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News from 2024


On September 9, Brian Niccol officially assumed the role of CEO at Starbucks. His appointment marks a pivotal shift in leadership as Starbucks grapples with significant brand identity issues and a downturn in sales.

Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet, convened a hearing with federal leaders and small business owners. The focus was on enhancing small businesses' ability to compete for federal contracts, particularly regarding the impact of joint ventures (JV) on small business participation in Multiple Award Task Order Contracts (MATOCs).

A new AAA analysis of five years of government crash data reveals a concerning trend: child seat and booster use declines after a child turns three, despite the continued need for these safety devices. This is alarming, given that more than 100,000 children were injured in car crashes in 2022 alone, according to the National Highway Traffic Safety Administration (NHTSA). As National Child Passenger Safety Week (Sept. 15-21) approaches, AAA and the National Safety Council (NSC) highlight the importance of proper car seat use and offer essential tips to keep young passengers...

Valuation in private equity and private credit remains a complex and contentious issue, with growing scrutiny from regulatory authorities who have identified areas where valuation methodologies need improvement to ensure accuracy and transparency. Austin Brady, a product lead at Waystone, said the firm’s practices in their valuation model include several steps to ensure “valuations are accurate and reflective of real market conditions.”

The 2024 fall Health Connect Partners (HCP) Hospital Supply Chain conference will be sponsored by Synergy Surgical, who recently announced the sponsorship on their site.

The national average for a gallon of gas has continued its decline, dropping six cents since last week to $3.24. The primary factors behind this decrease are low demand and falling oil costs. Concurrently, the national average cost for public electric vehicle (EV) charging has increased by one cent after remaining static for several months.

Sedgwick, a global provider of claims management and technology-enabled business solutions, announced a strategic investment from Altas Partners, a North American private equity firm. Existing investors, including Carlyle and Stone Point Capital LLC, will continue their investments in Sedgwick, with Carlyle maintaining its control position.

Orlando, Fla. (September 12, 2024) – AAA, one of North America’s largest and most trusted membership organizations, is adding DIRECTV, a leader in sports and entertainment content distribution, to its extensive portfolio of benefits available to AAA members. This newest benefit connects AAA members with their favorite content – allowing them to stream DIRECTV satellite-free at home or on the go.

State Farm is prepared to respond to Hurricane Francine, with the State Farm Catastrophe Team deploying to the Gulf Coast for a strategic response. Team members will be on-site to assist residents during their initial recovery efforts.

The U.S. Small Business Administration (SBA) announced today that the Delaware Small Business Development Center (SBDC) has been awarded a $350,000 prize to develop and implement a national Cyber Certification Program for SBA resource partners. The initiative will leverage industry best practices to offer cybersecurity tools and training to small businesses through a hybrid course curriculum that includes webinars, workshops, knowledge-based assessments, certification requirements, and ongoing continuing education tracking key performance indicators over two years.

BlockApps has announced data and trends on the Fractionalized Whiskey investment model, which utilizes blockchain technology for fractional ownership. The update highlights how this new model leverages tokenization to enhance accessibility.

Administrator Guzman Opens Application Window for Lenders Filling Gaps in Credit Markets

Worldwide Specialist Organization (WWSO) is seeking a business development specialist to join its Amazon Q team in Chicago or Detroit. Candidates should have a passion for helping customers reach their full potential and a background in generative artificial intelligence (GenAI).

Amazon Web Services (AWS) is seeking candidates for a finance manager role in Chicago and other major cities in the United States. The selected candidate will serve as a key member of the AWS Generative AI (GenAI) team.

Three years ago, Amazon and the National Safety Council (NSC) partnered to address musculoskeletal disorders (MSDs), a leading cause of injuries across various industries. As part of this collaboration, Amazon donated $12 million for NSC to develop an MSD Solutions Lab.

Global investment firm Carlyle (NASDAQ: CG) announced the appointment of Anuj Poddar to the newly created role of Co-Head of Global Portfolio Solutions (GPS) for Asia, focusing on India and Southeast Asia. The announcement was made on September 9, 2024.

Residents from Texas to the Florida Panhandle should prepare for the potential impacts of Tropical Storm Francine, which is forecast to make landfall along the Northern Gulf Coast on Wednesday, Sept. 11, as a hurricane, according to the Insurance Information Institute (Triple-I).

Amazon announced that NOOMA has achieved year-over-year growth in its Amazon store for the past nine years. The company has expanded its Sweat + Do Good initiative to support nonprofits that promote healthy, active lifestyles for underserved communities in Cleveland.

Amazon has announced that Mojo Spa has leveraged its platform to support growth during the pandemic. Founder Amanda Kezios now offers 200 natural beauty products through Amazon.

After idling over the Labor Day weekend, the national average for a gallon of gas resumed its pace of daily declines by falling six cents since last week to $3.30. Key contributors are low gas demand and the plunging cost of oil, which is struggling to stay above $70 a barrel. The national average cost for L2 commercial electricity remained the same for EV drivers.