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On first day, small business loan application process plagued with problems
hailshadow/iStock (WASHINGTON) -- Across the U.S. banking industry, officials scrambled overnight to stand up a massive new government-backed lending program to help small businesses ravaged by the coronavirus pandemic and many were unable to make it happen by the Friday deadline given that the Treasury Department released its guidelines for the loans late Thursday night.The $350 billion federal program -- called the Paycheck Protection Program -- was a key part of the recently-passed $2 trillion COVID-19 stimulus package. The Paycheck Protection Program is a relief plan designed to extend loans, backed by the federal government, that become grants if the...
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Coronavirus live updates: New York City morgues almost full, alert sent for 45K health care workers
narvikk/iStoc (NEW YORK) -- A pandemic of the novel coronavirus has now killed at least 7,077 people in the United States.With more than 273,000 diagnosed cases of COVID-19, the U.S. has by far the highest national tally in the world, according to data compiled by the Center for Systems Science and Engineering at Johns Hopkins University.More than 1.09 million people worldwide have been diagnosed with the disease. The actual number is believed to be much higher due to testing shortages, many unreported cases and suspicions that some governments are hiding the scope of their nations' outbreaks.Over 58,700 have died across...
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Coronavirus economic updates: US cuts 701K jobs in March, unemployment rate jumps to 4.4%
Gwengoat/iStock (WASHINGTON) -- The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling. Here's the latest news on how the COVID-19 crisis is affecting the economy: Markets close out another volatile week The Dow Jones Industrial Average fell more than 350 points Friday, or approximately 1.7%, to close out a volatile trading week.The S&P 500 and Nasdaq both slipped about 1.5%.The government jobs report released earlier in the day ended a streak of historically-low unemployment figures in the U.S., and officials warned that the economic impact...
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Jordan Peele's 'Candyman' postponed until the fall due to COVID-19
Universal Pictures (LOS ANGELES) -- Jordan Peele's remake of the 1992 horror classic Candyman has joined the long list of films whose releases are being postponed due to the COVID-19 pandemic shuttering theaters. Variety reports the release was pushed back from June 12th to September 25th. Directed by Nia DaCosta, the film stars Yahya Abdul-Mateen II, Teyonah Parris, and Nathan Stewart-Jarrett from Misfits. The new film has been described as a "spiritual sequel" to the original, which followed the son of a slave who became an artist. He was later mutilated and killed by a lynch mob hired by his...
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'If they lose me to COVID’: Doctor’s tweet to her children resonates with parents
4X-image/iStock (NEW YORK) -- A doctor who is on the frontlines of the coronavirus pandemic in New York City has captured viral attention with a message she shared on Twitter to her two children.Dr. Cornelia Griggs, a 36-year-old pediatric surgeon and mother of Eloise, 4, and Jonah, 1, tweeted a photo of herself in full personal protective equipment on March 29 writing, “My babies are too young to read this now. And they’d barely recognize me in my gear. But if they lose me to COVID I want them to know Mommy tried really hard to do her job. #GetMePPE...
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Italian shoe designer Sergio Rossi dies at 84
inga/iStock (CESENA, Italy) -- Famed Italian shoe designer Sergio Rossi, 84, has died."Today everyone at Sergio Rossi joins me in remembering our dear Sergio, the inspiring founder of our dream," CEO Sergio Rossi Group Riccardo Sciutto said in an Instagram post."Sergio Rossi was a master, and it is my great honor to have met him and gotten to present him the archive earlier this year," he continued. "His vision and approach will remain our guide in the growth of the brand and the business."Rossi was hospitalized a few days prior in Cesena, Italy, according to WWD."He loved women and was...
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Tom Brady donates 10 million meals through Wheels Up partnership amid COVID-19
Al Powers / ESPN Images (NEW YORK) -- Tom Brady is one of the many athletes giving back during the novel coronavirus pandemic.The Tampa Bay Buccaneers quarterback announced he is donating 10 million meals to Feeding America on Thursday to help those in need during this time.The donation was made through Brady's partnership with private aviation company Wheels Up for its "Meals Up" initiative. Proud to partner with @WheelsUp for their #MealsUp Initiative to supply 10 million meals to @FeedingAmerica. https://t.co/Pa4ctCEF1G — Tom Brady (@TomBrady) April 2, 2020 Feeding America expressed their appreciation for his contribution in a tweet. "Such...
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