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2020: Year in Business

2020 has been a tale of two economies. On Dec. 4, the stock markets hit all-time highs even as the government reported stagnant job growth and an unemployment rate of 6.7%. Investors continued to see stellar returns while millions lost their jobs and thousands of small businesses closed permanently. The pandemic moved most of America to a work-from-home schedule and hastened the migration to online shopping. The question now: Can President-elect Joe Biden keep the recovery going?

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Year in Review
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    • Retail
    • Unemployment
2020: Year in Business
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    Why are stock market prices rising despite the Covid pandemic?

    Why are stock market prices rising despite the Covid pandemic?

    One reason is that big corporations have not faced the economic pain that small businesses have Why are stock market valuations soaring when the real economy remains so fragile? One factor has become increasingly clear: the crisis has disproportionately affected small businesses and low-income …

    Here's How The Small Business Loan Program Went Wrong In Just 4 Weeks

    Here's How The Small Business Loan Program Went Wrong In Just 4 Weeks

    Trish Pugh started an Ohio trucking company with her husband in 2015. Even for a small business, it's small — they had two drivers, counting her husband, until they let one go because of the coronavirus crisis. And so her company applied for a loan under the first, $349 billion round of the Paycheck …

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