Public companies are dealing with a variety of financial reporting difficulties in the face of the unpredictable COVID-19 pandemic and the impact it’s having on businesses of all sizes.
The central bank expanded the reach of the program as pressure mounts on the government to support localities struggling economically because of the coronavirus pandemic.
As banks accept new applications for the paycheck program, they are dogged by complaints that they prioritized wealthy borrowers. But lenders likely fast-tracked clients they knew best under difficult circumstances, observers say.
Fitch Ratings lowered its outlook on Hawaii's AA-plus rating to negative from stable, following a similar action by Moody's earlier this month.
Use of banks' mobile apps and websites has risen about a third since the coronavirus crisis began, according to J.D. Power.
Like their traditional peers, charter schools in the Southwest see the writing on the wall when it comes to future funding in a coronavirus-driven recession.
As lenders scale up on their remote capabilities in response to the pandemic, the software companies that service them see exponential growth.
“After my husband died, I couldn’t even tie my shoes,” says Emma Payne, founder of Grief Coach. “The fact that I was expected to go back to work was unthinkable.”
The majority of firms who believe their pandemic response has been successful have had at least one cloud system in place prior to going remote.
The Internal Revenue Service is urging some benefits recipients to register their children and other dependents for the extra $500 per child stimulus payments by May 5 if they haven’t already filed a tax return for 2018 or 2019.