SBA will provide guidelines for banks in new PPP funding: Report FOX Business’ Edward Lawrence says the Paycheck Protection Program’s money will probably not flow to small businesses until next week. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below The second wave of government-backed aid for small businesses devastated by […] The European Union says its vaunted tourist industry is facing “staggering” figures of decline because of the coronavirus crisis and the bloc’s internal market commissioner wants the sector to be first in line when it comes to recovery funds. Thierry Breton mentioned figures that the tourism economy could slump up to 70 percent and will be among the last to […] New York has applied for a $4 billion federal loan to help cover the ballooning cost of unemployment benefits amid the coronavirus crisis, officials said. The Empire State could use the interest-free line of credit from the federal Unemployment Trust Fund to pay for unemployment insurance benefits as needed over time, a state official said Tuesday. “All benefits, including enhanced […] Will PPP loan rules change in second funding round? FOX Business’ Charlie Gasparino says big banks are reportedly asking the Treasury to tweak the Paycheck Protection Program loan rules as the second batch of money is waiting to pass Congress. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Publicly […] Lord & Taylor is exploring filing for bankruptcy protection after it was forced to temporarily shut all of its 38 US department stores in the wake of the coronavirus outbreak, people familiar with the matter said on Monday. It is one of several options that the retailer and its advisers are exploring, which also include trying to negotiate relief from […] In the 2015 movie “The Big Short” about the Great Recession, Brad Pitt’s character Ben Rickert is strolling in Las Vegas with two Wall Street colleagues who are elated about all the money they made betting that the US economy was in trouble. Their bet, of course, was that problems with mortgage-backed securities would hurt banks and the entire American […] Don’t become a personal loan cosigner until you’ve answered these 10 important questions. (iStock) When your credit score or income is low or you’re just starting out, a bank or credit union may require that you have a cosigner to take out a personal loan. It's their way of protecting their risk by getting a guarantee. If you’re the person […] Coronavirus pushes Gap, SeaWorld to furlough majority of staff FOX Business’ Lauren Simonetti on how Gap and SeaWorld are reacting to the challenge of coronavirus. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Indefinite furloughs began this weekend for more than 100,000 Disney, Best Buy and CarMax workers […] Workers who had only just started new jobs before coronavirus hit UK businesses are caught in a “furlough trap”, with the government scheme to cover 80% of their income unavailable to their employers. When the crisis first hit, the chancellor, Rishi Sunak, announced that businesses would be able to apply for help paying the wages of staff who they would […] US airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday. Many US airlines are canceling 60 percent to 80 percent of their flights, and under federal law passengers on those flights are entitled to full refunds, Senators Ed Markey, […]
Next wave of coronavirus small business loans could start this weekend
European tourism could drop 70 percent due to coronavirus
New York seeks $4B loan from US to cover unemployment tab
Dozens of publicly traded companies tapped $300M in small business relief loans
Lord & Taylor explores bankruptcy as stores remain shut in coronavirus pandemic
Is unemployment really as deadly as coronavirus?
Cosigning a personal loan? 10 questions to ask beforehand
Coronavirus furloughs begin for more than 100,000 Disney, Best Buy, CarMax workers
‘We’re heartbroken’: new starters trapped by furlough loophole
Airlines withholding $10B in cash from customers, lawmakers say