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Washington Post Business
Apr 10, 2020

About 70% of small businesses have applied for a Cares Act loan. It's unclear how many have received them.
The emergency small business lending program got off to a rocky start with most big banks saying they weren't prepared to start processing applications when the program launched last Friday.

Washington Post Business
Apr 10, 2020

America is in a depression. The challenge now is to make it short-lived.
Economist say the U.S. unemployment rate is now 12 or 13 percent, the worst since the Great Depression.

Washington Post Business
Apr 10, 2020

An unlikely side effect of coronavirus: A national surplus of chicken wings
With the NCAA basketball tournament canceled, millions of pounds of wings may go uneaten.

Washington Post Business
Apr 10, 2020

Cities and states brace for economic ‘reckoning,' eyeing major cuts and fearing federal coronavirus aid isn't enough
The economic carnage wrought by the coronavirus is threatening city and state governments with financial ruin, according to local leaders, who say their ability to maintain roads, schools and basic social services is at risk at a time when their residents need help most.

Washington Post Business
Apr 10, 2020

Fed action fuels stock market bounce after worse-than-expected jobs data
The Dow added 277 points as the three major U.S. indexes ended a shortened week on a strong note.

Washington Post Business
Apr 10, 2020

Fed Chair Powell says U.S. economy deteriorating ‘with alarming speed'
The Fed is taking large and unprecedented steps to keep the U.S. economy on life support during the global pandemic.

Washington Post Business
Apr 10, 2020

Mortgage rates hold steady after weeks of turbulence
After weeks of wild swings, the 30-year fixed-rate average was unchanged at 3.33 percent.

Washington Post Business
Apr 10, 2020

My hours have been cut due to a coronavirus furlough, but my workload hasn't
For furloughed workers, it can be tricky to negotiate employer expectations for a shorter workweek.

Washington Post Business
Apr 10, 2020

One chart puts this week's awful jobs numbers in perspective
Words alone can't do these cataclysmic jobs numbers justice. What about charts?

Washington Post Business
Apr 10, 2020

OPEC and Russia agree on cuts in oil production, in theory
An all-day conference leads to an agreement to cut production that may be too little, too late.

Washington Post Business
Apr 10, 2020

Two black men say they were kicked out of Walmart for wearing protective masks. Others worry it will happen to them.
As the nation is told to wear masks, black Americans must also weigh the risks of racial profiling.

Washington Post Business
Apr 10, 2020

Wall Street bounces back, with Dow soaring nearly 800 points, after Bernie Sanders ends presidential run
The turnaround comes after the three major U.S. indexes soared to great heights Tuesday, only to stumble to a nearly flat finish after New York, the worst area of the U.S. coronavirus outbreak, announced 731 deaths overnight, its greatest one-day count.

Washington Post Business
Apr 10, 2020

WeWork proposes post-coronavirus changes to shared-office layouts
The plan calls for "buffer seating," sanitizer stations in common rooms and one-way hallway traffic patterns to avoid "bottlenecks"

Washington Post Business
Apr 10, 2020

What's one way to respond to mass quarantines? Start a video-game network.
The founders of VENN, a video-game television network that aspires to be MTV for the gamer generation, say they will move up their planned launch from September to July because more Americans are staying home.

Washington Post Business
Apr 08, 2020

Wall Street poised for a rebound after volatile session
Dow futures jumped 300 points amid competing coronavirus developments on the public health and economic fronts.

Washington Post Business
Apr 08, 2020

To work from home, people are recreating the office
Sales are surging for office furniture and electronics as stay-at-home mandates compel Americans to turn spare bedrooms and kitchen tables into work spaces.

Washington Post Business
Apr 08, 2020

Trump expects quick economic comeback from coronavirus, but China's incomplete recovery hints at long-lasting problems
President Trump has said he envisions a V-shaped rebound from the recession's depths, but the damage could drag into 2021.

Washington Post Business
Apr 08, 2020

Redfin reduces agents by nearly half, cuts total workforce by 7%
With the pandemic crippling the housing market, the online brokerage will furlough 41 percent of its agents starting Friday.

