Market Watch

Copy This Embed Code: Ad MILWAUKEE — Milwaukee businesses have already begun reaping the benefits as organizers dive deep into the planning stages to host the 2024 Republican National Convention. "This is like pinch me. Is this real," said Anne Zizzo, CEO and founder of Zizzo Group Engagement Marketing in Milwaukee. The MKE 2024 Host Committee, which is the force behind pulling off the RNC, chose Zizzo’s company to help with marketing and creating its new website. It is a critical tool to connect guests to information on the Brew City. "What we appreciated so much about the opportunity is they are the nonpartisan organization that is ultimately establishing every aspect of making sure that hosting this global event here in Milwaukee in July of 2024 is going to be perfect," Zizzo explained. Zizzo is eager to see other businesses shine during an event expected to spark economic impact as high as $200 million. "I have no doubt people will see what I love about the city in the area I grew up in," Zizzo said. It was 1995 when Zizzo started the business in her basement. At the same time, her father was terminally ill and she just […]

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China Business Law Journal has named PDSTI’s investment into ICON Aircraft and SINA Corporation’s privatisation-related Cayman proceedings among its Deals of the Year 2022. Gibson Dunn advised Shanghai Pudong Science and Technology Investment (PDSTI) and the Special Committee of SINA Corporation in connection with the matters. The full list was published on February 9, 2023. Gibson, Dunn & Crutcher’s Beijing office is dedicated to servicing the needs of our clients establishing operations and doing business in China and those of our Chinese clients in their international transactions. The Beijing office works closely with lawyers in our Hong Kong office, enabling us to provide Hong Kong law capability where relevant.

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Two men worked together and with others to receive money from COVID-19 relief programs by turning in fraudulent applications for inactive businesses. SPOKANE, Wash. — An Arkansas man, Tyler Andrews, and a former Spokane man, Yuriy Anischenko, were charged with 11 counts of fraud to obtain millions of dollars in COVID-19 relief funds for struggling businesses. According to documents the two men worked together and with others to receive money from COVID-19 relief programs by turning in fraudulent applications for inactive businesses. Anischenko received more than $300,000 from relief funds which he then shared with Andrews. Anischenko also recruited others to prepare and submit fraudulent applications. Court documents say that Andrews is also charged with three counts of Aggravated Identity. “COVID-19 relief programs quickly ran out of money due to the number of people and businesses that requested funding, which meant that some deserving small businesses could not obtain funding to keep their businesses open during the COVID-19 pandemic,” said U.S. Attorney Waldref. The fraud and conspiracy charges carry sentences up to 20 years in federal prison and the identity theft charges carry a 2-year mandatory sentence. HOW TO ADD THE KREM+ APP TO YOUR STREAMING DEVICE ROKU: Add […]

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A local minority-owned business and the West Des Moines Chamber of Commerce are working to help BIPOC businesses find support in the community. She’s been in business for five years and set up shop after feeling frustrated with the restraints corporate America places on Black women. "When I first started out, and being an entrepreneur, it was back in 2018, you know," Perry said. "I was just tired of the corporate world, not being able to go anywhere." As a female entrepreneur, she noted some of those barriers still exist "Starting a business, you don’t have the funding, you’re doing everything out of your pocket. And so it’s a lot of challenges with trying to get capital and moving yourself forward and trying to overcome all of the obstacles that are faced in the minority world," she said. President and CEO of West Des Moines Chamber of Commerce Katherine Harrington says the inequity for minority businesses is why the chamber holds an annual Athene Black and Brown Business Summit aimed to help entrepreneurs like Perry. "Everybody knows all the stats are out there. It’s a well known fact that they do not get the support they need," Harrington said. […]

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The steadfastness of India’s economy attests to the size and seeming strength of the country’s broader business landscape. Gautam Adani, the chairman and founder of the Adani Group.M. Scott Brauer for The New York Times When shares of the Adani Group, until recently India’s largest conglomerate, began their free fall late last month, shedding more than $100 billion in days, some observers worried that the collapse could bring down the country’s capital markets, and with them the Indian economy. That would be a frightening prospect not just for India but for the world. The country’s economy recently passed Britain’s to become the world’s fifth largest, and it is the only big one — China’s included — that has clocked strong and steady growth since pandemic restrictions were relaxed. But the fears of a broader market contagion have not come to pass. Indian equities as a whole enjoyed a calm week in Mumbai, the country’s financial center, and have held largely steady since the Adani collapse. India’s main market index is nearly 2.5 percent above where it stood a year ago, even as U.S. stocks have fallen by more than 4 percent during the same period. The steadfastness attests to […]

