Month: May 2020

 U.S. stock futures ticked lower in overnight trading and pointed to modest losses at the open Wednesday, following a weak session that snapped a three-day winning streak for markets.  Fueling the volatility is uncertainty around a possible coronavirus treatment and vaccine and how economies will fare in reopening, from a health perspective.  Dow futures fell
0 Comments
Entrepreneurs and small business owners across the country have undoubtedly been hit hard by today’s pandemic with many non-essential businesses remaining closed until further notice.  Though the federal government has stepped in to offer more than $600 billion in financial assistance through the Paycheck Protection Program (PPP) under the Coronavirus Aid Relief and Economic Security
0 Comments
JPMorgan Chase CEO Jamie Dimon said Tuesday in a memo that the coronavirus crisis should be used to build an economy that offers opportunities for “dramatically more people.” The memo, issued ahead of his bank’s annual shareholder meeting, served as an update to the New York-based bank’s response to the pandemic. Dimon also detailed the steps his
0 Comments
Magic Johnson Getty Images With the future of small businesses in urban communities at risk, former National Basketball Association great Magic Johnson has stepped in to offer assistance. The CEO of Magic Johnson Enterprises collaborated with MBE Capital Partners to offer $100 million in loans to minority- and women-owned companies hurt by stay-at-home orders due
0 Comments
TOPLINE The market finished lower on Tuesday, following its biggest rally in six weeks on Monday, as stocks came under pressure following a STAT News report that raised questions about the trial results for Moderna’s potential coronavirus vaccine. Retail and bank stocks were hardest-hit on Tuesday. Spencer Platt/Getty Images KEY FACTS The Dow Jones industrial
0 Comments
Remember when working from home used to be a perk? Little did we know when we were building the cloud-based interfaces and bring-your-own device security protocols that made it possible to offer work-from-anywhere programs as employee incentives that we were actually building the infrastructure that would keep the economy alive during the COVID-19 pandemic. (Photo
0 Comments
A week of retail earnings kicked off before the market open on Tuesday, with Walmart and Home Depot each reporting strong same-store sales growth as consumers stocked up and stayed home during the quarter.   The World Health Organization’s assembly continues for a second day, as critical eyes continue to fall on the agency and the
0 Comments
Patrick T. Fallon | Bloomberg | Getty Images Home Depot is set to report its first-quarter earnings before the bell on Tuesday. While coronavirus restrictions have slowed or suspended construction in much of the country, Home Depot’s earnings will offer insight into the demand for do-it-yourself projects, kitchen appliances and gardening supplies as many Americans
0 Comments
Signs hang from the Meridian Heights apartment building in Northwes Washington on Monday, May 18, 2020. (Photo by Caroline Brehman/CQ-Roll Call, Inc via Getty Images) Caroline Brehman The unemployment drama playing out in the U.S. has drawn comparisons to the Great Depression, the worst economic downturn in the history of the industrialized world. But is
0 Comments
Navigating the economic fallout from the coronavirus pandemic has not been easy for small businesses. Fashion designer Rebecca Minkoff is no exception. “It’s the longest, most exhausting days of my life,” said Minkoff, 39, and the co-founder and creative director of her own fashion line. “I want to scream a lot, but I have to stay
0 Comments