News from October 2024
By Business Daily | Oct 4, 2024
Goldman Sachs has announced the expansion of its 10,000 Small Businesses initiative to Minnesota, as part of a broader $100 million investment aimed at supporting rural communities.
By Business Daily | Oct 4, 2024
The U.S. Small Business Administration (SBA) has announced the distribution of $9 million in grants to 49 organizations across the United States. The initiative, part of the Federal and State Technology (FAST) Partnership Program, aims to assist underserved communities by providing specialized training, mentoring, and technical support for startups.
By A. I. Benavidez | Oct 3, 2024
Uber launched several new safety features nationwide in an effort to improve the protection and security of its drivers and couriers. Many new features had successful pilot programs in select areas before being unveiled nationwide.
By A. I. Benavidez | Oct 3, 2024
State Farm, a prominent insurer in California since 1928, is navigating the state's challenging insurance market. The company supports California's Sustainable Insurance Strategy and efforts by the California Department of Insurance (CDI) to implement it.
By A. A. Sanchez | Oct 3, 2024
State Farm has announced the recipients of its Good Neighbor Firefighter Safety Program grants, awarding $1 million to 100 volunteer fire departments. Each department will receive a $10,000 grant to purchase equipment aimed at enhancing safety, communications, and operations. Volunteer firefighters constitute over 65% of all firefighters in the United States and are crucial in protecting communities, particularly in small towns and rural areas.
By Business Daily | Oct 3, 2024
The U.S. Small Business Administration (SBA) has announced the addition of 14 new awards to its Regional Innovation Cluster (RIC) network. This expansion aims to support small businesses and entrepreneurial organizations nationwide, fostering innovation and job creation.
By A. I. Benavidez | Oct 3, 2024
Despite challenges both domestically and internationally, the national average price for a gallon of gasoline has decreased by three cents to $3.19. The recent impact of Hurricane Helene did not significantly affect gasoline supply but reduced demand in affected areas due to infrastructure damage and power outages. Public electric vehicle charging costs have remained stable.
By A. D. Nghiem | Oct 3, 2024
Abigail Dean, Global Head of Strategic Insights for Nuveen Real Assets said that demand for real assets is increasingly driven by megatrends like urbanization and energy needs. With inflation stabilizing and interest rates holding steady, she sees this as an opportune moment for investors to reenter the market, as corporate prices may be at a low point while natural capital shows continued value gains.
By J. D. Suayan | Oct 3, 2024
Private credit is increasingly shaping the financial landscape, propelled by macroeconomic shifts, regulatory changes, and technological advancements. As interest rates remain high, private credit has become an attractive option for investors looking for higher returns and senior positions in security structures, especially compared to traditional equities.
By A. I. Benavidez | Oct 3, 2024
On September 24, McKinsey & Company reported that the U.S. private credit market has grown to nearly $2 trillion. The report highlights a shift toward nonbank lending, reshaping the financial landscape as banks withdraw from leveraged lending.
By C. D. McHugh | Oct 2, 2024
Amazon Prime members will have access to millions of early holiday deals on Oct. 8 at 12:01 a.m. when Prime Big Deal Days starts, according to a Sept. 16 news release from Amazon.
By A. A. Sanchez | Oct 2, 2024
Amazon Air Hub associates delivered a $50,000 donation and helped to stock the Northern Kentucky pantry’s warehouse in an event on Sept. 24. Go Pantry In a volunteer event Sept. 24, according to a press release about the event.
By Business Daily | Oct 2, 2024
E*TRADE from Morgan Stanley has published its monthly sector rotation study, which analyzes the buying and selling behavior of its customers in relation to stocks within the S&P 500 sectors. This data provides insights into customer trends based on notional net percentage buy/sell activity.
By Business Daily | Oct 2, 2024
On October 1, Deputy Administrator Dilawar Syed of the U.S. Small Business Administration visited Boise, Idaho. His visit aimed to understand the local business environment and engage with entrepreneurs during Boise Entrepreneur Week.
By C. D. McHugh | Oct 1, 2024
In a volunteer event Sept. 24, Amazon donated $50,000 to GO Pantry northern Kentucky, to support the food pantry's efforts to lessen food insecurity for children and youths in the community, according to a press release about the event.
By A. A. Sanchez | Oct 1, 2024
Delivery service professionals across the US and Canada have donated and delivered a variety of school supplies to students across the country, including Indiana, Ohio, and Kentucky.
By Business Daily | Oct 1, 2024
TJC LP, a middle-market private equity firm focused on North American businesses, has announced the closure of its second continuation fund at $2.1 billion. This fund extends The Resolute Fund III, L.P. and includes an asset jointly owned with The Resolute Fund IV, L.P.