Disinfection officials provide hygiene during the annual Red Square Book Fair held in Russian capital Moscow. Anadolu Agency The number of confirmed coronavirus cases in Russia surpassed 500,000 on Thursday, and the rate of new daily cases remains high, but restrictions are being lifted quickly ahead of key political events. Experts say Russia is keen
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LeoPatrizi The Paycheck Protection Program may have been an exercise in frustration for small-business owners, but here’s the silver lining: They might be better equipped to weather the next crisis. The federal government rolled out the so-called PPP in April as coronavirus and the ensuing stay-at-home orders took their toll on small businesses. The forgivable
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Mohamed El-Erian, who in early March correctly called a coronavirus-driven bear market, told CNBC on Monday he’s reluctant to buy the latest stock rally. “For me personally, it’s an uncomfortable bet to continue to bet on a huge recovery,” the chief economic advisor at Allianz said on “Squawk Box.” “I don’t like doing this. But
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The Federal Reserve said Wednesday it will hold its benchmark interest rate near zero through 2022 to help the economy recover from the coronavirus crisis. “The Fed has cut interest rates as low as they are going to go without going into negative rates,” said Greg McBride, chief financial analyst at Bankrate.com. The economic shock from Covid-19 may call for drastic measures,
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Slowly but surely, small businesses are rehiring workers as plans to reopen from the coronavirus lockdown progress across the country. Employee headcount increased by 3.2% in May, although it remains below pre-pandemic levels overall, according to exclusive data compiled by human resource provider Gusto and based on more than 100,000 small businesses nationwide. In addition,
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