GoDaddy CEO: The second round of PPP loans will help the smallest businesses. But more needs to be done
CNN
When the federal government announced the Payroll Protection Program a few months after the pandemic began in 2020, many microbusiness owners -- those with just one to 10 employees -- assumed they'd have little problem securing one of the interest-free loans. Many of them were disappointed.
In fact, nearly 79% of the PPP funds distributed were for loans greater than $100,000, and more than one-third of those loans were for between $1 and $5 million or greater -- much larger than a typical microbusiness owner needed to survive. One of the biggest hurdles microbusinesses faced in getting loans approved was connecting with the traditional big banks that did most of the lending.
Dozens of people beamed alongside Donald Trump early Wednesday morning as he was elected America’s next president – including three generations of family, longtime friends, key advisers, his running mate, close political allies and Ultimate Fighting Championship CEO Dana White – but the architect of his remarkable political comeback was nearly invisible amid the celebratory throng.
Democratic governors and attorneys general are beginning to build a Resistance 2.0, talking tough and promising new laws and legal battles as they seek to insulate their states from the conservative policies they expect President-elect Donald Trump to implement.
CNN asked readers to share feelings about the 2024 election. More than 2,000 respondents revealed mixed emotions over the outcome.
Young liberal women across TikTok and Instagram are discussing and sharing information about the South Korean feminist movement, in which straight women refuse to marry, have children, date or have sex with men.
Qatar agreed in recent weeks to kick Hamas out of its country following a request from the US to do so, capping off months of failed attempts to try to get the militant group – whose top leaders reside in the Qatari capital of Doha – to accept a ceasefire and hostage release deal in the Israel-Hamas war, US and Qatari sources told CNN.
Federal and state authorities are working to find the origins of racist text messages sent to Black people across the country threatening them with slavery and telling them they were “selected to pick cotton at the nearest plantation.”
A Federal Emergency Management Agency employee has been removed from her role after she advised her disaster relief team to avoid homes with signs supporting President Donald Trump while canvassing in Florida in the aftermath of Hurricane Milton, the agency said Friday.
Democratic Sen. Jacky Rosen will win reelection in Nevada, CNN projects, holding off Republicans from adding to their incoming majority in the US Senate.
Democratic Rep. Jared Moskowitz said Friday that local police in his Florida district notified him about a “potential plot” against his life and told him that an armed man had been arrested not far from his home.
Pentagon officials are holding informal discussions about how the Department of Defense would respond if Donald Trump issues orders to deploy active-duty troops domestically and fire large swaths of apolitical staffers, defense officials told CNN.
A businessman was killed in an apparently targeted shooting at São Paulo’s international airport on Friday, CNN Brasil reports.