House bill eases rules around how small businesses can use PPP funding


Wine store employees catalog a new shipment of alcohol on May 28, 2020 in New York City. Government guidelines encourage wearing a mask in public with strong social distancing in effect as all 50 states in the USA have begun a gradual process to slowly reopen after weeks of stay-at-home measures to slow the spread of COVID-19. (Photo by Alexi Rosenfeld/Getty Images)

Alexi Rosenfeld

A bill that passed yesterday in the House of Representatives has some sought-after changes to a forgivable loan program for small-business owners.

The new legislation, the Paycheck Protection Program Flexibility Act, addresses entrepreneurs’ concerns around loan

Read More

United cuts 13 execs as travel demand ‘a very long way from where it was’


A pilot walks by United Airlines planes as they sit parked at gates at San Francisco International Airport on April 12, 2020 in San Francisco, California.

Justin Sullivan | Getty Images

United Airlines on Friday said it’s planning to cut 13 of its 67 officers in an effort to save money as coronavirus continues to keep a lid on travel demand.

The Chicago-based carrier, like its competitors American and Delta, are offering voluntary separation agreements and other packages to thousands of employees. Layoffs or cuts to pay rates are prohibited through Sept. 30 under the terms of $25 billion in

Read More

New York City is on track to begin ‘phase one’ reopening on June 8, Gov. Cuomo says


New York City, closed down due to the coronavirus pandemic, is expected to begin a “phase one” reopening on June 8, New York Gov. Andrew Cuomo said Friday.

“We know where the hot spots are in the city, we want to focus on them next week, be ready to open,” Cuomo said during a news conference in New Rochelle, New York. “We’re on track to open on June 8, which is one week from Monday.”

The Long Island and Mid-Hudson regions began their phase one reopening this week, leaving New York City the only region in the state to remain

Read More

Led by Tesla, electric vehicle sales are predicted to surge in 2021


Tesla Inc CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020.

Aly Song | Reuters

This could be Elon Musk’s moment, or at least when his vision of mass use of electric cars finally takes hold.

A new report by Cairn Energy Research Advisors, a research firm focused on the battery and EV industries, predicts a surge in electric vehicle sales in 2021 as countries around the world push new programs to encourage consumers to buy battery powered vehicles.  Cairn estimates global sales of EVs in 2021 will jump

Read More