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Face masks, temperature checks and packaged sandwiches could all become part of the daily routine for bankers as their employers work out how to get them safely back into the office. While a growing number of countries are starting to ease lockdowns to contain the coronavirus pandemic, the threat of a new wave of infections …

Carl Icahn’s car-rental company, Hertz, is gearing up for a possible bankruptcy as the coronavirus pandemic slams the brakes on its business. The car rental company failed to make an important monthly lease payment tied to its 500,000 vehicles this month, it revealed Wednesday morning. “While the company has taken aggressive action to eliminate costs, …

We have been locked down for weeks. Classes have been canceled. Only essential activities are allowed. Although there is much to cover and analyze, I want to focus on the economics of the situation. To understate it, the situation today is simply not good. The COVID-19 crisis has caused the world to lock down the …

Small businesses in New York and New Jersey may have gotten shortchanged on federal coronavirus loans because of bad “logistics” as local banks struggled to meet demand, according to a new study. The COVID-19 pandemic has ravaged New York and New Jersey, killing more than 20,000 people and crippling the world’s most productive local economy, …

WASHINGTON – The US government will cap how much each bank can lend under the emergency loan program designed to keep workers on payrolls amid the coronavirus pandemic, according to a memo seen by Reuters hours ahead of the reopening of the lending program. The Small Business Administration (SBA) will impose a maximum dollar amount …

The Strokes named their latest album “The New Abnormal” well before knowing what our new normal would be. “It feels so prescient because of the parallel between something like coronavirus,” says Julian Casablancas, 41, lead singer and lyricist of the New York garage-rock band. “But the name came from the [2018 California] fires, when Malibu …

Foodgod is joining stars like Robert De Niro, Drake and Leonardo DiCaprio by adding his name to the All In Challenge. The man formerly known as Jonathan Cheban exclusively announced to Page Six on Thursday that he’ll be giving a fan the opportunity to dine with him at a swanky restaurant in New York, Los …

Australia will keep its borders closed to foreign visitors for at least three more months to prevent the introduction of coronavirus cases into the country. “The international situation at the moment is such that any relaxation of border measures would be very risky,” Australia’s chief medical officer Brendan Murphy told a government inquiry on the country’s …

New money for loans to small businesses battered by the coronavirus crisis could reportedly dry up almost as soon as it arrives. The US Senate approved $310 billion in extra funds this week for the feds’ Paycheck Protection Program, which exhausted its initial $349 billion budget in two weeks. But banking groups say so many …

Small businesses shut out of the government’s paycheck protection loan program last week are fuming at their banks for fumbling their applications. Dan Abrams, who owns The Mermaid Inn and five other eateries in Manhattan, had all of his loan documents at the ready when the Small Business Administration launched the $350 million stimulus program …