Strip-club stimulus reveals lingering uncertainties over U.S. small-business aid

Backlights off, music quiet and poles bare, strip clubs across the United States closed earlier this year in the face of COVID-19 social-distancing measures that precluded the up-close nature of the exotic dancing industry. Like many businesses, these cabarets, lounges and gentlemen’s clubs hoped a $660 billion Small Business Administration (SBA) loan program would help […]

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Lockheed Martin raises 2020 profit forecast, shares jump

Lockheed Martin (LMT.N) raised its full-year profit and revenue forecasts on Tuesday as the U.S. weapons supplier overcame coronavirus-driven supply disruptions to post higher quarterly sales in its aeronautics unit that makes the F-35 fighter jet. Shares of the company rose 3.4% to $378 in premarket trading after Lockheed also topped analysts’ estimates for second-quarter […]

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