Coronavirus

A Chicago Transit Authority (CTA) bus driver wears a protective mask
Yvette Shields
April 17, 2020 3:44 PM

Federal operating aid will help manage the Illinois Regional Transportation Authority's expected tax and farebox hits this year but storm clouds loom.

4 Min Read
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Daniel Brunow
April 17, 2020 2:49 PM

Doing valuations of commercial real estate in the midst of the pandemic is complicated when professionals can't just hop on a plane.

3 Min Read
IRS-Building-light
Jeff Stimpson
April 17, 2020 1:55 PM

In addition to resources and information on various pandemic-related frauds, taxpayers can email the services tips directly.

1 Min Read
Jackie Reses, Square Capital lead
Penny Crosman
April 17, 2020 1:13 PM

Square Capital and other online lenders joined the Paycheck Protection Program just before it ran out of money. Now they’re ready and waiting for Congress to reload funds that could be better aimed at the smallest companies.

5 Min Read
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By Anita Sharpe, Tom Moroney, Christopher Palmeri and Laurel Calkins
April 17, 2020 10:50 AM

The Internal Revenue Service processed more than 80 million stimulus payments on April 10 in a centerpiece of a $2.2 trillion effort to shore up the battered U.S. economy.

4 Min Read
“I don’t think … [halting dividends] is appropriate this time,” said Fed Chair Jerome Powell. But his predecessor, Janet Yellen, said holding on to income gives banks a “buffer” to further ”support the credit needs of the economy.”
April 17, 2020 10:42 AM

Large institutions say their strong capital positions allow them to reward investors, and the Fed agrees. But critics say this is the time to be preparing for a sharp downturn and continue helping those hurt by the coronavirus pandemic.

7 Min Read
John Adams
April 17, 2020 10:29 AM

Just as U.S. lawmakers are ramping up demand for a digital dollar, Facebook's Libra project is dialing back its scope.

6 Min Read
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Jim Johnson
April 17, 2020 10:17 AM

As the market deals with the short-term challenge of getting stimulus payments into the hands of citizens, the country has a unique opportunity to put the unbanked and underbanked on a long-term path to electronic payment methods, Jim Johnson of FIS says.

3 Min Read
Robert Amodeo
Robert Amodeo
April 17, 2020 10:03 AM

A complete disconnect between liquidity providers and seekers exposed the market’s inefficiencies: an asset class dominated by a limited investor base—retail investors—has grown increasingly concentrated.

3 Min Read
IRS Commissioner Charles "Chuck" Rettig
Michael Cohn
April 17, 2020 7:49 AM

People who receive Supplemental Security Income will automatically get economic impact payments from the federal government in response to the novel coronavirus pandemic.

4 Min Read