The stimulus bill drafted by Senate Republicans includes a provision that would reverse the ban on sending relief payments to the recently deceased, put in place by the Treasury Department.
Wells Fargo joined other financial institutions in extending work-from-home deadlines. The bank said about 200,000 employees will work remotely until Oct. 1 as officials work on a plan to bring them back into the workplace.
As China considers the challenges for its monetary policy, suggestions that US financial stimulus may ultimately damage its currency could prompt Beijing to maintain its cautious approach, writes Citigroup's David Lubin.
Five indicators can serve as red flags that a ransomware attack may be imminent, and information security executives should be alert for them, writes Peter Mackenzie. He lists several network scanners and hacking tools whose presence should prompt an investigation, including AngryIP, Advanced Port Scanner and MimiKatz.
In 2020, dozens of large US companies have filed for bankruptcy protection, and professor Edward Altman, creator of the Z-score, says many more are coming as companies continue to take on debt. "Now, seems like companies again are exploiting what seems to be a crazy rebound," said Altman.
Investors are showing sustained interest in Bitcoin as a store of values similar to gold in the current environment of low-to-negative interest rates and ongoing volatility in equity markets. "Bitcoin is gaining traction as the digital version of gold," writes Mike McGlone for Bloomberg.
The first loss ever reported by Banco Santander SA illustrates how the economic downturn in Europe is hitting banks. Barclays Plc saw a steep profit decline, while Deutsche Bank AG reported lower revenue.
Companies dealing with the challenges of the ongoing coronavirus pandemic are increasingly faced with credit downgrades that move them from a investment-grade to the non-investment-grade category. So far, most companies have been able to maintain a BBB rating.
Springboard, an online learning startup that teaches students the skills they need to enter fields with high demand for workers, raised $31 million in its most recent funding round. With the new capital it plans to broaden the range of courses it offers and develop new tools to help its students get hired.