Consumers are showing some renewed enthusiasm and driving economic growth. In fact, stocks rose on Monday to record highs. The Dow is up 73, and the S&P 500 rose 9 alongside a 44 Nasdaq increase. The boost was supported by gains in Apple and Facebook, according to CNBC.com. Daniel Greenhaus, chief global strategist at BTIG,… Continue Reading
AT&T is selling its Connecticut operations to Frontier Communications as part of its plans to shift focus to its new 4G LTE network. The $2 billion dollar deal will include AT&T’s 415,000 data, 900,000 voice and 180,000 video residential connections, as well as its local business connections and carrier wholesale relationships in the region. According… Continue Reading
Jim Baer, a senior director of Data Science with LinkedIn, recently discussed what he considers the four keys to data-driven business. He explained that data today can and should have a tremendous impact on a company’s success. Though every business varies, and getting involved in the data world appears a daunting task, companies can benefit… Continue Reading
The euro has peaked against the yen for the first time in four years, while also reaching a one-month high against the dollar. Learn more with Reuters’ Angeline Ong as she discusses the current situation in Europe with CIBC‘s Chief FX Strategist Jeremy Stretch: Continue Reading
Dropbox, an internet-based file hosting service, has become one of the most promising ventures in Silicon Valley over the last six years. This week, the startup invited journalists to its China Basin offices for a progress update. According to the company, Dropbox has more than 200 million users with more than 1 billion files saved… Continue Reading
Ray Dalio, the founder of $150 billion hedge fund Bridgewater Associates, recently decided to reach out to the public without allowing the media to, well, mediate. Dalio explained: “The economy works like a simple machine. But many people don’t understand it— or they don’t agree on how it works — and this has led to… Continue Reading
Rob DeMartini, CEO of New Balance, recently discussed the company’s American factories, its plans to expand beyond running shoes, and the recent $500 million Brighton Landing project in an interview with the Boston Globe’s Taryn Luna. Luna asked: “You’re pushing the federal government to apply the Berry Amendment, which requires the military to provide soldiers… Continue Reading
According to the Tax Foundation, many states are hampering business growth with complicated tax structures. The group’s 2014 State Business Tax Climate Index recently ranked all 50 states to reflect the competitiveness of a state’s policies to businesses both large and small. The report looked at state income, corporate, property, sales and unemployment insurance tax… Continue Reading
USA Today Money’s Smart Small Business series focuses on expanding small firms and their tactics, challenges and triumphs. Reuben Canada, founder and CEO of Canada Enterprises, explains why digital tools have a significant role in small business growth today. He explains that he uses several social media platforms, including Facebook, Twitter, and Youtube to promote… Continue Reading
The partial government shutdown on Tuesday had a minimal impact on business leaders. Partisan brinkmanship is not new to Washington, and according to the Boston Globe, businesses aren’t expecting any major changes in the near future. However, a threat does loom over the heads of business owners; when the federal government reaches its borrowing limit… Continue Reading