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Business spending showed some signs of green shoots in June, as manufacturers bought more equipment and spending shifted away from stay-at-home sectors to ones that could rebound in a reopening economy,  according to Cortera, a software company which analyzes business-to-business credit transactions. But overall June spending was still depressed, down 10.9% from the same month

After multiple years in the premium travel industry, Mark McNeil founded VOMOS in 2016. Courtesy of Mark McNeil The U.S. airline industry, which likely won’t see passenger volumes resume to normal until 2023, has taken a huge hit from the ongoing pandemic. But one private travel company has seen an uptick in clientele since the

An employee takes the temperature of a building tenant outside the Empire State Building in midtown Manhattan, as the iconic tower prepares to open to more tenants and visitors following the outbreak of the coronavirus disease (COVID-19) in New York City, New York, U.S., June 24, 2020. Mike Segar | Reuters Among the countless things

Young woman preparing takeaway healthy food inside restaurant during Coronavirus outbreak time – … [+] Worker inside kitchen cooking vegetarian food for online order service – Focus on salad Getty The pandemic and government closures continue to force in-dining restaurants to pivot to take-out and delivery. Instead of managers supervising and servers waiting on tables,

Treasury Secretary Steven Mnuchin speaks as U.S. President Donald Trump and White House senior adviser Ivanka Trump listen during an East Room event highlighting Paycheck Protection Program (PPP) loans for small businesses adversely affected by the coronavirus disease (COVID-19) outbreak, at the White House in Washington, U.S., April 28, 2020. Carlos Barria | Reuters The

As interest in AI (artificial intelligence) in CX (customer experience) and customer service grows, I took the moment to check in with two fellow experts in the field the field of customer experience and AI: Raj Singh, founder and CEO of Go Moment Go Moment • Raj Singh, the founder and CEO of Go Moment,

President Donald Trump speaks to journalists in the Brady Press Briefing Room at the White House July 2, 2020. The president addressed reports that the unemployment rate fell to 11.1%. Chip Somodevilla/Getty Images The U.S. unemployment rate is at its lowest level in months and the economy added a record number of jobs in June.

TOPLINE President Trump Saturday signed into law a bill extending the Paycheck Protection Program—an emergency federal loan facility for small businesses struggling because of the pandemic—for another five weeks until August 8, buying Congress time to figure out what the next round of aid for small businesses will look like when it reconvenes later this

Ranking member Sen. Bob Menendez, D-N.J., arrives for the Senate Foreign Relations Committee hearing on Thursday, June 20, 2019. Bill Clark | CQ Roll Call | Getty Images Sens. Bob Menendez, D-N.J., and Kevin Cramer, R-N.D., have introduced a bill prohibiting retailers from declining cash payments from customers, as businesses promote “contactless” digital payment as they

Prototyping is an invaluable tool. While no entrepreneur is immune to making mistakes, prototyping … [+] is how you can make cheaper mistakes before making further investments in time and money. Here are three important reasons why you should create a prototype to develop your startup app idea. Getty Whether you are developing a disruptively

People stand in queue to enter a restaurant on Ocean Drive in Miami Beach, Florida on June 26, 2020. Chandan Khanna | AFP | Getty Images The list keeps getting longer.  Governors in Michigan, Florida, Texas, California, Colorado and Arizona are closing thousands of bars again ahead of the Fourth of July weekend as Covid-19

Credit Card Industry Reins In Balance Transfer Offers As Banks Fear Defaults Balance transfer offers, which typically entice borrowers to move their debt to a new lender in exchange for a temporary 0% interest rate, have been sharply reduced at banks. American Express took the most drastic step, dropping the product altogether. Banks were burned

Jovita Carranza, head of the Small Business Administration, listens during a roundtable discussion with governors and small-business owners. Alex Wong/Getty Images The Paycheck Protection Program is ending, meaning ailing small businesses will need to look elsewhere for funding. But where to turn? While there are other options that may be of help to entrepreneurs during

When’s the last time you had a meaningful conversation? Where you felt understood, heard, able to take off your armor and be truly vulnerable? Where you felt energized by learning something new from someone different than you’d usually talk to? Where you tackled an uncomfortable topic that forced you to grow? For most Americans, the

1. Dow set to drop after best quarter in over 3 decades Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. Lucas Jackson | Reuters Dow futures were pointing to a 250 point decline at Wednesday’s open as the third quarter on Wall Street begins

Kuli Kuli hosting a webinar on How to Eat for Energy and Immunity when the startup realized that … [+] traditional marketing outlets were no longer available. Kuli Kuli As coronavirus cases continue to spike across America, dreams of a summer reopening or even a semblance of normalcy in 2020 are feeling increasingly far away.

