Public companies received $1 billion in stimulus funds meant for small businesses

the funds, saying the loans had been awarded according to the program’s rules and that they would use most of it to pay workers, as required, in order for the loans to be forgiven.

Officials have urged publicly traded firms with access to other capital to return the money by May 7. Mnuchin said this week that all loans of more than $2 million“I want to be very clear it’s the borrowers who have criminal liability if they made this certification," of being a small business he said on CNBC.The Small Business Administration has refused to release the names of companies that have received the loans, despite having released such information on its loan programs for years.

“some” is doing some real heavy lifting

America’s billionaires wealth rose more in the last 3 weeks than then they accumulated in the last 30 years leaving some hungry and destitute.

Under the Trump regime, the rich get richer.

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Oil and gas companies set to lose $1 trillion in revenues this yearThe energy sector is shrinking so dramatically that it's become the second-smallest group in the whole S&P index. Only cure for Low Prices is Low Prices. It is going to hurt, tho. Don’t care. They can dig into all the profit from years of doing so well. I guess we won’t be able to produce the gas guzzlers Trump wants after all.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »