Latest AI news: Amazon’s AI illusion, AI sidekicks, White House demands getty According to the latest data, 35% of global companies are currently using AI in their business. But over 50% of companies plan to incorporate AI technologies in 2024. The intent is there, but not always the action. You can see why. When there’s … Read more
Imagine if you could click your fingers and go viral. If, whatever your business, you could figure out a way to generate social media content that enlightened, entertained, and compelled your audience to share. Resonating with a few led to resonating with thousands, each eager to spread the word about what you do. Viral marketers … Read more
KANSAS CITY, Mo. — One could say there’s more Kansas City pride than ever right now. In 2023 we’ve seen a Super Bowl win, a first of it’s kind women’s soccer stadium in the works, a brand new airport terminal, and big names like Beyoncé and Taylor Swift coming through. “I didn’t think Kansas City … Read more
Maskot | Digitalvision | Getty Images The United States has experienced a small business boom in recent years, and people of color are a large part of that success, making progress on historical underrepresentation of Black and brown entrepreneurs in America. From 2010 to 2020, the minority population grew from 36.3% to 42.4%, but the … Read more
Subchapter V bankruptcy filings, which most small businesses now use, are running above last year’s level, according to the American Bankruptcy Institute. Chapter 11 of the U.S. Bankruptcy Code was revised in 2019 to make it simpler and more cost-effective for small companies to reorganize debts. But bankruptcy, through Subchapter V or otherwise, may not … Read more
Hawaii’s recent wildfires and Hurricane Idalia underscore the costly effects of natural disasters on small businesses. Many funding options exist for business owners hit by a disaster, from SBA EIDL loans to FEMA grants, but it’s imperative to understand the options ahead of time. Business owners tend to have at most a month or two … Read more
Cavan Images | Getty Images As electric vehicles proliferate, some gas stations are making expensive overhauls to add EV charging stations. In most cases, they aren’t scrapping traditional liquid fuel pumps. But select locations, including an RS Automotive in Takoma Park, Md., and a Shell station in Fulham, England, have made a full switch. Location, … Read more
The Federal Reserve raised its benchmark interest rate by 50 basis points on Wednesday, which sends small business loans to the double-digits percentage range for the first time in decades. Small business loans are based on the Prime Rate, which will now be 7.5%, the highest since 2007 and pushing most SBA loans to a … Read more