The first quarter saw "meaningful, sequential improvements in quarterly financial results despite ongoing business disruption from the pandemic."
“Despite robust housing demand and low mortgage rates, buyers are facing a dearth of new homes on the market, which is exacerbating affordability problems."
A board of directors needs to map out a crisis response, oversee it when it is put into practice, and evaluate it in the aftermath.
"Our results continued to be impacted by the unprecedented operating environment and the required work to put our substantial legacy issues behind us."
“This reminds us that the economic crisis has not gone away, far from it, at a time when multiple crises have been vying for our attention.”
The revamped COVID-19 relief program also allows some companies to apply for a second draw of up to $2 million.
With the mounting liquidity concerns, AMC’s stock dipped to its 52-week low of $1.91.
Last year's falloff erased two decades of passenger growth.
The fourth-quarter CFO Survey indicates that finance chiefs are "seeing over the cloud of the pandemic."
PPP borrowers will also be able to deduct expenses paid for with their loans, reversing an earlier IRS decision.
The CEO of Berkshire Hathaway said the country owes it to millions of small businesses to renew the Paycheck Protection Program.
But even amid the current surge in COVID-19 cases, an AICPA survey found executives had an improved outlook on the U.S. economy.
