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NorthOne announces Series A round of $21M USD

NorthOne | Blog | March 12, 2020 NorthOne is a mobile, tech-powered bank account built for America’s small businesses, freelancers, and startups. Today, we’re announcing a Series A round of $21M USD for NorthOne, led by Shiran Shalev from Battery Ventures, with participation from Redpoint Ventures, and Tom Williams. This round brings us one step

5 years ago

L Brands temporarily closes stores, draws down $950 million from existing credit line

L Brands Inc said on Tuesday it would temporarily close all its stores, including those of Bath & Body Works and Victoria's Secret, in the United States and Canada through March 29 and that it has drawn down $950 million from an existing credit line due to the coronavirus outbreak.



5 years ago

Treasury and IRS to delay tax season deadline by 90 days

Taxpayers are about to get a three-month reprieve to work on their income tax returns, Treasury Secretary Steven Mnuchin said at a press conference on Tuesday.

5 years ago

Coronavirus-stricken airlines call for aid to limit bankruptcies

European airlines demanded urgent tax relief to avoid multiple bankruptcies as coronavirus disruption continued its spread across the global industry on Tuesday.



5 years ago

Social Security offices close due to coronavirus. Here's what that means for you

Local Social Security offices have closed in order to protect elderly and disabled beneficiaries and others from the coronavirus. While in-person services are shut, you can still get help online and over the phone, though critical services will be given a priority. Here's a breakdown of what to expect.

5 years ago

The coronavirus crisis is making travel cheaper. Here's why you should resist the urge to buy.

Prices for airfare and hotel rooms look cheap, but experts recommend resisting the urge to take advantage of travel deals due to extreme uncertainty.

5 years ago

How those coronavirus-fueled investment losses help cut your taxes

An investment account that's deep in the red just might have a silver lining. Tax-loss harvesting allows you to sell off a few poor performers and use them to offset gains elsewhere in your portfolio.

5 years ago

Cramer: Don't buy the dips in the market, sell bad stocks on any pops

"It's really the opposite of buy the dips," CNBC's Jim Cramer said Tuesday. "I only think you sell lower quality."

5 years ago

Treasury and IRS to delay tax payment deadline by 90 days

Taxpayers are about to get a three-month reprieve to pay income taxes owed, Treasury Secretary Steven Mnuchin said at a press conference on Tuesday.

5 years ago

Brent crude sinks below $30/bbl as recession fears weigh

Crude oil prices settled below $30 a barrel as the coronavirus pandemic slowed economic growth and oil demand on Tuesday while Saudi Arabia and Russia kept up their battle for market share.



5 years ago

Investors give thumbs down to potential shortened stock session

U.S. Treasury Secretary Steven Mnuchin's suggestion on Tuesday that the country's stock exchanges might shorten their trading hours did not go over well with investors reeling from Wall Street's worst day in three decades and growing fears about the coronavirus.



5 years ago

Macy's, Hudson's Bay to temporarily close U.S. stores due to virus outbreak

Department store operators Macy's Inc and Hudson's Bay decided on Tuesday to temporarily close all its stores in the United States due to the coronavirus pandemic, but said their e-commerce sites would continue to operate.



5 years ago

Norwegian Air asks for similar help to regional rival SAS

Struggling Norwegian Air needs government support similar to that which SAS received from the Danish and Swedish governments if it is to protect jobs in Norway as demand is strangled by the coronavirus outbreak.



5 years ago

U.S. airlines face push-back in Congress on $50 billion bailout proposal

Some Democrats in Congress are pushing back on aspects of a proposal by major airlines seeking $50 billion in grants and loans in the face of the massive travel slowdown as a result of the coronavirus pandemic.



5 years ago

The government wants to start sending millions of Americans a check. Here's how to use it wisely

As the coronavirus brings the U.S. economy to a halt, the Trump administration is weighing new ways to shore up Americans' financial security. That includes a proposal to cut a check for each American adult. Here's how you can use that windfall for the better.

5 years ago