The Paycheck Protection Program or PPP provides federally-backed forgivable loans to businesses whose revenues may be impacted by the COVID-19 crisis. According to the Center for Responsible Lending, little of the $659 billion fund has made it to Latino and…
By Stan Choe, Associated Press
The S&P 500 was down 0.9% in midday trading, though it pared its loss through the morning after being down 2.5% earlier.
The number of weekly jobless claims is the lowest since the economic shutdown began in March, but it remains far above what the U.S. has experienced during other financial crises. Jerome Powell, chairman of the Federal Reserve, said earlier this…
By Michael Rubinkam, Associated Press
Local officials in smaller cities and counties that were cut off from the $2 trillion coronavirus relief package passed by Congress in late March are now pleading for a massive cash infusion from the federal government to help them stave…
In our news wrap Friday, worldwide deaths from COVID-19 neared 400,000, with more than quarter of those occurring in the U.S. The World Health Organization called for widespread use of face masks amid “evolving evidence” they can help reduce transmission.
By Student Reporting Labs
For many high school seniors, the future holds endless potential and multiple unknowns. That may be more true now than ever as society adjusts to the new realities of living under a global pandemic. PBS NewsHour Student Reporting Labs reached…
By Martin Crutsinger, Associated Press
Businesses across the country surveyed by the Federal Reserve don’t appear to share the Trump administration’s optimism about a rapid economic recovery starting this summer.
By Christopher Booker
More than 38 million Americans have filed for unemployment since March, though the passage of the CARES Act has for now helped alleviate some of the financial fallout. But buried in the landmark legislation, there is also financial support for…
By Christopher Booker
Like so many neighborhoods in America, Chicago's West Town has been largely shut down due to the coronavirus. But photographer Candice Cusic hopes she can put a face in front of the closed doors and dark windows of her neighborhood.
By Melanie Saltzman, Laura Fong
Iowa is the largest producer of pork and corn in the U.S. As many meat processing plants shut their doors due to COVID-19, demand for pigs plummeted. The effects have trickled down the supply chain to the farmers who raise…
Support Provided By: Learn more
Subscribe to Making Sen$e
Our newsletter about all things business, economics and your money