U S mortgage rates hit record lows as 30 year drops
Freddie Mac reports the average on the 30 year fixed mortgage fell to 3.13 percent this week from 3.21, the lowest since tracking began in 1971, with the 15 year rate easing to 2.58 percent. In auto recalls Fiat Chrysler recalls about 95,000 Jeep Cherokees 2014 through 2017 for a transmission issue risking rollaway crashes.
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Freddie Mac
Freddie
Fiat Chrysler
Canada
U.S. National Highway Traffic Safety Administration
New ideas bloom as small firms adapt to pandemic
The pandemic forces Sean Giovanni to shift to remote recording to stay afloat at The Record Shop, yielding new business models. Sri Lankan firm B&B Engineering pivots to sinks with foot pedals for factories and plans solar panel boards, while Grumpy's Restaurant in Jacksonville and Bar du Matin in Brussels trim operations to survive.
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Giovanni
Nishantha Abeyrathne
B&b Engineering
Abeyrathne
Daniel DeLeon
Grumpy’s
Jacksonville
Florida
DeLeon
Alex van Tuijn
Brussels
Benji Harris
Song Division
Nashville
Tenn
Associated Press
Brands reexamine race tied food logos across Cream of Wheat and Mrs Butterworth
Cream of Wheat and Mrs Butterworth join Aunt Jemima and Uncle Ben in brand reviews of racially charged imagery. B and G Foods and Conagra say packaging changes are underway while Yelp partners to boost Black-owned businesses as Black Lives Matter prompts corporate introspection.
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Mrs. Butterworth
PepsiCo
Mars Inc
Ben
B&g Foods Inc
Parsippany
New Jersey
Mrs. Butterworth’s
Conagra
Yelp
My Black Receipt
ECB expands ultra cheap loans to banks during virus crisis
The European Central Bank distributed 1.31 trillion euros in three year loans to 742 euro area banks at negative rates to sustain lending to companies amid corona virus restrictions. The move supplements the 1.35 trillion euro pandemic bond program while eurozone economy faces an estimated 7.75 percent contraction this year.
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Germany
European Central Bank
ECB
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Europe
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