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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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Walgreens will close 1,200 stores, hoping for a turnaround

Walgreens will close 1,200 stores, hoping for a turnaround

Walgreens says about a quarter of its stores are unprofitable. Big pharmacy chains are struggling with growing retail competition and lower prescription payouts.
by Alina Selyukh

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Petroleum drilling technology is now making carbon-free power

Petroleum drilling technology is now making carbon-free power

A new technique for harvesting geothermal energy being pioneered in Utah has passed a significant milestone: Southern California Edison has contracted for enough of the energy to power 400,000 homes.
by David Condos

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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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7-Eleven to close over 400 stores in North America

7-Eleven to close over 400 stores in North America

The ubiquitous convenience store owed its recent revenue drops to inflation, declining cigarette sales and a shift in palates toward fresh food and specialty drinks.
by Emma Bowman

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