Wells Fargo Says Fed Cap Is Limiting Small-Business Relief

In this article Wells Fargo & Co. said it can’t fully meet demand from small businesses rushing to participate in a U.S. relief program because of constraints imposed by the Federal Reserve on the bank’s growth. The company has capacity to lend $10 billion to small-business clients under the $349 billion U.S. program, but customers already have expressed more interest […]

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US airline industry seeks about $50B in federal help

New York (CNN Business)Delta is extending benefits for mileage plan members unable to travel because of the coronavirus outbreak. Coronavirus has been a massive disruption for the travel industry, as government and health officials restrict travel and and urge people stay home. A $50 billion airline bailout package from the US government is expected to help, but industry executives still […]

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Investing in an apocalypse

The narrow, worn track in West Virginia, close to the foothills of the Appalachians, leads to a camp set back in the woods. There, a group of US survivalists have been preparing for the collapse of civilisation long before the arrival of the new coronavirus that has brought so much of the world to a halt. Boxes full of family-size […]

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Liverpool FC Joins Rush to Furlough Non-Playing Staff

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. Liverpool, England (AP) — Liverpool has become the latest Premier League club to use a government scheme to furlough some non-playing staff, with the competition having been suspended for almost four weeks due to […]

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Automakers Have One Hot Seller Left: The Seven-Year Car Loan

In this article U.S. auto sales just crashed to the slowest pace in a decade. But among those few consumers still buying cars, one product is seeing unusually high demand: the seven-year loan. In the last full week of March, 23% of new-vehicle buyers took out 84-month loans to finance their purchase, Joe Spak, an analyst at RBC Capital Markets, […]

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Colorado small businesses able to tap stimulus money for forgivable loans

Federal and state officials are urging distressed small businesses to take advantage of the Paycheck Protection Program, a new $349 billion pool of relief funds that became available on Friday, April 3. “This is a very simple program. Businesses will get forgivable loans as long as they keep their people employed,” said Gov. Jared Polis during his Friday press conference. […]

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