Washington Post Business
Apr 08, 2020

Big banks took "free money' in 2008. They're turning their backs now on small businesses, SBA official says
In a recent webinar the SBA Nevada district director Joseph Amato responded to growing frustration over large banks' reluctance to quickly offer small business loans under a federally-subsidized loan program.

Washington Post Business
Apr 08, 2020

Getting a small-business loan under the $349 billion aid bill
The recently passed $2 trillion coronavirus aid package includes nearly $350 billion for small-business loans.

Washington Post Business
Apr 08, 2020

Commercial fishing industry in free fall as restaurants close, consumers hunker down and vessels tie up
The U.S. commercial fishing fleet is tied up dockside, and sales are off as much as 95 percent. Many fisheries won't survive.

Washington Post Business
Apr 07, 2020

Dow gives up more than 900 points as stock rally fizzles out
The three major U.S. indexes end nearly flat, unable to sustain Monday's explosive surge.

Washington Post Business
Apr 07, 2020

As shortage worsens, federal officials ask agencies to donate spare medical supplies
Red tape and communication problems are slowing down donations of unused masks and gear from federal agencies. "Everyone is having the same problem," one official said.

Washington Post Business
Apr 07, 2020

China's halting economic recovery offers sobering lessons
President Trump has said he envisions a V-shaped rebound from the recession's depths, but the damage could drag into 2021.

Washington Post Business
Apr 07, 2020

3M will import masks from China for U.S. to resolve dispute with Trump administration
3M said its new deal with the Trump administration to provide the United States with masks from China "will also enable 3M to continue sending U.S. produced respirators to Canada and Latin America, where 3M is the primary source of supply."

Washington Post Business
Apr 07, 2020

Retailers employ millions. But the government's rescue could leave out some of the biggest names.
The Fed has set up two programs in response to the coronavirus crisis that will support lending billions to big companies. But only firms deemed the most stable are allowed to participate.

Washington Post Business
Apr 07, 2020

If you can't pay your mortgage, here's what you need to know
The Cares Act was supposed to help homeowners who can't pay their mortgages — but they could still be on the hook for big lump sum payments. Some lenders haven't put the newer, more generous terms in place yet.

Washington Post Business
Apr 06, 2020

Boeing to close production facilities in S.C.
The Chicago-based aerospace giant announced Monday that it would indefinitely halt operations at a South Carolina factory that produces 787 passenger jets.

Washington Post Business
Apr 06, 2020

Dow surges 1,600 points as U.S. braces for ‘hardest' week
The Dow Jones industrial average, the Standard & Poor's 500 index and the Nasdaq composite all skyrocketed more than 7 percent Monday.

Washington Post Business
Apr 06, 2020

Why does Trump call an 86-year-old unproven drug a game-changer against coronavirus?
The medical community says there is still not enough evidence that hydroxychloroquine is effective against the novel coronavirus. And it has some dangerous side effects — including the elevated risk of heart attack in certain patients.

Washington Post Business
Apr 06, 2020

3M will import masks from China for U.S. to resolve dispute with the Trump administration
3M said its new deal with the Trump administration to provide the U.S. with masks from China "will also enable 3M to continue sending U.S. produced respirators to Canada and Latin America, where 3M is the primary source of supply."

Washington Post Business
Apr 06, 2020

Entrepreneur starts fund to help Va. businesses until federal aid arrives
Pete Snyder, a potential contender for governor in 2021, and his wife have provided $100,000 in seed money.

Washington Post Business
Apr 06, 2020

Jeffrey Katzenberg on his new Quibi venture: We're ‘proud to be doing something that can lift spirits'
Katzenberg talks to The Washington Post about launching Quibi amid the coronavirus pandemic.

Washington Post Business
Apr 06, 2020

Oil and mining companies should disclose what they pay, the law says. Critics say the SEC is undermining it.
The Securities and Exchange Commission is trying for the third time to craft a rule requiring transparency by oil and mining companies. Critics say it's unacceptably toothless and not in keeping with an 11-year-old law.

