When the Small Business Administration’s $350 billion loan program ran out of money on Thursday, few people in the business world were surprised. With hundreds […]
Author: Troy S. Mason
Coronavirus aid recognizes California’s undocumented as essential workers, Latino advocates say
California Gov. Gavin Newsom’s plan to provide some monetary relief to undocumented people who don’t qualify for federal funds during the coronavirus pandemic is a […]
Small business loan program just hit its $350 billion cap and is now out of money
One of the main coronavirus relief fund sources for suffering small businesses hit its $350 billion limit Thursday and is no longer accepting any more […]
Americans are losing service despite FCC pledge not to disconnect
Some people who just lost their jobs because of the coronavirus pandemic are finding that they have lost something else — phone and internet access. […]
Markets tick up as investors balance mounting jobless claims and talk of reopening the economy
The Dow Jones Industrial Average ticked upwards by a handful of points on Thursday morning, as investors weighed the new jobless claims total of 22 […]
Trump is predicting a rapid economic recovery. Experts say it’s not likely.
President Donald Trump has repeatedly predicted a quick economic recovery once restrictions put in place to stem the spread of the coronavirus start to ease […]
Bank websites, hit by wave of stimulus interest, experience some outages and slowdowns
Websites of major U.S. banks experienced heavy outages and slowdowns Wednesday as people looked to see if their government stimulus payments had been deposited. About […]
Could coronavirus deal a fatal blow to the U.S. Postal Service?
A letter carrier’s mail route is structured so that it routinely takes about eight hours to complete — but that was before the coronavirus pandemic […]
Dow falls by 600 points on brutal retail sales report and bank earnings
The Dow Jones Industrial Average fell by more than 600 points Wednesday, after a brutal monthly retail report and more ugly quarterly earnings reports from […]
Trump backs down after Cuomo, other governors unite on coronavirus response
President Donald Trump said Tuesday he’s fine with governors making their own decisions about how and when to reopen their states — a quick retreat […]
General Motors and Ventec to deliver first batch of ventilators ahead of schedule
General Motors and the medical tech company Ventec Life Systems will be able to deliver new ventilators to the Federal Emergency Management Agency this week […]
Airlines and Treasury reach an agreement over multibillion-dollar relief
Major U.S. airlines, roiled by the coronavirus pandemic, will be participating in the federal government’s Payroll Support Program, Treasury Secretary Steven Mnuchin announced Tuesday. Ten […]
NBCUniversal could move up launch of Peacock streaming service
Comcast’s new streaming service, Peacock, could debut earlier than planned, the company said Tuesday, citing the “unprecedented and historic turn of events brought about by […]
Why it’s suddenly more difficult to get a mortgage
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 […]
‘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 […]