Treasury says some public companies not eligible for small-business loans after backlash

Small businesses need Paycheck Protection Program funding now: Expert Heritage Foundation president Kay C. James calls for additional Paycheck Protection Program funding for small businesses struggling during the coronavirus pandemic. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below The Treasury Department said Thursday that wealthy public companies likely do […]

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Here’s how to invest in oil — if you want to take a big risk

The oil market may look like a dollar-store clearance rack — but that doesn’t mean investors should buy up barrels like they’re out-of-season Easter candy. Rock-bottom prices have piqued the interest of would-be oil barons who furiously googled tips this week on how to bet on crude. They could usually do that through exchange-traded funds and oil company stocks because […]

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AT&T signals layoffs as it takes $430 million coronavirus hit

Telecom giant AT&T said Wednesday warned that job cuts are likely on the horizon as its first-quarter results took a $430 million hit from the coronavirus. AT&T Chief Executive Officer Randall Stephenson told investors that “the economic effects of the pandemic and resulting societal changes are currently not predictable,” and that the firm has “withdrawn financial guidance, at this time.” […]

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