Washington Post Business
Apr 06, 2020

Grocery workers are beginning to die of coronavirus
At least four people - who had worked at Walmart, Trader Joe's and Giant - have died from covid-19 in recent days, raising questions about whether supermarkets will be able to hire enough new workers to keep their operations running.

Washington Post Business
Apr 06, 2020

Small businesses worry $349 billion emergency lending program isn't big enough
The program got off to a rocky start with the Treasury Department and Small Business Administration failing to release a final version of the rules until hours before the emergency fund launched.

Washington Post Business
Apr 06, 2020

Some companies are cutting 401(k) matches because of the coronavirus
Even if your company decide to cut matches — and many companies say they will continue — you should continue to contribute. Just think of the match as a bonus.

Washington Post Business
Apr 06, 2020

Tesla unveils ventilator prototype made with car parts on YouTube
Elon Musk's electric car company gave no indication of when patient-ready projects could be completed.

Washington Post Business
Apr 06, 2020

Why many ‘essential' workers get paid so little, according to experts
There are four key reasons, economists say, including an entrenched power differential.

Washington Post Business
Apr 06, 2020

Why does Trump call an 86-year-old unproven drug a game changer against coronavirus?
The medical community says there is still not enough evidence that hydroxychloroquine is effective against the novel coronavirus. And it has some dangerous side effects — including the elevated risk of heart attack in certain patients.

Washington Post Business
Apr 06, 2020

U.S. airlines want a $50 billion bailout. They spent $45 billion buying back their stock.
Yes, we should bail out the airlines. But we should give taxpayers a handsome return on their loan.

Washington Post Business
Apr 06, 2020

Underfunded, understaffed and under siege: Unemployment offices nationwide are struggling to do their jobs
Out of work, and soon to be out of cash, millions of Americans have flooded unemployment offices at a record rate -- only to discover their local governments are unprepared for the unprecedented strain.

Washington Post Business
Apr 06, 2020

Private-equity industry angles for a piece of stimulus windfall
The rush of behind-the-scenes jockeying by the powerful financial sector has put a spotlight on the numerous ties between wealthy industry figures and President Trump and his family.

Washington Post Business
Apr 06, 2020

Dow surges 1,600 points even as U.S. braces for ‘hardest' week of coronavirus crisis
The Dow Jones industrial average, the Standard & Poor's 500 index and the Nasdaq composite all skyrocketed more than 7 percent Monday.

Washington Post Business
Apr 05, 2020

Americans hit by economic shocks as confusion, stumbles undermine Trump's stimulus effort
Small businesses say they can't get money. Consumers complain of help lines never picking up. And some quick reversals by policymakers are causing some confusion.

Washington Post Business
Apr 05, 2020

What the $2 trillion coronavirus bailout is really going to cost
Americans will pay the price of the economic rescue package: Not in higher taxes to service the debt, or in a reduced standard of living due to inflation, but in a slide towards a boom-and-bust economy.

Washington Post Business
Apr 05, 2020

Undocumented workers among those hit first — and worst — by the coronavirus shutdown
Undocumented immigrants make up roughly 5 percent of the labor force, but are more likely to be hit first — and worst — by the economic shutdown to contain the coronavirus.

Washington Post Business
Apr 05, 2020

A New York City taxi driver kept working to pay bills. Now he and his family are sick
Taxi drivers are on the front lines of taking covid-19 patients to hospitals. As cabbies get ill, they can't pay their bills, including the hefty fees to keep their taxis.

Washington Post Business
Apr 05, 2020

Ford and GM are undertaking a warlike effort to produce ventilators. It may fall short and come too late.
Inside the auto giants' efforts to build prototypes and revamp factories to produce tens of thousands of ventilators in time for covid-19 patients.

