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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 03, 2020
Page
18
Iowa City based Rantizo, an agricultural tech company, announced a 7.5 million funding round to accelerate expansion of its drone spraying services. Since 2018, the firm has raised 9 million and aims to grow nationwide with FAA authorized drone applications.
Treasury Secretary Steven Mnuchin shielded the decision to end multiple emergency Federal Reserve loan programs as coronavirus cases rise. He argued the unused $455 billion could aid small businesses and unemployed workers if Congress redirects funds, while Democrats criticized the move amid CARES Act scrutiny. Powell urged broader relief but Mnuchin cited statutory limits, with four programs extended through March and five expiring after year end.
Heartland Ex falls 0.3 percent to 18.47 as Ingredion slips 1.03 and PepsiCo declines 1.45 to 144.62. MidWestOne rises 0.37 to 24.27 with Ingredion and other names trading in a cautious session.
The COVID crisis underscores emergency funds for Black households as relief ends December 31. Experts note reduced net worth, higher insecurity, and wary access to retirement accounts, urging automatic saving and CFA backed programs to boost savings among lower incomes.
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