Computer issues delay small business emergency loans
The SBA faced computer system outages that halted loan processing for the $349 billion Paycheck Protection Program. Banks reported log-in problems, document questions, and slow approvals as leaders briefed Congress on funding. Millions sought aid while lenders and borrowers faced delays and uncertainty.
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Small Business Administration
SBA
Paul Merski
Independent Community Bankers of America
Carol Wilkerson
Treasury
Steven Mnuchin
Mnuchin
Trump
Congress
Wilkerson
Jpmorgan Chase
Citibank
Stock rally fizzles as oil slumps and markets wobble
Wall Street pared early gains with the S&P 500 slipping 0.2 percent after erasing a 3.5 percent rise. Oil plunged over 9 percent to 23.63 a barrel as Russia and Saudi Arabia keep a price war alive. The Dow and Nasdaq were down slightly amid renewed recession fears and looming job losses.
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New York
Wall Street
U.S
Patrick Schaffer
J.P Morgan
Sam Stovall
CFRA
Stovall
Russia
Saudi Arabia
Donald Trump
J.P. Morgan
Schaffer
Global leaders urge $8 billion for COVID vaccine drive and debt relief
An open letter to G20 nations from 165 signatories including Ban Ki moon and Tony Blair calls for emergency funding of 8 billion to accelerate vaccines cures and treatments, 35 billion for weaker health systems, at least 150 billion for developing nations, and debt relief totaling 44 billion for Africa, urging a rapid pledging conference and WHO coordinated production. Separately in California Quibi debuts strong with 300k plus downloads, ranking behind TikTok Disney Netflix Hulu in early iPhone app charts.
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Annie
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Quibi
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Amazon Prime
Amazon
Amir Ghadrafi
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Canada
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Randy Nelson
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Wire Reports
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the Market IN Review
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Lasor
PensarAc
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Pfa
SeaChange
Fordm
Pfc
Goilng Ltd
AMD
Pfb
Chimera
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GenElec
AG Mtg Pfc
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BkofAm
TPG RE
AlpinePr
Marathno
MFA Pfb
Hoeghlp
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Microsoft
AG Mtg Pfb
AlphaPro
Yild
At&t Inc
MFA
MGM
Amarin
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Apple Inc
NewResid
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Newell Br
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CallonPet Boeing
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OwensCorn
Cedarf
PepsiCo
Cisco
Petrobras
Citigroup
Coca Cola
RaytTch Comcast
RylCarb
Schimbrg
CypSemi
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DPW Hid Rs
Sherwin
Shiloh
EggTrasfr
Siriusxm
ExxonMbl
Smucker
Facebook
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FirstEngy
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Target
Frptmim
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TevaPh
Intel
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