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Economy

Temporary change in PPP loans provides funding to small businesses only

Jason Unrau - 0
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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Technology

Tesla buys $1.5 billion in Bitcoin, will sell cars for cryptocurrency

Jason Unrau - 0
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...
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Economy

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

Chanell Turner - 0
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...
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Economy

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

Kimberly Hurley - 0
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...
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Economy

Stellantis shows positive results on first day of trading

Jason Unrau - 0
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...
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Economy

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

Jason Unrau - 0
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,...
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Economy

Deloitte report finds affordability concerns have affected main demographics

Jason Unrau - 0
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...
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Industry News

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

CBT News - 0
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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