Small businesses lost 120,000 jobs in November, according to ADP data.
Sharon Miller, who serves as the President and Co-Head of Business Banking at Bank of America, recently discussed the challenges small businesses are facing amidst economic uncertainties and shared some optimism for 2026 during an appearance on “Claman Countdown.” According to the latest report from ADP, over 100,000 jobs were lost in November as private […]
AT&T stops diversity initiatives due to pressure from Trump on businesses
AT&T has decided to discontinue its diversity, equity, and inclusion (DEI) program, aligning with a broader trend among corporations as the Trump administration advocates for the removal of similar initiatives nationwide. In a letter sent to Federal Communications Commission (FCC) Chairman Brendan Carr, the telecommunications company—with around 100,000 employees in the U.S.—informed that it will […]
New York City businesses making customers pay for congestion fees, regardless of whether they live outside the ‘relief’ area
Congestion pricing in New York City is affecting businesses significantly. According to industry leaders, the MTA’s new congestion pricing initiative is leading entrepreneurs to shift costs onto consumers, even outside the designated “relief zone” in downtown Manhattan. This was highlighted in announcements made on Wednesday. Experts have noted the challenge of quantifying how much these […]
Man who intimidated Jewish-owned businesses with Nazi graffiti receives light punishment
An elderly man was lightly penalized after admitting to vandalizing properties in Montauk with Nazi and anti-Semitic graffiti, according to reports. Michael Nicollias, age 75, created graffiti featuring swastikas and phrases like “Death Jews” and “Burn Jews” against local businesses and residents from October to December 2023, eventually leading to his arrest. He was sentenced […]
Trump’s Major Impressive Bill boosts businesses to lower inflation rates
President Trump Focuses on Affordability as Prices Skyrocket In a recent appearance, National Economic Council Director Kevin Hassett discussed the possible economic implications if President Trump’s tariffs are overturned by the Supreme Court, alongside rising tensions regarding rare earth minerals in China. These days, “affordable” is a term that seems to resonate with Democrats. They’ve […]
Businessman refutes claims of sending missing Trafigura millions to wife or businesses
Indian Businessman Denies Fraud Allegations Prateek Gupta, an Indian businessman, has pushed back against claims that he funneled millions to his wife and associated corporate entities, as Trafigura alleges that the missing funds are part of a larger fraud scheme. According to the commodity trading company, it has incurred losses of around $600 million, claiming […]
Yonkers attracts businesses to move across the NYC border following Zohran Mamdani’s victory: ‘I support billionaires’
Yonkers’ newly elected Mayor Zoran Mamdani is encouraging businesses that may be feeling uncertain about their future to consider moving from the city to the suburbs instead of leaving the state entirely. “I don’t want to be the last one waiting at the train station, saying, ‘Why didn’t you stop here? You could have come […]
New inheritance tax regulations might harm businesses, entrepreneur warns.
Concerns Over New Inheritance Tax Rules for Family Businesses A significant shift in inheritance tax regulations is raising alarms for family-owned businesses. Entrepreneur Alex Robben, who founded Wrexham’s Net World Sports, expressed his worries about the company’s potential liabilities from reforms that could reach the “tens of millions of dollars.” He termed these impending changes […]
Businesses along 2nd Ave. Subway in NYC report delays from MTA in receiving assistance.
East Harlem Businesses Affected by Subway Project Seek Compensation In East Harlem, local businesses facing displacement due to the Second Avenue subway extension are expressing frustration over the lack of financial support and relocation assistance from the MTA. Lou Nikazi, 59, owner of Eagle Tile, a construction supply store he has operated for three decades, […]
Small businesses worried about rising insurance expenses
Small Business Owners Concerned About Potential Insurance Changes Amid Government Shutdown Many small business owners and middle-income earners nationwide are keeping a close watch on developments in Washington, as lawmakers approach an end to the longest government shutdown in history. In Massachusetts, particularly, small business owners are worried about what will happen to their insurance […]