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Tag Archives: Business

Job Market and Consumer Spending on the Rise in April – May

The New York Times reported that, despite the current recession, both the job market and consumer spending rose in April and May 2023. According to Labor Department reports, payrolls rose by 339,000 in May and the S&P 500 index rose more than 1.4%. President Biden put out a statement saying, “today is a good day for the American economy and American workers.”

Similarly, the Commerce Department reported a 0.8% increase of consumer spending in April, following a two-month slowing in spending. The Federal Reserve remains cautiously optimistic, stating the need to balance between considerable spending rates contributing to inflation and slowing in spending leading to a recession. With a drop in household savings that built up during the pandemic and signals that companies are drawing back on hiring, it’s unclear for how much longer consumers will support the recovering economy. Many business owners remain positive that, by the end of 2023, their business will have picked up to pre-pandemic numbers.  

Businesses Adopting Sustainability Model in 2023

A recent report from Aflac shows that 77% of 2023 consumers are more willing to buy from a company with a Corporate Social Responsibility (CSR) pledge. In 2023, businesses are incorporating sustainability into their models. Adopting a sustainable approach, though, may require large overhauls to the company’s operations. Top organizations are recognizing the importance of… Continue Reading

Food & Drink Looking Good for 2023

A recent study by Marcum LLP indicates that over two-thirds of executives in the food and beverage industry maintain a positive outlook for 2023. Executives in food manufacturers, eateries, distributors, retailers, and agriculturists were asked about the various issues facing their work and businesses. With close to 70% of respondents pointing to an increase in… Continue Reading

Moxion Power Batteries are on Set

Close to half of the carbon emissions of any movie are produced by the fuel used to power generators and transportation needs, according to the Sustainable Production Alliance. That is why movie sets are going green with cleaner energy batteries. Moxion Power technologies are replacing diesel generators on sets film and TV sets for creators… Continue Reading

Digital Markets Act is E.U.’s Attempt to Limit Big Tech

Digital Markets Act is E.U.’s Attempt to Limit Big Tech

The Digital Markets Act is the European Union’s most far-reaching piece of legislation since it passed its strict privacy laws in 2018. The law tackles the power of the leading tech companies and redefines the way app stores, digital marketing, online retail, and messaging platforms operate. The legislation is designed to stop the biggest tech… Continue Reading

U.S. Museum Workers Unionizing Despite Labor Movement Slump

National union membership has reached historic lows; according to the Bureau of Labor Statistics, 10.3% of employed Americans are members of a union. And yet, over the past few years, workers at more than ten American art museums have formed unions to improve their wages and conditions of employment. In 2020, some 250 curators, stewards, conservators, guides,… Continue Reading

Pandemic Brings New Opportunities for Entrepreneurs

Pandemic Brings New Opportunities for Entrepreneurs

A growing number of Americans are starting their own business. The reasons behind this pandemic-driven entrepreneurial surge vary: some were laid off because of COVID and transitioned their “side hustle” to be their primary form of income; others took the time to reconsider their priorities and gave up on their grueling corporate jobs; for some,… Continue Reading