Month: July 2020

The number of coronavirus cases in the U.S. surpassed 4 million in late July. Certain parts of the country have been hit particularly hard this month, including California and North Carolina, both places where I’ve recently spent time. After flying back to Los Angeles, where I currently live, from Charlotte, North Carolina, where my family lives, I
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getty Separate and apart from the Paycheck Protection Program (“PPP”) is the Economic Injury Disaster Loan (“EIDL”) program.  Initially enacted many years ago to provide loans to businesses that have suffered from major storms, droughts, and other federally-declared disasters, the SBA has already advanced over $150 billion in EIDL money to borrowers who have verified
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Take a look at some of the biggest movers in the premarket: McDonald’s (MCD) – The restaurant chain reported quarterly profit of 66 cents per share, shy of the 74 cents a share consensus estimate. Revenue came in above Wall Street projections. Comparable-restaurant sales were down 23.9% globally, slightly wider than the 22.8% consensus estimate.
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Congressional Republicans are expected to introduce their latest piece of coronavirus relief legislation on Monday, as economic benefits for many Americans run out. Treasury Secretary Steve Mnuchin said Sunday the administration could “move quickly” to implement any relief — the Treasury Department is responsible for sending stimulus checks out to Americans. On the vaccine front, the
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Stock futures were flat in overnight trading as investors prepared for a slew of earnings from major U.S. businesses on Tuesday.  Dow futures rose 40 points or 0.15%. The S&P 500 and Nasdaq-100 futures rose 0.15% and 0.18%, respectively. Senate Majority Leader Mitch McConnell unveiled the Republican coronavirus relief plan Monday after the bell.  The legislation would
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