Billionaire global investor Barry Sternlicht told CNBC on Tuesday that the U.S. could end up in a downward spiral of economic pain if the businesses cannot get back to operating due to the coronavirus.  “If we don’t get people back to work and the enterprises back to getting revenues and profits, there is going to be extreme

Getty When people work in an office, they see other people working. Teams might work directly alongside each other, often in the same workspace. Set a time where everyone on the team comes together on a video call to collectively work together. It’s not a time for chatting and catching up, in fact it’s quite

STEVE WASTERVAL If you’re a service provider, few things can help grow your business like being viewed as a leading authority in your niche. While using blog articles, social media and other online resources to share your knowledge can go a long way in this, the most effective way to become a top expert in

A sign is seen at the window of a closed J.Crew store near Rockefeller Plaza on May 4, 2020 in New York City. ANGELA WEISS/AFP via Getty Images Roughly 14% of business owners who received a loan through the Paycheck Protection Program expect to lay off workers once they deplete their funds, according to a

Cash money symbolizing startup investment. Photo by Omid Armin on Unsplash Every journey of a thousand miles starts with a single step. For the world’s largest e-commerce investor, that happened in an Uber. It was the definition of a captive audience. “Our first product was serving Uber drivers and we took Ubers and we pitched

People look at the Manhattan skyline before watching a movie at the Skyline Drive-In NYC cinema experience on June 16, 2020 in the Brooklyn Borough of New York City, amid the novel coronavirus pandemic. Angela Weiss | AFP | Getty Images More than 700 cities across the U.S. plan to delay or cancel planned infrastructure

Business man working on laptop. Getty What’s the key to a healthy, happy, and productive life? Ironically, it’s being productive. That may sound like an easy answer — when you’re working smarter, not harder, you’re achieving your personal and professional goals.  That leads to a feeling of accomplishment, but you’re also able to attend to

The administrator of the Small Business Administration, Jovita Carranza, looks on during the daily briefing on the coronavirus outbreak. Mandel Ngan | AFP | Getty Images The speedy rollout of the Paycheck Protection Program put cash into the hands of business owners — and it may have also paved the way for fraud. Those were

STEVE WASTERVAL In today’s marketing world, many freelancers and small businesses are constantly trying to find new customers, thinking that this will help them grow their profits. In reality, they are chasing the wrong pathway to growth. Instead of trying to scale how many customers you have, I am all about trying to scale how

Many businesses are using “the pandemic as a cloak” to cut jobs that they had wanted to cut even before the coronavirus outbreak, “Shark Tank” investor Kevin O’Leary told CNBC on Wednesday.  “Their jobs will never come back,” O’Leary said on “Squawk Box.” ”This is great for earnings in the S&P. It’s not great for employment.”  O’Leary said that

Prior to the COVID-19 Coronavirus pandemic, the travel industry accounted for one in 10 jobs worldwide, and more than 50% in some tourism-centric destinations. With cruise ships mothballed and airline schedules still at minimal levels, Zane Kerby, the president and CEO of the American Society of Travel Advisors (ASTA), says a large portion of his

Jovita Carranza, head of the Small Business Administration, listens during a roundtable discussion with governors and small-business owners. Alex Wong/Getty Images Millions of small businesses have gotten federal aid to help weather the recession caused by the coronavirus pandemic. Despite that relief, many don’t expect to survive the crisis. Entrepreneurs who close their doors may

According to Oechsli Institute research , there is a major dif­ference between asking for an introduction and asking for a referral. Eight out of every ten clients will be happy to introduce you to someone they know. That same number will feel awkward when you ask for a general referral—they feel imposed upon. However, they

U.S. Treasury Secretary Mnuchin announces new sanctions on Iran in the Brady Press Briefing Room of the White House in Washington, January 10, 2020. Kevin Lamarque | Reuters Treasury Secretary Steven Mnuchin said on Monday he will be talking with the Senate and others on a “bipartisan basis” about striking a balance between protecting the