Editor’s Picks

More PPP Forgiveness Guidelines Unveiled, But Clarity Remains Elusive

More PPP Forgiveness Guidelines Unveiled, But Clarity Remains Elusive
More PPP Forgiveness Guidelines Unveiled, But Clarity Remains Elusive
May 19, 2020  |  Loans

It’s no secret that the federal Paycheck Protection Program (PPP) has had a rocky few weeks since initially launching in early April. Get the Full...

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Brex Notches $150M To Advance Expense Management Tools
Brex Notches $150M To Advance Expense Management Tools
May 19, 2020  |  Investments

FinTech startup unicorn Brex has closed a $150 million funding round led by previous investor DST and new investor Lone Pine Capital, Brex said in...

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Walmart Crushes Earnings; eCommerce Soars 74 Pct
Walmart Crushes Earnings; eCommerce Soars 74 Pct
May 19, 2020  |  Retail

Walmart announced its first-quarter earnings this morning (May 19), crushing even the highest expectations for in-store as well as eCommerce revenue. In-store comps were up...

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Kohl’s Sales Plunge 43.5 Pct Amid Pandemic
Kohl’s Sales Plunge 43.5 Pct Amid Pandemic
May 19, 2020  |  Retail

As it took fast and aggressive steps to respond to the pandemic, steps that resulted in positive operating cash flow, Kohl’s reported a first quarter...

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PayPal Debuts QR Codes To Help SMBs Go Contactless
PayPal Debuts QR Codes To Help SMBs Go Contactless
May 19, 2020  |  Payment Methods

Although the country is starting to reopen following mandatory shutdowns amid the coronavirus pandemic, social distancing is still a must for face-to-face interactions. To help...

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Demand For New Homes Climbs After Historic Drop
Demand For New Homes Climbs After Historic Drop
May 19, 2020  |  Real Estate

Homebuilder sentiment may be coming out of its worst slump ever, as new data showed confidence improving this month, with one caveat: the Northeast is...

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Mnuchin, Powell To Face Senate Over PPP, Stimulus Funds
Mnuchin, Powell To Face Senate Over PPP, Stimulus Funds
May 19, 2020  |  Loans

Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell will testify remotely before the Senate on Tuesday (May 19) regarding the disbursement of coronavirus...

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Restaurant Execs Ask Trump For PPP Modifications
Restaurant Execs Ask Trump For PPP Modifications
May 19, 2020  |  Loans

At a roundtable event with restaurant executives on Monday (May 18), several executives put forward a request to President Donald Trump and cabinet officials to...

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Treasury: 4 Million IRS Stimulus Payments To Be Sent Via Visa Prepaid Debit Card
Treasury: 4 Million IRS Stimulus Payments To Be Sent Via Visa Prepaid Debit Card
May 18, 2020  |  Disbursements

The U.S. Treasury Department and the IRS are planning to send out around 4 million Economic Impact Payments (EIP) via Visa prepaid debit cards rather...

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