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ALBANY — Gov. Kathy Hochul’s push to sweeten the state’s film and television tax credit program comes at a time when some lawmakers are out to determine whether the state’s economic development efforts are yielding sufficient benefits for New Yorkers. Representatives of the entertainment industry and the unions whose members have secured jobs from New York productions threw their support Thursday to Hochul’s proposal to boost the film subsidy from $420 million a year to $700 million annually. Citing his experience as commissioner of the Buffalo/Niagara Film Office, Tim Clark, said at a legislative budget hearing the New York incentives “absolutely drive where movies and scripted television shows are made.” Before the creation of the Empire State tax credit, Clark recalled, films set in Buffalo were shot in Toronto, Winnipeg and even Southern California. In a reversal of fortunes, Buffalo has played host to films with story lines set in locales as diverse as Clarksdale, Mississippi, and Martha’s Vineyard, Massachusetts, he noted. “We are now a movie-making destination — something I never envisioned when I became film commissioner 17 years ago,” Clark said. But some lawmakers and others at the hearing were openly skeptical about the enhanced package of […]

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CNN — The US Commerce Department is restricting six Chinese companies tied to the Chinese army’s aerospace programs from obtaining US technology without government authorization. The move comes after a Chinese balloon suspected of carrying out surveillance flew over the US last week, raising political tensions between the world’s two largest economies. US fighter jets shot down the balloon, which American officials have since claimed is part of an extensive surveillance program run by the Chinese military. The six companies support the Chinese government’s “modernization efforts, specifically those related to aerospace programs, including airships and balloons and related materials and components, that are used by the People’s Liberation Army (PLA) for intelligence and reconnaissance,” the Commerce Department’s Bureau of Industry and Security said in a statement . The six companies are: Beijing Nanjiang Aerospace Technology; China Electronics Technology Group Corporation 48th Research Institute; Dongguan Lingkong Remote Sensing Technology; Eagles Men Aviation Science and Technology Group; Guangzhou Tian-Hai-Xiang Aviation Technology; and Shanxi Eagles Men Aviation Science and Technology Group. The inclusion of the companies on the Commerce Department’s “Entity List,” sends “a clear message to companies, governments, and other stakeholders globally that the entities on the list present a threat […]

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KVOE News file photo. Volunteers from two entities are ready to help qualifying residents with their taxes. Emporia State School of Business students are once again involved in the Volunteer Income Tax Assistance or VITA program. Adjunct instructor Payson Maydew says this gives accounting students “real-world experience” before they officially start their careers. The VITA program offers free tax return preparation for residents who make $60,000 or less, have disabilities or are limited English speakers. Residents in these categories can drop off their information and related forms at Emporia State Cremer Hall Room 421. They then schedule a pickup time. Residents with questions can call 620-341-6481. Also, the American Association of Retired Persons’ Tax-Aide program is offering help with tax returns for people needing simple returns. It’s the first time the AARP has offered this service since the start of the COVID-19 pandemic in 2020. AARP is partnering with the Emporia Senior Center and Emporia State Federal Credit Union for this service. Residents can call the Senior Center at 620-343-3160 weekdays between 9 am and 1 pm to set appointments. Senior Center hours are 9 am to noon Mondays and Wednesdays, while Credit Union hours will be 5-6 pm […]

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Strong opinions on both sides of the immigration issue don’t make achieving consensus easy, but for tech leaders, the bottom line is clear: Immigration fuels growth and needs to accelerate, not slow down. Opinions expressed by Entrepreneur contributors are their own. In almost every country, immigration is a contentious issue, particularly as it affects the economy. On one side of the debate, detractors argue that too much can saturate job markets and depress wages, while on the other side are those who point to falling birth rates in developed countries and to the need for labor in sectors with increasing worker shortages. Here in Canada, we’ve been for years fairly liberal about allowing immigration. According to Statista , just shy of 493,000 people arrived here legally between July 1, 2021 and June 30, 2022. And the results of a 2022 poll by Research Co. indicate that three-quarters of Canadians see their arrival and contributions to the economy as a net positive. As a CEO heavily involved with the technology sector, I couldn’t agree more. The reality is that immigrants are critical to economic growth, particularly in this sector, and I’m not the only one saying so. Canada is in […]

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Simply Swag, a consignment craft store at 4302 13th Ave. S., Fargo, is pictured Monday, Feb. 6. FARGO — Simply Swag, a consignment store that sells locally made handcrafted items, will close its brick and mortar retail shop Feb. 28, the store recently announced on social media. Owner Jessica Erickson said the supply chain snarls and the rapidly rising cost of crafting supplies has squeezed the vendors who rent space at the store. “Our vendors are having a hard time finding supplies to make those products that they sell,” Erickson said Monday, Feb. 6. If the materials can be found, “they are way overpriced,” she said. “They are having a hard time keeping going.” The result is that the store at 4302 13th Ave. S. has had difficulty stocking enough products. “After Christmas, our sales are way down from previous years. It was time to close up shop,” Erickson said. They will still continue to sell at craft shows and craft fairs. She said she will post those events on Facebook. Gift cards and gift certificates will be honored at the shows, or on the store’s Etsy and Shop North Dakota pages. Customers are urged to contact Erickson first […]

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