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IPOs On Pause As Gov’t Shutdown Drags On

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The government shutdown could force companies planning to go public in the early part of 2019 to postpone their IPOs. The shutdown, which is now the second-longest on record, has forced the SEC to furlough thousands of employees, as well as stop reviewing and approving all corporate registration statements, including IPO filings.

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JPMorgan: GDP Could Drop 40 Percent, Unemployment Could Reach 20 Percent

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” In general, economists have not been able to fully calculate the eventual effects of the pandemic and the shutdown. The number of those unemployed now surpasses the high from the 2009 recession, which maxed out at 6.64 Many firms are now looking at GDP drops of 30 percent — numbers unfathomable to modern times, CNBC reported.

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Coronavirus Has Shut Down 25 Pct Of US Economy

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The analysis looked at counties of all sizes and locations to get an idea of how the government shutdown is affecting the nation’s output. During the Great Recession, quarterly output dropped about 4 percent between the end 2007 and the middle of 2009. This is a natural disaster,” Zandi said. On Friday (April 3), the U.S. percent.

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SE Asia’s East Ventures Looks To Back Startups With $88M Fund

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With the new venture, the money will go toward hopefully offsetting some of the financial damage incurred by firms after the shutdowns imposed by most governments, intent on slowing the spread of the highly infectious virus. This will be East Ventures’ eighth fund since forming in 2009. As in the U.S. Crisis brings clarity.”.

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Retail Bankruptcies, Closures Faster This Year Than Last

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percent from the month prior — the weakest sales performance since December 2009. The reported noted that a subpar 2018 holiday season was a main factor, with December retail sales dropping 1.6 The bankruptcies of just these three retailers led to the closure of roughly 3,700 stores.

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Minneapolis Fed Chief Calls For ‘Generous’ SMB Funding

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Treasury Department’s Troubled Asset Relief Program (TARP) during the Great Recession of 2007-2009. A more recent effort, however, turned the spotlight on the needs of Main Street businesses, which have been especially hard-hit during the shutdowns. “I Kashkari was the director of the U.S.

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Personal Income, Consumer Spending Signal Weak Q1 Growth

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Amid the biggest drop in consumer spending since 2009, personal incomes in the U.S. percent in December in the largest fall since December of 2009. The Commerce Department didn’t publish the portion of the report for consumer spending due to the partial government shutdown.). declined for the first time in over three years.