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JPMorgan, Ruth's Chris accused of cheating small businesses out of loans

JPMorgan Chase, Ruth's Chris Steak House and others are being accused in a lawsuit of efforts to "cheat" small businesses out of federal stimulus funding.

Amazon asks workers staying at home to return or seek leave

Amazon.com Inc. is asking warehouse employees who have stayed away from work during the pandemic to return for scheduled shifts beginning May 1, or request a leave of absence.

US factory orders plunge 14.4% as economy grinds to halt

WASHINGTON (AP) — Orders for big-ticket manufactured goods plunged 14.4% in March, the second-biggest decline on record. The worse-than-expected slide underscored the severity of the economic impact from the pandemic. New orders for commercial airlines actually went negative as cancellations outpaced sales. Those orders plunged 295.7% with skies largely empty of planes. The last time so few people traveled by plane was in the pre-jet era. The...

Stocks close higher as oil extends rebound

Stocks ended higher Friday as oil prices clawed back even more of their historic losses from earlier in the week and as traders weighed the prospects of a potential coronavirus treatment from Gilead Sciences.

14 financial lessons from Netflix's 'Tiger King'

The Netflix hit documentary "Tiger King: Murder, Mayhem and Madness" is not just a trashy tragicomedy. You can learn a lot from watching Joe Exotic and the crew self-destruct, whether it’s how not to run a zoo, how not to run for office or how not to run your personal finances.

How safe is your money in a savings account?

In uncertain economic times, you may wonder about the safety of your funds.

America's largest egg producer accused of price gouging

A lawsuit filed Thursday by Republican Attorney General Ken Paxton alleges that Cal-Maine Foods raised generic eggs price by 300% even though the pandemic hasn't disrupted its supply chain, the Houston Chronicle reported. Texas is seeking more than $100,000 in damages.

Meat supply threats grow with new shutdowns

Plant shutdowns are leaving the U.S. dangerously close to meat shortages as coronavirus outbreaks now spread to suppliers across the Americas.

How the recession is crushing even lotteries

The recession is crushing the lottery along with everything else. Buying a lottery ticket may have become a luxury expense, now that over 26 million American workers have filed for unemployment in the past month or so.

Lawsuits claim banks shuffled stimulus loans for profit

In a series of class-action lawsuits filed in California and New York over the past week, Bank of America, Wells Fargo, U.S. Bank and JPMorgan Chase were accused of maximizing the fees they were paid to participate in the Paycheck Protection Program at the expense of mom-and-pop-sized small businesses. The suits allege that the banks submitted larger loans to the Small Business Administration ...

Russia is biggest loser from oil's crash, and that's reason to worry

Russia’s economy and power is highly dependent on oil and energy prices, writes George Friedman.

American businesses temporarily laying off the most people

While several of the largest U.S. companies -- including Walmart, CVS, Amazon and Walgreens -- are actually hiring, Americans working at some of the largest and most famous U.S. companies have been slammed by furloughs and layoffs.

How to Craft a Marketing Message During a Crisis

Your best marketing message is never about you, your company, or its products.

Why You Should Get a Loan Even If You Don't Need It

Building a relationship with your banker now could be beneficial for your company in the long run.

Stocks of 'good corporate citizens' such as Chipotle, Netflix are thriving, Jim Cramer says

"Turns out rewarding your employees and protecting your customers is good for business," the "Mad Money" host said.

She got a forgivable loan. Her employees hate her for it

One small business owner got a Paycheck Protection Program loan. Her employees are furious.

PPP Is Back With $310 Billion in Additional Funding, But Small-Business Owners Must Act Fast

The new round will go even quicker, so those who missed out must choose the right bank and move immediately.

Afghan refugee gives food vouchers to those hit by coronavirus crisis

Nebraska small business owner Nemat Azizi helps out-of-work restaurant and salon workers with free $150 grocery vouchers.