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'Nightmare': Business Owners Describe Process of Applying for Virus LoansApr 8, 2020 - 05:07:28 PDT
Small-business owners share their frustrating experiences applying for loans through the government's new Payment Protection Program.
10 million initial unemployment claims in 2 weeks & the next one could be another 5 million plus & most folks aren't even able to access the online websites to apply. And once they apply the paperwork and backlog to get the benefits is endless.
The target is $2,000. Here are the details...
“Companies are running out of cash,” Chambers told MarketWatch in a phone interview Tuesday. “The next quarter is going to be ugly.”
“As recession in Hong Kong deepens, higher unemployment will likely erode housing demand as some prospective buyers retreat, while more owners may choose to sell...
The number of U.S. homeowners who have stopped making mortgage payments is surging under the federal government’s new forbearance program, according to a survey from the Mortgage Bankers Association.
The dollar firmed on Wednesday as optimism that the coronavirus crisis was slowing waned, increasing investor concerns over the economic impact of the pandemic.
Euro zone finance ministers will meet again Thursday, after failing to agree on new stimulus for the bloc's economy.
U.S. government debt prices were higher Wednesday morning as investors monitor efforts to slow down the coronavirus pandemic in the U.S. and around the world.
Empty Hotels 'Keep the Lights on' by Converting Into Coronavirus QuarantinesApr 8, 2020 - 04:41:53 PDT
The hotel industry is grappling with severe revenue losses and mass lay offs amid the coronavirus pandemic.
“That’s higher than we saw at the height of the financial crisis, after the 1987 crash, and in the late stages of the Great Depression. The only time the S&P’s average daily move over a five-week period was greater was after the Crash of 1929,” the analysts wrote.
Some measures of liquidity in the $17 trillion U.S. Treasury market are almost back to normal, thanks to the Federal Reserve's giant purchases, after drying up two weeks ago at the height of the coronavirus panic, but trading conditions remain challenging.
Consumers are fast losing confidence in this spring housing market, given the economic upheaval from the coronavirus and higher mortgage rates.
The number of confirmed coronavirus cases in the U.S. surpassed 400,000 on Wednesday, according to figures provided by NBC, with 12,864 fatalities nationwide.
As we prepare to enter "hell month" across the globe, here's what we need to do to get out the other side of this pandemic as quickly & safely as possible...
Has the coronavirus provided gold and silver prices an unexpected tailwind for the next phase of their bull markets?
Comex was just rescued with gold from JP Morgan...
Blackstone Group Inc. Chairman and Chief Executive Officer Stephen Schwarzman says the coronavirus pandemic will cause a huge disruption to the U.S. economy but it will be temporary because of the federal government's recent stimulus efforts.
It’s difficult to overstate the perverse consequences that the Bernanke-Yellen Fed has had on average Americans.
The European Central Bank on Tuesday announced an "unprecedented" easing of collateral requirements in a bid to boost bank lending during the coronavirus crisis.