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Business and Economic News

Small business disaster loan program is out of money until new funds are approved

Small business disaster loan program is out of money until new funds are approved

The SBA’s disaster loan program has run out of money, it announced on Tuesday. The agency expects to receive new funding from Congress, and will continue to accept applications in the meantime.
by Andrea Hsu and Miguel Macias

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Trump uses interview on economics to promote tariffs and riff on his favorite themes

Trump uses interview on economics to promote tariffs and riff on his favorite themes

Donald Trump has seized on an opening to sound his frequent argument that imposing huge tariffs on foreign goods would amount to an economic elixir — one he claims would raise enormous sums for the government, protect U.S. firms from overseas competition and prod foreign companies to open factories in the United States. 
by The Associated Press

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Nobel economics prize is awarded for research into why countries succeed or fail

Nobel economics prize is awarded for research into why countries succeed or fail

The Nobel memorial prize in economics has been awarded to Daron Acemoglu, Simon Johnson and James A. Robinson for research into reasons why some countries succeed and others fail.
by The Associated Press

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Inside the TikTok documents: Stripping teens and boosting ‘attractive’ people

Inside the TikTok documents: Stripping teens and boosting ‘attractive’ people

A trove of secret documents show teens’ increasingly reliant on TikTok and how executives were acutely aware of the potential harm the app can cause young people, but appeared unconcerned.
by Bobby Allyn, Sylvia Goodman and Dara Kerr

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