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Business and Economic News

Head of the line: Big companies got coronavirus loans first

Head of the line: Big companies got coronavirus loans first

An Associated Press analysis of Small Business Administration’s Paycheck Protection Program shows that nearly a third of the loans approved in the program’s first week ranged from $150,000 to $10 million, the maximum allowed. 
by The Associated Press

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The end of $600 unemployment benefits will hit millions of households and the economy

The end of $600 unemployment benefits will hit millions of households and the economy

Millions of Americans who lost jobs during the pandemic are in danger of having their incomes cut for a second time. The sudden halt in payments would be felt in households and throughout the economy.
by Scott Horsley

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Helping north Minneapolis rebuild — and putting businesses on more solid ground

Helping north Minneapolis rebuild — and putting businesses on more solid ground

North Minneapolis was hit hard in the uprising following George Floyd’s killing. The destruction spread to more than 100 businesses — many of them locally owned shops that were already flat on their backs from the economic fallout from COVID-19.
by Melissa Townsend

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Some Minnesota employers happy to see extra jobless benefits end

Some Minnesota employers happy to see extra jobless benefits end

Enhanced unemployment benefits to help offset the economic blow from the COVID-19 pandemic expire soon if Congress doesn't act. Some employers think those increased benefits have kept people from returning to the workforce.
by Mark Zdechlik

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3M files lawsuits for price gouging of N95 masks

3M files lawsuits for price gouging of N95 masks

The leading manufacturer of N95 masks in the U.S. says it has investigated 4,000 reports of fraud, counterfeiting and price gouging in connection with the product and has filed 18 lawsuits.
by The Associated Press and MPR News Staff

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Exact change please: Walmart, Kroger, CVS are feeling the coin shortage

Exact change please: Walmart, Kroger, CVS are feeling the coin shortage

Stores, supermarkets and gas stations are grappling with low supplies of pocket change. The national shortage is due in part to people going out less to spend money during the pandemic.
by Alina Selyukh

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