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The approval rate for small business loans from big banks increased from 11.5% in May to 13.5% in June, according to the Biz2Credit Small Business Lending Index.
The approval rate was higher among smaller banks, increasing from 16.9 percent in May to 18.4 percent in June.
Approval rates at institutional lenders and credit unions rose slightly.
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American workers may find themselves unemployed a second time due to resumed shutdowns or PPP depletion
The CARES Act and other rules allow people to get benefits over a longer period of time
What happens when the ‘benefit year’ ends
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U.S. producer prices unexpectedly fell in June as weakness in services offset rising costs for energy goods
Deflation remains unlikely as the economy battles depressed demand caused by the COVID-19 pandemic
Lower interest rates likely to continue
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New insurance products aim to protect businesses from disruptions caused by future pandemics
COVID-19 creates new opportunities for insurers to plug gaps in policies
Products provide peace of mind, but usually don’t come cheap
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Positive news on an antiviral treatment to combat COVID-19 helped offset investor concerns about the rising tally of virus cases in the United States
Nasdaq continues record closing streak while S&P 500 and Dow underperform
Reopening plans stall in several states on higher coronavirus case counts
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Joe Biden is proposing sweeping new uses of the federal government’s regulatory and spending power to bolster U.S. manufacturing and technology firms.
Plan calls for $700 billion investment in American goods and services as well as R&D at tech firms
Biden has previously pledged other policies such as raising the minimum wage and strengthening collective bargaining
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More than 1.3 million Americans applied for unemployment benefits last week
Resurgence in COVID-19 cases forces reversal or pause of reopening plans in several states
Companies warn of potential need for further layoffs as economy regains only about one-third of jobs lost in March and April
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FlexJobs identified the best 25 freelance side jobs for working professionals who may be struggling during the COVID-19 pandemic
The gig economy was booming even before the pandemic, with nearly one-third of workers finding supplemental sources of income
Side gigs can lead to more flexible work or opportunities for full-time work
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LendingTree analyzed survey data from the U.S. Census Bureau to see which cities have felt the least impact on their businesses due to COVID-19
Cities in Kentucky, Virginia, and Arizona top the list
Recent reopening and local grants help ease the burden
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State economic agencies turn focus to supporting existing businesses impacted by COVID-19 pandemic
Loan programs and other relief supplement federal efforts to minimize business closings and layoffs
Push for onshoring set to renew competition among states for emerging jobs
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