Justin Ho

Reporter

SHORT BIO

I'm a finance reporter.

Latest Stories (272)

Feds' guidance hurt minority-owned businesses' PPP chances, report says

Oct 19, 2020
Washington advised banks to favor existing customers, leaving out many Black- and women-owned businesses, according to a House subcommittee.
Larger companies initially took advantage of the Paycheck Protection Program, which was intended to offer forgivable loans to smaller businesses.
Kameleon007 via Getty Images

Younger workers aren't as fazed by losing a job

Oct 16, 2020
The Marketplace-Edison Research Poll shows they're more confident they'll find new jobs within six months than older workers.
A bartender makes drinks at Eight Row Flint in Houston, Texas. Many young people work in the leisure and hospitality industry, which is bouncing back from the coronavirus recession.
Mark Felix/AFP via Getty Images

More optimistic about the recovery, big banks trim the reserves they set aside to cover bad loans

Oct 14, 2020
But if we're in for a double-dip recession, they'll need to set aside billions more than they currently have on hand.
Big banks, like JPMorgan Chase, are feeling more confident about the economic recovery after solid third quarter earnings.
Spencer Platt/Getty Images

Small businesses are having a hard time hiring, despite high unemployment

Oct 9, 2020
Many furloughed workers are hoping to return to their old jobs.
A waitress folds silverware at a restaurant in Youngstown, Ohio, in September. Small businesses are having trouble hiring even though millions of Americans are out of work.
Megan Jelinger/AFP via Getty Images

August's trade gap was the biggest in 14 years. That's probably good news

Oct 6, 2020
It's a sign that Americans have money to spend on consumer goods and businesses are importing parts for things they'll sell to consumers.
A container ship sits at the Port of Oakland in Northern California.
Justin Sullivan/Getty Images

Small businesses await clarity before applying for PPP loan forgiveness

Oct 5, 2020
The uncertainty over whether there'll be another round of loans — and whether small loans will be forgiven automatically — is holding them back.
Chairs are stacked on tables at a closed restaurant in New York City. Many small businesses are waiting until they hear from Congress to apply for PPP loan forgiveness.
Stephanie Keith/Getty Images

The COVID recession is driving more women than men from the job market

Oct 2, 2020
Industries that tend to employ women have been hit harder. The effects will reverberate long after the recession ends.
Four times more women than men dropped out of the job market in September.
martinedoucet/E+/Getty Images

As imports boom, warehouses fill up, and businesses face a storage shortage

Oct 1, 2020
The ports of Los Angeles and Long Beach handled record amounts of imports in August. Meanwhile, warehouse rents increased by 10% from this time last year.
Warehouse rents in Southern California are up roughly 10% compared to a year ago.
Virginie Goubier/AFP via Getty Images

Retail decline continues with bankruptcies and closures sped up by pandemic

Sep 29, 2020
Many retailers rely on robust holiday sales to boost the year's bottom line. Thanks to COVID-19, good luck with that.
A pedestrian walks past a permanently closed Jos. A. Bank clothing store in August in San Francisco. Tailored Brands, the parent company of Jos. A. Bank and Men's Wearhouse, is one of 29 big retailers to file for bankruptcy this year.
Justin Sullivan/Getty Images

Hotels continue to face fixed costs and low occupancy rates

Sep 29, 2020
Many urban hotels count on revenue from conferences in the fall that aren't happening because of the pandemic.
A tourist checks into a hotel in Savannah, Georgia, earlier this year.
Chandan Khanna/AFP via Getty Images