rose by 562 in 24 hours to more than 2,900
for its biggest increase to date. Cuomo added the curve of confirmed cases "continues to go up," noting there are now over 100,000 cases in the state. U.S. payrolls fell by 701,000 in March, marking the worst jobs report since 2009, while the unemployment rate jumped to 4.4%. Bottom line, investors are bracing for even more grim news on the virus and the economy.
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Mnuchin says small business rescue loans launch Friday, despite lender confusionU.S. Treasury Secretary Steven Mnuchin said he was pressing ahead with the Friday launch of a $349 billion coronavirus rescue loan program for small businesses, after conceding to bank demands to fix aspects of the program that they said could cause participating lenders legal and financial risks. That’s not going to happen says the 4 banks! Funny how in the US provided loans are paying staff they will be forgiven. Here they have no interest limits. Banks first people irrelevant just as always.
Source: Reuters - 🏆 2. / 97 Read more »