COVID-19

COVID-19 is caused by a coronavirus called SARS-CoV-2. Older adults and people who have severe underlying medical conditions like heart or lung disease or diabetes seem to be at higher risk for developing more serious complications from COVID-19 illness.

Source: cdc.gov

Goldman Sachs: US Unemployment To Hit 15 Pct; GDP May Drop 34 Pct In Quarter

Goldman Sachs: US Unemployment To Hit 15 Pct; GDP May Drop 34 Pct In Quarter
Goldman Sachs: US Unemployment To Hit 15 Pct; GDP May Drop 34 Pct In Quarter
April 14, 2020  |  Economy

Goldman Sachs‘ new prediction is that the economic fallout from the coronavirus pandemic will end up four times worse than the recession from 2008-09, but...

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Cisco Launches $2.5B Financing Program On New Products
Cisco Launches $2.5B Financing Program On New Products
April 14, 2020  |  Payment Methods

Cisco, the California-based global technology company, announced a new financing program that allows customers to defer 95 percent of the cost of new products until...

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Coronavirus Refunds: Ticketmaster Updates Refund Policy Phrasing; MAPFRE Insurance Debuts ‘Staying Home Refund’ Program
Coronavirus Refunds: Ticketmaster Updates Refund Policy Phrasing; MAPFRE Insurance Debuts ‘Staying Home Refund’ Program
April 14, 2020  |  Economy

The coronavirus pandemic is upsetting normal life the world over, and plenty of consumers want refunds on things that they paid for but aren’t able...

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Pandemic Set To Further Erode EU Banks’ Profitability
Pandemic Set To Further Erode EU Banks’ Profitability
April 14, 2020  |  Banking

The European Union (EU) has enough liquidity to stay afloat during COVID-19, but profitability could sink as the pandemic worsens, according to the European Banking...

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Big Retail, Landlords Fight Over Rent At Closed Stores
Big Retail, Landlords Fight Over Rent At Closed Stores
April 14, 2020  |  Retail

There are battles brewing between landlords and large company tenants that haven’t paid rent during the coronavirus pandemic, including luminary names like Petco, Dick’s Sporting...

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DBS Hong Kong Digitizes Two-Day SMB Account Opening
DBS Hong Kong Digitizes Two-Day SMB Account Opening
April 14, 2020  |  B2B Payments

DBS Hong Kong, a subsidiary of DBS Bank headquartered in Singapore, is transitioning to a new contact-free way for small- to medium-sized businesses (SMBs) to...

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General Atlantic, Tripp Smith Look To Spend $5B Fund On Coronavirus-Stricken Firms
General Atlantic, Tripp Smith Look To Spend $5B Fund On Coronavirus-Stricken Firms
April 14, 2020  |  Investments

To provide firms impacted by the coronavirus pandemic with financing, General Atlantic has joined forces with Tripp Smith. The private equity firm is creating a joint venture...

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IMF: Banks Could Encounter Market, Credit Losses As COVID-19 Surfaces ‘Cracks’ In The Financial System
IMF: Banks Could Encounter Market, Credit Losses As COVID-19 Surfaces ‘Cracks’ In The Financial System
April 14, 2020  |  Economy

The International Monetary Fund (IMF) cautioned that COVID-19 has made “cracks” in the worldwide financial system known and “will likely” have financial institutions encounter market...

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