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Tag Archives: COVID-19

AP: Publicly traded firms get $300M in small-business loans

In this April 17, 2020, photo, Zachary Davis poses for a photo at The Penny Ice Creamery in Santa Cruz, Calif. An investigation by The Associated Press found that the federal Paycheck Protection Program, which was supposed to provide small businesses like Davis' with access to cash to support their employees, also provided hundreds of millions of dollars to large publicly traded companies. (AP Photo/Martha Mendoza)

Companies with thousands of employees, past penalties from government investigations and risks of financial failure even before the coronavirus walloped the economy were among those receiving millions of dollars from a relief fund that Congress created to help small businesses through the crisis, an Associated Press investigation found.

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Congress, Trump in tentative deal on $500B virus relief bill

FILE - In this March 20, 2020, file photo Senate Minority Leader Sen. Chuck Schumer of N.Y., speaks to reporters as he arrives for a meeting to discuss the coronavirus relief bill on Capitol Hill Washington. The Trump administration and Congress are nearing an agreement as early as Sunday, April 19, on a $400-plus billion aid package to boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing. (AP Photo/Andrew Harnik, File)

Congress reached a tentative agreement Tuesday with President Donald Trump on a nearly $500 billion coronavirus relief bill that would replenish a small business rescue program, provide hospitals with another $75 billion, and implement a nationwide virus testing program to facilitate reopening the economy.

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JBG Smith, RLJ Lodging take shareholders’ meetings online

Two Bethesda real estate companies have moved their annual shareholders’ meetings to a virtual format in response to the danger posed by the COVID-19 pandemic. JBG Smith Properties changed its April 30 meeting to a virtual-only meeting. Shareholders of record as ...

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Trump, Congress near deal on small business, hospital aid

FILE - In this March 20, 2020, file photo Senate Minority Leader Sen. Chuck Schumer of N.Y., speaks to reporters as he arrives for a meeting to discuss the coronavirus relief bill on Capitol Hill Washington. The Trump administration and Congress are nearing an agreement as early as Sunday, April 19, on a $400-plus billion aid package to boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing. (AP Photo/Andrew Harnik, File)

The Trump administration and Congress are trudging toward an agreement on an aid package of more than $450 billion to boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing.

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Maryland cannabis dispensaries rolling up sales despite COVID-19

Trilogy Wellness of Maryland, LLC medical marijuana dispensary in 9291 Baltimore National Pike in Ellicott City, shown in March of 2018.  (The Daily Record / Maximilian Franz)

The battle to prevent the spread of COVID-19 has put a lot of small businesses out of work, but Maryland’s cannabis dispensaries are rolling up sales. Dispensaries saw a significant increase in cannabis sales after Gov. Larry Hogan declared a ...

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Stock markets rise, US oil price sinks below $19

A currency trader gestures at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, April 17, 2020. Shares have advanced in Asia after China's economic growth data, while bleak, was better than expected. (AP Photo/Ahn Young-joon)

Global stock markets rose on Friday as more governments planned for a phased reopening of parts of their economies, while the U.S. benchmark for oil continued to slide, falling below $19 a barrel.

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