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Can SMBs Help Workers In Debt?

By recyclePosted on Posted in Business NewsTagged ,

One unfortunate consequence of the pandemic was that many workers became indebted. Now, they have trouble making ends meet while also paying their debts. But the pandemic also spurred the rise of many new small and midsize businesses, which could be the perfect solution to the problem of worker debt.

  • Six in ten employees admit to being concerned about the amount of household debt they have, as well as the lack of opportunities in the workplace to rectify them.
  • Small and midsize businesses can play a vital role in solving workers’ debt problems, especially when SMBs open doors to many
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Economic growth beats expectations with 3.1% gain in Q1: StatCan – Business News

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Economy beats expectations

The Canadian Press – | Stories: 429444

The Canadian economy grew at an annualized rate of 3.1 per cent in the first quarter of 2023, Statistics Canada reported Wednesday.

The latest data shows growth beating out the federal agency’s own forecast of 2.5 per cent for the quarter. A preliminary estimate suggests the economy grew by 0.2 per cent in April, after remaining flat in March.

The ongoing resilience in the economy will likely spur discussions of a potential rate hike, as the Bank of Canada is

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Dragons’ Den investors join star-studded Ottawa Senators bid

By Posted on Posted in Business NewsTagged ,

The group trying to leverage star power for its bid to own the Ottawa Senators continues to add more known names to its list.

Los Angeles-based producer Neko Sparks is behind one of four groups that had submitted final bids for the team by the May 15 deadline, according to Sportsnet and Postmedia.

The others are reportedly former Pittsburgh Penguins minority owners Jeffrey and Michael Kimel, Montreal Canadiens minority owner Michael Andlauer and Toronto-area billionaire Steve Apostolopoulos.

Unlike the others, Sparks and his team haven’t been shy about publicly sharing celebrity partners this month: first Snoop Dogg, then former world

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Uneasy marijuana industry seeks broader trade amid glut – Business News

By Posted on Posted in Business NewsTagged ,

The email went out to legal cannabis growers around Washington state. Another of their colleagues had gone under.

“Liquidation sale,” it said. Attached was a spreadsheet of items for sale: LED grow lights for $500 a piece. Rotary evaporators for hash oil, $10,000.

Across the Columbia River in Oregon, where the state’s top marijuana regulator recently warned of an “existential crisis” in the industry, it’s an open secret some licensed growers have funneled product to the out-of-state black market just to stay afloat.

California’s “Apple store of

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Digital conglomerate buys right-wing app Parler – Business News

By Posted on Posted in Business NewsTagged ,

Starboard buys Parler app

The Associated Press – | Stories: 421344

The digital media conglomerate Starboard said Friday it purchased the conservative social media site Parler and will temporarily take down the app as it undergoes a “strategic assessment.”

The deal came months after another acquisition agreement with rapper Kanye West, legally known as Ye, collapsed in November.

The terms of the acquisition were not disclosed by either company. Parler said the deal was concluded on April 7.

Parler caters to right-wing, far right and libertarian voices and fashions itself

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Used-car prices, after finally easing, are backing up again – Business News

By Posted on Posted in Business NewsTagged ,

Well, it was nice while it lasted.

For nearly a year, the average used vehicle in the United States has been edging toward affordable again for millions of people. The relief felt belated and relatively slight, but it was still welcome.

From an eye-watering peak of $31,400 in April of last year, the average price had dropped 14% to $27,125 early this month.

Now, with the supply of used vehicles failing to keep up with robust demand, prices are creeping up again, with signs pointing to further increases ahead. So many buyers have been priced out

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‘We find it highly unlikely’ [Video]

By Posted on Posted in Business NewsTagged ,

Block (SQ) is still being put in a square penalty box by Hindenburg Research.

Block stock fell another 2% in early trading on Friday, after falling 15% on Thursday, as Wall Street continued to shift through a new piece of short-seller research out of Hindenburg. The digital payments outfit remains a top five trending ticker on the Yahoo Finance platform.

Hindenburg Research levied accusations of fraud against the company, which was founded and led by billionaire Jack Dorsey.

The research accused Block of a “willingness to facilitate fraud against consumers and the government, avoid regulation, dress up predatory loans and

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