[ad_1] Small business owners are feeling better about the U.S. economy as inflation cools and recession fears subside, according to a new survey. Indeed, economic optimism among smaller employers is at a 22-year high, PNC Financial Services Group found in polling small and midsize business owners. A majority of respondents – 55% – said they … Read more
[ad_1] Since launching in 2010, GoFundMe has become a widely used crowdfunding platform where people can solicit donations for a variety of causes, from help paying for cancer treatment to recovering from natural disasters. CEO Tim Cadogan also describes the company as a barometer of need that simultaneously functions as a sign of the times. … Read more
[ad_1] Shoppers flock to malls over Thanksgiving weekend – CBS News Watch CBS News While a large portion of holiday shopping now occurs online, malls across the U.S. were still busy with shoppers over Thanksgiving weekend, many of whom prefer the social experience of shopping in person. Elise Preston reports. Be the first to know … Read more
[ad_1] One month after Russia launched its full-scale invasion of Ukraine last year, Vladyslav Lysenko surveyed the damage to his egg warehouse outside Kyiv. Russian soldiers had occupied the building for weeks and destroyed most of his stock. “At that moment,” he said, “I realized that I had the opportunity to do something new.” His dream … Read more
[ad_1] Hawaii’s economy has suffered between $4 billion and $6 billion in losses after deadly wildfires ripped through several regions of Maui this month. The Lahaina conflagration and Kula wildfires in early August burned between $2.5 and $4 billion worth of insured properties in the state, an estimate from risk-modeling company Moody’s RMS shows. The assessment, released … Read more
[ad_1] Once worth as much as $47 billion, WeWork is now warning that there is “substantial doubt” about the company’s ability to stay in business over the next year because of factors such as financial losses and a need for cash. Shares of WeWork tumbled 2 cents, or 11%, to 19 cents in premarket trading … Read more
[ad_1] The risks of doing business in China are increasing for foreign companies. The offices of Capvision, a consulting firm with offices in New York and Shanghai, and two American firms have been raided in recent weeks as Chinese authorities exercise their power under a new security law. Police showed up out of the blue in … Read more
[ad_1] Gloria Larkin is frustrated. She’s worried Congress is about to hurt small business owners like her and her clients if they cannot reach a deal over the debt limit. “This issue of default with a subsequent recession would drastically have a negative impact on our business personally because it would cause our clients, our … Read more
[ad_1] Opening day at the Way Way Store in Saco, Maine, is always cause for celebration. After a long winter, customers pour in to get their first taste of spring, like Sugar Daddies. “I wanted to be the first customer of the year, for good luck,” said Alex. For the past decade or so, these … Read more
[ad_1] Downtowns struggle to adapt to changes brought on by the pandemic – CBS News Watch CBS News Many downtowns nationwide have faced significant challenges in the wake of the COVID-19 pandemic, with more people opting to work remotely. Some cities, like Seattle, are thinking creatively in an effort to rejuvenate their downtown economy. Carter … Read more