Spa chain secured $5.6M in coronavirus relief for small businesses despite losses last year
Last year, the company suffered a $20.5 million net loss, ending the year with just $2.1 million in cash on hand
US factories sink in May for third straight month: ISM survey
American factories slowed for the third consecutive month in May as they continued to sustain economic damage from the coronavirus pandemic.
Private jet company tapped coronavirus relief funds, shared subsidy benefits with wealthy clients: Report
Congress created the $610 billion program to keep small businesses afloat during the coronavirus pandemic.
Powell: Fed is 'days away' from making first loans through Main Street lending facility
Businesses with up to 15,000 employees and $5 billion in revenue can apply for financing through the $600 billion Main Street Lending Program.
Kudlow says White House wants a back-to-work bonus for unemployed Americans
Kudlow said the sweetened unemployment benefits are deterring some Americans from returning to work
Who is Richmond Fed President Thomas Barkin?
In his role as leader of the Richmond Fed, Barkin, 59, is responsible for the bank's monetary policy, bank supervision and regulation and payment services.
Who is New York Fed President John Williams?
The New York Fed is the largest of the 12 district banks in terms of assets and is responsible for purchasing and selling outstanding U.S. Treasury securities.
Coronavirus forces Boston Marathon to go virtual — and the city could lose $200M
The event was originally scheduled for April 20 before being pushed back to Sept.14 by Boston Mayor Martin Walsh.
Who is Kansas City Federal Reserve President Esther George?
George is not a member of the rate-setting Federal Open Market Committee this year; she will return as an alternate member in 2021.
Fed lending program for state, local governments up and running
The Fed created the $500 billion facility to directly purchase state and local debt.
Trump administration carves out $10B in small business relief fund for low-income communities
The move is intended to guarantee the forgivable loans reach traditionally underserved communities, the agencies said.
Unemployment numbers show 'heartening' improvement as states reopen: labor secretary
Continuing claims totaled 21.05 million, down 3.86 million from the previous week, according to the Labor Department.
Congress needs to 'do more' to aid US recovery from coronavirus lockdown, Gary Cohn says
Cohn urged Congress to focus on the next stage of the nation's economic recovery.
Durable goods orders in US tumbled 17.2% in April
Sales of long-lasting goods tumbled in April, as businesses cut investment in response to the global coronavirus pandemic.
US growth revised lower in first quarter, with economy shrinking by 5%
Gross domestic product, the broadest measure of goods and services produced across the economy, fell at a seasonally adjusted annual rate of 5 percent.
Over 2.1M Americans filed for unemployment last week, pushing total job losses to 40M from coronavirus lockdown
It marks the eighth week in a row of declining jobless claims since the peak of 6.9 million the week ended March 25.
New wave of U.S. layoffs feared as coronavirus pain deepens
Another 2.1 million people are expected to have filed claims
Stock futures mixed as traders await latest economic figures
The latest GDP and jobless figures will be released before trading begins
Home foreclosures in 'holding pattern' amid ban on eviction
About 3 percent of those homes, or 7,650, are sitting empty (so-called "zombie properties). That's down slightly from 3.1 percent in the previous quarter
To fast-track coronavirus recovery Republicans ask Trump not to suspend seasonal guest worker visas
Lawmakers say these workers are critical to keeping vulnerable small businesses afloat.