The Coramino Fund announces $500,000 in grants to 50 US small businesses—a new small business and entrepreneurship program led by LISC and funded by Gran Coramino Tequila—providing cash grants and resources to Black and Latinx entrepreneurs and small business owners JERSEY CITY, N.J., March 1, 2023 /PRNewswire/ — Today, Gran Coramino ® Tequila ® , founded by entrepreneur Kevin Hart and 11th generation tequila maker, Juan Domingo Beckmann, is proud to announce the 2023 grantees of The Coramino Fund’s US program, in partnership with national nonprofit, Local Initiatives Support Corporation (LISC). Continue Reading Gran Coramino Cristalino & Añejo The Coramino Fund was created to support Black and Latinx small business owners and entrepreneurs who have historically been blocked from access to capital and necessary resources to grow their businesses. Applications for US businesses opened in November 2022, and were received from all 50 states and across a range of industries including retail trade, transportation, educational services, and more. 50 eligible businesses were selected by LISC to receive grants. 50% of the 2023 Coramino Fund businesses selected are Black-owned, 36% are Latinx-owned, and 14% are Black and Latinx owned. 68% are women-owned businesses. Established by founders Kevin Hart, Juan Domingo […]

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Getty AI has become an integral part of many businesses. Whether we accept the technology or not, I believe it is here to stay. Today, companies use AI to perform tasks like consumer behavior analysis , bug removals, productivity enhancements and more. I think the benefits of AI have outweighed the risks in the past years. But this doesn’t mean there aren’t any downsides to the technology. In my opinion, we can deal with many of these possible risks of AI if we keep in mind its significant benefits. Based on my experience as the head of AI of my company, I suggest considering these three benefits and risks when integrating AI into your business operations. Benefits 1. Automating Workflows AI can make a business workflow more efficient by automating routine operations. This allows the workforce to focus on more important things and finish pending tasks in less time. AI can also help with market research and make data understandable for decision makers. MORE FOR YOU The ‘Backsies’ Billionaire: Texan Builds Second Fortune From Wreckage Of Real Estate Empire He’d Sold By Helping The Ukrainian Community In Manhattan, Veselka Earns A James Beard Nomination For Outstanding Restaurant Erykah Badu […]

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Direct ad sales are a lucrative business for many publishers. But fulfilling direct sales is a tedious process that requires heavy investment in time and manpower. For American City Business Journals (ACBJ), which earns about 90% of its revenue from direct sales, this problem was acute. The media company publishes 40 business publications, including the Houston Business Journal and San Francisco Business Times, and works with about 3,000 advertisers per month. Because its content focuses on local business news, it mostly works with local advertisers that prefer to buy direct, said SVP Ryan Whittington. But direct sales involve a lot of emailing back and forth to provide advertisers with order details, delivery deadlines, creative specs and performance reports. And because direct sales require a more manual fulfillment process, they lack the scalability of programmatic auctions, which can be completed almost instantaneously. So ACBJ is looking to invest in technology that can streamline its direct business as much as possible. “Our goal is to make our sellers more efficient, so they can go after bigger deals and spend more time with our biggest advertisers,” Whittington said. Post-sales automation In a major step toward that goal, ACBJ integrated FatTail’s AdBookPORTAL self-serve […]

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Brad Heppner, left, the founder and chief executive officer of Beneficient Company Group, was accused in a federal bankruptcy court motion of engaging in financial misconduct leading to the Chapter 11 filing by GWG Holdings in 2022. (Tim Carpenter/Kansas Reflector) TOPEKA — Creditors in a bankruptcy case packed a court document with allegations the top executive of a Kansas business granted a unique fiduciary charter orchestrated a multiyear fraud to enrich himself and his corporate entities and leave GWG Holdings insolvent to the detriment of 27,000 investors owed more than $1 billion. The president of Beneficient Company Group, which is delivering financial services under a Kansas charter issued last year, was dismissive of creditors’ assertions about GWG’s downfall. He responded to the bankruptcy motion by arguing the best course of action would be for creditors to support Beneficient’s transition to Nasdaq and avoid litigation capable of undermining investor confidence in a publicly traded version of the company. He said GWG still held perhaps $1.4 billion in Beneficient stock, and a rise in Beneficient’s value would directly benefit creditors. Lawyers representing these creditors before the U.S. Bankruptcy Court in Houston said analysis of business records, interviews and depositions revealed Brad […]

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Publicly traded title insurance giant Stewart Information Service Corporation has acquired AccountChek , a digital verification service for assets, income and employment, from solutions provider FormFree . Terms of the deal were not disclosed. The move gives Stewart additional tools to drive insights into a customer’s financial profile across multiple channels. Stewart’s acquisition was made through its Informative Research subsidiary. “At Stewart, we are continually investing in our capabilities to better serve customers. We view improving consumer financial equity, including homeownership, as a key part of the work that we do, across all of our business lines,” Fred Eppinger , Stewart CEO, said in a prepared statement. “IR’s vision through the combined platform is to simplify the lending process and improve closing ratios.” By combining IR’s existing digital infrastructure with AccountChek, Stewart will have a unified platform to digitally verify consumer financial data, including credit, income, employment and assets. The company said it will streamline the loan underwriting process, more efficiently qualify buyers, improve closing ratios and expand access to mortgage credit. With the sale of AccountCheck, FormFree will focus on products that “advance its mission to decentralize and democratize the way consumers understand their financial data and access […]

