Fed extends Main Street loan program as last-minute applications surge

2/2 © Reuters. Treasury Secretary Steven Mnuchin testifies during a hearing in Washington 2/2 By Dan Burns (Reuters) -The Federal Reserve on Tuesday said it had extended the end date for its Main Street Lending Program by eight days to process a rush of applications submitted since the Trump administration said it was terminating the […]

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UK Sunak reportedly set to extend furlough program until March next year

BBC political correspondent, Nick Eardley, reports in a tweet NEW: Chancellor set to extend furlough until March, sources have told the BBC. Details just after midday – not clear if it will mean full 80 per cent. For bank trade ideas, check out eFX Plus Well, Sunak will be addressing parliament soon – scheduled to […]

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California approves largest ever utility program to expand EV charging

© Reuters. (Reuters) – California on Thursday approved a $ 437 million effort to build thousands of electric vehicle chargers, its utility regulator said, calling it the nation’s largest ever utility program to expand charging infrastructure. The money will go to utility Southern California Edison (A:) to fund the installation of nearly 40,000 chargers, the […]

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Trump says he will add $1 billion to food for families program

© Reuters. U.S. President Trump visits Farmers to Families Food Box Program location at Flavor First Growers and Packers in Mills River, North Carolina MILLS RIVER, N.C. (Reuters) – President Donald Trump said on Monday his administration would provide an additional $ 1 billion to a program that provides food to American families dealing with […]

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Apple expands its independent repair shop program to Mac computers

© Reuters. Apple logo is seen on the Apple store at The Marche Saint Germain in Paris By Stephen Nellis (Reuters) – Apple Inc (NASDAQ:) said on Monday it had expanded a program that provides parts and training to independent repair shops to cover its Mac computers. Apple initially launched the program last year, but […]

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Fed Initiates Corporate Bond Buying Program – What Does it Mean for Stocks?

The Fed said on Monday that it’ll buy corporate bonds directly from the market and intends to build a wide and diversified portfolio of US companies’ bonds. It was a huge bullish factor for stocks as well as the corporate bond markets which helped to deter sellers and initiate bullish momentum. What are the consequences […]

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U.S. food aid program launches with companies scrambling to deliver

2/2 © Reuters. FILE PHOTO: The outbreak of the coronavirus disease (COVID-19) in Manhattan, New York City 2/2 By Christopher Walljasper CHICAGO (Reuters) – Texas-based CRE8AD8 LLC bid for a federal government contract to quickly rescue food from struggling farmers and deliver it to U.S. food banks as fallout from the coronavirus pandemic has put […]

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For small business loan program, forgiveness may be the hardest part

© Reuters. Access for costumers is closed at a shopping center due to the business downturn caused by the spread of the coronavirus disease (COVID-19), in the tourist district of Waikiki, in Honolulu By Michelle Price and Pete Schroeder WASHINGTON (Reuters) – The U.S. government’s $ 660 billion small business rescue program has stumbled on […]

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U.S. will cap how much each bank can lend under emergency coronavirus program: memo

© Reuters. A person in a mask walks on a nearly empty street in the coronavirus outbreak near the Treasury Department in Washington By Michelle Price and Chris Prentice WASHINGTON (Reuters) – The U.S. government notified lenders on Sunday that it will cap how much each bank can lend under the emergency loan program designed […]

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Asian stocks find support after ECB purchase program

By Tom Westbrook SINGAPORE (Reuters) – Asian stock markets fought to stabilize on Thursday, as the latest promise of stimulus from the European Central Bank propped up sentiment while the world struggles to contain the coronavirus pandemic. U.S. stock futures turned positive and Australia’s S&P/ASX 200 rose 2% after the ECB announced a bond-buying program. […]

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