Washington Post Business
Apr 05, 2020

The latest to release quarantine-era entertainment? Louis C.K.
The embattled comedian attempts a comeback

Washington Post Business
Apr 04, 2020

Rent, mortgage, car loans, utilities and child support. The other bills can wait.
During the coronavirus pandemic, the National Consumer Law Center is offering free digital access to its guide for getting out of financial trouble.

Washington Post Business
Apr 04, 2020

Ford and GM are undertaking a warlike effort to produce ventilators. It may fall short and come too late
Inside the auto giants' efforts to build prototypes and revamp factories to produce tens of thousands of ventilators in time for covid-19 patients.

Washington Post Business
Apr 04, 2020

A taxi driver kept working to pay bills. Now he and his family are ill.
Taxi drivers are on the front lines of taking covid-19 patients to hospitals. As cabbies get ill, they can't pay their bills, including the fees to keep their taxis.

Washington Post Business
Apr 04, 2020

Restaurants step up to feed hospital workers on the pandemic's front lines
The effort is driven by twin instincts: to help those putting their lives at risk and to keep restaurant workers employed and businesses afloat.

Washington Post Business
Apr 04, 2020

White House scrambles to scoop up medical supplies worldwide, angering Canada, Germany
German officials even accused the U.S. of piracy over a shipment of masks officials claimed was diverted to the U.S. in Thailand.

Washington Post Business
Apr 03, 2020

With hand sanitizer and elbow bumps, real estate agents are still selling during pandemic
Not even the coronavirus can stop open houses, in-house inspections and in-person closings.

Washington Post Business
Apr 03, 2020

U.S. jobless rate jumps to 4.4 percent in March, but much worse lies ahead for workers
The most recent surge in unemployment claims came too late to be counted in this government report.

Washington Post Business
Apr 03, 2020

This week's awful jobs numbers, in perspective
There are more unemployed people in the United States right now than at the Great Recession's apex.

Washington Post Business
Apr 03, 2020

Thousands flood banks as federal small-business loan program begins
Some banking officials have warned that the abbreviated review process ? which allows borrowers to attest to their own eligibility without the government's approval ? will make the program a magnet for fraud.

Washington Post Business
Apr 03, 2020

Perspective: Need cash now? Here are some options, with pros and cons.
Even at a time of financial crisis because of the coronavirus, you do have a number of options. Here's a guide to help find the right one.

Washington Post Business
Apr 03, 2020

Retailers furloughed nearly 1 million workers this week. But the industry's troubles are just beginning.
Analysts say at least 15,000 stores, including some well-known brands, are likely to close permanently.

Washington Post Business
Apr 03, 2020

The past two weeks wiped out all the economy's job gains since 2016 election
Economists warn it could take years to recover from the coronavirus recession, especially for millions of laid off workers.

Washington Post Business
Apr 02, 2020

The Technology 202: State unemployment websites are crashing amid record number of claims
The websites are ill-equipped to handle the drastic economic downturn from coronavirus.

Washington Post Business
Apr 02, 2020

Richard Branson Wants a Virgin Atlantic Bailout. Really?
Virgin Atlantic employs 8,500 people, so some help is warranted. But why provide state loans or guarantees when its wealthy owners could do more?

Washington Post Business
Apr 02, 2020

The companies that are pledging not to lay off workers amid the coronavirus unemployment crisis
A record 6.6 million Americans applied for unemployment benefits last week. But some companies pledged to hold off on job cuts, and are offering workers a financial cushion.

Washington Post Business
Apr 02, 2020

Over 10 million Americans applied for unemployment benefits in March as economy collapsed
Job losses have skyrocketed as restaurants, hotel, gyms, and travel have shut down across the nation, but layoffs are also rising in manufacturing, warehousing and transportation.

Washington Post Business
Apr 02, 2020

Goldman Sachs CEO says it won't take a company public without diversity on its board
The new policy starts this summer, and will increase to two directors in 2021.

Washington Post Business
Apr 02, 2020

Goldman Sachs Has a Point on Credit Recovery, But Be Very Careful
The bank's analysts say the worst of the widening of credit spreads may be over for high-grade issuers. But this doesn't apply to everyone.

