Light at the end of the tunnel?

U.S. Economy

President Trump Looking for Ways U.S. Economy Can Be Reopened

Treasury Secretary Steven Mnuchin revealed during a FOX Business interview that the President is considering ways for the country’s economy to reopen. "The president is very much looking at how we can reopen parts of the economy," Mnuchin told FOX Business' Maria Bartiromo. "There are parts of the country, like New York, where obviously this is very, very concerning. There are other parts of the country where it’s not."

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Auto Industry

Ford Makes 1 Million Face Shields in 13 Days

Back on March 19, the Mayo Clinic set out an alert of their need for face shields. Ford executives responded with a plan to address the personal protective equipment shortage. Within hours, the automaker pivoted from making cars to manufacturing medical devices. This has generated tens of thousands of protective face shields for doctors, nurses and first responders as they continue to battle the pandemic in the U.S. 

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Small Business

Lenders & Small Businesses Criticize Delays with Coronavirus Relief Program

Mom and Pop enterprises were grateful when Congress passed a $349 billion loan program for small businesses as part of the Trump administration’s response to the coronavirus crisis. But so far, many who are counting on the relief program are frustrated by the confusing hoops and red tape they are forced to go through to apply.

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Airline Industry

U.S. Airlines Want a $50 Billion Bailout

The “Big Four” airline companies—United, Delta, American and Southwest—are going to get a big chunk of stimulus money. Most economists agree that’s a done deal…what is not so well known is that these major airlines sent $45 billion to Wall Street over the past five years to keep shareholders happy. So now, a $50 billion airline bailout package is being proposed

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Tech Startups

Venture Capital-Backed Startups Fear Small Business Stimulus Won’t Reach Them

A portion of the $2 trillion stimulus bill to ease the harsh economic effects from the coronavirus crisis includes loans to businesses with 500 or fewer employees. However, venture backed startups may not be included due to “affiliation” rules.

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Stock Market

These Stocks Made the Biggest Move on Tuesday

Kohl’s shares surged 202% as investors celebrated a decline in new coronavirus cases. Four other brands in the retail sector saw big gains, along with companies in several other industries.

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Real Estate

Surge of Americans Putting Off Mortgage Payments

Due to the financial stress Americans are feeling since the coronavirus crisis wreaked havoc on the economy, people are taking advantage of available relief measures and putting a pause on their mortgage payments. New data from the Mortgage Bankers Association show the total number of loans in forbearance increased to 2.66% from 0.25 percent between March 2 and April 1. Forbearance requests grew by 1,270% during the first half of March, and another 1,896% during the latter half of the month.

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Economic Shutdown

‘Big Short’ Investor Makes Controversial Statement On Coronavirus Economic Shutdown

Michael Burry, who made a name for himself by making a timely bet against mortgage securities ahead of the 2008 financial crisis, recently made some shocking statements about the current pandemic and the resulting shutdown of the economy. “Universal stay-at-home is the most devastating economic force in modern history And it is man-made.” That’s not all Burry said.

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