Subscribe to Outbreak, a daily roundup of stories on the coronavirus pandemic and its impact on global business, delivered free to your inbox. The rollout of the Small Business Administration’s Paycheck Protection Program has been chaotic already, and some regional and community banks are concerned about running short on money. The SBA package currently totals […]
Stay home. As COVID-19 spreads, that’s the advice stressed by epidemiologists racing to combat the virus, who have implored Americans to avoid all nonessential travel and limit all person-to-person interactions. “Social distancing,” it seems, is our new normal—at least for now. Though it can be challenging to look for silver linings in times as tumultuous […]
Subscribe to Fortune’s Outbreak newsletter for a daily roundup of stories on the coronavirus and its impact on global business. You could say that conversation is key for George Chen. The Los Angeles-via-Oakland comic is a jack of all trades who currently works in podcast content operations at streaming service Pandora, co-hosts a podcast of […]
Pro athletes are expected to endure financial losses as the sports industry remains paused due to the coronavirus pandemic.
New Jersey Gov. Phil Murphy on Saturday announced an executive order to cut capacity on all transit systems by half, and asked all passengers to wear face coverings.
The moves go beyond anything the Fed during the financial crisis in 2008-09, both in scope and speed.
President Donald Trump approved a disaster declaration for Wyoming on Saturday, which comes 22 days after the first disaster declaration in New York, the epicenter of the coronavirus.
Less than 24 hours after the Treasury Department formally extended cash grant offers to the six largest airlines in the U.S., the union representing 120,000 flight attendants is blasting the move with a dire warning.
Corporate rescue this time may also involve a rewriting of accounting rules to encourage deleveraging, so that bailouts are needed less often and are less costly. Industrial losses may need to be socialized en masse to get displaced workers back on the job and prevent the global economy from spiraling into depression.