Millions of small business owners have not received government loans under the CARES Act. Many are bootstrapping, crowdfunding and deferring mortgage payments to stay afloat.
The CARES Act provides relief measures for cash-strapped borrowers, including breaks on mortgages and student loan payments. But it will take firm federal oversight to ensure consumers benefit, said consumer advocate Richard Cordray, former director of the CFPB.
The price action of high-yield corporate bonds will signal to investors when the bear market triggered by the coronavirus pandemic is truly at its bottom, according to Longview Economics.
Cosmetics maker Coty said it had agreed to sell a majority stake in its professional beauty and retail hair businesses, including Wella and Clairol brands, to investment firm KKR in a deal valued at $4.3 billion.
Thousands of visitors streamed into Shanghai Disneyland on Monday for the first time in three months as the Chinese park became the first reopened by Walt Disney after the coronavirus pandemic brought the Magic Kingdom to a standstill.
China could find itself having to write off massive loans as countries that owe Beijing money under its massive infrastructure project struggle with mounting debts.
Comedy veteran Jerry Stiller, who launched his career opposite wife Anne Meara in the 1950s and reemerged four decades later as the hysterically high-strung Frank Costanza on the smash television show "Seinfeld," died at 92, his son Ben Stiller announced Monday.
India reported 4,213 new coronavirus cases in the last 24 hours to bring its tally of confirmed infections to 67,152, according to the latest data by the health ministry.
Chinese foreign ministry spokesman Zhao Lijian told reporters during a daily briefing in Beijing that China deplores and rejects the U.S. move, which Zhao called an escalation of suppression against Chinese media.