Category: Uncategorized

Canada and the United States appear likely to extend a ban on non-essential travel until June 21 amid the novel coronavirus pandemic, a Canadian government source and a top U.S. official said on Wednesday.

The two neighbors had agreed on April 18 to extend border restrictions until May 21 as cases of the disease continued to rise in both nations. Canada is now pressing for the measures to remain for another month.

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Online retailer Amazon.com, criticized for not acting quickly enough to curb sellers who charged hundreds of dollars for high-demand hand sanitizer during the early phase of the new coronavirus pandemic, urged Congress on Wednesday to pass a law against price gouging during times of national emergency.

Price-gouging is not usually illegal but can be in certain states if there is an emergency, like during a hurricane or the current pandemic.

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Tesla Inc sued local authorities in California on Saturday as the electric carmaker pushed to re-open its factory there and Chief Executive Elon Musk threatened to move Tesla’s headquarters and future programs from the state to Texas or Nevada.

Musk has been pushing to re-open Tesla’s Fremont, California, factory after Alameda County’s health department said the carmaker must not reopen because local lockdown measures to curb the spread of the coronavirus remain in effect.

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The U.S. Justice Department is weighing whether to file hate crime charges against the white men who killed Ahmaud Arbery, an unarmed black man who was gunned down while jogging in the small coastal town of Brunswick, Georgia, department spokeswoman Kerri Kupec said on Monday.

“The Civil Rights Division of the Department of Justice, the FBI, and the U.S. Attorney for the Southern District of Georgia have been supporting and will continue fully to support and participate in the state investigation. We are assessing all of the evidence to determine whether federal hate crimes charges are appropriate,” Kupec said in a statement.

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The two largest U.S. banks, JPMorgan Chase & Co and Bank of America, said on Thursday that they submitted almost half a million applications worth nearly $46 billion to the Small Business Administration’s Paycheck Protection Program for small businesses hurt by the coronavirus shutdown.

So far, fewer than 30,000 loan applications in total from both banks have been approved by the SBA, the banks said just one day after the government temporarily shut the program to big banks in order to create “fair access” for smaller lenders.

Continue reading “Biggest U.S. banks says they submitted $45.8 billion in loans for emergency aid program”