The latest initial jobless claims report shows that layoffs of employees were lower in some of the already hardest-hit states, but were widespread nonetheless. … READ MORE >
coronavirus
The perfect storm: Tough times ahead for the U.S. shale industry
Several factors pose challenges specifically for producers of U.S. shale, which has for years been a leader in the march toward energy independence for the country. … READ MORE >
Fed sets up $2.3 trillion in liquidity commitments, introduces Main Street Lending Program
The Federal Reserve made history on Thursday by moving aggressively to provide up to $2.3 trillion in liquidity commitments to support the economy. This policy intends to bolster households, small and medium-sized firms, and the ability of state and local governments to float debt to ensure critical services during the pandemic. … READ MORE >
Initial jobless claims surge by 6.6 million, implying unemployment rate of 14.6%
The carnage in the American labor market continued unabated for the week ending April 4 as first-time jobless claims soared to 6.6 million, which implies a real-time U.S. unemployment rate of 14.6% at a minimum. … READ MORE >
In the confusion of a pandemic, alternative data can show the way
Alternative data increasingly influences decision-making in today’s business climate, with growing accuracy, and impact, on the economy. … READ MORE >
How banks can help their customers navigate the coronavirus shock
Even though the CARES Act provides a stimulus package of $2.39 trillion, or 11.4% of gross domestic product — along with a relaxing of rules surrounding payment deferrals and loan modifications by banking regulators — that may not be enough to blunt the continued decline in economic activity. … READ MORE >
Federal Reserve backstops Paycheck Protection Program
The Federal Reserve today put forward another in a series of lending facilities intended to fortify the economy as it absorbs three large shocks that are cascading across the U.S. economic landscape. … READ MORE >
RSM introduces coronavirus projection model
This forward-looking model we think will capture curve dynamics in near real time and provide an informative and useful metric around which to begin planning on a return to full production and provision of services. … READ MORE >
How family offices and their portfolio companies might qualify for loans under the CARES Act
Some family offices might be classified as a small business under the Small Business Administration. And they could be eligible for loans under the CARES Act. … READ MORE >
Cybersecurity, amid coronavirus, remains a top risk in health care
Cybersecurity remains a top risk within the health care industry as attackers are weaponizing COVID-19 and breaches continue to increase during the first quarter of 2020. … READ MORE >