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(Bloomberg) -- The Federal Reserve has used only a fraction of the $600 billion in an emergency lending program for small and medium businesses struggling with the Covid pandemic, according to a congressional watchdog report.Eligible lenders participating in the Main Street program have issued $496.8 million in loans, of which $472 million is Federal Reserve money, or about 0.07% of the central bank’s lending capacity as of Wednesday, according to the report issued Friday.“The Main Street Lending Program has seen modest initial activity thus far,” according to a monthly report from the Congressional Oversight Commission, the panel in charge of overseeing the Treasury Department and Federal Reserve responses to the coronavirus pandemic.“Some of the Main Street Lending Program’s modest activity may be because some businesses accessed the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), while others are able to rely on existing credit lines or other sources of liquidity,” the...
Yahoo Finance’s Sibile Marcellus and Akiko Fujita discuss data revealing what U.S. households did with their first round of stimulus checks. ...
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd......
Like everything else in the pandemic era, going back to school is no longer a sure thing. Even amid phased re-openings and pressures to restart the economy, wary consumers continue to center their lives around the home. This status quo could persist at least until there are widely available and widely distributed vaccines. Experts from our partner Argus examine how consumer priorities and behavior have changed and what’s to come in the post-pandemic “new normal.” They focus on the retail, media, and consumer services companies that are facilitating these changes in creating a happier, safer home. Not a subscriber? Start your free trial to join future webinars live!...
Everybody's a genius in a bull market. That's nothing new. But given where we are in the current 'recovery', with major market indexes hitting all-time highs despite unemployment over 10% and a raging pandemic, sometimes it's hard to reconcile the bullish market attitude.Case in point: Tesla (NASDAQ:TSLA) stock was trading at $222 last year at this time. It now trades around $2033. It has a four-digit price-to-earnings ratio and it's still rising.Having been through my share of "different" bull market tops that turned out not to be very different at all, I've learned to hedge my bets.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 International Stocks to Buy for Impressive Returns Now Investors hoping for the best while preparing for the worst should consider these 5 win-win stocks to buy: * B. Riley Financial (NASDAQ:RILY) * Centene (NYSE:CNC) * Ritchie Brothers Auctioneers (NYSE:RBA) * NextEra Energy (NYSE:NEE)...
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be......
