‘We’re not governments’ — Cramer says small business owners can’t front their employees forever
CNBC’s Jim Cramer on Monday criticized the launch of the small business loan program passed by Congress last month, arguing delays are heaping more burden on business owners. “How many weeks do I have to front everybody?” Cramer said on...
Small businesses start to get rescue funds, but payouts overall are lagging
A sign reading “Buy Local” with closed restaurants and shops on Main Street on April 10, 2020 in Livingston, Montana. William Campbell | Getty Images Small businesses have applied for more than half of the $350 billion allotted for the...
Stocks making the biggest moves midday: Caterpillar, SCWorx, Ford, AMC & more
An employee assembles an excavator at the Caterpillar Inc. manufacturing facility in Victoria, Texas. Callaghan O’Hare | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Caterpillar — Shares of the manufacturing company dropped more than 8%...
Oil jumps after OPEC and allies agree to historic production cut
Silhouette of Permian Basin pumpjacks taken at dusk, north of Midland, Texas, U.S. in late 2019. Richard Eden | via Getty Images Oil prices moved higher in overnight trading after OPEC and its allies agreed to cut production by 9.7...
The Fed is on ‘wartime’ footing and still may be asked to do more
Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, March 3,...
The S&P 500 has rebounded 25% in less than three weeks. Here’s what’s going on
The Wall Street Bull, located in the financial district of New York City. Mike Roy | MCT | Tribune News Service | Getty Images The stock market’s rapid plunge into a bear market this year has been nearly matched by...
PayPal, Intuit QuickBooks approved to take part in coronavirus, small-business emergency loan program
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images After weeks of lobbying, fintech companies are officially allowed to take part in the U.S. government’s emergency lending program. PayPal and Intuit...
Stocks making the biggest moves after hours: United Airlines, Pfizer, KB Home and more
A United Airlines plane sits parked at a gate at San Francisco International Airport on March 06, 2020 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell. United Airlines — Shares...
‘I feel better’ — Cramer praises Fed’s $2.3 trillion in loans to help businesses and governments
CNBC’s Jim Cramer on Thursday praised the Federal Reserve’s latest moves to help keep afloat a U.S. economy that’s been battered by the coronavirus pandemic. “I feel better today,” Cramer said. Before the stock market opened, the Fed unveiled details of...
Treasury Secretary Mnuchin says US could be open for business in May
Treasury Secretary Steven Mnuchin said Thursday that he believed it was possible that the U.S. could open back up next month. “I do, Jim,” Mnuchin said after CNBC’s Jim Cramer asked about reopening the economy in May. The comments came...
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