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U.S. Senate bill to grant airlines bailout to weather coronavirus
The U.S. Senate will vote on Wednesday to give the U.S. aviation industry $58 billion in aid, half in the form of grants to cover some 750,000 employees’ paychecks, in a badly needed lifeline for an industry facing the worst travel downturn in history.
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Senator Chuck Grassley on proposed $2T coronavirus stimulus deal
Senator Chuck Grassley joins Yahoo Finance’s Seana Smith to discuss the latest coronavirus stimulus bill and its potential impact on the economy. …read more […]
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Former Obama economist on $2T stimulus bill: I’m worried it might not be enough
As the coronavirus continues to impact the economy, Federal Reserve Bank of St. Louis President James Bullard called for strong fiscal stimulus to replace over $2.5 trillion lost due to COVID-19. Former Council of Economic Advisers Chair under Obama & Harvard Economics Professor Jason Furman joins Yahoo Finance’s Zack Guzman and Brian Cheung to discuss. …read more […]
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U.S. set to grant automakers a lifeline — but no bailout
WASHINGTON/DETROIT (Reuters) – The $2 trillion economic rescue package before the U.S. Senate on Wednesday would send the federal government to the auto industry’s rescue for the second time in a dozen years. Automakers are fearful of being tagged as seeking a new government bailout so soon after the 2009 government-funded auto restructurings. Detroit has not sought industry-specific assistance and instead made the case the entire economy needs urgent access to liquidity. …read more […]
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Coronavirus update: NYC braces for new case surge as Spain, Italy woes mount
The coronavirus extended its reach across the world, inching closer toward 500,000 as surging COVID-19 diagnoses put New York, Italy and Spain on high alert. …read more […]
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Republic Explains the SEC’s Proposed Crowdfunding Changes and SAFEs
Earlier this month, the SEC proposed long-awaited rule changes to Regulation CF. Reg CF (the CF stands for crowdfunding) governs how everyday investors can invest in startups – and how startups raise money through certain SEC-registered investment platforms.
The industry has been asking the SEC to make some of these changes for years. And these changes have the potential to reshape the startup investing landscape. They can also be a source of major confusion. Even well-written SEC regulations can be tough to understand. So we asked our friends at Republic to help us better understand what the SEC is proposing.
Republic is …read more […]
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Business News
U.S. stocks seesaw as vote awaited on stimulus deal
U.S stocks seesawed on Wednesday, digesting the previous session’s huge rebound, with investors torn as optimism about an imminent $2 trillion coronavirus package was offset by concerned about the lasting economic impact from the pandemic. [.N]
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Wall Street gains ahead of Senate vote on $2 trillion aid package
Wall Street rose in choppy trading on Wednesday, building on the previous session’s gains, as the U.S. Senate neared a vote to clear a $2 trillion package to support businesses and households affected by the coronavirus pandemic.
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Advice on staying healthy amid the coronavirus: 'Stay away from anything that causes inflammation'
Gym closed during the coronavirus pandemic? No problem. Here are some helpful tips to staying healthy from the founder and CEO of Life Time Fitness. …read more […]
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Coronavirus exposes U.S. Uber, Lyft drivers’ lack of safety net
As independent contractors, U.S. ride-hail drivers for Uber and Lyft benefited from soaring trip demand and flexible work hours.
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First UK-listed firms edge towards BoE loan scheme
A handful of large British companies had emerged on Wednesday as likely candidates for the government’s emergency lending scheme aimed at helping them tide over the coronavirus shutdowns afflicting many of the world’s biggest economies.