SBA disaster loan program is out of money, says Biden
President Biden said Tuesday that a key federal program that provides disaster loans to businesses and homeowners is leveraging funds in the aftermath of the back-to-back hurricanes. Biden said in a statement first reported. washington post He said the Small Business Administration's disaster loan program was a “critical lifeline for small businesses, homeowners and renters […]
Coca-Cola recalls 'zero sugar' lemonade after it's found to contain full sugar
Coca-Cola has recalled thousands of cans of Minute Maid Zero Sugar Lemonade that were improperly labeled and actually contained 40 grams of sugar in the regular lemonade formula. According to Submit to the Food and Drug Administration (FDA). of recollectionThe issue, which Coca-Cola issued in September but did not make public, affected 13,152 cases containing […]
Five takeaways from Trump's Bloomberg interview
Former President Trump had a wide-ranging and sometimes confrontational interview with the editor-in-chief of Bloomberg News on Tuesday. The former president clashed with Bloomberg's John Micklethwait over the impact of the tariffs that Trump has promised to aggressively impose if elected in November, as well as events after the 2020 election. The interview was an […]
Bloomberg editor: Harris declined interview on economy
Vice President Harris has “so far declined” invitations from the Chicago Economic Club and Bloomberg News to discuss her economic policy, one of the station's editors said Tuesday. At an event with former President Trump, Bloomberg Editor-in-Chief John Micklethwaite said, “For those of you who are on the record and watching TV, the Economic Club […]
National Retail Federation predicts record 2024 holiday sales
The National Retail Federation (NRF) said Tuesday that holiday sales are on track to set a new record in 2024 and could increase by up to 3.5% from 2023. NRF projects holiday retail sales from Nov. 1 to Dec. 31 will total approximately $980 billion and $990 billion, up from $955.6 billion for the same […]
5 things to know about Harris and Trump on taxes
The post-election period will focus on tax policy, as key parts of the tax law expire by the end of 2025. Key parts of former President Trump's flagship 2017 tax cut, the Tax Cuts and Jobs Act, are set to expire in 2026, including lower personal income tax rates. But President Trump and Vice President […]
Walgreens closing roughly 1,200 stores
Walgreens announced Tuesday that it will close about 1,200 stores over the next three years, 500 of which will close this fiscal year. The plan will free up cash flow and support adjusted earnings, according to a company press release. “FY2025 will be a year in which we rebuild important foundations as we move forward […]
FDA will reconsider decision barring copycat versions of Lilly weight loss drug
The Food and Drug Administration (FDA) announced it would reconsider its decision to remove Eli Lilly's blockbuster weight loss and diabetes drug from its official shortage list and allow compounding pharmacies to continue selling their own versions. A federal court in Texas on Friday granted the FDA's unopposed motion to halt litigation over the drug […]
Tom Donohue, former longtime Chamber CEO, dies
Tom Donahue, who led the U.S. Chamber of Commerce for more than 20 years before retiring in 2021, has died, the business lobbying giant announced Monday. The chamber represents Washington's biggest businesses, spends more money on federal lobbying than anyone else, and operates out of an ornate building across the street from the White House. […]
Economists expect higher inflation, deficits, interest rates under Trump than Harris: Poll
Economists predict that policies proposed by former President Donald Trump would result in higher inflation, national deficits and interest rates than those proposed by Vice President Harris, a new study shows. Ta. wall street journal find. A new poll conducted from October 4th to 8th found that 68% of respondents believe inflation will rise faster […]