CNN — Elon Musk on Tuesday offered an optimistic picture for how Twitter can improve the advertising business he helped derail and boost its bottom line while also admitting that keeping the social network running is proving to be a challenge after multiple rounds of layoffs. In remarks at a Morgan Stanley Conference, Musk laid out his vision to boost Twitter’s core advertising business by adopting the standard strategy of most of the company’s peers: improving the relevance of the ads it serves. “The advertising relevance is the most gigantic thing,” Musk said. “And this is going to sound totally bizarre, but Twitter did not consider relevance in advertising until three months ago.” With that change, and larger cost cuts across the organization, Musk said he believes Twitter has “got a shot at being cash flow positive next quarter.” “Going forward, Twitter will have very relevant, useful advertising,” Musk said. “And because it is useful, because it is relevant, there will be a massive increase in revenue, because it is now useful. So I’m very optimistic about the future. It’s been a very difficult four months, but I’m optimistic about the future.” Elon Musk publicly mocks Twitter worker with […]

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WACO, Texas (KWTX) – Texas lawmakers are working to make business disputes easier for companies and lawyers. Governor Greg Abbott introduced a bill that would allow the state to have its own business court system, which are trial courts that hear business disputes. Business attorneys said solving disputes out of state can get expensive because of living costs and businesses being placed on hold. They say if this law passes, judges, lawyers, and businesses owners can benefit from it. Unlike many other states, Texas does not have its own business court system despite previous attempts in previous legislative sessions to establish one. “I never had a business owner that I represent be excited to go into litigation. It’s stressful, it’s expensive, it takes years in some cases,” said business attorney of Blanchard & Thomas, LLP John Morkovsky. House Bill 19 would create an exclusive business court system to solve disputes within Texas, instead of taking legal action elsewhere.”A complex business case can take anywhere from several, several months to several, several years. And hundreds of thousands, if not million dollars in fees,” said Morkovsky. Morkovsky said without a state business court system, clients would have to pause their organization […]

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The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann HONG KONG, March 8 (Reuters) – Credit Suisse (CSGN.S) has received regulatory green light from China after years of waiting to launch a full-fledged wealth management business in the world’s second-biggest economy, according to a company memo reviewed by Reuters. The expansion comes after the lender suffered worse-than-expected global wealth outflows of 92.7 billion Swiss francs ($98.29 billion ) in the fourth quarter. The Swiss bank is pushing to roll out the wealth business in China by the first half of this year, according to the memo which was confirmed by a company spokesperson, targeting a 27 trillion yuan market. Register for free to Reuters and know the full story Advertisement · Scroll to continue Credit Suisse Securities (China), the company’s China joint venture, recently obtained an investment consultancy license, which allows it to create and distribute equity research products onshore and to engage in investment advisory services, according to the memo. The firm also scored approvals for proprietary trading and an expansion in its brokerage licence enabling it to serve clients nationwide, having previously been confined to the […]

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Franchise ROC held an event Tuesday night, inspiring and empowering entrepreneurs and business owners in Rochester (Photo: Ben Vahey/WHAM). Rochester, N.Y. (WHAM) – Local business leaders are encouraging entrepreneurs and business owners in Rochester. They formed the group Franchise ROC in 2022, to help others learn how to begin or grow a business. They held their third event Tuesday night at the Prayer House Church of God by Faith on Cumberland Street, to share their personal experiences, while inspiring and empowering future business owners. "We’re trying to change the narrative from poverty to prosperity and so we’re trying to make the community informed that there are other ways to open a business and you don’t have to reinvent the wheel," said Angela LaVecchia, one of the founders of Franchise ROC. "There’s hundreds of different types of franchises that people aren’t even aware of, from owning pet resorts to maid services to tree services, flooring, so many different types of franchises," said Rochester City Councilman at large Willie Lightfoot, who also helped found the group. "We want to introduce people to those different opportunities." More information about the group’s mission can be found on their Facebook page.

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The logo of Swiss bank Credit Suisse is seen in front of an office building in Zurich, Switzerland October 26, 2022. REUTERS/Arnd Wiegmann Equities revenue plummeted 95% in the fourth quarter Bank earlier informally looked at options for unit -sources Bank declines to comment on ‘rumours and speculation’ LONDON, March 8 (Reuters) – At the grandiose Fontainebleau Miami Beach hotel, Credit Suisse hosted its top clients in October amid growing doubts it was still in the securities trading game after a series of high-profile blunders. From BlackRock (BLK.N) to CBOE Global Markets (CBOE.Z) , investors and trading firms were treated to fireside chats with guests such as former U.S. President George W. Bush, networking by the lavish hotel’s beachside pools, and fine dining. But it wasn’t long before the mood turned sour, according to an executive at the three-day conference. Advertisement · Scroll to continue As the sun rose in Florida on day two, back in London, the Swiss bank’s managers were unveiling their latest restructuring plans – and the global securities trading business being showcased in Miami was in the crosshairs. Register for free to Reuters and know the full story Scarred by a $5.5 billion hit from […]

