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The Indian e-commerce market is growing at the rate of knots courtesy rapid digital transformation

India has cemented its position as a pioneer in developing and integrating digital infrastructure. …

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Just a third of the money from the government's massive Payroll Protection Program actually helped keep workers employed, study says

The program was "highly regressive," researchers said. Of the $510 billion in initial PPP loans, $3…

Ben Winck   


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Fintechs helped Black-owned small businesses get access to PPP loans during the pandemic more than banks did. It's weird.

A working paper finds automation may have helped Black businesses's access to PPP loans, but AI als…

Madison Hoff   


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Coinbase abandons plans for crypto lending program after spat with the SEC

Coinbase earlier this month said the SEC would likely sue the exchange if it were to launch its cry…

Isabelle Lee   


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China-based BRICS bank aims to de-dollarize debt by expanding local currency lending

The New Development Bank has plans to expand lending in Brazilian, South African, and Indian curren…

Filip De Mott   


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Biden is lending billions to Ford to help America win the EV race with China

The Department of Energy has allocated $9.2 billion to a joint venture involving Ford and a Korean …

Ryan Hogg   


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Inequality and hate crimes against Asian Americans could wipe out $700 billion from the US economy

More than a third of the hate crimes against Asian Americans in the last year happened to business …

Emily Canal   


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JOIN US TODAY: Sign up for our live event on how to make the most out of PPP

A new round of $325 billion in funding is coming. Ask Insider journalists about the ins and outs of…

Business Insider   


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Walmart does away with layaway, which didn't carry any fees, and announces buy now, pay later program that may charge customers interest

After making layaway a part of holiday shopping since 2006, Walmart will now rely on Affirm, a buy-…

Emily Walsh   


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Tens of thousands of PPP loans at high risk for 'fraud, waste, and abuse,' House Democrats say

More than $1 billion in relief funds were made to firms receiving multiple loans, the group said. T…

Ben Winck   


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WATCH: How business owners can make the most of PPP

Watch our webinar to learn if your business qualifies for up to $2 million in forgivable loans from…

Bartie Scott,Jennifer Ortakal…   


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Small businesses only accounted for 18% of pandemic-driven job losses, Goldman Sachs says

Active small businesses shrank by 25% in April but now stand just 6% below their pre-COVID level, a…

Ben Winck   


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Failure to pass new small-business aid will fuel 'a wave of permanent closures,' CEOs warn in letter to Congress

Lawmakers need to extend loan availability, speed up funds' delivery, and make capital more easily …

Ben Winck   


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Markets must understand support programs propping up prices won't go on 'indefinitely', Dallas Fed's Kaplan says

The Dallas Fed president said that the markets need to function without support, and that "the Fed …

Emily Graffeo   


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The Paycheck Protection Program saved up to 3.2 million jobs during the coronavirus pandemic, study says

Forgivable loans made through the program also lifted employment at eligible small businesses by 2%…

Ben Winck   


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Roughly 17% of US restaurants have permanently shut down since the start of the pandemic as industry leaders warn of an 'unprecedented economic decline'

The majority of restaurants that closed were not brand-new businesses, the association found: on av…

Avery Hartmans   


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Stimulus and government funding talks will likely require an additional week for an agreement: report

Two sizable barriers between Democrats and the GOP in a relief package are liability protections an…

John L. Dorman   


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As many as 14% of small businesses may lay off workers when their PPP loans run out

"Those businesses hardest hit by the crisis will likely need additional help," NFIB analysts wrote …

Carmen Reinicke   


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Fed extends small business aid lending program by 3 months

The Paycheck Protection Program itself is expiring March 31, but its liquidity facility will run th…

Ayelet Sheffey   


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The Fed's Main Street Lending Program is now open and encouraging banks to start making loans

Lenders can find registration documents on the program site and "are encouraged to begin making Mai…

Carmen Reinicke