-
Insurance, Worker Safety, And PPP Loan Tracking
Tuesday, July 7, 2020 - 3:26pm | 145On today's Midday Market Update, Michael Vincent and Kevin Hill talk about the SONAR-powered data, issues and news that move you. On this episode they're joined by Laurance Alvarado – CEO and co-founder at WARECAP; Tyler Robertson, CEO at Diesel Laptops and FreightWaves Market Experts Andrew Cox...
-
Senate Vote To Give PPP Assistance Program Six Week Extension
Wednesday, July 1, 2020 - 11:19am | 845On the day that the Paycheck Protection Program (PPP) was set to expire with more than $130 billion in authorized funds waiting to find a borrower, the initiative to keep Americans on their companies' payroll may be getting new life. According to various news reports, the U.S. Senate is a type of...
-
Stock Market Update For The Week Ahead: 'How Long Can Tech Lead?'
Sunday, June 28, 2020 - 6:53pm | 2192The Last Week In A Nutshell What Happened: “The S&P 500 is up 1.3% month-to-date (through June 25), but has struggled to push higher as it moves towards its previous peak,” said Lindsey Bell, chief investment strategist for Ally Financial, Inc-owned (NYSE: ALLY) Ally Invest. “...
-
Volumes Surge, Carriers Break Even And Seek Help From Tech
Tuesday, June 16, 2020 - 12:28pm | 975Make no mistake – freight volumes are on the rise, but the movement of goods appears to be rooted in warehouse and inventory redistribution instead of a consumer-facing activity. Rates are therefore still suppressed, and capacity remains loose. To improve their operations, carriers are accepting...
-
4 Community Bank Executives Give Their Perspectives On The Paycheck Protection Program
Tuesday, June 2, 2020 - 3:08pm | 1922The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. The Paycheck Protection Program—the emergency small business loan program established by the CARES Act—has provided a much-...
-
PPP forgiveness Rules Clarified As First Recipients Face Payments' Exhaustion
Tuesday, May 26, 2020 - 10:27am | 1008The release late Friday, May 22, of clarified rules on the Paycheck Protection Program (PPP) cleared up some aspects of the program, left some others uncertain but also drove home the point that for the first recipients, the end of the money isn't that far away. The primary purpose of the...
-
Why Magic Johnson, Mark Cuban Are Connecting Minority-Owned Businesses With Millions In PPP Loans
Wednesday, May 20, 2020 - 4:51pm | 454NBA legend Magic Johnson and billionaire entrepreneur Mark Cuban are reaching out to minority business owners who are struggling to navigate coronavirus shutdowns. What Happened? Johnson’s Magic Johnson Enterprises has partnered with MBE Capital partners to provide $100 million in loans...
-
Tilman Fertitta Makes The Case For PPP Availability To Big Business
Tuesday, May 19, 2020 - 2:51pm | 399Landry's CEO Tilman Fertitta made the case directly to U.S. President Donald Trump on why large restaurant chains should have access to government funding. What Happened To Landry's Fertitta was among the small handful of restaurant executives and insiders who met with Trump on Monday at...
-
COVID-19 Leads To Spot Rate Hikes
Tuesday, May 19, 2020 - 11:18am | 994It may seem like the Paycheck Protection Program (PPP) just began. But for some early recipients, its flow of funds is going to start to end in less than two months and the impact of that could be a catalyst for tightening truckload capacity, just as its existence has led to keeping many drivers on...
-
Restaurant Brands CEO 'Optimistic' About Burger King Parent Company After Meeting With Trump
Tuesday, May 19, 2020 - 10:47am | 450U.S. President Donald Trump met with restaurant and industry experts Monday, including Restaurant Brands International Inc (NYSE: QSR) CEO José Cil who described the gathering as "extraordinary." What Happened Restaurant leaders were given the opportunity to "share all of...
-
Atlanta-Based Chicken Wing Chain's CEO On Re-Opening, PPP Loans
Tuesday, April 28, 2020 - 11:52am | 316The chicken wing restaurant chain Wing Zone isn't in any rush to re-open its dine-in restaurant, despite having the legal right to do so in the state of Georgia. 'Wait And See' For Wing Zone Restaurants Wing Zone's business consists of dozens of franchise locations and its structure...
-
Cramer Blasts Big Restaurants, Their Bankers For 'Shameful' Bailout
Monday, April 27, 2020 - 3:16pm | 375The list of companies both big and small that were granted a portion of the Payroll Protection Program (PPP) is puzzling, CNBC's Jim Cramer said on "Squawk on the Street" Monday. Cramer Calls Bankers 'Shameful' High-end steakhouse chain Ruth's Chris is among...