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.
Execs Fear Harm Without Further Economic Aid
But even amid the current surge in COVID-19 cases, an AICPA survey found executives had an improved outlook on the U.S. economy.
DoorDash Shares Deliver 78% Pop in Market Debut
At the opening price, Wall Street valued DoorDash at $69 billion — more than Chipotle, Domino’s Pizza, and Dunkin’ Brands combined.
Japan’s Economy Surges 22.9% in Third Quarter
Some economists fear Japan's recovery from the coronavirus pandemic is threatened by rising infections, with a contraction possible early next year.