Fertnig | E+ | Getty Images People who receive Supplemental Security Income or Department of Veterans Affairs benefits have just one more day to supply the federal government with information on any qualifying dependents who should be included in their stimulus payments. Millions of stimulus payments are in the process of being deployed to Americans.
A sign reading “Buy Local” with closed restaurants and shops on Main Street on April 10, 2020 in Livingston, Montana. William Campbell | Corbis via Getty Images The 30.7 million small businesses on Main Street that generate 50% of U.S. GDP have been hard-pressed to receive the government relief they need to stay in business.
Clothing apparel company J. Crew filed for bankruptcy Monday, marking the first major retail bankruptcy of the coronavirus pandemic. The company said it has reached a deal to convert $1.65 billion of its debt to equity. It has secured $400 million in financing from existing lenders, Anchorage Capital Group, GSO Capital Partners and Davidson Kempner
A Tyson Fresh Meats plant employee leaves the plant on Thursday, April 23, 2020, in Logansport, Indiana. Darron Cummings | AP Tyson Foods on Monday reported that its fiscal second-quarter net income fell 15% from a year ago, as production disruptions weighed on its results. The company also said that it has secured a $1.5 billion
Take a look at some of the biggest movers in the premarket: Tyson Foods (TSN) – The beef and poultry producer reported quarterly earnings of 77 cents per share, compared to a consensus estimate of $1.04 a share. Revenue also came in below forecasts, with Tyson saying it faced multiple challenges due to the Covid-19
Most people know Sean “Diddy” Combs by his music, but the hip-hop mogul recently released a different kind of track: a guided meditation. The 25-minute recorded meditation, which is available to download for free on Audible, is designed to help listeners relax before bed. It includes a mix of deep breathing exercises, gratitude prompts and
A Delta Air Lines jet taxis passes Southwest Airlines jets to be parked with a growing number of jets at Southern California Logistics Airport (SCLA) on March 24, 2020 in Victorville, California. David McNew | Getty Images U.S. airline shares were down sharply again on Monday after Warren Buffett over the weekend said Berkshire Hathaway sold
An empty Springfield Avenue in Summit, New Jersey on a Friday afternoon under Covid-19 pandemic lockdown. Ira L. Black | Corbis | Getty Images Small business owners across the U.S. are in an impossible situation: They fear that their firms may go under in a matter of months if state lockdowns caused by Covid-19 don’t
A shopper wearing a protective mask returns exits a retail store in Cleveland, Mississippi, U.S., on Thursday, April 30, 2020. Some retail stores began reopening at half-capacity in Mississippi after the stay-at-home order expired on April 27. Rory Doyle | Bloomberg | Getty Images We’ve been socially distancing for weeks now, riding out the coronavirus
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., speaks during the virtual Berkshire Hathaway annual shareholders meeting seen on a laptop computer in Arlington, Virginia, U.S., on Saturday, May 2, 2020. Bloomberg What a difference a year makes. Sitting on a stage in an empty arena in Omaha, Nebraska and in the