Trump Wants Additional $250 Billion For SMB Loans
Trump Wants Additional $250 Billion For SMB Loans
April 07, 2020  |  Loans

President Donald Trump said he is working with congressional leaders to come up with another $250 billion in loan guarantees to help small- and medium-sized...

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Gates Foundation Will Fund Facilities To Make Coronavirus Vaccine
Gates Foundation Will Fund Facilities To Make Coronavirus Vaccine
April 07, 2020  |  Coronavirus

To support the creation of a vaccine for the novel coronavirus, Bill Gates’ foundation will dedicate billions to back the building of manufacturing facilities. The...

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EU Eyes Half-Trillion Euro COVID-19 Stimulus Package 
EU Eyes Half-Trillion Euro COVID-19 Stimulus Package 
April 07, 2020  |  Coronavirus

Eurozone leaders are negotiating a deal that could deliver a half trillion euros in economic aid to help European Union countries recover from the coronavirus...

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Today In Payments: Fed Plans New Facility For SMB PPP Loans; SBA Computer Crash Tangles PPP Loan Process
Today In Payments: Fed Plans New Facility For SMB PPP Loans; SBA Computer Crash Tangles...
April 07, 2020  |  News

In today’s top news, the Federal Reserve and Treasury Department are collaborating to develop a new facility to help small- to medium-sized businesses (SMBs) stay...

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Bank Of Finland Predicts Pandemic Will Trigger Major Recession
Bank Of Finland Predicts Pandemic Will Trigger Major Recession
April 07, 2020  |  Coronavirus

The global coronavirus pandemic has cast a dark cloud over Finland’s economy, as the central bank predicts the worst recession in over 100 years, according...

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Most Consumers Think COVID Will Last 2.25 Times Longer Than Their Cash
Most Consumers Think COVID Will Last 2.25 Times Longer Than Their Cash
April 07, 2020  |  Economy

Before the COVID-19 pandemic, the standard narrative goes, the U.S. economy was running full steam ahead, with record employment levels, wages on the rise and...

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Extra Federal Benefits Ease Layoff Decisions For Employers
Extra Federal Benefits Ease Layoff Decisions For Employers
April 07, 2020  |  Coronavirus

Some employers are breathing a sigh of relief, noting that their laid-off workers are much better off financially amid the economic dive of the COVID-19...

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SoFi Spends $1.2B To Buy FinTech Galileo
SoFi Spends $1.2B To Buy FinTech Galileo
April 07, 2020  |  Partnerships / Acquisitions

In a deal valued at over a $1 billion, SoFi said it has inked a definitive deal to buy Galileo Financial Technologies. The online personal...

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Senate Majority Leader Calls For More SMB Relief Funds
Senate Majority Leader Calls For More SMB Relief Funds
April 07, 2020  |  Loans

Amid high demand for federal help, Senate Majority Leader Mitch McConnell (R-KY) announced he would try to approve additional funding for a small business loan...

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