Neiman Marcus Prepares For Possible Bankruptcy After Stores Shutter

Neiman Marcus Prepares For Possible Bankruptcy After Stores Shutter
Neiman Marcus Prepares For Possible Bankruptcy After Stores Shutter
April 03, 2020  |  Retail

With the COVID-19 pandemic causing it to shutter its stores, Neiman Marcus Group is increasing preparations to ask for bankruptcy protection. The luxury department store...

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US Economy Loses 701K Jobs; Unemployment Rises To 4.4 Pct.
US Economy Loses 701K Jobs; Unemployment Rises To 4.4 Pct.
April 03, 2020  |  Economy

The nation’s hiring boom that began more than two years ago is over, a casualty of COVID-19, as the number of workers who have lost...

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Treasury Says SBA SMB Relief Program Is Live, Big Banks Say They’re Not Ready
Treasury Says SBA SMB Relief Program Is Live, Big Banks Say They’re Not Ready
April 02, 2020  |  Coronavirus

Treasury Secretary Steve Mnuchin announced shortly after 7 p.m. Thursday, April 2 that the Paycheck Protection Program was live and ready to begin distributing $350...

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Australia To Test Coronavirus Vaccine; US Doctor Claims To Have Potential Cure
Australia To Test Coronavirus Vaccine; US Doctor Claims To Have Potential Cure
April 02, 2020  |  Coronavirus

Australia’s national science agency plans to test a pair of vaccines over the next 90 days, part of a global race to stop the coronavirus...

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Restoring Cash Flow…With Cards
Restoring Cash Flow…With Cards
April 02, 2020  |  Payment Methods

Small businesses are the hardest hit by the COVID-19 pandemic, which i2c President Jim McCarthy describes as unlike any disruption seen in the modern age....

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US Jobless Claims Hit Record 6.6M Amid COVID-19 Pandemic
US Jobless Claims Hit Record 6.6M Amid COVID-19 Pandemic
April 02, 2020  |  Economy

In another sign that the nation’s economy is suffering amid the COVID-19 pandemic, the number of new jobless claims reached record levels last week, double...

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What Banks Still Don’t Know About Getting The $350B To SMBs
What Banks Still Don’t Know About Getting The $350B To SMBs
April 02, 2020  |  Coronavirus

Facing an economic emergency tipped off by the unprecedented coronavirus pandemic landing on American shores, the federal government in an uncharacteristic burst of speedy bi-partisan...

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Apple Eases Streaming App Commissions
Apple Eases Streaming App Commissions
April 02, 2020  |  Apple

Apple has announced it will end its practice of taking a cut of streaming revenue from Amazon’s Prime Video and other such platforms for some...

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SoftBank Abandons WeWork Deal; Lawsuit Likely
SoftBank Abandons WeWork Deal; Lawsuit Likely
April 01, 2020  |  Investments

SoftBank finally pulled out of its $3 billion deal to purchase office sharing startup WeWork, after murmurs of such last month amid the fiscal turmoil...

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