The jobs report this morning seemed like good news (3.6% unemployment) until you look at the details: “The US labor force shrank by 363,000 people in April from a month earlier, the Labor Department said Friday. The labor force participation rate, or the share of American adults working or looking for a job, ticked down … Read more
Hopkinsville Brewing Company co-owner Kate Russell, pictured to the right of co-owner Joey Medeiros, said the business has had to raise prices due to inflation. Mary Katherine Russell Small business owners have had a few rough years. First, the Covid-19 pandemic caused many to lose revenue. Now, they’re dealing with higher costs as inflation rises. … Read more
A US senator has introduced a bill to prohibit the Labor Department from issuing a regulation or guidance that limits the type of investments investors can choose in their retirement plans, including cryptocurrency. “Today, the Biden administration is targeting cryptocurrency. Which investment class is next? ” the lawmaker stressed. Financial Freedom Act The issue of … Read more
Wall Street ended lower on Friday amid concerns about rising Treasury yields and the prospect of more Fed rate hikes. The Dow Jones Industrial Average dropped 99 points on Friday, or 0.3 percent, to end its sixth straight week in the red. The S&P 500 fell 0.6 percent and the Nasdaq lost 1.4 percent. It … Read more
Adam Flaherty / Getty Images / iStockphoto While taxes make up the majority of each state’s general funding budget and are the most obvious source of state revenue, state governments also receive sizeable amounts of assistance from the federal government. 2022 Stimulus Checks: Is Your State Giving Out Money This Year?Find: SNAP Benefits Available in … Read more
Inflation has taken the financial markets by storm. Unprecedented government stimulus to spur economic growth following the depths of the pandemic led to a quick and unexpected rebound in consumer demand, particularly at a time when global supply chains were operating well below their full capacity. The result is higher prices all across the economy. … Read more
When the artist Angela Chick began supplying greetings cards to Paperchase, she thought she’d made it. “As a small business owner, that’s kind of a dream,” the 36-year-old said. The stationery retailer ordered thousands of cards adorned with her “colorful, cheerful”, hand-drawn designs, to be sold at its 125 UK stores and concessions in Selfridges, … Read more
Nicole Brandfon and her fiance Adam Alonso are planning a wedding in Colombia, rather than Miami, because it was more affordable. Source: Nicole Brandfon Nicole Brandfon and her fiance, Adam Alonso, will hop on a plane from Florida to South America early next year for a destination wedding. The international trip wasn’t their original plan, … Read more
Although women’s entrepreneurship is becoming increasingly important in the creation of new jobs and accelerating societies’ social and economic growth, their influence and participation in the leadership culture are still underrepresented. Traditionally, women have been homemakers while men are considered to be the breadwinners. However, the world is now realizing the importance of “making” over … Read more
Fintech startup Open becomes India’s 100th unicorn, raises $ 50M in Series D led by IIFL SME-focused neobanking platformOpenon Monday announced $ 50 million in its Series D round from IIFL, along with existing investors Temasek Holdings, Tiger Global Management, and 3one4 Capital. To date, the Bengaluru-based startup has raised over $ 140 million in … Read more