Trump administration seeks $250 billion more in aid for small U.S. businesses: Mnuchin
The Trump administration on Tuesday asked Congress for an additional $250 billion in emergency economic aid for small U.S. businesses reeling from the coronavirus pandemic, as Senate Majority Leader Mitch McConnell pushed for passage as soon as Thursda…
White House to hold call with banks as hundreds struggle to access small business loans
The White House was due to speak with banks on Tuesday, as the administration’s $350 billion program to support ailing businesses continued to confront hurdles, with some of the nation’s largest lenders sitting on the sidelines and others unable to acc…
U.S. SEC issues compliance focus areas for brokers before new rules take effect
The head of the examination office at the U.S. Securities and Exchange Commission (SEC) on Tuesday published details about the expected scope and content for compliance with a new rule requiring broker-dealers and investment advisers to disclose potent…
Jobless Americans to see extra payments as soon as this week
Americans who have lost their jobs due to the coronavirus outbreak will start getting enhanced jobless benefits as soon as this week as states deploy hundreds of billions of dollars in federal aid, state officials said on Tuesday.
Wall Street ends lower after volatile session
Wall Street fell on Tuesday after a volatile session and following tentative early signs that coronavirus outbreaks in some of the biggest U.S. hot spots may be plateauing.
BlackRock’s Aladdin investment management platform to be hosted on Microsoft’s cloud
BlackRock Inc, the world’s largest asset manager, has partnered with Microsoft Corp to have its Aladdin investment and risk management system hosted on the Microsoft Azure cloud platform, the companies said on Tuesday.
Refunds row escalates as airlines warn millions of jobs at risk
Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus air travel downturn, and held out against offering refunds to passengers as cash runs out.
Investors await data on coronavirus drugs as market rally builds
Clinical data on potential treatments for the new coronavirus could help sustain a market bounce that has buoyed stocks after last month’s plunge, as investors look for signs that authorities may be able to stabilize the pandemic.
Mnuchin seeks additional $250 billion in small business relief from Congress by Friday
Treasury Secretary Steven Mnuchin said on Tuesday he wants Congress to approve an additional $250 billion for a small business relief program by Friday.
Small U.S. businesses were already struggling. Then coronavirus hit
Many small businesses were struggling with funding shortfalls and financial challenges even before the coronavirus pandemic hit, leaving them with little cash on hand to weather the slowdown caused by the virus, according to data released by the Federa…
