small business
NTD Business (March 13): Small Business Optimism Lowest in 9 Months; US House to Vote on TikTok Crackdown
Inflation continues to put pressure on small business owners, whose optimism fell to its lowest in nine months. However, the number of owners who view inflation as their most pressing issue is increasing.
Biden Vetoes Repeal of ‘Woke’ Lending Rule
A controversial Consumer Financial Protection Bureau (CFPB) small business lending rule will remain in effect after President Joe Biden vetoed a joint resolution of disapproval that would have repealed the measure. The rule in question requires lenders to annually collect and report to the CFPB certain credit application data from the small business owners they […]
‘It’s None of the CFPB’s Business!’: Sen. Kennedy Decries New ‘Woke’ Lending Rule for Small Business
During his speech on the Senate floor on Wednesday, Sen. John Kennedy (R-La.) fiercely criticized a new Consumer Financial Protection Bureau (CFPB) rule requiring financial institutions to collect and report certain personal information on small-business loan recipients, calling it “intrusive.” “Reporting these personal details is an invasion of privacy and a waste of resources aimed […]
Small Business Optimism Falls: Why?
The future looks a little gloomier for small businesses. Main Street’s optimism fell last month, according to a National Federation of Independent Business survey released today. NTD spoke with Javier Palomarez, founder and CEO of the U.S. Hispanic Business Council, to discuss this change amid the higher inflation.
Small Businesses Suffer as Illegal Immigrants Overwhelm System: Business Leader
With Title 42 now ended and the expected flood of illegal immigrants, how will that impact local small businesses and communities? The ending of Title 42 and the incoming wave of illegal immigrants can impact local economies, small businesses, and communities. The impact goes beyond social services to the small businesses that serve these communities
Small-Business Optimism Lowest in Decade
Optimism for U.S. small businesses fell in April, according to the National Federation of Independent Business. An NFIB chief economist said that optimism is not improving on the main street as more small business owners struggle with finding qualified workers for their open positions and see inflation as a top concern.
California Today Full Broadcast (Feb. 22)
The State Attorney General’s wife withdrew herself from serving as chair of a budget subcommittee, after allegations of a conflict of interest and ethical concerns. California is introducing a new bill that would prevent the state from working with banks that do business with gun manufacturers. Critics say it’s discriminating against firearm companies. Another storm […]
Small-Business Sentiment at Half-Year Low
U.S. small-business confidence slid to a six-month low in December, according to The National Federation of Independent Business survey on Jan. 10. An NFIB chief economist said, “small business owners are not optimistic about 2023 as sales and business conditions are expected to deteriorate.” 32 percent of these owners reported that inflation was their single […]
America’s Small Businesses Pained by Sting of Inflation
America’s small businesses have been plagued by the sting of persistently high inflation, with experts predicting little relief from high prices in the near term in an increasingly fraught economic climate with recession and stagflation fears on the rise. According to a new report from the U.S Chamber of Commerce (pdf), nearly 9 in 10 […]
Survey: A Third of US Small Businesses Can’t Pay Rent Because of Inflation
More than a third of small businesses can’t pay rent, newly released data shows. The small business network Alignable released new survey results that found that 35 percent of U.S. small business owners “could not pay their rent in full or on time in June.” “Most small business owners attribute this worsening situation to record-breaking […]
China Shipping Firms Hurting US Companies
The United States relies on Chinese shipping carriers to deliver U.S. exports. But it seems some Chinese shipping companies may not want to do that anymore. Chinese carriers like COSTO and OOCL are shipping more empty containers out of the United States than loaded ones, and that is hurting American small businesses.
Inflation Fears Among Small Business Owners at Highest Level In 40 Years
Inflation fears among small business owners have risen to their highest level in four decades as owners remain broadly pessimistic about future economic conditions, according to the latest monthly poll from the National Federation of Independent Business (NFIB). The NFIB’s small business economic survey (pdf), released Jan. 11, shows that 22 percent of small business owners […]
NFIB: Small Business Struggling Amid Inflation
Even with higher selling prices, businesses are reporting smaller profits. And even with higher wages, businesses are still struggling to find talent. Forty-eight percent of owners reported job openings that could not be filled. NTD spoke with Holly Wade, executive director at the National Federation of Independent Business’s (NFIB) research center, about the situation.