Small businesses have ‘a million questions’ about paycheck relief loan as applications come due

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Small businesses have ‘a million questions’ about paycheck relief loan as applications come due


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As the SBA prepares to start accepting applications for payroll relief loans on Friday, business owners are confused about the program’s details.

US jobless claims could soon exceed 8 million, economist projects

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The number of weekly unemployment claims filed in the U.S. could soon exceed 8 million as the fallout from widespread shutdowns amid the coronavirus pandemic continues to worsen, one economist told CNBC on Friday.

These states could be hit with the biggest jobs losses from the coronavirus pandemic

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When the Coronavirus pandemic eventually subsides, the economic impact will be felt unevenly from one part of the country to another. The regions feeling the biggest impact may also see the fastest growth when they recover, according to an analysis Wednesday from IHS Markit. Here are state by state job loss projections from the analysis:

Coronavirus effect could be ‘far deeper than the subprime crisis,’ says mortgage company CEO

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Coronavirus effect could be ‘far deeper than the subprime crisis,’ says mortgage company CEO


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For most mortgage borrowers, the first of the month is payment day. This month,on however, is a very different story. Millions of borrowers have either lost jobs or income, and are suddenly struggling to make those monthly payments.

March’s ISM manufacturing index is 49.1, signaling contraction as coronavirus hits economy

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March’s ISM manufacturing index is 49.1, signaling contraction as coronavirus hits economy


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U.S. manufacturing activity contracted in March as the coronavirus outbreak continues to pressure the economy, data released Wednesday by the Institute for Supply Management showed.