The Paycheck Protection Program, part of the multitrillion dollar government stimulus package, was primarily intended to help small businesses retain workers. The loosely managed and poorly regulated process was perverted and hijacked by thousands of …
See Original Article

(Reuters) – As the United States accelerates the search for a coronavirus vaccine, tensions have erupted between government scientists and Moderna Inc, one of the leading developers, Reuters has learned. The federal government is supporting Moderna’s …
See Original Article

One year after leading OwnBackup’s $23.3 million Series C funding round, Insight Partners has opened its pocketbook again. This time the firm is leading a $50 million follow-on round of new capital, OwnBackup announced Tuesday. Subscribe to the …
See Original Article

JPMorgan Chase & Co. and Bank of America Corp. are in line to split between $1.5 billion and $2.6 billion in fees for being the conduits of the government’s aid program for small businesses stricken by the coronavirus shutdown, according to an analysis of …
See Original Article

The overnight policy rate was reduced to 1.75%, the lowest in records dating back to 2004, as 14 of 25 economists surveyed by Bloomberg predicted.
See Original Article