Washington Post Business
Apr 02, 2020

How Did Oxy's Bosses Get Paid a Bonus?
There's a yawning gap between oil E&P sector compensation and performance.

Washington Post Business
Apr 02, 2020

How the Fed's Swap Lines Aim at Dollar Funding Stress
A global run on the U.S. dollar triggered by the coronavirus pandemic is once again prompting the Federal Reserve to step in as the lender of last resort for investors and companies scrambling for dollars. The Fed enhanced the existing dollar-liquidity swaps it offers foreign central banks and established new ones as part of sweeping emergency measures unleashed to ease a shortage of greenbacks. The idea is to help companies seeking to either raise cash or repay loans and alleviate pressure on c

Washington Post Business
Apr 02, 2020

Mortgage rates tumble as lenders face increasing difficulties
With the 30-year fixed-rate average sinking near its all-time low, lenders are struggling to keep up with the high volume of refinances and costly margin calls.

Washington Post Business
Apr 02, 2020

Boeing's crisis is largely of its own making
Giving Boeing a bailout in the coronavirus crisis rewards a company with a long history of acting in the interest of its directors and shareholders, not the public.

Washington Post Business
Apr 02, 2020

Boeing offers employees buyouts as U.S. economy shudders
The Chicago-based aerospace giant has been hit especially hard by the coronavirus and its related economic shocks.

Washington Post Business
Apr 02, 2020

Distinguished homes for sale in the D.C. region
The Washington Post's picks of distinguished local homes on the market.

Washington Post Business
Apr 02, 2020

Trump says Saudis and Russians will not hike oil production, and price jumps
The president said he had talked with Russian and Saudi leaders this week and expects them to call off their price war.

Washington Post Business
Apr 02, 2020

U.S. stocks jump on word that Saudi Arabia, Russia will significantly cut oil output
Wall Street reverses losses stemming from a dismal jobs report showing a record 6.6 million Americans filed for unemployment benefits.

Washington Post Business
Apr 02, 2020

U.S. stocks tank as bleak news mounts on health, economic fronts
The Dow slid nearly 1,000 points coming off its worst first quarter ever.

Washington Post Business
Apr 02, 2020

When God Appears in Contracts, That's ‘Force Majeure': QuickTake
The coronavirus crisis has given new relevance to the legal term "force majeure." It's a clause that can be found buried in many contracts that lets a party off the hook in the event of some unforeseen "act of God." After much of the world's economy temporarily shut down due to the pandemic, companies began invoking force majeure to reject supplies they say they don't need or to get out of leases they say they can't afford.

Washington Post Business
Apr 02, 2020

Will Airbnb Become Obsolete After the Coronavirus?
The world's most-visited cities are deserted. When the virus passes, they will be durably changed.

Washington Post Business
Apr 02, 2020

Federal officials scramble to ensure tech glitches, bureaucracy don't delay $1,200 coronavirus checks
The $2 trillion law signed by the president last week calls for payments to be made "as rapidly as possible," as the Trump administration looks to put much-needed cash in the hands of an estimated 150 million Americans. But the Treasury Department's ability to meet that congressional mandate hinges on a series of systems it is still bringing online.

Washington Post Business
Apr 02, 2020

Giant Funds Are a Model for the Post-Coronavirus Future
Sovereign wealth funds would be a simple way for governments to attach strings to Covid-19 state aid, while ensuring they can influence corporate policy for the future.

Washington Post Business
Apr 02, 2020

Employers are adding high-tech solutions to solve a low-tech problem: Getting more sleep
Some employers are shifting from simply talking about better sleep — or giving employees tools to track it — to helping them with what to do about it.

Washington Post Business
Apr 02, 2020

Data shows we've found a new normal. That doesn't mean we've hit bottom.
Don't look now, but it seems like activity has settled into a new routine.

Washington Post Business
Apr 02, 2020

Desperate families struggle to get experimental treatments for coronavirus
Two unproven treatments didn't save the ICU patient. The family wants to try a third, Gilead's remdesivir but can't get it.

