Market Watch

Texas Ranked As The Third Best State To Start A Business 1 Starting a new business is difficult, but some states were found to have better opportunities for future business owners. A new study found that Texas has the ideal environment for entrepreneurs . When someone wants to start a business, they must choose the right state for a business. According to WalletHub, a state that provides the ideal conditions for business creation, access to cash, skilled workers and affordable office space, can help new owners thrive despite the market. On Jan. 17, WalletHub released its report on 2023’s Best and Worst States to Start a Business . The findings showed that Texas is the third best place to start a business, behind Utah and Florida. “According to the United States Census Bureau, the top five states in numeric growth from 2021 to 2022 are Texas, Florida, North Carolina, Georgia and Arizona,” said Jae Hyeung Kang, associate professor at Oakland University. For the report, WalletHub compared 50 U.S. states across 27 key indicators of startup success. The data set ranges from financing accessibility to the percentage of residents who are fully vaccinated against COVID-19 to office space affordability. “No […]

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A Rockland logistics company claims that a government-connected business has refused to pay for nearly 10,000 Covid-19 tests administered in Bergen County, New Jersey. Tesfast LLC of Airmont accused Fastmed LLC of New Jersey of pocketing payments for services, in a complaint filed Jan. 11 in U.S. District Court, White Plains, and Bergen County of unjustly benefitting from the arrangement. Tesfast mobile Covid-19 testing in Bergen County, NJ Tesfast claims it had an oral agreement with Fastmed to provide mobile Covid-19 testing in Bergen County. The Rockland company agreed to provide the tests, testing vans and employees, and to administer the tests and get them processed at laboratories. The New Jersey company would handle the billing and provide supplies, according to the complaint, and the partners would share profits on a 50-50 basis after expenses. For three weeks, from December 2021 to January 2022, the complaint states, 9,980 tests were administered in Bergen County. Fastmed allegedly collected about $2.5 million — $251 per test — but has never paid Tesfast for its half of the profits. Instead of paying, the complaint states, Fastmed complained that Tesfast was slow and there were “too many headaches with you guys.” The Tesfast […]

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Davos, Switzerland CNN — Bullishness about the global economy has been in short supply among business leaders in recent months, with fears of recession clouding the outlook and restraining investment. Now, cautious optimism is peeking through. That’s thanks in large part to China , whose sudden removal of strict coronavirus restrictions late last year is expected to unleash a wave of spending that may offset economic weakness in the United States and Europe. “The reopening of China has to be the major event and it will be a major driver of growth,” Laura Cha, chair of Hong Kong Exchanges and Clearing, said at the World Economic Forum in Davos, Switzerland on Tuesday. It’s an assessment shared by plenty of others attending the annual gathering of executives, billionaires and politicians in the Swiss mountain resort, in contrast with the WEF’s survey of chief economists published Monday showing two-thirds of them think a recession in 2023 is likely. Douglas Peterson, the chief executive of S&P Global, said that despite his expectations for a shallow recession in Europe , the United Kingdom and the United States this year, China’s more relaxed approach to coronavirus — after three years of strict lockdowns, closed […]

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Disney ( DIS ) has hit back at activist investor Nelson Peltz amid its ongoing proxy battle with the hedge fund billionaire. "Nelson Peltz does not understand Disney’s businesses and lacks the skills and experience to assist the board in delivering shareholder value in a rapidly shifting media ecosystem," Disney said in an updated proxy statement on Tuesday, adding: "The current Disney board is the right board for shareholders." The company once again defended its stock performance under CEO Bob Iger’s watch, noting during his first bout as chief executive Disney’s total shareholder return totaled 554%, topping the 244% total return realized by the S&P 500 over that period. Additionally, amid Peltz’s repeated criticism of the company’s $71.3 billion purchase of 20th Century Fox in 2019, Disney doubled down on its Iger-era acquisitions, which also included Marvel in 2009 and Lucasfilm in 2012. The company argued the deals "transformed" the business into the media powerhouse it is today after Peltz told CNBC in a recent interview: "Fox hurt this company. Fox took the dividend away. Fox turned what was once a pristine balance sheet into a mess." Disney shares, which were little-changed in early trading on Tuesday, are up […]

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Business owners around the state will now have better access to advanced business support, research and expertise, thanks to a Kansas State University initiative to create more than 3,000 jobs and generate $3 billion in investment by 2030. Officials from the university and Network Kansas —a statewide network of nonprofit, business-building organizations and resources — on Tuesday morning announced a partnership between the two entities that will bring university-level resources, research and professionals to businesses in communities around the state. K-State is Kansas’ land-grant university, in that its establishment was partially funded nearly 160 years ago with revenue from the sale of federal lands . It became the first university in the U.S. created under the provisions of the Morrill Act, which gave land-grant universities a mission to teach and research practical agriculture, science, military science and engineering not only on their campuses but in their broader states. University president Richard Linton said the partnership is the 21st century version of that land-grant mission, and that it would take economic growth in Kansas "to the very next level." "Make no mistake, K-State is fully committed to this partnership and its mission," he said. "Together, we will advance prosperity in […]

