Treasury Secretary Janet Yellen unveiled a new $9 billion initiative for lenders serving low-income communities, expanding the government’s assistance to small and minority-owned businesses walloped by the pandemic.

  • Saleha Mohsin | Bloomberg
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Texas Governor Greg Abbott lifted the mask mandate and other anti-pandemic restrictions, defying warnings from health officials about the perils of dropping those precautions too soon.

  • Joe Carroll and Paul Stinson | Bloomberg
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  • Olivia Rockeman | Bloomberg
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Texas Governor Greg Abbott lifted the mask mandate and other anti-pandemic restrictions, defying warnings from health officials about the perils of dropping those precautions too soon.

  • Joe Carroll and Paul Stinson | Bloomberg
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Zoom Video Communications Inc. projected annual revenue that would top analysts’ estimates, signaling the video meeting service expects to remain a ubiquitous presence in daily life even as the pandemic recedes. Shares jumped about 10% extended trading.

  • Dina Bass | Bloomberg
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U.S. consumer prices are headed higher -– at least according to the people who set them.Corporate leaders are increasingly confident that they can charge more for their products without losing business. On recent earnings calls, plenty of executives said they boosted prices in response to the higher costs they’re having to pay. And many expect further increases, with economic growth speeding up and commodity prices showing no sign of coming off the boil.

  • Vince Golle and Olivia Rockeman | Bloomberg
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Private equity firm Advent International is merging portfolio companies Transaction Services Group and Clearent, paving the way to another payments giant.

  • Jan-Henrik Förster and Crystal Tse | Bloomberg
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Private equity firm Advent International is planning to merge portfolio companies Transaction Services Group and Clearent, which both provide payment services, according to people with knowledge of the matter.

  • Jan-Henrik Förster and Crystal Tse | Bloomberg
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President Joe Biden said his administration is seeking to help small businesses by giving them exclusive access to the Paycheck Protection Program for two weeks, and he called on lawmakers to pass his $1.9 trillion stimulus plan to provide additional assistance.

  • Mario Parker, Mark Niquette and Laura Davison | Bloomberg
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The energy crisis crippling power grids across the U.S. showed no sign of abating on Tuesday morning as blackouts left almost 5 million customers without electricity during unprecedented cold weather.

  • Brian K. Sullivan and Naureen S. Malik | Bloomberg
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Early in the Covid-19 pandemic, they won widespread praise. But the political fortunes of governors Andrew Cuomo of New York and Gavin Newsom of California have sharply reversed.

  • Jeffrey Taylor and Keshia Clukey | Bloomberg
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Facebook Inc. internal emails made public in court reveal an employee’s concerns the company misrepresented advertisers’ estimated audience, calling the practice “deeply wrong.”

  • Peter Blumberg | Bloomberg
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Vice President Kamala Harris plans to meet with a group of female Democratic lawmakers and advocacy groups on Thursday as part of the White House’s push to build support for its $1.9 trillion virus relief bill.

  • Jordan Fabian | Bloomberg
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Data show a rise in interest in anti-racist and social justice titles following George Floyd’s death. As black-owned bookstores are scrambling to keep up with demand, they’re hopeful it continues.

The government’s Paycheck Protection Program initially ran dry, prompting outrage. The new problem: Now not enough businesses are taking advantage.

Minority business owners, especially black and Latino ones, may be especially vulnerable because they’re less likely to have a financial cushion and also tend to be in industries severely affected by the pandemic, advocates and researchers say.

There’s a growing chorus of small-business owners who are angry that WeWork is refusing refunds for a space they can no longer use.

Extreme weather means Midwest farm country, usually green, looks brown from orbit.

Farmers in America's corn and soy belts have faced up to four times as much rain as they normally get in the last two months, making it difficult to plant their crops.

Gene runs down the key takeaways from his favorite stories.

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