[ad_1] Fg Trade | E+ | Getty Images Small business confidence has hit an all-time low as the majority of Main Street expects runaway inflation and a Federal Reserve that is incapable of engineering a soft landing for the economy. In fact, the majority of small business owners (57%) taking part in the CNBC/SurveyMonkey Small Business Survey for Q3 2022 …
[ad_1] Damircudic | E+ | Getty Images With recessionary winds whirling, many small business owners have already cut back, but more trimming may be needed to weather the economic storm that’s brewing. U.S. economic growth fell 0.9% in the second quarter, the Bureau of Economic Analysis reported on Thursday, the second consecutive quarter of negative GDP. That will ratchet up …
[ad_1] The U.S. Federal Reserve increased its benchmark interest rate by 75 basis points to a range of 1.5%-1.75% in June — the biggest increase since 1994. Fed Chair Jerome Powell (above) flagged there could be another rate hike in July. Mary F. Calvert | Reuters The Federal Reserve raised its benchmark interest rates by 75 basis points on Wednesday, …
[ad_1] Small businesses pull in a record $154.2 billion in federal contracts in fiscal 2021, but the total number of firms to win government work continues to decline. [ad_2] Source link
[ad_1] For many small businesses, access to funding can be a matter of life and death. The stakes are especially high given that 18.4% of U.S. businesses fail within the first year, 49.7% after five years and 65.5% after 10 years, according to a LendingTree analysis of data from the U.S. Bureau of Labor Statistics. One of the top reasons …
[ad_1] Pawel Toczynski | The Image Bank | Getty Images The U.S. economy is going through one of the most difficult periods I’ve seen in my 40-year career. Inflation, labor shortages, supply chain disruptions — all of them are hitting big business hard and small businesses even harder. And so this week, at Goldman Sachs’ 10,000 Small Businesses summit in Washington, D.C., …
[ad_1] Isabel Garcia Nevett is once again making adjustments to her business. After navigating the pandemic and dealing with rising inflation, she’s now thinking about how her Miami-based chocolatier, Garcia Nevett Chocolates, can weather a possible recession. With growth for her small business linked to corporate gift giving, she’s worried about cuts in spending. “All those companies that we are …
[ad_1] Many small company owners don’t know what their enterprise is worth, a practice that can amount to risky business. A whopping 98% of small businesses polled by M&T Bank over the past two years didn’t know the value of their companies. This is especially troubling, given that for most business owners, their company is their most valuable asset. “People …
[ad_1] More than 360,000 residents left California in 2021, in what some are calling “The California Exodus.” Many moved to states such as Texas, Arizona and Washington. Some Californians are even migrating out of the country and heading to Mexico for a more affordable lifestyle. Travis Grossi, a YouTube content creator who runs the Cafe con Leche Travels channel, and …
[ad_1] Klarna is in talks to raise funds at a sharp discount to its last valuation, according to a report from the Wall Street Journal. A spokesperson for the firm said it doesn’t comment on “speculation.” Jakub Porzycki | NurPhoto via Getty Images With hype over the “buy now, pay later” trend fading, some investors are betting they’ve found the …