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EV maker Nio is often called China’s Tesla. (Nio) Nio ( NIO ) reports earnings for the fourth quarter early Wednesday, and losses are expected to mount after the Chinese premium EV startup missed its Q4 delivery target. Nio stock edged lower Tuesday, extending big recent losses. More than Nio earnings, outlook will be key. Investors are looking for a recovery in EV deliveries following the seasonally weak current quarter, as production headwinds ease. After Tesla ( TSLA ) price cuts in China, some analysts warn that EV demand could weaken for the U.S.-listed Chinese EV startups, especially Nio and XPeng ( XPEV ). Both have cut EV prices after Tesla’s cuts. Nio Earnings Estimates : Analysts polled by FactSet expect Nio to widen losses to 26 cents per ADR share from 17 cents a year ago. Revenue is seen jumping 58%, year over year, to $2.462 billion. This would mark Nio’s first $2 billion revenue quarter. It first topped $1 billion in Q4 2020. The startup, sometimes called China’s Tesla, has already disclosed Q4 2022 deliveries of 40,052 electric vehicles . That was well off initial guidance of 43,000-48,000 EVs, due to Covid-fueled supply disruptions and operational issues. […]

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Chris Burres, Owner of SES Research Inc . One of my great joys is supporting entrepreneurs with my products. getty In the Art of War, Sun Tzu stated , “He will win who knows when to fight and when not to fight.” In the business world, understanding when to make business moves and change up your strategy will help your company become more successful. Many may be surprised to learn that some of the largest companies in the world, including Netflix, IBM and Twitter, all made strategic pivots at one point in their journey, which allowed them to grow and survive. When a molecule that I have been manufacturing since 1991, ESS60, showed a 90% extension of life in test subjects, Wistar rats, I had to make such a pivot decision. Although we continue to deliver carbon nano-materials to research institutions around the world, we also deliver a supplement with the longest longevity experiment result known to man. During this pivot, I have been able to tap into a broader consumer market and grow my revenue exponentially. Pivoting enabled me to reach more people with my products that could enrich their lives, thus providing greater value to society at […]

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New Orders and Production Contracting; Backlogs Contracting; Supplier Deliveries Faster; Raw Materials Inventories Growing; Customers’ Inventories Too Low; Prices Increasing; Exports and Imports Contracting TEMPE, Ariz., March 1, 2023 /PRNewswire/ — Economic activity in the manufacturing sector contracted in February for the fourth consecutive month following a 28-month period of growth, say the nation’s supply executives in the latest Manufacturing ISM ® Report On Business ® . The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management ® (ISM ® ) Manufacturing Business Survey Committee: "The February Manufacturing PMI ® registered 47.7 percent, 0.3 percentage point higher than the 47.4 percent recorded in January. Regarding the overall economy, this figure indicates a third month of contraction after a 30-month period of expansion. In the last two months, the Manufacturing PMI ® has been at its lowest levels since May 2020, when it registered 43.5 percent. The New Orders Index remained in contraction territory at 47 percent, 4.5 percentage points higher than the figure of 42.5 percent recorded in January. The Production Index reading of 47.3 percent is a 0.7-percentage point decrease compared to January’s figure of 48 percent. The Prices Index […]

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Image Credits: Yuichiro Chino / Getty Images Too often over the last decade, line of business people have been forgotten when it comes to analytics. Even though these folks are the closest to what’s happening with customers, they tend to get left behind when it comes to tools, which are often geared for data scientists or at least people with a deep understanding of data. Savant Labs is looking to bring analytics to line of business personnel and today the startup announced a healthy $11 million seed investment. Chitrang Shah, founder and CEO at Savant Labs, says people charged with dealing with data spend too much time doing manual tasks to wrangle the data they need, and they do this repeatedly. He saw an area that was ripe for automation, which he sees as a key differentiator for the startup. “So we are building a platform for [business users], and the main impetus behind it is the amount of manual work that goes on in doing analytics and reporting is staggering. You go and talk to these people and they will tell you that half their time, more than half their time sometimes, is spent just doing manual stuff […]

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The logo of Atos is seen on a company building in Nantes, France, March 11, 2022. REUTERS/Stephane Mahe PARIS, March 1 (Reuters) – French technology consultancy Atos (ATOS.PA) is in talks with Czech businessman Daniel Kretinsky about the possible sale of its Tech Foundations business, Le Monde reported on Wednesday. The discussions are taking place while Atos is in non-exclusive talks with European aerospace group Airbus (AIR.PA) , which has offered to buy a 29.9% stake in Atos’ soon to be spun off division Evidian, which groups assets such as its cybersecurity division BDS and supercomputers. Advertisement · Scroll to continue "The management of Atos is not just talking to Airbus. According to our information, the management is also talking with Daniel Kretinsky … who for his part is interested in the group’s historic business of IT services Tech Foundations," the French newspaper said. Register for free to Reuters and know the full story Kretinsky holds a minority stake in Le Monde. Spokespeople for Kretinsky and Atos declined to comment. I n October , Atos said it had been approached by several players interested in buying Tech Foundations, which groups activities the company defines as approaching maturity, such as […]

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