News published on Business Daily in June 2024

SACRAMENTO, Calif. – Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration (SBA), today reminded Washington small nonfarm businesses in Clallam, Grays Harbor, Island, Jefferson, Kitsap, and Mason counties of the July 8, 2024 deadline to apply for an SBA federal disaster loan for economic injury. These low-interest loans aim to offset economic losses due to reduced revenues caused by drought in Clallam and Jefferson counties that began on September 12, 2023.

Michelle Sands, RDH & Sleep Director at Silent Night Therapy, stated that while obesity "can increase" the risk of sleep apnea, it is important to know that the condition is "not exclusively linked to weight."

Tokyo, Japan – June 6, 2024 – Global investment firm Carlyle (NASDAQ: CG) today announced it has agreed to sell 100% of Tokiwa Cosmetics Group (collectively with Tokiwa Corporation and its subsidiaries, “Tokiwa”), a global cosmetics research, development, and manufacturing company, to Nihon Kolmar Holdings (collectively with TOA Inc., its 100% subsidiary, “TOA Group”), Japan’s largest cosmetics ODM/OEM manufacturer. Terms of the transaction were not disclosed.

WASHINGTON – Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced the 7(a) Working Capital Pilot (WCP) Program. The WCP offers a newly structured line of credit, made by 7(a) lenders and backed by the SBA, designed to give greater flexibility than a traditional term loan.

Morgan Stanley at Work has released its fourth annual State of the Workplace Financial Benefits Study, revealing that employees continue to prioritize retirement planning support and financial guidance as essential workplace benefits. The study highlights that in an uncertain economic climate, employees are reducing their plan contributions while seeking financial advice from workplace resources. Meeting these needs is seen as crucial for attracting and retaining talent.

Morgan Stanley Investment Management (MSIM), through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), has announced the acquisition of a 49% stake in Onslow Iron Road Trust (Road Trust). The partnership includes Mineral Resources Limited, which retains a 51% ownership.

Gasoline prices have fallen by eight cents since last Thursday, now averaging $3.48 per gallon, marking the largest weekly drop of the year.

ORLANDO, Fla. (June 6, 2024) – The most recent annual consumer survey by AAA on Electric Vehicles (EVs) indicates a decline in consumer interest in purchasing EVs. Only 18% of U.S. adults say they would be “very likely” or “likely” to buy a new or used EV (not a hybrid), down from 23% last year. Additionally, 63% cited being "unlikely or very unlikely" to purchase an EV for their next car.

Morgan Stanley (NYSE: MS) has announced its schedule for conference calls to discuss its financial results for the second quarter, third quarter, fourth quarter, and full-year 2024.

From "Adopt a Shelter Cat Month" to "Hug Your Cat Day" on June 4, and the humorous "Cat World Domination Day" on June 24, June celebrates the companionship and joy that cats bring into our lives. It is also an opportune time to expand knowledge about cat care for their optimal well-being.

Morgan Stanley Foundation Announces $8 Million Grant to Feeding America to Address Child Hunger

E*TRADE from Morgan Stanley today released the data from its monthly sector rotation study, based on the E*TRADE customer notional net percentage buy/sell behavior for stocks that comprise the S&P 500 sectors.