Washington Post Business
Apr 02, 2020

Disrupting the political landscape, one donation at a time
Christopher Tavlarides is intent on transforming Prytany and Crowdpac platforms into the "Venmo of politics."

Washington Post Business
Apr 02, 2020

At the population level, the coronavirus is almost literally everywhere
More than 6 in 10 Americans live in a county where people have died from the coronavirus, and about 95 percent live in one that has reported at least one case.

Washington Post Business
Apr 02, 2020

Can my employer force me to go to work?
The coronavirus pandemic has raised all sorts of workplace issues. Some new federal protections may be able to help.

Washington Post Business
Apr 02, 2020

Amazon sellers evade automated detection by placing 'coronavirus' in product images
Amazon uses automated detection tools to search its listings for use of "coronavirus" and "COVID-19." But those tools won't detect words in a product image.

Washington Post Business
Apr 02, 2020

Amazon vowed to crack down on coronavirus profiteering. Some sellers have figured out loopholes.
Some third-party merchants on Amazon are putting claims that their goods prevent the coronavirus in product images to bypass Amazon's detection.

Washington Post Business
Apr 02, 2020

Another 5 Billion Reasons to Walk Away From WeWork
The appeal of closely shared office space will be a coronavirus casualty. SoftBank must stop this bailout.

Washington Post Business
Apr 02, 2020

Mask or No Mask? This Is What the Virus Experts Say
As the Covid-19 pandemic has unfolded, authorities in different places have said different things about whether healthy people should go around wearing face masks to protect themselves. Officials in China, Hong Kong and Taiwan have recommended it in crowded places such as buses or subway cars. A handful of countries in eastern Europe have mandated mask wearing in public. Experts at the World Health Organization have said there's no such need. Those in the U.S. started out with that position but

Washington Post Business
Apr 02, 2020

Mass school closures in the wake of the coronavirus are driving a new wave of student surveillance
Colleges are racing to sign deals with "online proctor" companies that watch students through their webcams while they take exams. But education advocates say the surveillance software forces students to choose between privacy and their grades.

Washington Post Business
Apr 02, 2020

It's April 1 — here's what you need to know about paying your rent or mortgage
The $2 trillion economic rescue legislation passed by Congress last week prohibits rental evictions for 120 days on properties secured with a government-backed mortgage. That covers about half the market for multifamily properties, according to the National Multifamily Housing Council.

Washington Post Business
Apr 02, 2020

How to get a small business loan under the $349 billion aid bill
The recently passed $2 trillion coronavirus aid package includes nearly $350 billion for small business loans. Here's how your small business can receive assistance.

Washington Post Business
Apr 02, 2020

How to make your open-space home feel cozy
TOWN SQUARE | Decorative fixtures such as pendants over the kitchen island, a chandelier over the dining table and sconces in the living room will help draw your eye to each area, while also providing appropriate task lighting.

Washington Post Business
Apr 02, 2020

I Manage Money for a Living. Here's What I'm Telling My Clients.
Despite the impulse to do something, the best strategy truly is often to just sit tight.

Washington Post Business
Apr 02, 2020

Herbs. Silver. Salt. Toothpaste. As coronavirus fears rise, marketers pitch remedies.
The Federal Trade Commission is receiving hundreds of complaints a day related to coronavirus scams.

Washington Post Business
Apr 02, 2020

How coronavirus grounded the airline industry
Tens of thousands of flights have been canceled since the outbreak spread beyond China in January.

Washington Post Business
Apr 02, 2020

One Tampa Bay restaurant group is doing what it must to save the family business. It may not be enough.
As the coronavirus upends daily life, restaurateurs around the country are paring away everything except the essentials, hoping to stay in business.

Washington Post Business
Apr 02, 2020

Report: ‘Zombie homes' — vacant properties awaiting foreclosure — slightly rise across the U.S.
TOWN SQUARE | The states with the highest zombie foreclosure rates included Ohio, Indiana, Illinois, Oklahoma and Maryland.

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