Month: April 2020

Franklin Delano Roosevelt Memorial, Bronze statues that depict the Great Depression, Waiting in a bread line by George Segal, Washington D.C, United States. UniversalImagesGroup | Getty Images The global economy will this year likely suffer the worst financial crisis since the Great Depression, the International Monetary Fund said Tuesday, as governments worldwide grapple with the
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Ten days after banks began accepting loan applications from small businesses hurting from the coronavirus pandemic, Israel Shaked was still trying to file his request. “The process is very, very lengthy,” said Shaked, who is the owner of a consulting firm and a finance professor at Boston University. He’s trying to secure a $200,000 loan
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Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: $1.84 per share, a 31% decline from a year earlier, according to Refinitiv. Revenue: $29.67 billion, a 0.6% decline
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This is a live blog. Please check back for updates.  8:25 am: Roku says streaming hours nearly doubled in the first quarter, stock jumps Shares of the television streaming platform soared nearly 15% in premarket trading on Tuesday after the company said its first-quarter streaming hours to be 13.2 billion, a 49% increase year-over-year. Roku said it expects
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CNBC’s Jim Cramer said that dominant U.S. companies are further solidifying their positions during the coronavirus pandemic, evidenced by the Nasdaq 100 being almost even for the year.  “This is the big triumphing over the little guy and if you don’t mind making money in the market off that, that’s what’s going on,” Cramer said on “Squawk on the
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Getty Images The U.S. government has started sending coronavirus stimulus payments to millions of Americans. For many, the money can’t come fast enough. “Millions of Americans are already seeing their Economic Impact Payments in their bank accounts,” Treasury Secretary Steve Mnuchin wrote on Twitter on Monday. “We expect over 80 million Americans to get their
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Andrew Karas founded and co-owns Asbury Park Distilling Co. in New Jersey Andrew Karas When the coronavirus outbreak began shutting down businesses, Andrew Karas had to think fast about how to survive. His business, New Jersey-based Asbury Park Distilling Co., produces spirits and distributes them to restaurants, bars and liquor stores. “It’s tough. The industry
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