Editor’s Picks

Overstock’s 1Q Loss Narrows and April Sales Soar 120 Pct

Overstock’s 1Q Loss Narrows and April Sales Soar 120 Pct
Overstock’s 1Q Loss Narrows and April Sales Soar 120 Pct
April 30, 2020  |  Earnings

Shares of Overstock.com Inc. rose 4.5 percent Thursday (April 30) after the eCommerce retailer announced a narrower first-quarter loss and the fact that April sales...

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Brooklyn Man Charged With Allegedly Swiping Some $12,000 In IRS Stimulus Checks From Mail
Brooklyn Man Charged With Allegedly Swiping Some $12,000 In IRS Stimulus Checks From Mail
April 30, 2020  |  Cybersecurity

Feng Chen, 31, of Brooklyn, New York, was charged with alleged theft of U.S. mail that included some $12,000 in government stimulus checks, other checks...

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Federal Reserve Extends Reach Of Main Street Lending Program
Federal Reserve Extends Reach Of Main Street Lending Program
April 30, 2020  |  Loans

The Federal Reserve is extending its $600 billion Main Street lending program to reach small and medium-sized businesses (SMBs) hit by the coronavirus pandemic, the...

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Macy’s Plans To Reopen 68 Locations After COVID-19 Closures
Macy’s Plans To Reopen 68 Locations After COVID-19 Closures
April 30, 2020  |  Retail

As it joins the ranks of returning merchants following COVID-19 store closures, Macy’s intends to open 68 retail locations on Monday (May 4) in states...

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JPMorgan Chase Submits Nearly $18B In PPP Loans
JPMorgan Chase Submits Nearly $18B In PPP Loans
April 30, 2020  |  Economy

JPMorgan Chase & Co. told its small business clients that the New York financial services company has submitted 220,000 applications this week to the Paycheck...

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Another 3.8 Million Americans File Jobless Claims, Bringing COVID Total Above 30 Million
Another 3.8 Million Americans File Jobless Claims, Bringing COVID Total Above 30 Million
April 30, 2020  |  Economy

COVID-19 continues to take its toll on the nation’s economy, as another 3.8 million Americans filed for jobless claims week ended April 25, the U.S....

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Facebook Daily Active Users Surge 11 Pct YoY Amid Pandemic
Facebook Daily Active Users Surge 11 Pct YoY Amid Pandemic
April 30, 2020  |  Earnings

Facebook’s earnings results showed the impacts of a pandemic that proved to be headwinds on its advertising business, but logged gains in monthly and daily...

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JPMorgan, Other Big Banks Front-Load $66B To Cover Bad Loans
JPMorgan, Other Big Banks Front-Load $66B To Cover Bad Loans
April 30, 2020  |  Loans

JPMorgan Chase was the biggest saver of funds in an effort by banks around the world to get ahead of a spate of bad loans...

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