Talking Biz News Today — April 14, 2020

Some of Tuesday’s top business news stories: Associated Press New Trump panel to explore path to reopening US economy, by Jonathan Lemire, Kevin Freking, Aamer Madhani Government loans start flowing to small businesses, by Joyce M. Rosenberg CNN Amazon is hiring 75,000 more workers to keep up with demand during pandemic, by Kaya Yurieff Farmers […]

Talking Biz News Today — April 13, 2020

Some of Monday’s top business news stories: Associated Press US restaurants turn to grocery sales to help offset losses, by Jim Salter OPEC, oil nations agree to nearly 10M barrel cut amid virus, by Jon Gambrell, Ellen Knickmeyer CNN GM, Ford and Chrysler are in survival mode, by Chris Isidore How bad will earnings be? […]

Smithfield shuts down pork plant, warns of grocery shortages

Smithfield said it will shut down a pork processing plant for the observable future amid a Covid-19 outbreak among workers and warned the U.S. may be coming close to grocery shortages. Tom Polansek reported the news for Reuters: Smithfield Foods, the world’s biggest pork processor, said on Sunday it will shut a U.S. plant indefinitely […]

Talking Biz News Today — April 10, 2020

Some of Friday’s top business news stories: Associated Press US gig workers and self-employed face delays in jobless aid, by Christopher Rugaber Record 16.8 million have sought US jobless aid since virus, by Christopher Rugaber CNN The Fed just unleashed another $2.3 trillion to support the economy, by Paul R. La Monica New listings for […]

Fed pours $2.3 trillion into U.S. economy

The Federal Reserve will buy $2.3 trillion worth in debt to support the U.S. economy. Martin Crutsinger reported the news for the AP: The Federal Reserve unleashed a new series of moves Thursday to try to make loans available to states, localities and companies that have been hard hit by the coronavirus. In doing so, […]

Fed lifts asset cap on Wells Fargo so it can lend to small businesses

The Federal Reserve has temporarily lifted a $10-billion asset cap on Wells Fargo so it can continue providing emergency loans to small businesses hit by the coronavirus crisis. Matt Egan reported the news for CNN: The Federal Reserve is temporarily letting Wells Fargo out of the penalty box, freeing the troubled bank to aggressively lend […]

Talking Biz News Today — April 9, 2020

Some of Thursday’s top business news stories: Associated Press Virus casts a dark cloud over once-thriving home market, by Michael Casey, Alexandra Olson Fed eases limit on Wells Fargo to make more small biz loans, by Ken Sweet CNN Restaurants are transforming into grocery stores because of coronavirus, by Danielle Wiener-Bronner Millions of jobs are […]

Tesla cuts salaries, furloughs workers

Tesla has told employees it would cut salaries by 10-30% and furlough workers as Covid-19 cripples demand for cars. Tina Bellon reported the news for Reuters: Tesla Inc (TSLA.O) told employees on Tuesday it would furlough all non-essential workers and implement salary cuts during a shut down of its U.S. production facilities because of the […]

Talking Biz News Today — April 8, 2020

Some of Wednesday’s top business news stories: Associated Press Computer issues at SBA said to hold up small business loans, by Ken Sweet, Joyce M. Rosenberg Twitter’s Dorsey sets up $1B fund; consumers get some breaks CNN WeWork sues SoftBank for bailing on $3 billion share buyout agreed to in October, by Sherisse Pham Amazon […]

Talking Biz News Today — April 7, 2020

Some of Tuesday’s top business news stories: Associated Press After virus fades, service industries may be changed forever, by Paul Wiseman, Anne D’Innocenzio Online grocery services struggle to meet spike in demand, by Kelvin Chan CNN Jamie Dimon predicts a ‘major recession’ is on its way, by Paul R. La Monica Auto insurance companies return […]