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MBA button on computer keyboard getty MBA enrollments are falling . In fact, they’ve been falling for years. Even the top programs experienced declining enrollments in 2022. There are all sorts of reasons for declining MBA enrollments including cost, perceived value, time-to-completion, shifts in the economy, relevance and micro-credentialing, among other challenges. But the real problems are embedded in MBA business models – especially with how they differentiate among market segments. While the top programs will survive, lesser programs have their hands full. If they want to stay revenue positive, they must separate themselves from the pack — or stay in a race to the bottom. Business Models Business models are extracted from business strategies, and business processes are derived from business models – which are often described in the Business Model Canvas , which consists of 9 elements: Key partners Key activities Key resources Value propositions Customer relationships Customer segments Channels Cost structure Revenue streams Let’s add another one: competition . Companies often examine these elements to develop their go-to-market tactics. MBA Business Models Business model diagram.getty It’s no different for MBA business models. Universities have partners, activities, resources, value propositions, customer (student) relationships, customer segments, channels, cost […]

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Jan 17 (Reuters) – Goldman Sachs Group Inc (GS.N) on Tuesday reported a bigger-than-expected 69% drop in fourth-quarter profit as it struggled with a slump in dealmaking, a drop in asset and wealth management revenue and booked losses at its consumer business. Wall Street banks are making deep cuts to their workforce and streamlining their operations as dealmaking activity, their major source of revenue, stalls on worries over a weakening global economy and rising interest rates. Goldman is also curbing its consumer banking ambitions as Chief Executive Officer David Solomon refocuses the bank’s resources on strengthening its core businesses such as investment banking and trading. Solomon confirmed that the bank was cutting 6% of its headcount, or around 3,200 jobs, and was making changes to the consumer business to navigate an uncertain outlook for 2023. "We tried to do too much too quickly," he said about the consumer business such as its direct-to-consumer unit Marcus. "We didn’t execute perfectly on some so we’ve taken a hard look at those, and you make adjustments." Latest Updates Goldman reported a net loss of $660 million at its platform solutions unit, which houses transaction banking, credit card and financial technology businesses, as […]

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Businesses are entering into a new era in which digital acceleration is happening worldwide, says Ms Ng. As businesses have become more engaged in their online journey, driven by the pandemic, they now need to gear up for digital transformation, including the use of cloud and automation, to be agile and competitive and to thrive in the new economy. Sandra Ng, group vice-president and general manager for Asia-Pacific research at tech market research firm IDC, said businesses are now entering into a new era in which digital acceleration is taking place around the world. "This is going to be super important for organisations to drive the new digital value creation," said Ms Ng. According to IDC, spending on digital technology by organisations in Asia-Pacific will grow by 3.5 times the economy in 2023, establishing a foundation for operational excellence, competitive differentiation and long-term growth. By 2024, 30% of organisations in Asia-Pacific will have a business continuity crisis management strategy that includes continuous intelligence and enables an agile reaction to future economic shocks and disruptions, IDC indicates. By 2026, 40% of total revenue for 2,000 organisations based in Asia will be generated by digital products, services and experiences, up from […]

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Opportunity Zones, created by the Tax Cuts and Jobs Act of 2017, offer investors capital gains tax incentives to invest in any of the 8,764 eligible Census tracts (12% of all Census tracts in the U.S.). The Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution convened an invitation-only, on-the-record conference on Opportunity Zones on November 18, 2022, including presentations of four empirical papers and two roundtables. One roundtable asked: What data are needed to fully evaluate Opportunity Zones? The other asked: What does success for Opportunity Zones look like? The agenda and a list of participants, not all of whom participated in the entire event, are at the end of this summary. The conference was supported by Arnold Ventures . The Hutchins Center was solely responsible for its content. Among the highlights: The best data to measure the impact of OZs is collected by the IRS, but it is available only to Treasury and certain Congressional researchers, limiting the ability of outside, independent researchers to evaluate OZs. Researchers are, however, using commercially available real estate data to try to gauge the impact of OZs, but are constrained by the absence of information about whether particular investments […]

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GBP/USD’s recovery could meet resistance near 1.2382 Scope for technical supports at 1.2142, 1.1991 & 1.1990 Fed’s golden QT opportunity potentially a risk multi-week But UK economic data could support short-term rebound Image © Adobe Images The Pound to Dollar exchange rate entered the new week on the front foot and could have scope to rise further in the days ahead but the recent loosening of ‘financial conditions’ risks inviting a Federal Reserve (Fed) quantitative tightening (QT) response that would be a potential risk for Sterling multi-week. Sterling rose against many of its major currency counterparts in Asia trading on Monday as last week’s Dollar selling continued but could soon face obstruction from technical resistances around 1.2302 and 1.2382 on the charts if its rebound continues over the coming days. Dollars have been sold widely in recent trade including after official figures revealed a third successive decline in U.S. inflation for the month of December last Thursday while offering the Fed a glimpse of a possible victory in its battle to return inflation to the 2% target. "Over time, we think the narrative may shift back in a more neutral or Dollar supportive direction—as US economic resilience becomes more […]

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