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City of Atlanta receives $88 million in federal CARES Act funding
The city of Atlanta has received $88 million in federal funding to help cover the additional costs of running a local government during the coronavirus pandemic. Mayor Keisha Lance Bottoms told the City Council during an April 23 conference call th.....»»
Credit Suisse Takes $1 Billion Hit to Cover Coronavirus Impact
Credit Suisse Group AG is taking more than $1 billion in writedowns and provisions for bad loans after the coronavirus, joining U.S. banks in taking an upfront hit as the outbreak pummels economic activity across the globe......»»
Uber lands $810 million government contract
Uber Technologies Inc. shares were up 2.5% Monday after the General Services Administration announced an $810 million contract award with .....»»
Report: Here’s how much rent, mortgage the $1,200 stimulus check will cover in Tampa Bay
The $1,200 stimulus checks the U.S. government is sending out to individuals may not cover as much as intended. A recent report from Seattle-based real estate broker Redfin looked at how much average rent and mortgage the $1,200 stimulus checks â€.....»»
American Airlines CEO says government aid should cover financing needs if demand recovers: CNBC interview
American Airline.....»»
A bipartisan alternative to the US unemployment crisis is emerging: The government paying everyone"s salary
AP / Elaine Thompson A progressive representative and a conservative senator have each proposed that the federal government cover workers' wages. Senator Josh Hawley, a Republican from Missouri, wrote an op-ed calling fo.....»»
A GOP senator just proposed a Denmark-style recovery plan where the government pays up to 80% of workers" wages during the coronavirus pandemic
Charlie Riedel/AP GOP senator Josh Hawley wants the government to cover up to 80% of peoples' paychecks in a Denmark-style recovery plan during the coronavirus pandemic. The senator sa.....»»
Trump is using the coronavirus as a cover to bully the government"s watchdogs into submission. It"s shameful and dangerous.
REUTERS/Kevin Lamarque Trump is using the fog of the coronavirus pandemic to wage an all-out ass.....»»
Euro zone starts slide down inflation slope as coronavirus lockdowns weigh
Euro zone inflation plunged this month on crashing oil prices, signalling the start of a possible deflationary spiral as government lockdowns in response to the coronavirus trigger a dramatic slowdown in economic activity. Ciara Lee reports.....»»
An Uber driver who got COVID-19 couldn"t get the company to cover his promised sick pay until he called out its CEO on Twitter
Christophe Morin/IP3 An Uber driver who tested positive for coronavirus says the company didn't pay him the sick pay it had promised until he took to Twitter to tell his stor.....»»
Unraveling the Mysteries of China’s Multiple Budgets
China’s fiscal policy is bewildering. Consider this: four different budgets collectively cover all government revenue and expenditure, but the official deficit -- the main indicator of fiscal policy -- is calculated using only one of them. A consid.....»»
Many Americans’ biggest worry right now is April 1 rent and mortgage payments
A $1,200 check from the government would help, but many say it doesn’t fully cover their rent or mortgage, among other bills. And the checks probably will not arrive in time for April payments......»»
Government borrowing costs jump as virus-related support costs climb
Borrowing costs in the United States, euro zone, Britain and Japan surged on Wednesday after two days in which governments across the globe announced trillions of dollars of spending to support locked-down economies frozen by the coronavirus......»»
World stocks bounce back on spending hopes; most markets tank for the week
Stocks across the globe bounced back on Friday but hopes of more central bank stimulus and government spending went only so far and indexes were set to post large weekly drops after days of pandemic-related panic-selling across markets......»»
US stocks plunge 7% as oil crash shakes financial markets
Global stocks tumbled and investors sought cover in US government bonds after a crash in the price of oil rocked financial markets already reeling from the spiralling impact of coronavirus......»»
Feds investigate NYU Langone over Medicare payments
The federal government is investigating NYU Langone over Medicare payments it received to cover indirect medical education expenses, according to a disclosure in the health system's financial... To view the full story, click the title link......»»
Hiltzik: Government can"t order insurers to cover the coronavirus for free. Here"s why
Federal and state officials have few options to force insurers to cover COVID-19 for free. Federal and state officials have few options to force insurers to cover COVID-19 for free......»»
Stocks tumble, oil falls, gold spikes as virus fears grip markets
Stocks across the globe fell by the most since mid-2016 on Monday and oil prices tumbled as a jump in coronavirus cases outside of China drove investors to the perceived safety of gold and government bonds on fears of the impact on the global economy......»»
Uber ready to take dispute with Colombia to international arbitration: regional manager
Uber has told the Colombian government it is considering taking its dispute with the Andean country to international arbitration, the company's general manager for Latin America told Reuters on Monday......»»