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Stock impact report

Treasury Clarifies Small-Business Loans as Fed Vows Transparency [The New York Times]

Shake Shack, Inc. Class A (SHAK) 
Last shake shack, inc. class a earnings: 2/24 04:05 pm Check Earnings Report
Skip to contentSkip to site indexPoliticsToday’s Paper|Treasury Clarifies Small-Business Loans as Fed Vows Transparencyhttps://nyti.ms/3auG9RXmentContinue reading the main storyThe two institutions, actively deploying hundreds of billions of dollars in taxpayer funding, moved to assuage concerns about where the money is going.Shake Shack, with 189 outlets and nearly 8,000 employees in the United States, said it would return the $10 million small business emergency loan it had received.Credit...Brittainy Newman/The New York TimesByAlan RappeportJeanna SmialekWASHINGTON — The Trump administration moved on Thursday to ensure that large corporations with access to capital are not improperly taking emergency small-business loans and the Federal Reserve committed to greater immediate transparency about how its bailout funds are deployed, amid growing concerns about how hundreds of billions of dollars of economic relief money are being allocated.The actions came as Congress passed a $484 bil Show less Read more
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