meat processing plants to stay open amid coronavirus pandemic
WASHINGTON — President Donald Trump signed an executive order on Tuesday to use the Defense Production Act to compel meat processing plants to stay open […]
Which companies are returning their PPP loan? Here’s the list.
Facing public backlash, government warnings, and private misgivings, more than a dozen publicly traded companies and big businesses have so far announced they have returned, […]
Automakers adjust to ‘new normal’ as they prepare to reopen plants
A growing list of automakers hope to restart their assembly lines — some as early as this week — as manufacturers battle to prevent a […]
Small businesses say they need more than 2 months of help to survive coronavirus crisis
Even as a new round of billion-dollar relief hits Main Street this week, some small-business owners fear that the money still isn’t enough — and […]
Private haven for wealthy received $2M from small business loan program
A housing association representing the richest zip code in America was approved to receive a $2 million emergency coronavirus relief loan from the Small Business […]
Few Hispanic business owners got coronavirus relief loans, Latino survey finds
A survey of more than 500 Latino small-business owners who applied for coronavirus relief loans found that just 97 of them received money while the […]
Social media users reveal where they’re donating stimulus money
People across the United States who received their coronavirus stimulus payments say they’ve decided to redistribute that money to various organizations and those in need. […]
Smithfield Foods sued over working conditions in Missouri during coronavirus
Smithfield Foods Inc, the world’s largest pork processor, has been accused in a lawsuit of failing to adequately protect workers at a Missouri plant who […]
Coronavirus package falls short for lenders to Latino, minority businesses
Salvador Quintero had to look beyond traditional banks to get funding for the restaurant he started 20 years ago in Kutztown, Pennsylvania, money that has […]