business news
Billions in PPP loan money remains untapped by small businesses
In 14 days, the Small Business Administration processed 14 years’ worth of loans, in the first round of funding for the Paycheck Protection Program. The second round has been an entirely different story. After a rush to replenish the program with $310 billion in additional funding, the second funding round began April 27. More than a …
George Floyd family calls for first-degree murder charges against cop
Booking photo of former Minneapolis Officer Derek Chauvin Photo provided by Ramsey County Jail Lawyers for George Floyd’s family on Monday called for a first-degree murder charge to be filed against ex-Minneapolis cop Derek Chauvin, who already faces lesser murder and manslaughter charges, after an independent autopsy commissioned by the family found that Floyd died …
How Joe Biden’s VP contenders stack up in the wake of George Floyd’s death
U.S. Democratic presidential candidate and former Vice President Joe Biden wears a protective face mask as he arrives to visit the Bethel AME Church in Wilmington, Delaware, U.S. June 1, 2020. REUTERS/Jim Bourg Jim Bourg | Reuters Joe Biden’s options for his running mate may have narrowed even further in the wake of mass protests …
Stocks dip, Trump China press conference looms, Dow up 2% on week
View of New York Stock Exchange, Wall Street on March 23, 2020 in New York City. Angela Weiss | AFP | Getty Images This is a live blog. Please check back for updates. 9:57 am: Here are Friday’s biggest analyst calls of the day: Lululemon, Bloomin’ Brands, Slack & more Raymond James raised its price …
Record rebound may soon hit a breaking point, PNC’s Amanda Agati warns
PNC Financial’s Amanda Agati is on alert. With the major indexes on the cusp of their second positive month in a row, the firm’s chief investment strategist believes stocks are getting too expensive, and the historic rebound may soon hit a breaking point. “The market is getting pretty far ahead of itself,” she told CNBC’s …
Weekly jobless claims reach 2.1 million, but total unemployed shrinks
First-time claims for unemployment benefits totaled 2.1 million last week, the lowest total since the coronavirus crisis began though indicative that a historically high number of Americans remain separated from their jobs. Economists surveyed by Dow Jones had been looking for 2.05 million. The total represented a decrease of 323,000 from the previous week’s upwardly …
GOP Sen. Hawley asks if Twitter targeted Trump ‘for political reasons’
Sen. Josh Hawley, R-Mo., talks with reporters after the Senate Republican Policy luncheon in Russell Building on Tuesday, March 17, 2020. Tom Williams | CQ-Roll Call via Getty Images A Republican senator asked Twitter CEO Jack Dorsey on Wednesday whether the social media giant’s decision to fact-check President Donald Trump’s tweets on mail-in voting was politically …
U.S. likely impose sanctions against China over Hong Kong law
Hong Kong Chief Executive Carrie Lam attends the opening session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing on May 22, 2020. Leo Ramirez | AFP | Getty Images The U.S. government will likely impose sanctions on China if Beijing implements national security law that would give it …
Bear market rally or new bull? Breaking down the market after another winning week
A man walks past the Wall Street Charging Bull in New York, the United States, March 24, 2020. Wang Ying | Xinhua News Agency | Getty Images How are we to characterize this stock-market struggle of the past three months and beyond? By the most simplistic definition, it became a bear market when the S&P …
Alabama leaders urge public to adhere to safety guidelines
Momentum is building at the White House for another round of stimulus checks, with President Donald Trump saying this week, “I think we’re going to be helping people out” and “getting some money for them.” A number of issues need to be negotiated in Congress about what form the next relief package takes, but the …
