As Colorado reopens from coronavirus shutdown, debate rages about risk
Colorado is among the first wave of U.S. states beginning an experiment to reopen economies without the testing and contact-tracing infrastructure health experts say is needed to prevent a resurgence of the coronavirus.
Trump: Apple's Tim Cook sees coronavirus V-shaped economic recovery
President Trump said he and Apple CEO Tim Cook are both expecting a dramatic economic recovery from the coronavirus pandemic.
Sweden's coronavirus response protects its economy
Sweden didn't lock down the country for coronavirus in order to protect its economy.
Coronavirus pandemic could hurt low-wage workers the most, study finds
More than four in 10 businesses — or 2.4 million out of the 5.3 million studied — operate in higher-risk industries
Hedge funds, private equity firms are not eligible for small business rescue loans, SBA says
There’s been a fierce backlash against the program after the initial $349 billion in funding was depleted within two weeks
Trump signs $484B coronavirus relief bill replenishing small-business fund
The bill will add to the already unprecedented levels of federal spending.
Small business loans to restart on Monday, Rubio says
Rubio said the funding will include returned aid from large public companies.
Fed eliminates transfer limit on monthly withdrawals from savings accounts
The coronavirus pandemic has made access "more urgent," the Fed said.
As coronavirus evaporates tax revenue, states, cities could see tidal wave of layoffs
States are also hemorrhaging cash trying to respond to the virus outbreak.
More chain restaurants returning coronavirus small-business loans
At least 75 publicly traded companies — some with market values of well over $100 million — tapped the government-backed loans.
Gap suspends rent payments for closed stores
Gap said if it is unable to renegotiate the leases and continue to suspend rent payments, the landlords under a majority of the leases in the U.S. could allege the company is in default.
As oil piles up, producers look to supertankers for storage
The underlying problem for the industry is the misalignment of supply and demand. The coronavirus pandemic has wiped out consumer need for oil.
Coronavirus small business bill still includes loophole for publicly traded companies
Restaurants and hotels were granted some flexibility in the legislation.
Next wave of coronavirus small business loans could start this weekend
Banks are expected to issue new guidance for small business owners on Friday.
Public companies tapping small-business loans may not have met necessary certifications, Mnuchin says
At least 75 publicly traded companies -- some with market values well over $100 million -- tapped the government-backed Paycheck Protection Program.
Trump says US beginning to 'open for business' after coronavirus shutdowns
The result of the shutdowns has been an economic free fall that experts caution could rival the Great Depression.
States depleting unemployment funds as coronavirus causes massive surge in jobless claims
States use the money to administer regular unemployment benefits.
Coca-Cola sales slide as coronavirus bites restaurant revenue
Coca-Cola said its sales volume has fallen about 25% globally since the beginning of April, led by a decline in the company’s away-from-home channels, which represent about half of its revenue.
Burger King franchise owner with over 1,000 stores may apply for small business loan
Growing evidence that large companies have managed to secure the coveted loans has prompted a wave of backlash against the program.
JPMorgan's small business relief gives millions to big restaurant chains, prompting backlash
Congress established the program for businesses that employ fewer than 500 workers, but restaurants and hotels were granted some flexibility.