Starbucks’ U.S. Sales Fall Amid COVID-19 Surge
The first quarter saw "meaningful, sequential improvements in quarterly financial results despite ongoing business disruption from the pandemic."
Homebuilder Confidence Sags for 2nd Straight Month
“Despite robust housing demand and low mortgage rates, buyers are facing a dearth of new homes on the market, which is exacerbating affordability problems."
The Board’s Role in Crisis Response
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.
Wells Fargo Shares Dip 7% on Q4 Revenue Miss
"Our results continued to be impacted by the unprecedented operating environment and the required work to put our substantial legacy issues behind us."
Unemployment Claims Jump
“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.”
PPP Reopens With $284B for Small Business Loans
The revamped COVID-19 relief program also allows some companies to apply for a second draw of up to $2 million.
AMC Still Needs $550M to Stay Afloat Through 2021, CEO Says
With the mounting liquidity concerns, AMC’s stock dipped to its 52-week low of $1.91.
CFO Optimism Continues to Grow Despite Virus
The fourth-quarter CFO Survey indicates that finance chiefs are "seeing over the cloud of the pandemic."
Congress Includes PPP Extension in New Relief Bill
PPP borrowers will also be able to deduct expenses paid for with their loans, reversing an earlier IRS decision.
Buffett: Small Businesses Have Become Collateral Damage, Congress Should Renew PPP
The CEO of Berkshire Hathaway said the country owes it to millions of small businesses to renew the Paycheck Protection Program.