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Justin Ho

Reporter

SHORT BIO

I'm a finance reporter.

Latest Stories (212)

Overdraft fees are hitting vulnerable communities the hardest

by Justin Ho
Jun 4, 2020
The fees can drive many out of the banking system entirely, experts say.
A man withdraws cash at a New York ATM in March. Banks charged over $11 billion on overdraft fees in 2019.
Cindy Ord/Getty Images
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Federal Reserve loan program targets mid-size businesses

by Justin Ho
Jun 3, 2020
The loans will be bigger than those from the Paycheck Protection Program — and they can't be forgiven.
A worker restocks groceries at a supermarket in Brooklyn in March. The Main Street Lending Program offers loans that would likely be hard for businesses like grocers or cafes to pay back.
Angela Weiss/AFP via Getty Images
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Companies are borrowing like crazy, even though their incomes are down

by Justin Ho
May 28, 2020
For some, borrowing's a lifeline. For others, it's a bargain.
A Hertz car-rental office in New York. The company filed for bankruptcy after amassing $19 billion in debt.
Cindy Ord/Getty Images
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As Congress weighs easing PPP rules, small businesses like what they hear

by Justin Ho
May 27, 2020
Among the proposed changes: more time to spend and pay back the funds, fewer restrictions on how to use it
A shuttered New York City business district in mid-May. Some of the rules that make the PPP confusing for businesses may change.
Spencer Platt/Getty Images
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Eight weeks in, businesses face hard choices over PPP loans

by Justin Ho
May 22, 2020
The federal relief loans can be forgiven if businesses spend 75% on payroll within eight weeks. For some businesses, that's a problem.
A bar in New York sells cocktails to go in March. Small businesses are still struggling eight weeks after the CARES Act became law.
Victor J. Blue/Getty Images
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Gas prices are low ahead of Memorial Day. But will people travel?

by Justin Ho
May 22, 2020
Travel could fall to record lows this holiday weekend, despite some of the cheapest gas in nearly two decades.
Gas prices heading into the Memorial Day weekend are at their lowest levels in nearly two decades.
Bruce Bennett/Getty Images
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Citi plans to buy PPP loans from minority-owned lenders

by Justin Ho
May 21, 2020
The arrangement would allow minority-owned lenders to take PPP loans off of their balance sheets.
Citi says it will purchase $50 million in loans from minority-owned lenders.
Bruce Bennett/Getty Images
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SBA says PPP loans are getting smaller in the second round of lending

by Justin Ho
May 20, 2020
Business advocates say that's a sign smaller businesses are finally getting the loans they applied for.
The SBA's changes for the latest round of lending appear to be helping smaller businesses.
Olivier Douliery/AFP via Getty Images
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Treasury offers new guidance on PPP loan forgiveness

by Justin Ho
May 19, 2020
The new application form for the forgiveness program offers some clarification on significant points.
The new guidelines mean businesses can bring back fewer employees and still meet the Treasury’s forgiveness requirements.
Joe Raedle/Getty Images
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Curbside pickup, delivery poised to boost Walmart sales

by Justin Ho
May 18, 2020
Walmart reports earnings this week, and is expected to show big gains in e-commerce amid the pandemic.
An employee restocks a shelf at an Ohio Walmart. Employees shop for customers for the chain's popular curbside pickup option.
Chris Hondros/Getty Images
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