Small business owners share their difficult and confusing journeys in applying for the Paycheck Protection Program loan.
A Texas woman who received nearly $2 million in Paycheck Protection Program loans amid the ongoing coronavirus pandemic was arrested Tuesday by federal authorities on fraud allegations.
Lola Shalewa Barbara Kasali, of Houston, was charged with making false statements to a financial institution, wire fraud, bank fraud and engaging in unlawful monetary transactions,…
ASX rises; Westpac forecasts October rate cut to 0.1pc – The Australian Financial Review
Australian shares are trading firmly higher; NAB, Westpac tip RBA cash rate and yield curve target will be cut to 0.1 per cent; UK introduces new lockdown measures; Preliminary retail sales fall 4.2 per cent in August; RBNZ keeps rates on hold.
Westpac is forecasting the Reserve Bank of Australia will cut the cash rate to 10 basis points when it meets in October.
The bank is also tipping the RBA will adopt a 10 basis point three year bond target and adjust the rate on any new drawdown on the term funding facility to 10 basis points.
Westpac chief economist said deputy governor Guy Debelle’s speech on Tuesday gave a fairly clear hint the board would cut the cash rate and other key policy rates when it next meets on October 6.
Tesla boss Elon Musk wants Tesla to be the ‘best at manufacturing’ – NEWS.com.au
Tesla boss Elon Musk wants Tesla to be the ‘best at manufacturing’
Tesla boss Elon Musk wants the electric vehicle and battery maker to be the best at manufacturing of any company on Earth in a bid to bring down electric vehicle costs and accelerate the transition to sustainable energy.Elon Musk said that will be the company’s goal and how its eventual success is measured.
“By how many years did we accelerate sustainable energy? That’s the true metric of success,” Mr Musk said, adding: “It matters if sustainable energy happens faster or slower.”
“We’re going …
Plenti punished on debut – The Australian Financial Review
Shares in the non-bank lender opened down sharply when the largest initial public offering of the year launched, as investors showed caution about unsecured personal lending.
Meanwhile, about 1000 retail investors that invest over the platform supplying debt funding for the loans were also sitting on steep paper losses on Wednesday after putting in equity to become shareholders. Bell Potter and Wilsons advised on the deal.
Investment bankers will closely monitor the performance of Plenti in the coming weeks given other fintech personal lenders Harmoney and SocietyOne may also consider initial public offerings depending on market conditions in the coming months.
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