PRESS DIGEST-British Business – April 23

Ruben Onsu

TipRanks

2 Dividend Stocks Yielding at Least 7%; Analyst Says ‘Buy’

The stock market pulled back from all-time highs this week, as investors paused to consider just what’s been goosing stocks – and what the future may hold. A flood of stimulus cash, unleashed by the Biden Administration’s big spending bills, is set to push GDP growth to 9% for 3Q21, but next year looks like it will slip back as the spending runs its course. Economists are predicting 5.5% GDP growth next year. This bodes poorly for cyclical stocks, which tend to reflect macro volatility. As Morgan Stanley’s chief

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Richmond nixes Bally’s casino proposal

Ruben Onsu

Field narrowed to two options: Urban One and The Cordish Cos.

Rendering of Bally’s Corp.’s proposed casino in Richmond, now out of the running as of April 21.

The city of Richmond has cut the $650 million Bally’s casino proposal from consideration, leaving two competitors, the mayor’s office announced Wednesday morning.

The Live! Casino & Hotel proposal by Baltimore-based The Cordish Cos. and ONE Casino and Resort, proposed by Silver Spring, Maryland-based Urban One, are the only two options now being considered by an evaluation panel named by the city. According to a

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Womply Partners with Harvest Small Business Finance to Help Underserved Businesses and Workers Access Forgivable Loans Using PPP Fast Lane

Ruben Onsu

Womply, the local commerce platform that provides apps, APIs, marketing, and financial tools to make local commerce happen, today announced a new partnership with Harvest Small Business Finance to help more of America’s struggling small businesses, gig workers, independent contractors, and self-employed people access vital Paycheck Protection Program (PPP) funding with as little friction as possible.

Adam Seery, COO of Harvest Small Business Finance, said, “We are very proud of our new partnership with Womply to help more small businesses and hard-working individuals get access to these federal PPP loans. From the beginning, Harvest has specialized in providing affordable loan

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Why startups and new businesses are moving to Austin

Ruben Onsu

AUSTIN (KXAN) — The Austin Chamber of Commerce reports dozens of businesses relocating or expanding in Austin just this year. Many of them are startups from other states, as reported by KXAN’s media partners at Austin Business Journal.

Markaaz is one of them.

“Markaaz is the world’s first and only community for small and medium businesses to connect with with each other to find everything they need to grow, run and manage their business,” said Hany Fam, founder and CEO.

A vision Fam first brought to life in California in January 2020.

“If someone had said to me

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U.S. readies small-business grants as PPP nears end

Ruben Onsu

The federal government is preparing to open two new industry-specific small-business relief programs, one of them months in the works, as its signature pandemic aid effort, the Paycheck Protection Program, nears its end.

The Small Business Administration said it hopes to start taking applications by the end of this week for a $16 billion grant fund for live-event businesses like theaters and music clubs. The program, the Shuttered Venue Operators Grant, was supposed to begin nearly two weeks ago, but its application system malfunctioned and collapsed, stymieing thousands of desperate businesses that have been waiting months for the promised

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Opening Florida for business as COVID-19 variants surge a ‘risky proposition’

Ruben Onsu

JACKSONVILLE, Fla. – Dr. Anthony Fauci, the White House chief medical advisor, told News4Jax this week that opening Florida without coronavirus precautions in place is a “risky proposition” as variants of the sometimes deadly virus continue to surge.

Florida has the most documented cases of the U.K variant, a strain that is more contagious compared to SARS-CoV-2 and has the potential to be more deadly.

The variant known as B117, which first emerged in the United Kingdom, has become the predominant strain in the U.S. The U.S. is setting up a $1.7 billion national network to identify and track

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