Reimagining the EconomyCOVID-19Make Me Smart DailyRace and Economy

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Justin Ho

Reporter

SHORT BIO

I'm a finance reporter.

Latest Stories (226)

COVID-19

Brooks Brothers files for bankruptcy

by Justin Ho
Jul 8, 2020
The 200-year-old company has been hit hard by the pandemic. But suit sales have been on the decline for years.
A Brooks Brothers store in downtown Los Angeles in 2010. Formal menswear was struggling before the pandemic.
Robyn Beck/AFP via Getty Images
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COVID-19

After a 3-month borrowing spree, corporations put the brakes on more debt

by Justin Ho
Jul 6, 2020
Some borrow less because they're optimistic, some because they're pessimistic and some because they're cautious.
A face mask hangs on a fence outside the New York Stock Exchange. Corporate borrowing has slowed as companies reconsider the economic future.
Johannes Eisele/AFP via Getty Images
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Race and Economy

Netflix will deposit $100 million in Black-owned banks

by Justin Ho
Jun 30, 2020
The move should help the banks make more loans in communities of color. But deposits are just one way to help the institutions.
Olivier Douliery/AFP via Getty Images
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COVID-19

Why some business owners are applying for PPP loans at the last minute

by Justin Ho
Jun 29, 2020
The deadline for Paycheck Protection Program loan approvals is Tuesday. Some haven't been clear about their eligibility. Others have been trying since the beginning.
A woman makes a purchase at a Nevada coffee shop. Some small business owners are applying for PPP loans now because they weren't sure whether they were eligible before.
Ethan Miller/Getty Images
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COVID-19

Consumer spending rises — for now

by Justin Ho
Jun 26, 2020
An 8% uptick in May follows a 20% drop over March and April. That's the good news. There are plenty of potential economic blows on the horizon.
Consumer spending in the United States shot up a record 8.2% in May, but it doesn't mean recovery is on the way.
Spencer Platt/Getty Images
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COVID-19

The IMF predicts the global economy will shrink by 5% this year

by Justin Ho
Jun 24, 2020
That means fewer jobs and more debt. And the U.S. may be in for even worse.
A man passes graffiti about the coronavirus in Beirut, Lebanon. The IMF is predicting a world-wide downturn of 5% as people spend less money while stuck at home due to COVID-19.
Patrick Baz/AFP via Getty Images
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Race and Economy

More companies offer a paid day off for Juneteenth

by Justin Ho
Jun 19, 2020
Some corporations made the move just days ago.
Marchers celebrating Juneteenth at the Martin Luther King, Jr. Memorial in Washington on Friday.
Olivier Douliery/AFP via Getty Images
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COVID-19

Some businesses now have an easier way to apply for PPP loan forgiveness

by Justin Ho
Jun 18, 2020
The SBA and the Treasury Department released a streamlined forgiveness application for PPP loans this week.
A restaurant owner waits for customers in Key West, Florida.
Joe Raedle/Getty Images
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COVID-19

Banks are getting a boost from PPP loans

by Justin Ho
Jun 12, 2020
The program's helping them attract new customers and bring in revenue during the downturn.
A bank branch in Los Angeles. Banks processing PPP loans are seeing new business from those customers and generating fees from the government.
Valerie Macon/AFP via Getty Images
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COVID-19

Household debt up 4% in the first quarter

by Justin Ho
Jun 12, 2020
About 1 in 6 households reports having more debt now than before the COVID-19 crisis.
David McNew/Getty Images
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