Venture capital firms such as Sequoia Capital and Y Combinator have sounded the alarm for startup companies that the days of raising capital easily are over. The well-known VC sent 250 founders a 52-slide presentation via Zoom on May 16, alerting them to a “crucible moment” as higher rates of inflation, volatility in the stock … Read more
A woman walks past a “Now Hiring” sign in front of a store on January 13, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images Job openings totaled nearly 11 million in December while the Great Resignation cooled off, according to Labor Department data Tuesday. Reflecting a tightening labor market, vacancies rose to … Read more
Public sector unions have described government’s zero offer on salary increments as immoral, insensitive and an act without due regard for the plight of civil servants. This is considering that government did not grant any salary increments to them for five consecutive financial years. The Namibia Public Workers Union (Napwu) and the Namibia National Teachers’ … Read more
A job seeker receives information from a recruiter during a job fair in Miami on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images The ranks of the long-term unemployed fell again in March, edging closer to prepandemic levels as the job market offers ample opportunity for workers. Long-term unemployment is a period of joblessness … Read more
By YURI KAGEYAMA, AP Business Writer TOKYO (AP) — Asian shares gained Friday as investors cheered a strong set of earnings from retailers that has sent US shares higher. Benchmarks were rising in early trading across the region, including Japan, China, Australia and South Korea. “Improved risk sentiments in Wall Street, along with earnings outperformance … Read more
Britain is becoming a less attractive place to invest and risks falling behind France unless the Government becomes more business-friendly, an influential think tank has said. The Center for Policy Studies interviewed over 100 business leaders and entrepreneurs and found the UK’s international standing was slipping as a result of red tape, rising taxes and … Read more
A sign advertising job openings is seen outside of a Starbucks in New York, May 26, 2021. andrew kelly | Reuters Employers in the US face an interesting challenge ahead – how to fill nearly 10 million job openings with about a million fewer workers than there are positions available. How successful they are will … Read more
This past March, US Rep. Antonio Delgado urged Gov. Kathy Hochul to reconsider a lowering of the threshold for overtime pay for agriculture workers from 60 hours a week to 40. Now, a day after he was sworn in as lieutenant governor, business leaders like Brian Sampson hope he’s still an ally. “We ask him … Read more
___ Worry about stagflation, a flashback to ’70s, begins to grow WASHINGTON (AP) — Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines at gas stations and shuttered factories. Stagflation is the bitterest of pills: High inflation mixes with a weak … Read more
One of Silicon Valley’s most successful venture capital firms doesn’t see the economy bouncing back anytime soon and is warning portfolio companies to tighten their belts in the meantime. In a 52-page presentation seen by CNBC, Sequoia Capital has laid out a litany of risks making it harder for founders to raise money and operate. … Read more