Editor’s Picks

DOJ Finds Evidence Of PPP Loan Fraud

DOJ Finds Evidence Of PPP Loan Fraud
DOJ Finds Evidence Of PPP Loan Fraud
May 01, 2020  |  B2B Payments

Amid rising criticism over the loan effort, the Department Of Justice has reportedly discovered potential fraud among companies seeking relief with the Paycheck Protection Program...

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PPP Recipients To Lose Valuable Tax Breaks
PPP Recipients To Lose Valuable Tax Breaks
May 01, 2020  |  Loans

Small businesses fortunate enough to get their Paycheck Protection Program (PPP) loans forgiven will forfeit some tax breaks, according to new rules from the Internal...

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Tencent Becomes ‘Substantial’ Investor In Afterpay
Tencent Becomes ‘Substantial’ Investor In Afterpay
May 01, 2020  |  Fintech Investments

Tencent Holdings Limited has become a “substantial shareholder” of Afterpay, according to an announcement from the company. The Chinese technology firm purchased a 5 percent...

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House Judiciary Committee Seeks Testimony Of Amazon CEO Jeff Bezo On Merchant Practices
House Judiciary Committee Seeks Testimony Of Amazon CEO Jeff Bezo On Merchant Practices
May 01, 2020  |  Amazon

After a report surfaced that Amazon staffers utilized information regarding independent sellers to create rival items, House Judiciary Committee legislators requested that Chairman and CEO...

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J.Crew Joins The Pandemic Bankruptcy Perp Walk
J.Crew Joins The Pandemic Bankruptcy Perp Walk
May 01, 2020  |  Retail

The great retail re-opening is now being called the “great resettling” by many observers and J.Crew is its latest victim. According to several sources the...

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London’s Finablr Finds $1B In Debt Charged To Company
London’s Finablr Finds $1B In Debt Charged To Company
May 01, 2020  |  Security & Fraud

Finablr has uncovered around $1 billion in debt hidden from its board, in the latest news in the scandal that has pushed sister company NMC...

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Big Lenders Process Half-Million PPP Loan Applications Totaling $45.8B
Big Lenders Process Half-Million PPP Loan Applications Totaling $45.8B
May 01, 2020  |  Loans

JPMorgan Chase and Bank of America said they processed almost 500,000 applications totaling roughly $46 billion as part of the Paycheck Protection Program intended to...

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Savings Rate Surges To Highest Level In 39 Years
Savings Rate Surges To Highest Level In 39 Years
May 01, 2020  |  Banking

The shaky coronavirus economy has promoted people to sock money at levels not seen since 1981. Get the Full Story Complete the form to unlock...

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Amazon Expects To Expend All Of Q2’s Profit Fighting COVID-19
Amazon Expects To Expend All Of Q2’s Profit Fighting COVID-19
May 01, 2020  |  Amazon

While Amazon earnings announcements over the years have become somewhat well known for their “expect the unexpected” atmosphere, yesterday’s earnings surprise was a big one. ...

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