Ken Sweet

AP Business Writer
Latest in Home
Futuristic car interior with digital dashboard displays and blue holographic interface elements representing autonomous vehicle technology
Automotive Execs Predict a New Competitive Order by 2035
October 22, 2026
Industrial safety cage with mesh panels and yellow-black striping in warehouse facility
How Vertical Lifting Strategies Enable Facilities to Grow Up—Not Out
October 22, 2026
Sonic S19 tool chest with red and black drawers, stainless steel top, and paper towel holder on casters
NEXT S13 Toolbox a Heavy-Duty, Multi-Zone Workshop on Wheels
October 22, 2026
Aerial view of large industrial warehouse facility with white roof and blue walls in rural landscape
Hyundai's Trailer Subsidiary Doubles Down in Illinois, Adding More Jobs
October 22, 2026
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More from Ken Sweet
Man speaking at World Economic Forum conference with blue branded backdrop
Aerospace
SpaceX Files Initial Paperwork to Sell Shares to Public, Likely Make Musk a Trillionaire
Several investment banks have lined up to help fund Musk's ambitions.
April 1, 2026
CEO and Chairman of the Bank of America Brian Moynihan speaks during the UN Climate Change Conference COP26 in Glasgow, Scotland, Nov. 2, 2021. Moynihan said consumers are spending “at a faster rate” than he’s ever seen but he remains concerned as to how inflation and supply-chain issues will influence the economy going into the winter.
Economics
BofA CEO: Consumers Spending at Fastest Pace He's Seen
Briant Moynihan said he’s now feeling confident about where the economy stands.
December 13, 2021
Logan DeWitt stands outside his home in Kansas City, Kansas.
Economics
Many Still Dealing with COVID-Related Financial Loss
The pandemic has been devastating for some Americans, while leaving others virtually unscathed or even in better shape.
March 9, 2021
In this May 8, 2019 file photo, then Federal Trade Commission commissioner Rohit Chopra testifies during a House Energy and Commerce subcommittee hearing on Capitol Hill in Washington. Chopra, President Joe Biden’s nominee to run the federal consumer watchdog agency is likely to be face hostile questioning from Republican Senators on Tuesday, March 2, 2021, but is likely to be confirmed with Democrats controlling a majority in the Senate.
Laws & Regulations
Consumer Watchdog Pick Signals More Aggressive Stance
Rohit Chopra said, if confirmed, he would likely return the bureau to aggressively penalizing companies for bad behaviors.
March 2, 2021
A man wears a face mask as he leaves a business that remains open in downtown San Antonio, Wednesday, April 22, 2020.
Economics
New Business Aid Likely Already Used Up
Any new applicants would likely miss out on this funding round.
April 23, 2020
I Stock 1130208883
Economics
Chaos for SMBs Seeking Rescue Funds
Thousands of owners who applied for loans under the government's Paycheck Protection Program are in their second week of waiting for their money.
April 13, 2020
In this March 16, 2020 file photo, chairs hang stacked on empty tables at a closed restaurant in New York.
Economics
Why Business Relief Has Lagged
The problems range from the technical to the bureaucratic, although the Small Business Administration says it has corrected those on its end.
April 9, 2020
In this Friday, April 3, 2020, photo, a woman walks by local stores during the coronavirus pandemic in New York.
Economics
Small Business Loans Held Up
The SBA’s loan processing system stopped working Monday, making it impossible for loans to be approved and funds distributed.
April 8, 2020
n this April 3, 2020, file photo, the seats and aisles are empty as seen through the window of the closed Penndot Drivers License Center in Butler, Pa. Small business owners hoping for quick loans from the government were in a holding pattern Monday, April 6, 2020, waiting on their bank to either take their application or, if it did, send them the money.
Economics
Businesses Wait for Word, Money
“It’s been a tsunami of applications,” said one bank's CEO.
April 6, 2020
In this Thursday, April 2, 2020 file photo, Jovita Carranza, administrator of the Small Business Administration, speaks about the coronavirus in the James Brady Press Briefing Room of the White House n Washington, as Vice President Mike Pence, President Donald Trump listen. Millions of small businesses are expected to apply for a desperately needed rescue loan Friday, a stern test for a banking industry that has had less than a week to prepare for the deluge. Small businesses will be seeking loans from the $349 billion Paycheck Protection Program, which was put in place to help them retain workers and pay bills during the coronavirus pandemic.
Economics
Small Business Aid Hits Snag
Many small business owners ran into bureaucratic or technological road blocks.
April 5, 2020