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Elevating more women to the top ranks of companies is not just about equality; it is about performance. Women’s leadership and entrepreneurship plays a critical role in driving economic growth and creating jobs with positive social, environmental, and climate spillovers. LUXEMBOURG – How can we meet the world’s climate goals? We can start by putting more women in charge. That will give us a much better chance of not only controlling global warming but also achieving greater prosperity along the way. Emerging research underscores the business and development case for applying a gender lens to climate-related investments. It also highlights the critical role women play in climate leadership. A recent report from the European Investment Fund shows that women-led firms have higher environmental, social, and governance (ESG) scores than other companies, and that businesses with greater representation of women in leadership positions have better track records of adopting environmentally friendly practices. Similarly, women leaders are more likely to invest in renewable energy, leading to reduced greenhouse-gas (GHG) emissions and improved environmental outcomes, and women-owned businesses are more likely to pursue greater energy efficiency and practices such as recycling. Banks run by women lend less to big polluters. To continue […]

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Managing Your Personal Finances As A Business Owner getty Running your own business can be an exhilarating experience, and you have the independence to make all the decisions. Successful businesses can be incredibly rewarding, both personally and financially. But as many business owners soon learn, managing a successful enterprise involves more than caring for your customers. It would help if you also recognized that while your business’s money is certainly essential, so are your personal finances. Ensuring a healthy relationship with money in all aspects of life can mean greater financial stability, especially if other areas fall short. It may not be exciting, but it’s always wise to make sure the line is always clear between the separate entities because it eventually comes down to one big wallet. Let’s explore some of the best practices for managing your personal finances as a business owner: Separate business from personal bank accounts The most critical step in managing your personal finances is to separate them from your business. That means opening separate bank accounts and credit cards for each entity. Having two different accounts ensures that you have a clear record of all of your transactions and expenses—both personal and business-related—saving […]

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Knoxville News Sentinel MID-SIZED BUSINESS EXCELLENCE AWARD A company off Northshore Drive is taking on the world, and now has a presence in 15 countries. Greater Sum Ventures (GSV) is an entrepreneurial family office and private equity firm that invests its own capital in middle market software and tech-enabled service companies. GSV was recently recognized as the 2023 Pinnacle Mid-Sized Business Excellence Award winner by the Knoxville Chamber. The Mid-Sized Business Excellence Award, sponsored by LBMC, is given to an East Tennessee company that has scaled their business, shown consistency, and is recognized in their respective business sector. “LBMC believes in delivering dedicated, personal attention to every client, and our priority of our high standard of service has served us well. It’s clear that Greater Sum Ventures is delivering the same standard of service,” said LBMC’s Andy Lowe. “It’s important that we make more of Knoxville’s best-kept secrets known, including GSV and their amazing work.” GSV provides access to capital to midmarket tech firms globally. With nearly 250 investments, GSV is a unique, rapidly expanding growth equity firm run by experienced entrepreneurs. While some equity firms acquire or invest in companies and then only see them at quarterly board […]

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A coalition of St. Louis-area businesses is setting targets that would limit the growth of health-care spending. A coalition of Midwest businesses is setting targets that would limit the growth of health-care spending over the next three years. The Midwest Health Initiative, funded by the St. Louis Area Business Health Coalition, is working with health-care systems, insurers, medical groups, labor unions, and public sector employers in the St. Louis area to hold health-care spending increases to 5% in 2023 and 4% each year for 2024 and 2025, Louise Probst, the coalition’s executive director, said in an interview. The initiative—which includes companies such as Boeing Co., Anheuser-Busch Cos. LLC, and Bayer—is following in the footsteps of Massachusetts and …

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White’s Farm Supply in Lowville serves up pancakes — and more — to show appreciation for their customers.(WWNY) LOWVILLE, New York (WWNY) – White’s Farm Supply in Lowville is packed, but it’s not for preseason purchases. It’s for the annual Customer Appreciation Day. “It’s something my grandparents started as a tradition in 1952,” owner Jeff White said, “and during the COVID years, we haven’t done it, so we’re happy to do it and appreciate our farming community.” Every year, hundreds of farmers and their families take a load off before the hustle-bustle of spring planting begins. “It’s something that brings the community together,” White said. “All the farmers and people in surrounding towns come together, so it’s nice for everybody. Thousands of free meals have been served up hot on the original grills. “The grills, actually, my grandparents bought in 1952, cast iron, still in service.” And the ingredients — of course — are all local. “We use local syrup, we use local milk, we have sauerkraut that’s local, the pancake mix is all upstate New York products. Feeding those who feed the rest of us, a thank-you to our farmers. Copyright 2023 WWNY. All rights reserved.

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