As inflation grips small businesses, here’s how they are responding

As inflation grips small businesses, here's how they are responding

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

Senate blocks $48 billion aid package for restaurants, other small businesses

Senate blocks $48 billion aid package for restaurants, other small businesses

The Senate on Thursday blocked a bipartisan bill to provide $48 billion to restaurants, gyms and other small businesses hit particularly hard by the pandemic. Senators voted 52-43 to hold a vote on the bill, falling short of the 60-vote threshold needed to move forward. Just five GOP senators voted for the motion to proceed, … Read more

Asian Shares’ Rise Broadly Cheered by US Earnings, Rally | Business News

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

Business Highlights: Stagflation worries, CEO pays

Proposed women's hockey league teams with Billie Jean King

___ 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

Big Tech Deals Keep Coming: Broadcom Buys VMware for $61B | Business News

By MICHELLE CHAPMAN, AP Business Writer Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite an environment of rising inflation and economic uncertainty. The proposed deal comes just weeks after billionaire and Tesla CEO Elon Musk offered … Read more

Asian Stocks Lower After Fed Confirms Rate Hike Plans | Business News

By JOE McDONALD, AP Business Writer BEIJING (AP) — Asian stock markets were mostly lower Thursday after notes from the Federal Reserve’s latest meeting confirmed expectations of more interest rate hikes but held no surprises to rattle investors. Tokyo, Hong Kong and Sydney fell while Shanghai and Southeast Asian markets gained. Oil prices rose. Investors … Read more

E-commerce in Southeast Asia’s ‘still in the opening act’: VC firm

E-commerce in Southeast Asia's 'still in the opening act': VC firm

Southeast Asia’s e-commerce ecosystem is still at a “very, very nascent stage” and many more business models and companies will be formed in the region, said the founding partner of a venture capital firm. “We’re talking about single-digit digital penetration, as compared to the overall commerce penetration,” Amit Anand of Jungle Ventures, a Southeast Asian … Read more

Employees resigning and switching jobs influencing inflation, study finds

RALEIGH, NC (WTVD) — Businesses at Spherion Staffing and Recruiting are busier than ever. “We are seeing a lot more companies turn to us and actually the companies that we already work with are now expanding the jobs that they’re given us,” said Denise Pavona, the owner of Spherion staffing and recruiting owner. The Raleigh-based … Read more

Finance leaders preparing for tax changes

Finance leaders preparing for tax changes

A group of finance leaders are coping with a steady stream of economic disruptions this year and they’re planning ahead for tax hikes and more. Potential US and international tax legislation is having an impact on nearly every organization surveyed, with 87% of the 257 finance decision-makers polled in the US, Canada and Mexico saying … Read more

Fed minutes: May 2022 – Monetary policy may move into restrictive territory

Fed minutes: May 2022 - Monetary policy may move into restrictive territory

Federal Reserve officials earlier this month stressed the need to raise interest rates quickly and possibly more than markets anticipate to tackle a burgeoning inflation problem, minutes from their meeting released Wednesday showed. Not only did policymakers see the need to increase benchmark borrowing rates by 50 points, but they also said similar hikes likely … Read more