Latest News
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.
By R. B. Pepalis | Sep 30, 2024
Three hotels have earned the AAA Diamond Program’s highest distinction of Five Diamonds: Waldorf Astoria Chicago, The Setai, Miami Beach, and Four Seasons Hotel San Francisco. These properties are recognized for their luxurious surroundings and unparalleled service. Additionally, more than a dozen hotels and restaurants joined the AAA Four Diamonds list this month. Four Diamond properties offer upscale amenities and distinctive fine dining.
By Business Daily | Sep 30, 2024
Today, the Biden-Harris Administration announced a new rule aimed at reducing costs for small business owners. The U.S. Small Business Administration (SBA) Administrator Isabel Casillas Guzman revealed that the SBA 504 Loan Program will now allow easier refinancing of debt. This move is expected to help small businesses lower their debt payments and access more affordable capital for expansion or growth.
By Business Daily | Sep 30, 2024
Morgan Stanley Investment Management (MSIM) has finalized the 1GT climate private equity fund, securing $750 million in equity capital commitments. The 1GT fund focuses on growth-oriented investments in North American and European companies with the goal of avoiding or removing one gigaton of carbon dioxide-equivalent (CO2e) emissions from the atmosphere by 2050. Leading institutions from Europe, Japan, and North America participated in this investor group.
By Business Daily | Sep 30, 2024
The U.S. Small Business Administration (SBA) has announced the 11th annual National Veterans Small Business Week (NVSBW), scheduled to take place from November 11 to November 15. The event will feature both in-person and virtual events nationwide.
By Business Daily | Sep 27, 2024
Drew Maloney, President and CEO of American Investment Council (AIC), said private equity has a major impact on American jobs and communities, as well as provides support for local small businesses.
By M. N. Tirado | Sep 27, 2024
Amazon in Chicago funded a mural for the Green Star Movement (GSM), marking the third time it has partnered with the local art organization for a mural project.
By Business Daily | Sep 26, 2024
Starbucks Corp. (SBUX) has faced a recent stock downgrade by analysts as the company deals with ongoing lawsuits, leadership changes, and activist pressure, which have impacted its near-term outlook.
By Business Daily | Sep 26, 2024
On Wednesday, September 25, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet, traveled to Nebraska to mark Hispanic Heritage Month and meet with Tribal leaders. The discussions focused on the SBA’s efforts to support entrepreneurship and economic development in Native American communities.