Editor’s Picks

JPMorgan Allegedly Favored Larger Companies Under Stimulus Loan Program

JPMorgan Allegedly Favored Larger Companies Under Stimulus Loan Program
JPMorgan Allegedly Favored Larger Companies Under Stimulus Loan Program
April 22, 2020  |  Loans

While the Payment Protection Program (PPP) was aimed in part at mom-and-pop businesses – and is run through the Small Business Administration (SBA) – it...

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Ex-Starbucks CEO Howard Schultz: Small Restaurants Need More Than PPP Loans
Ex-Starbucks CEO Howard Schultz: Small Restaurants Need More Than PPP Loans
April 22, 2020  |  Economy

According to ex-Starbucks CEO Howard Schultz, a $1 trillion ‘bridge to a vaccine’ may be the only way to save small businesses from going under....

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LendingClub Lays Off 460 In Restructuring Plan
LendingClub Lays Off 460 In Restructuring Plan
April 22, 2020  |  Alternative Credit

A third of online lender LendingClub’s workers will be laid off, the company said on Tuesday, April 21. Get the Full Story Complete the form...

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Facebook Closes $5.7B Deal For Stake In India’s Reliance Jio
Facebook Closes $5.7B Deal For Stake In India’s Reliance Jio
April 22, 2020  |  Facebook / Meta

Facebook closed a $5.7 billion deal on Tuesday (April 21) for a minority stake in Indian telecom startup Reliance Jio, giving the social media giant...

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AvidXchange Closes Funding Round With $127M
AvidXchange Closes Funding Round With $127M
April 21, 2020  |  B2B Payments

North Carolina-based AvidXchange has raised $127 million after a funding round, according to a U.S. Security and Exchange Commission filing. Get the Full Story Complete the form...

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Uber Eats Says Customers Donated $3M To Help Unemployed Workers
Uber Eats Says Customers Donated $3M To Help Unemployed Workers
April 21, 2020  |  Economy

Uber Eats customers have stepped up at a tough time for restaurants and donated $3 million to help food service establishments using a new feature...

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NY’s Jobless Claims Site Crashes From High Volume
NY’s Jobless Claims Site Crashes From High Volume
April 21, 2020  |  Economy

New York Governor Andrew Cuomo said there have been so many unemployment claims that the state’s entire system – including the website and phones –...

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Senate Passes Bill That Adds $310B More To PPP Loans
Senate Passes Bill That Adds $310B More To PPP Loans
April 21, 2020  |  Loans

The Senate has passed a new $484 billion coronavirus relief package, including more than $300 billion in additional funds for the Paycheck Protection Program (PPP) designed...

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