Markets

‘We’re done providing free money from the sky’: Shark Tank investor Kevin O’Leary says next stimulus should not include any aid to businesses

Shark Tank star Kevin O’Leary says any further fiscal stimulus should not include PPP aid to businesses. The stimulus should include unemployment insurance for workers who will be displaced if their businesses shut down, the investor added. O’Leary said Monday’s massive stock rally on news of a 90% effective coronavirus […]
‘We’re done providing free money from the sky’: Shark Tank investor Kevin O’Leary says next stimulus should not include any aid to businesses
News

Inside a Bay Area family’s struggle to save their company during the coronavirus outbreak, as big businesses like Shake Shack beat them to government loans

The Elzarka family has owned Beninni, a men’s formal wear store in Hayward, California, for 30 years. The shop was forced to shut down in the coronavirus lockdown, and has tried and failed to get government assistance loans through the coronavirus relief package. Shady Elzarka, whose dad founded the store, […]
Inside a Bay Area family’s struggle to save their company during the coronavirus outbreak, as big businesses like Shake Shack beat them to government loans
Strategy

PRESENTING: How big banks decided the futures of America’s small businesses: The inside story of how $349 billion in government cash was doled out in just 12 days, leaving thousands of entrepreneurs without relief

As the second round of Payroll Protection Program funding gets underway, Main Street’s outlook is grim: JPMorgan is already telling customers to look elsewhere if they want to join the queue for the fresh round. And Bank of America told staff that it is “widely recognised that it will likely […]
PRESENTING: How big banks decided the futures of America’s small businesses: The inside story of how $349 billion in government cash was doled out in just 12 days, leaving thousands of entrepreneurs without relief