NewsWatch: Here’s what the historic $2 trillion coronavirus stimulus package will do to help small businesses

This post was originally published on this site

MARKETWATCH FRONT PAGE

Small businesses will have access to $350 billion in forgivable loans, but they have to meet certain requirements. See full story.

Trump invokes Korean War-era law to force GM to make ventilators for COVID-19 victims

President Trump on Friday afternoon said he signed a memorandum requiring General Motors to make ventilators for hospitals to help treat patients suffering from the COVID-19 illness, invoking for the first time a 70-year old law created during the Korean War that gives the government broad authority over private businesses. See full story.

I’m retired and claim Social Security — do I still get the $1,200 stimulus check?

Congress is expected to pass a bill giving Americans hurt by the coronavirus crisis financial relief. See full story.

This chart reflects the panic investors have felt amid recent weeks’ turmoil

Investors are moving their money to the sidelines. See full story.

4 passengers dead on Holland America cruise ship en route to Fort Lauderdale

The company, which is owned by Carnival Corp., said ‘complimentary telephone counseling’ would be made available to the 1,243 passengers and 586 crew members. See full story.

MARKETWATCH PERSONAL FINANCE

A record 3.28 million people filed jobless claims in mid-March. Those workers will get extra money from the federal government. See full story.