US stocks slip in mixed trading as rate pressure ratchets up | Business

Desy Papper

NEW YORK (AP) — U.S. stock indexes are edging lower in afternoon trading on Tuesday as another swell higher for Treasury yields adds pressure on big technology stocks.

The S&P 500 was down 0.5%, a day after slipping from its record high, with nearly 60% of stocks in the index falling. The Dow Jones Industrial Average slipped 128 points from its all-time high set a day before, or 0.4%, to 33,043, as of 1:15 p.m. Eastern time. The Nasdaq composite fell 0.4%.

The spotlight was again on the bond market, where the yield on the 10-year Treasury rose to 1.73%

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DLBA Program Provides Help, Financing To Small Business Owners | Business

Desy Papper

It’s 9 p.m. on a Monday night and Ashley Arnold is in organized chaos mode.

She has two freezers worth of her locally-famous Whoopie pies chilling. Her convection oven is filled with cookies and brownies that will be sold the next day at the Bixby Park farmer’s market and the tables in her dining room are filled with trays and plastic wrappers and stickers to put on her treats.

Arnold is the owner of Ladie Kakes, a one-person, pop-up business that works the local markets four days a week, does catering on the weekends, and trade shows and special events

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SBA increasing amount of money businesses can borrow, extending time to pay it back

Desy Papper

For Alpha Coffee, the pandemic has been a financial grind.

“It was a gut punch. It really was,” said owner Carl Churchill.

He says the COVID-19 crisis cost his small business big money.

To help clot the financial bleeding, Churchill took an $80,000 loan from the Small Business Administration. With 33 employees to pay and other expenses, however, that money went fast.

“Our payroll is about $45,000 every two weeks. Our rent is about $10,000 a month,” he said. “At the end of the day, we’re making a small amount of money. So, the margins are really

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Weld County retail food inspections for March 22-26, 2021

Desy Papper

Weld County evaluates restaurants, schools, grocery stores and other facilities that handle food on a scale of three categories — pass, re-inspection required, and closed. As part of the county’s scoring index, officials evaluate facilities on factors such as cooling, reheating, cooking refrigeration and hot-holding equipment, cross-contamination between raw foods and ready-to-eat foods and employee hygiene, according to the county.

“Pass” — the establishment meets fundamental food safety standards. The establishment could have some priority, priority foundation or core violations. Some or all violations were corrected during inspection.

“Re-inspection required” — food safety violations were found and corrections may have

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Small El Paso businesses get more time to get PPP loans

Desy Papper

Small business owners who still want to get a Paycheck Protection Program, or PPP, loan have been given more time to apply.

President Joe Biden Tuesday signed the PPP Extension Act of 2021 into law, extending the forgivable loan program an additional two months to May 31. It also allows the Small Business Administration until June 30 to process all applications, the SBA reported.

The program, aimed at helping small businesses hurt by COVID-19 pandemic restrictions, has provided 8.73 million loans totaling $734.1 billion, including 3.6 million loans for $211.8 billion in a new round this year, SBA data show.

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