The U.S. economy suffered its sharpest downturn since at least the 1940s in the second quarter, highlighting how the pandemic has ravaged businesses across the country and left millions of … Read More
The Trump administration’s emergency $349 billion Paycheck Protection Program to help small businesses cover their payroll costs was set to roll out on Friday April 3, with banks accepting applications from businesses … Read More
The Federal Reserve will bar big banks from increasing their dividend payments, following the central bank’s annual stress tests that included a “sensitivity” analysis incorporating the impact of the COVID-19 … Read More
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has purchased minority stakes in major U.S. companies including Boeing, Facebook and Citigroup, according to a U.S. regulatory filing. PIF … Read More
Our economy is on the verge of a depression if things don’t go well with COVID-19, Jim Cramer admitted to his Mad Money viewers Friday. He said it could be a brutal, … Read More
Ubben had already stepped down as chief investment officer at the fund in 2017 and as CEO at the beginning of 2020, amid a round of changes in January at … Read More
The federal government has moved the tax filing deadline from April 15 to July 15 due to the novel coronavirus pandemic, and Americans can even file for an extension beyond that … Read More
Nike’s (NKE) disappointing fourth-quarter results reflected the harsh realities of COVID-19 facing most retail brands. However, the fundamentals of the Swoosh brand remain strong, with the company hanging its hat on numerous … Read More
Many Americans will get government checks up to $1,200 to help them financially weather job loss, reduced work hours, and other money challenges as the country tries to stem the … Read More
The Boring Company, Elon Musk’s underground transportation project, has completed work on a second tunnel in Las Vegas. Musk, who also runs Tesla and SpaceX, confirmed its completion in a … Read More
