How $349 billion was doled out, Whole Foods' heat map, and what's next for oil
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Matt Turner
Apr 26, 2020, 20:00 IST
Olivia Reaney / Business Insider
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The floodgates opened on April 3, just before 9 a.m. on the East Coast, as applications for Bank of America's small business loans started pouring into its new online portal.
Their story provides fresh insight into how almost $350 billion of government money was divvied up by banks as part of the Paycheck Protection Program (PPP) in a process that's drawn a bunch of scrutiny. Specifically:
Hayley Peterson reported this week that Amazon-owned Whole Foods is keeping an eye on stores at risk of unionizing through an interactive heat map. From her story:
The heat map is powered by an elaborate scoring system, which assigns a rating to each of Whole Foods' 510 stores based on the likelihood that their employees might form or join a union.
The stores' individual risk scores are calculated from more than two dozen metrics, including employee "loyalty," turnover, and racial diversity; "tipline" calls to human resources; proximity to a union office; and violations recorded by the Occupational Safety and Health Administration.
A Neiman Marcus bankruptcy could mark a major blow to NYC's glitzy Hudson Yards, one of the most expensive mega-malls in US history. Dan Geiger explained why.
As Benji Jones reported, near-term contracts for US crude oil traded negative on Monday for the first time, settling at about minus $38 a barrel. If you're wondering how that's even possible, I'd recommend a couple of stories from Benji:
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