Personal Finance

TheStreet parent received PPP loan

The parent company of TheStreet Inc., a financial news website co-founded by media personality Jim Cramer, received a $5.7 million loan as part of a program aimed at helping U.S. small businesses weather the pandemic, reports Matt Townsend of Bloomberg News.

Townsend reports, “The loan was included in documents released by the federal government on Monday chronicling the $669 billion Paycheck Protection Program. A spokesman for TheMaven Inc., which acquired TheStreet in 2019 for $16.5 million, said that for ‘ease-of-process’ reasons the borrowing was taken out under TheStreet’s name, but that it was for the entire consolidated company, which owns media properties such as Sports Illustrated.

“Cramer, who still supplies content to TheStreet under a deal that followed its acquisition by TheMaven, has been critical of how banks handled the Paycheck Protection Program. In April, he slammed financial institutions for approving loans to larger companies than should have been allowed.

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Davies returning to Business Insider as editor on transportation team

Alex Davies

Alex Davies is returning to Business Insider as a senior editor on the transportation team.

He will start next week.

Davies was with Wired magazine until May. Davies oversaw Wired’s transportation coverage, writing and editing stories with a focus on autonomous and electric vehicles, aviation, and infrastructure. His book recounting the creation of the self-driving car, “Driven: The Race to Create the Autonomous Car,” will be published in January 2021.

He launched the transportation section in January 2016.

Davies joined Wired in May 2014 as associate editor after working at Business Insider, where he raised traffic to the transportation section over 300 percent, writing three to six articles daily covering transportation technology, business, and breaking news. He also edited articles written by fellow reporters, contributing authors, and interns.

He also worked as a writer at Discovery.com.

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4.8 million jobs return in June

Some 4.8 million jobs were added in the U.S. in June but worry remains it would not be enough to restart the economy.

Lucia Mutikani from Reuters wrote:

The U.S. economy created jobs at a record clip in June as more restaurants and bars reopened, but 31.5 million Americans were collecting unemployment checks in the middle of the month, and a resurgence in COVID-19 cases suggested the labor market could suffer a setback in July.

Record spikes in new coronavirus infections in large parts of the country, including Arizona and the highly-populated states of California, Florida and Texas, have forced several jurisdictions to scale back or pause reopenings, and send some workers back home.

Steve Peoples reported for the AP that:

The U.S. economy just posted its best single-month job gain in history.

U.S. unemployment is at one of its worst points since the Great Depression.

Both are true.

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Mitchell to depart WRAL after nine years

Mandy Mitchell

Mandy Mitchell, enterprise news reporter at WRAL, will be departing the station after nine years. She joined WRAL in 2011 as a sports reporter and anchor.

She tweets:

“Today is my last day at WRAL. I am leaving the TV business to start a new journey. Thank you so much for watching and for letting me tell your stories over the past 9 years. It’s been a privilege!”

Previously, Mitchell was a spots anchor at WIS-TV and before that, she was a sports reporter at WPDE. In addition, she has also served as newscast videotape editor at WPEC-TV CBS 12 News.

Mitchell is a University of Florida graduate with an undergraduate degree in telecommunications.

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Wyoming paper hires Willmon as editor

Mysti Willmon

Mysti Willmon has joined the Kemmerer Gazette as an editor. She says:

“I’ve had an interesting journey that has led to newspaper work. When I first started college, I was going to get a literature degree and thought I would like to work in the publishing business as I am an avid reader. I own 300 books and I usually read 40 to 50 books a year. But I discovered I loved writing just as much as reading. I have been editing friends’ papers since the 8th grade and loved doing it. I started taking journalism classes and loved them, so I chose to change my degree plan.”

Willmon is also editor-in-chief of The Western Front.

Previously, she was with Klipsun Magazine where she worked first as a reporter and then as copy editor. She has also interned at Bellingham Alive Magazine and served as a reporter at

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