New York City is building a database of vacant storefronts to help small business owners find appropriate spaces. The city’s rising rents and recent trends favoring online shopping have resulted in a vacancy crisis. The five bills passed in July 2019 as part of this effort require yearly reporting on storefront vacancies, updates on the… Continue Reading
The City of Scottsdale was recognized as the Global Business City of the Year at the 2019 Global Chamber “Grow Globally Fair.” Now in its 12th year, The Fair was founded to acknowledge and applaud businesses that are leading, exceling, and pushing the boundaries in international business. The Global Chamber is networked in 195 countries and more… Continue Reading
In today’s world, the old saying “money talks” is truer than ever. But sometimes it really isn’t that easy to understand. International business opportunities have long been hindered by language barriers. When people and platforms struggle to communicate, it is no surprise that they can’t do business with each other. Thankfully, this problem is being… Continue Reading
The merger of the Siebert Cisneros Shank & Co. and the Williams Capital Group investment banks are merging to form Wall Street’s largest woman- and minority-owned firm. The new entity will be led by Chief Executive Suzanne Shank, who is describing the move as a merger of equals. Shank is the only African-American woman to run a… Continue Reading
The New Jersey Office of Export Promotion announced that it has been awarded $900,000 in federal funds, for a program that supports small-business owners looking to export goods. This is the largest in the program’s history, from the U.S. Small Business Administration (SBA) through the State Trade Expansion Program (STEP). The program has assisted hundreds… Continue Reading
Big companies are picking seasoned veterans for the most senior financial positions as they face challenges related to changing technologies, shifting consumer tastes, and economic outlooks. Corporate recruiters say the average age of CFOs has increased significantly this year: Finance chiefs at Fortune 500 and S&P 500 companies averaged 52.8 years in 2019. That’s five… Continue Reading
According to a recent article from The Associated Press, the “benchmark for most other investments” are US Treasury bonds. It is these which are thus regarded “among the closest approximations to a “safe” investment in the financial system.” The problem thus is when prices for these start to drop, resulting in a jump in the… Continue Reading
What makes a company, or a business idea, successful? When a business is in its infancy, there’s often a fine line between success and failure. An important guiding principle for companies is to build a strength-based model that focuses on previously developed talents and skills. Many successful companies have grown from one individual’s expertise. Mrs.… Continue Reading
Once Treasury Secretary Steven Mnuchin declared that the trade war was “on hold,” futures took a huge jump. Following discussions and negotiations, they reached a “very comprehensive framework agreement that needs to be implemented” with a large variety of components. One of these has been Trump’s focus on trade deficit reduction through the significant increase… Continue Reading
While the beginning of 2017 did not look all that good for the emergence of new hedge funds in Asia, the tables seem to be substantially turning. One of the ways in which they are doing this according to a recent Bloomberg article, is by “striking out on their own.” Examples of this action include:… Continue Reading