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Stock impact report

Virus Throws Millions More Out of Work, and Washington Struggles to Keep Pace [The New York Times]

Huntington Bancshares Incorporated (HBAN) 
Last huntington bancshares incorporated earnings: 4/23 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: huntington-ir.com
WASHINGTON — When the federal government began rushing trillions of dollars of assistance to Americans crushed by the coronavirus pandemic, the hope was that some of the aid would allow businesses to keep workers on the payroll and cushion employees against job losses.But so far, a staggering number of Americans — more than 16 million — have lost their jobs amid the outbreak. Businesses continue to fail as retailers, restaurants, nail salons and other companies across the country run out of cash and close up shop as their customers are forced to stay at home.There is a growing agreement among many economists that the government’s efforts were too small and came too late in the fast-moving pandemic to prevent businesses from abandoning their workers. Federal agencies, working in a prescribed partnership with Wall Street, have proved ill equipped to move money quickly to the places it is needed most.An analysis by University of Chicago economists of data from Homebase, which supplies sc Show less Read more
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