May 31, 2020
Is Congress Finally About To Fix PPP’s Many Problems?
Congress adopted the $600 billion-plus Paycheck Protection Program (PPP) to help American small- to medium-sized businesses (SMBs) stay afloat by using forgiveness loans to keep their workers employed and cover...
May 31, 2020
Germany Reaches EU Deal On $9.9B Lufthansa Bailout
German flagship airline Lufthansa agreed Saturday to a compromise worked out between the government and the European Union, overcoming a major hurdle toward final approval of a €9 billion (US$10...
May 18, 2020
IRS Stimulus Check Round 2, Will It Happen?
After a slightly rocky rollout, complaints that funds took a long time to arrive and that a few dead people got payouts they can’t really use, the first round of $1,200 stimulus funds...
May 18, 2020
Trade Groups Say EU State Aid Rules Hinder Tech Bailouts
Tech start-ups across Europe are struggling to access coronavirus support schemes because of EU state aid rules, industry groups from several countries say, threatening to undermine Brussels’ attempts to stimulate...
May 13, 2020
Auto Suppliers’ Pain Spotlights Ripple Effects Of Trade Credit Gaps
The old saying goes that chains are only as strong as their weakest link. That applies, of course, to supply chains and to liquidity. Name the vertical, and where there’s...
May 11, 2020
Confusion Reigns As PPP Loan ‘Guidance’ Grows, Deadlines Loom
The Trump administration has piled vague and confusing guidance onto the unclear regulations of the Paycheck Protection Program (PPP), increasing tensions across the business world as deadlines for the program...
May 08, 2020
Saving Main Street: Advocacy Groups Propose New Government Relief Programs
The crisis is hardly over, but post-pandemic reality is setting in for Main Street retail. Government program subsidies and loans have been snapped up by larger companies and mid-sized chains,...
May 06, 2020
US Jobs Report Shows 11M Jobs Lost At SMBs
COVID-19 continues to take its toll on the nation’s workforce as the number of private-sector jobs fell by a record 20.2 million from March to April, including more than 11...
May 04, 2020
Buffett’s Grounding Of Airline Stocks Shows Turbulence Ahead
The selloff begat the selloff. To that end, news came over the weekend that famed investor Warren Buffett, through his investment vehicle, Berkshire Hathaway, has sold all of its holdings...