Treasury rout pushes bond funds into riskier assets

Optimism about the economic recovery triggered a massive sale of US Treasuries this pushes bond investors to take cover in some unlikely havens. Fund managers are focusing on junk bonds, corporate loans, equity-linked bonds and even stocks, analysts and investors said, while selling assets that trade more with government debt, including mortgage-backed and investment grade…

A Lafayette youth baseball league reportedly got a $ 5 million PPP loan. Here’s What Really Happened – Times-Herald

The Reddit questions and threads began days after the US Small Business Administration posted the names of thousands of businesses that received loans under the Federal Paycheck Protection Program. Why, they asked, did a youth baseball league in Lafayette need a $ 5 million to $ 10 million federal loan? The loan, granted to Lafayette…

Schumer calls on Biden administration to use executive order to cancel student loan

News 12 Staff November 24, 2020, 10:43 p.m. Updated: November 24, 2020, 10:43 p.m. Student loan debt is a serious problem for many higher education students, resulting in years, if not decades, of financial sacrifice to pay off. Senator Chuck Schumer is calling on President-elect Joe Biden’s administration to address the issue by potentially forgiving…