• US stores recall onions amid salmonella fears - BBC News
• Trump extended federal student loan relief—here's what financial experts say you should do if you qualify - CNBC
• Payments giant Stripe poaches General Motors' CFO in its latest high-profile hire - CNBC
• What’s Happening To Kodak Stock? Shares Plunge Over 40% After Government Loan Is Held Up On Allegations Of Wrongdoing - Forbes

US stores recall onions amid salmonella fears - BBC News

• US stores are recalling onions over contamination fears amid a salmonella outbreak that has caused over 600 people to fall ill.
• On 1 August, Thomson International recalled their red, yellow and white onions that had been shipped across all 50 US states and Canada since 1 May. Salmonella cases have been reported in 43 states as well as Canada.
• Possibly contaminated onions were sold to wholesalers, restaurants, and retail stores, according to the US Food and Drug Administration.
• US stores, including Walmart, Kroger, Food Lion, Publix, and Giant Eagle have issued recalls on onions or prepared food products - like salads and deli items - that may contain the affected shipments.
• On Monday, Trader Joe's and Ralph's stores on the West Coast also began recalling onions.
• Canadian health officials have confirmed over 200 Salmonella cases linked to imported US onions.
• Health officials have advised consumers to throw away any onions or products containing onions if their origin is uncertain.

Trump extended federal student loan relief—here's what financial experts say you should do if you qualify - CNBC

• One memorandum - arguably the least controversial - orders Secretary of Education Betsy DeVos to continue deferring federal student loan payments through the end of the year with no interest accrued during that time.
• Though the continuation of relief would allow borrowers to put off paying for their student loans with no penalty, it's important to remember, eventually you'll have to pay back your debts.
• Plus, the earlier you can pay off your student loans, the better.
• Higher-education expert Mark Kantrowitz argues that the extended student loan pause gives borrowers who still have a steady income the chance to put the extra money that would have otherwise gone to paying student loans toward an emergency fund.
• If you've put your federal student loans on pause, transfer the amount you usually pay each month into a savings account earmarked for your emergency fund.
• If you have both credit card and student loan debt, you should take advantage of this extended student loan deferment period to focus on paying off your credit card balances.
• The proposed extension of deferring student loan payments is only for federal loans, but if you're worried about private student loans, contact your loan servicer to ask for a forbearance period or other options for financial relief.

Payments giant Stripe poaches General Motors' CFO in its latest high-profile hire - CNBC

• Stripe has snagged General Motors' chief financial officer Dhivya Suryadevara as the payment start-up beefs up its C-suite amid an e-commerce boom brought on by the pandemic.
• San Francisco-based Stripe makes software that lets businesses accept payments online.
• Thousands of companies, including Amazon, Slack, Glossier, Shopify and Under Armour, use Stripe's software tools.
• Stripe has seen eye-popping growth during the pandemic as its revenue is largely tied to growth in online shopping.
• In its latest Series G funding round, Stripe highlighted Covid-19 outbreak "Pushing the economy online" and said "Several years of offline-to-online migration are being compressed into several weeks."
• Despite its ballooning growth and valuation, Stripe co-founder and president, John Collison, has said the company has "No plans" to go public right away.
• Stripe is a six-time CNBC Disruptor 50 company and landed at the top spot on the list in 2020.

What’s Happening To Kodak Stock? Shares Plunge Over 40% After Government Loan Is Held Up On Allegations Of Wrongdoing - Forbes

• Updated Aug 10, 2020, 02:29pm EDT. Shares of Eastman Kodak, which initially surged on an announcement that the government would provide a $765 million loan to help shift its efforts into the drug industry, tanked on Monday amid news that the deal would be put on hold as regulators look into allegations of wrongdoing.
• KEY FACTS. Eastman Kodak's stock plunged by more than 40% on Monday morning after a federal agency said in a tweet it was withholding the $765 million loan.
• Kodak stock jumped 25% a day before the loan was announced sparking the attention of the Securities and Exchange Commission which is now looking into the circumstances of the deal.
• Kodak shares have recovered since the initial plunge this morning and are now down by nearly 30%; shares are up 270% so far this year.
• The company said it would use the loan to expand existing facilities and launch a new Kodak Pharmaceuticals arm which would focus on making "Generic, active pharmaceutical ingredients," as Trump described when announcing the deal.
• Kodak released news of the loan to reporters in Rochester, New York on July 27, a day before Trump publicly announced the deal.
• A day before the federal loan was announced, Kodak granted him options for an additional 1.75 million shares, almost 29% of which he vested immediately.