Economics News

Economics

USHBC president raises concerns over Teamsters protests at Amazon

This week, the Teamsters Union organized protests at several Amazon locations.
Economics

Biden signs law restoring funding for SBA disaster loans after hurricanes

President Joe Biden has signed the American Relief Act, 2025 into law, providing funding for the U.S. Small Business Administration’s (SBA) Disaster Loan Program.

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Economics

Senior Vice President of USCC on Teamster strike: 'even at $1,000 a week few picketers will want to stand outside'

Glenn Spencer, senior vice president of the Employment Policy Division at the U.S. Chamber of Commerce (USCC), said that the Teamsters union's strike against Amazon involved participants who are not Amazon employees.

Economics

SBA announces new fund competition targeting underserved entrepreneurs

The U.S. Small Business Administration (SBA) has announced the upcoming launch of the 2025 Growth Accelerator Fund Competition (GAFC).

Economics

SBA launches AI resource hub at inaugural summit in Atlanta

On December 10, Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) hosted the inaugural AI Small Business Summit at Georgia Tech in Atlanta.

Economics

Interagency task force meeting on veteran business development set for December 11

The U.S. Small Business Administration (SBA) has announced the upcoming quarterly meeting for the Interagency Task Force (IATF) on Veterans Small Business Development, scheduled for December 11.

Economics

SBA launches second Season of Small Business campaign under Administrator Guzman's leadership

Today, Isabel Casillas Guzman, the Administrator of the U.S. Small Business Administration (SBA), announced the commencement of the SBA’s second Season of Small Business campaign.

Economics

Trump Victory Aligns with Bitcoin's First-Ever Rise Above $80,000 USD

On November 10, following Donald Trump's victory in the U.S. presidential election, Bitcoin ($BTC) achieved a historic milestone, surpassing $80,000 USD for the first time.

Economics

SBA awards $240K grant to support Native American business development

Today, the U.S. Small Business Administration (SBA) announced that the National Center for American Indian Enterprise Development (NCAIED) has been awarded a $240,000 grant.

Economics

Biden-Harris Administration sees record-breaking surge in new business applications

President Joe Biden and SBA Administrator Isabel Casillas Guzman announced that over 20 million business applications have been filed during the Biden-Harris Administration.

Economics

SBA urges support for local businesses on Small Business Saturday

The U.S. Small Business Administration (SBA) is urging Americans to support local small businesses on Small Business Saturday, an event founded by American Express that celebrates its 15th anniversary in 2024.

Economics

SBA hosts annual summit to boost innovation through collaboration

The U.S. Small Business Administration (SBA) will host the 2024 Innovation Ecosystem Summit on November 14 and 15.

Economics

SBA's surety bond program achieves record success in fiscal year 2024

The U.S. Small Business Administration (SBA) has reported a significant achievement for its Surety Bond Guarantee (SBG) Program, marking its most successful year in 25 years during fiscal year 2024.

Economics

SBA announces record certifications; unveils streamlined process for FY25

Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) announced a record number of federal contracting certifications for fiscal year 2024.

Economics

SBA highlights progress in supporting native small businesses during heritage month

Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) marked the beginning of Native American Heritage Month by emphasizing the significant progress made in supporting Native small business owners nationwide.

Economics

Amazon VP: 'Our front-line team will be getting at least an additional $1.50 per hour starting this month'

Amazon is investing $2.2 billion to boost hourly wages and benefits for U.S. employees, raising the average base wage to over $22 per hour. Udit Madan, Amazon's vice president of worldwide operations, noted that Amazon conducts annual reviews of wages and benefits to keep them competitive within the industry.

Economics

SBA announces National Veterans Small Business Week events across U.S

Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) announced the celebration of National Veterans Small Business Week (NVSBW), scheduled for November 11-15.

Economics

Amazon VP: Average full-time employees wll receive 'a raise of more than $3,000 a year'

Amazon has announced a $2.2 billion investment to increase wages and expand benefits for its hourly employees across the U.S., including those in the Northern Kentucky area.

Economics

Trump election victory could increase Bitcoin value, says new analysis

An analysis by Polymarket charting Bitcoin’s ($BTC) price against former President Donald Trump’s election odds announced a potential surge in Bitcoin’s value in the event of a Trump victory.

Economics

Former Starbucks manager: 'The culture of quality, consistency, and customer focus doesn’t exist anymore'

Starbucks Corp. faces growing challenges following a recent stock downgrade, as analysts question the company's ability to navigate ongoing legal battles and operational pressures. The downgrade comes amid recent leadership changes and heightened scrutiny from activist investors, all of which cast uncertainty on Starbucks’ short-term recovery.