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White House Adjusts Rules to Encourage More Loans for Tiny Businesses: Live Updates To help tiny companies, the Biden administration adjusts the rules for pandemic loans. · Dominion sues Mike Lindell, the MyPillow chief, over election fraud claims. · Tesla's wager on Bitcoin is paying off. · Coronavirus cases are falling and the vaccine push is ...
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Recovery bets drive dollar to fresh lows TOKYO/SINGAPORE (Reuters) - The U.S. dollar was sold to multi-year lows against sterling and the Australian and New Zealand currencies on Monday, as investors cheered vaccine progress and wagered on the pandemic recovery bringing a global trade ...
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Oil Surges as Investors Bet Commodity Demand to Take Off Futures in London jumped 3.7% on Monday, its largest daily gain since early January, as a range of bullish calls and upward revisions to price forecasts boosted optimism over oil demand. Goldman Sachs Group Inc. sees Brent reaching $75 a barrel as ...
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Dollar slides on improving European, UK economic outlooks, commodities bounce NEW YORK (Reuters) - The U.S. dollar resumed its slide on Monday and reached multi-year lows against the British pound and the Australian dollar as traders focused on the promise of coronavirus vaccinations and the outlooks for economic growth and ...
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Dollar slips on improving European, UK economic outlooks, commodities bounce NEW YORK/LONDON (Reuters) - The U.S. dollar resumed its slide against major currencies and reached multi-year lows against the British pound and the Australian dollar on Monday, as traders focused on whether coronavirus vaccinations, economic ...
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After 50% April Staff Cut, Toast Aiming For $20B IPO What kind of challenges has the pandemic foisted on the business world? It would be hard to find a better case study than Toast, a Boston-based restaurant software provider. In February 2020 Toast raised $400 million at a valuation of $4.9 billion.
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Yellen Favors Higher Company Tax, Signals Capital Gains Worth a Look Treasury Secretary Janet Yellen said President Joe Biden favors boosting taxes on companies, and signaled openness to considering raising rates on capital gains, while steering clear of a wealth levy. "A wealth tax has been discussed but is not something ...
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Oil extends rally as output slow to recover from Texas storms NEW YORK (Reuters) - Oil prices gained about 3% on Monday, driven by the expected slow return of U.S. crude output after last week's deep freeze in Texas shut in production. FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the ...
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Why Top Economists Are Citing a Higher-Than-Reported Jobless Rate The official rate stood at 6.3 percent in January, but using an expanded metric, Fed and Treasury officials say it's closer to 10 percent.
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Fraud Checks and Errors Slow Small-Business Relief Loans The renewed Paycheck Protection Program has disbursed $134 billion this year, but many applicants have had to wait weeks for lenders to resolve problems.
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