Brexit: UK’s smallest firms divert £10bn in exports away from EU

Britain’s smallest companies are “jumping before they are pushed” by diverting £10bn in exports away from the EU as concerns mount over a possible collapse in Brexit trade talks, according to a report. The research from academics at Aston University, which comes before the latest round of Brexit negotiations this week, showed small British firms were ramping up sales to […]

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Millions of PPP Loan-Forgiveness Requests Are About to Rain on Banks

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. Banks are preparing for a flood of applications for loan forgiveness under the U.S. Paycheck Protection Program, marshaling staff to help borrowers navigate a complicated process that recalls the fraught early days of the […]

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Mad Dash for Small-Business Loans Slows Down to Glacial Pace

The pace of processing loans from a popular coronavirus relief program for U.S. small businesses has slowed abruptly, allaying initial concerns that a second round of funding would be exhausted in a matter of days. The initial $349 billion for the Paycheck Protection Program ran out in 13 days, finishing at a clip of more than $30 billion per weekday. […]

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For Sweetgreen, A Pivot to Plates to Combat Plummeting Sales

LISTEN TO ARTICLE SHARE THIS ARTICLE Sweetgreen became a company with a $1.6 billion valuation by following a simple formula: Serve a creative salad in a bowl. But with plunging demand for a grab-and-go office lunch—which accounts for the bulk of Sweetgreen’s sales—and tumbling revenue, the company is trying to evolve their business. On Thursday, April 30th, Sweetgreen will start […]

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Stocks rally as small-business relief clears Senate, oil soars

Which sectors will perform best, worst as coronavirus continues? Chief investment strategist at Charles Schwab Liz Ann Sonders joins Barron’s markets editor Ben Levisohn, Barron’s reporter Carleton English and Barron’s associate editor Jack Hough to discuss which economic indicators investors should watch for. U.S. equity markets are on track to snap a two-day skid after a $483 billion coronavirus aid package […]

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Small Businesses Await Funds as Congress Talks Near an Agreement

Congressional leaders are on the brink of a deal to bring a fresh round of pandemic relief to small businesses, seeking to overcome partisan squabbling less than a week after the $349 billion Paycheck Protection Program ran out of funds. The Senate has scheduled a late afternoon session Tuesday in anticipation of approving an agreement on a nearly $500 billion […]

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Shake Shack Will Return Its Entire $10 Million U.S. Government Loan

Shake Shack, the U.S.-based burger chain, will return its entire $10 million loan from the U.S. government, the company’s leaders said in a statement, amid widespread criticism over who got access to the funds aimed at saving small businesses before they were depleted. More than a dozen publicly traded companies with revenue topping $100 million received funds before the program […]

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A Month of Lockdowns on Main Street and Aid Already Ran Out

This week marked the first full month of lockdowns for many small businesses across the U.S., with no prospect of life getting back to normal anytime soon. The $349 billion federal relief package for small companies ran out in less than two weeks, leaving many mom and pop store owners shut out after spending days desperately trying to get a lifeline for their […]

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