Jack Dorsey, the Square and Twitter CEO, plans to donate $1 billion of his equity in Square to create a COVID-19 relief fund that will contribute to other causes once the coronavirus pandemic passes. After the pandemic is over, his fund, #startsmall LLC, will give money toward cause such as universal basic income and girls’ […]
Twitter CEO’s $1B Coronavirus Relief Comes from Square Stake…
Stocks Close Lower After Roller-Coaster Session, Dow Gives Up 900-Point Surge…
Stocks closed lower on Tuesday, giving up a massive rally from earlier in the day, as Wall Street assessed the latest news on the coronavirus outbreak. The Dow Jones Industrial Average closed 26.13 points lower, or 0.1%, at 22,653.86. The 30-stock average rose as much as 937.25 points, or 4.1%, at its session high. The […]
Treasury Secretary Steven Mnuchin Discusses Payroll Protection Program (VIDEO)…
Treasury Secretary Steven Mnuchin appears via phone on Fox Business News to discuss the small business payroll/paychecks program. Ms. Bartiromo claims her network of friends in the business community want to use the free government money for themselves; but the Treasury is forcing small businesses to use the money to retain payroll. Obviously Ms. Bartiromo […]
Mnuchin Asking for $250B to Replenish Small Business Loan Program…
Treasury Secretary Steven Mnuchin on Tuesday asked Congress to approve an additional $250 billion to replenish the fund for small business loans as thousands vie for the government-backed aid. Mnuchin said he spoke with Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, House Speaker Nancy Pelosi and House Minority Leader Kevin McCarthy about […]