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Temporary change in PPP loans provides funding to small businesses only

On Monday, President Biden’s administration announced a temporary change to the Paycheck Protection Program that restricts the size of the company applying for a forgivable loan to just 20 employees. The change aims to make it easier to get necessary money into the hands of small businesses, minority-owned companies, and sole proprietors who haven’t been […]
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Tesla buys $1.5 billion in Bitcoin, will sell cars for cryptocurrency

On Monday, Tesla announced a purchase of around $1.5 billion USD in Bitcoin, the world’s most well-known cryptocurrency. A filing with the Securities and...

Kerrigan Index report reveals record-breaking stock valuations amid shaky economy

The COVID-19 pandemic rattled the American economy, and its impacts are still being felt in almost every sector. In 2020, many feared that the...

Impact of President Biden’s first executive actions on auto industry

Swearing in a new president usually means immediate executive actions, and this week’s inauguration of Joe Biden was no different. He got off to...

Stellantis shows positive results on first day of trading

As stock markets opened on Monday, Jan 18, Stellantis Chairman John Elkann rang the opening bell for Milan and Paris exchanges. In a prerecorded video, he said, “Stellantis represents...

Biden’s executive actions in first days could influence auto industry

Preparations are being made in the Capitol for Wednesday’s inauguration ceremony, transferring power to President-elect Joe Biden. Amid a heavy police and military presence,...

Deloitte report finds affordability concerns have affected main demographics

The 2021 Global Automotive Consumer Study by Deloitte unveils that as many as 23% of millennial car owners opted to defer car payments in 2020 amid...

J.D. Power’s Tyson Jominy on how 2020 results can prepare car dealers for the year ahead

To understand where 2021 auto sales could potentially be headed, dealers have to look back at what happened in the fourth quarter of 2020....
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