Forex news, Company news, Analysis

Your forgivable loan may be undercut by this provision of the Paycheck Protection Program

Steven Mnuchin, U.S. Treasury secretary, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Thursday, April 2, 2020. Kevin Dietsch | Bloomberg ...
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This historic market trend just ‘flipped’ in the coronavirus chaos

The coronavirus chaos has turned a historical market trend on its head. According to Bespoke Investment Group co-founder Paul Hickey, buying and holding stocks in extended hours trading has morphed ...
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Bank of America sees booming rescue loan demand, with applications for nearly 10% of program

People use a Bank of America automated teller machine in Washington. Nicholas Kamm | AFP | Getty Images Bank of America said Monday that it's seen fierce demand for emergency ...
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Oil drops 9% following a record surge last week, as OPEC meeting on a production cut is delayed

Oil prices dropped during overnight trading on Sunday after OPEC+ announced it was delaying its meeting initially scheduled for Monday, stoking fears on the Street that a production cut might ...
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Oil set to ‘crater’ Monday as OPEC meeting delayed, tensions flare between Saudi Arabia and Russia

Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud and Russia's Energy Minister Alexander Novak are seen at the beginning of an OPEC and NON-OPEC meeting in Vienna, Austria ...
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Wall Street adjusts to working at home: Lost screen real estate, Citi’s new ‘world headquarters’

A man cleans up on the trading floor, following traders testing positive for Coronavirus disease (COVID-19), at the New York Stock Exchange (NYSE) in New York, U.S., March 19, 2020 ...
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Treasury makes coronavirus loan terms less favorable for small businesses

Steven Mnuchin, U.S. Treasury secretary, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Thursday, April 2, 2020. Kevin Dietsch | Bloomberg ...
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Jobs may not come totally back for years, all depending on how small businesses weather this storm

A view of an empty restaurant is seen at Grand Central Station on March 25, 2020 in New York City. Angela Weiss | AFP | Getty Images Barry O'Donovan opened ...
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US payrolls plunge 701,000 in March amid the start of a job market collapse

Nonfarm payrolls dropped by 701,000 in March, according to Labor Department numbers released Friday that only begin to show the economic damage wrought by the coronavirus crisis. It was the ...
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Small businesses have ‘a million questions’ about paycheck relief loan as applications come due

Jourdain Degarmo, CEO of Mr. Muggles' Dogs Joe Drypolcher Jourdain Degarmo had to lay off all seven employees from his doggie day care in San Francisco last month after California's ...
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Coronavirus could create ‘a generation of supersavers’ and reshape the economy

PM Images | Getty Images A generation of risk-averse supersavers could emerge from the fallout of the coronavirus crisis and potentially reshape the economy, experts have said. Morgan Housel, partner ...
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