The online fashion reseller has benefited from a flood of demand as locked-down shoppers turn to e-commerce amid the coronavirus pandemic.
The increase in the deficit reflected in part spending on coronavirus relief programs including enhanced unemployment benefits.
"For some companies, growth may mean a return to pre-pandemic financial performance, but most believe the deepest hardship is over."
The December jobs report shows "the economy’s not just tapping on the brakes, but actually has been thrown into reverse."
There is a “material risk” that setbacks in containing the pandemic could result in a much weaker recovery, the bank warns.
The fourth-quarter CFO Survey indicates that finance chiefs are "seeing over the cloud of the pandemic."
The deal will enable Peloton to add production capacity for its at-home fitness equipment amid increased demand fueled by the coronavirus pandemic.
PPP borrowers will also be able to deduct expenses paid for with their loans, reversing an earlier IRS decision.
The Fed voted 4-1 to ease restrictions on buybacks and dividends it had imposed to ensure banks preserved capital amid the coronavirus pandemic.
The company has been "trimming expenses and products amid the closures of restaurants, bars, movie theaters and sports stadiums that sell its drinks."
“The economy will bounce back strongly in [Q2] as vaccine deployment reaches critical mass but until then it’s going to be a long, bleak winter."
The coronavirus pandemic has "increased [private-equity] interest in companies whose offerings make it easier to reach employees and students remotely.”
