Chamath Palihapitiya: We’ve ‘ripped the philosophical band-aid off’ on universal basic income
Investor Chamath Palihapitiya said Wednesday that the United States should continue sending Americans checks as the coronavirus pandemic continues to impact the economy. “We really need to think about direct, capital injections into the hands of people,” Palihapitiya said on CNBC’s “Fast...
She got a forgivable loan. Her employees hate her for it.
Jamie Black-Lewis received loans from the Paycheck Protection Program for her two spas, Oasis Medspa & Salon and Amai Day Spa, in Washington state. Many of her 35 employees think they will make more money collecting unemployment benefits than from...
These two tech stocks could be the biggest winners despite an ‘ugly’ earnings season
A moment of truth is coming for the world’s biggest technology companies. They are starting to report first quarter results as the coronavirus shutdowns slam into the markets. But tech analyst Gene Munster expects a couple of widely held names...
Fitch downgrades 10 European banks and warns coronavirus impact could lead to more
The headquarters of Commerzbank stands on March 19, 2020 in Frankfurt, Germany. Thomas Lohnes Ten Western European banking groups have been downgraded by Fitch Ratings amid the coronavirus outbreak, and the agency has given 95% of the lenders in its...
This oil price crash isn’t as bad as it seems — here’s why
Something that’s never happened in the oil market is happening today: Negative prices for oil contracts. While many people may see this and think the overall price of oil is negative, there’s nuance. The short answer is that no, not...
Dow futures dip as Wall Street takes a breather after last week’s gains
A man wears a protective mask as he walks on Wall Street during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. Lucas Jackson | Reuters U.S. stock futures traded little changed on Sunday night as...
JPMorgan says it has $26 billion in small business relief applications that need funding
Pedestrians pass a JPMorgan Chase & Co. bank branch near the New York Stock Exchange in 2018. Bloomberg | Bloomberg | Getty Images JPMorgan Chase says it has closed more small business relief loans than any other bank, but it...
After earlier confusion, filing requirements are waived and veterans will get stimulus checks automatically
Secretary of the Treasury Steven Mnuchin speaks with President Donald J. Trump and members of the coronavirus task force during a briefing in response to the COVID-19 coronavirus pandemic on Thursday, April 02, 2020 in Washington, DC. (Photo by Jabin...
‘Frozen’ companies are not calling Berkshire Hathaway for rescue investments, Charlie Munger says
Speculation about what Berkshire Hathaway’s Warren Buffett is doing during the coronavirus crisis is a common topic among investors these days, with most expecting the “Oracle of Omaha” to make a classic value purchase during this tumultuous time or a rescue...
IRS sends coronavirus stimulus checks to dead people
The seal of the Internal Revenue Service (IRS) hangs on a podium during an IRS Criminal Investigation 100th year anniversary event at the agency’s headquarters in Washington, D.C., U.S., on Monday, July 1, 2019. Photographer: Andrew Harrer/Bloomberg via Getty Images...
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