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COVID-19

COVID-19

The Fed steps in to finance COVID-19 relief loans for small businesses

by Marielle Segarra
Apr 7, 2020
The Federal Reserve is creating a "lending facility" to keep things running smoothly for small business loans.
The central bank is finding new ways for it to finance the loans commercial banks are being told to write to small businesses.
Olivier Douliery/AFP via Getty Images
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COVID-19

Black-owned businesses face increased safety and economic risk from COVID-19

by Kimberly Adams
Apr 7, 2020
Health care businesses face medical risks, while retail and food service companies are seeing plunging sales.
Black people are almost 13% of the U.S. population, but only about 4% of business owners.
Samuel Corum/Getty Images
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COVID-19

Commercial fishers struggle to find customers amid COVID-19 closures

by Brad Racino
Apr 7, 2020
Fishers scramble to find new markets as its traditional markets close.
Commercial fisherman David Haworth stands on a dock in San Diego's Tuna Harbor, March 18, 2020. Haworth is exploring ways to sell fish directly to consumers as his restaurant market has shut down in the wake of the COVID-19 outbreak.
(Zoë Meyers/inewsource)
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COVID-19

Some auto insurers offer discounts as COVID-19 curtails driving

by Jack Stewart
Apr 7, 2020
The calculation is that fewer cars on the road result in fewer accidents, and savings on insurance payouts.
Driving is down 35% to 50% across the country, meaning fewer crashes, Allstate CEO Tom Wilson says.
Bruce Bennett/Getty Images
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COVID-19

China's livestream sales: How brands reach consumers during COVID-19

by Jennifer Pak
Apr 6, 2020
Consumer spending plummeted while people stayed home. But Taobao saw livestream sales sessions double on its app.
Songzi during a marathon six-hour livestream broadcast selling cosmetics.
Charles Zhang/Marketplace
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COVID-19

Too much virtual connection can be a bad thing

by Jasmine Garsd
Apr 6, 2020
With millions working from home, video chats are on the rise. They can be exhausting.
A substitute teacher in Bethesda, Maryland, works from home on April 1, 2020.
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COVID-19

A public health strategy to reopen the economy

by Kai Ryssdal and Bennett Purser
Apr 6, 2020
A new report sheds light on what it will take to end the pandemic and the economic crisis it created.
Medical professionals work at a drive-thru coronavirus testing site run by George Washington University Hospital in Washington, DC.
Drew Angerer/Getty Images
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COVID-19

Stress tests for banks aren't designed for a downturn as severe as this one

by Justin Ho
Apr 6, 2020
Today's news is worse — and coming faster — than in the scenarios the central bank tests for.
Michael Nagle/Getty Images
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COVID-19

More companies suspending earnings guidance as economy tanks

by Andy Uhler
Apr 6, 2020
Guidance is a way for a company to help others assess what its stock is worth, but right now, a lot of companies just don't know.
March 9, 2020, New York City.
Timothy A. Clary/AFP via Getty Images
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COVID-19

What happens when retailers stop paying rent?

by Marielle Segarra
Apr 6, 2020
Stores are closed. Sales have evaporated. A lot of retailers can’t pay their rent.
Urban Outfitters announced last week that it would stop paying rent at its stores during the COVID-19 pandemic.
Justin Sullivan/Getty Images
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