3/28/2020 12:05:16 AM How Small Businesses Can Survive the Coronavirus Outbreak By Gareth Jones Small-business owners trying to weather the coronavirus pandemic will face a financial blow that’s likely to be worse than what they...
3/28/2020 12:02:44 AM Small Businesses Fear Hold-Ups in $350 Billion Rescue Program By Gareth Jones Getting the $350 billion in loans for small businesses in the record U.S. stimulus package into business owners’ hands before a wave of...
3/27/2020 10:59:13 PM Fed Digital Dollars are part of debate over stimulus By Faisal Kawar These Fed “digital dollar” accounts would be set up as a way to speed payments to households that need support. As things now stand, the...
3/27/2020 10:55:06 PM House Approves $2t Virus Relief Bill, Sends to Trump By Faisal Kawar The House approved the largest stimulus package in U.S. history Friday as part of the response to the economic crisis. The package...
3/27/2020 9:05:16 PM Olympics delay, not cancellation, provides reprieve for insurers By Gareth Jones Jefferies analysts have estimated the insured cost of the Games at $2 billion, including TV rights and sponsorship, plus $600 million for...
3/27/2020 8:20:19 PM Wall Street flees coronavirus and glimpses its mortality By Gareth Jones Bankers hunkering down in vacation homes is resulting in a clash of worlds: the sound of barking dogs and wayward children has become...
3/27/2020 8:12:16 PM Fed’s big boost for BlackRock raises eyebrows on Wall Street By Gareth Jones On Tuesday, investors poured a record-breaking $1.5bn into an exchange traded fund run by BlackRock, a sum that represents about $2.3m of...
3/27/2020 6:55:13 PM P2P payments are live on Dharma By Faisal Kawar Users of portfolio company Dharma will be able to send and receive US dollars from anywhere in the world — all while earning interest,...
3/27/2020 5:35:12 PM Morgan Stanley, Goldman Win China Nod to Control Ventures By Gareth Jones Morgan Stanley and Goldman Sachs were granted approvals to take control of their securities joint ventures in China as policy makers push...
3/27/2020 5:35:10 PM Plan advisers may lose business as 401(k) sponsors struggle By Faisal Kawar As unemployment claims hit an all-time high, companies are considering ways to cut costs. Portfolio company Vestwell shares that advisers...
3/27/2020 5:33:20 PM New York Retains Top Spot in Z/Yen Financial Center Index By Gareth Jones New York extended its lead over London to head Z/Yen Group's rankings of global financial centers on Thursday,. Z/Yen also said that New...
3/27/2020 5:26:51 PM High-Frequency Traders Feast on Volatile Market By Faisal Kawar Profits climb sharply with help from sophisticated computer algorithms and strategies that take advantage of rips and dips; ‘a quarter...
3/27/2020 5:16:21 PM Notarize to add 1,000 online notaries to address the demand for remote transactions By Faisal Kawar The platform enables digital notarizations is adding 1,000 notaries to address demand as more Americans are ordered to shelter in place...
3/27/2020 5:15:33 PM Coronavirus spurs demand for touchless technology By Faisal Kawar Communal surfaces are feared as potential sources of contagion, leading consumers to rethink a host of behaviors ranging from the way...
3/27/2020 5:07:26 PM Banks urged to issue more small-dollar loans to consumers in response to outbreak By Faisal Kawar In 2018, the Office of the Comptroller of the Currency modified its policy encouraging banks to offer loans, typically in the...
3/27/2020 5:05:18 PM Glitchy coronavirus markets cause quant funds to misfire By Faisal Kawar Renaissance, Two Sigma and DE Shaw suffer unusual setbacks with average quant fund losing 14% this year per Credit Suisse estimate. ...