Business News

Local news is good for business | Commentary

4 min read

It’s no secret that recently years have been tough on small businesses and on newspapers. A bipartisan bill, the Community News & Small Business Support Act, that has been introduced in Congress would offer relief to both newspapers and local businesses.

For too many newspapers help can’t come soon enough.

Economic challenges have resulted in too many communities seeing their local newspapers being forced to lay off staff, cut back on publication days or — worse yet — close. On average, two newspapers are closing each week. That hurts local businesses and residents in the long (and short) run. However,

Business News

China’s economy misses growth forecasts, raising the odds of more support for its edged recovery – Business News

4 min read

China’s economic growth missed forecasts in the second quarter of the year, adding to worries over surging youth unemployment and a weak property sector and raising the likelihood the government will double down on support for the faltering post COVID-19 recovery.

The world’s second largest economy grew at a 6.3% annual pace in the April-June quarter, much slower than the 7% plus growth analysts had forecast given the anemic pace of activity the year before.

Unemployment of youths aged 16 to 24 rose to a record 21.3% in June, up from 20.8% the month before.

Investment

Business News

Aretha Franklin’s Wills Dispute – Rickard & Associates

3 min read

If you have been following the news, you may have seen that there is a dispute regarding Aretha Franklin’s estate plan. Her sons are in court fighting over her estate and multiple wills.

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Aretha Franklin died in 2018, and because she did not have a trust, she wills went through probate court where they are being disputed by her sons.

A Will from 2014 and two Wills from 2010 were

Business News

Small plane with at least six people on board crashes in California

2 min read

At least six people were on board a small plane when it crashed in California early Saturday morning, the Federal Aviation Administration confirmed to CBS News.

The Cessna C550 business jet crashed at around 4:15 am local time near the French Valley Airport in Murrieta, California in Riverside County. The craft was “down in a field” and “fully involved in fire,” the Riverside County Fire Department tweeted on Saturday. The fire burned “approximately one acre of vegetation” and was contained at about 5:35 am

Officials did not provide information about the passengers’ conditions. CBS News has reached out to

Business News

The Zacks Analyst Blog Highlights PGT Innovations , Owens Corning, Watsco, James Hardie Industries and Arcosa

7 min read

For Immediate Release

Chicago, IL – July 6, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: PGT Innovations, Inc. PGTI, Owens Corning OC, Watsco, Inc. WSO, James Hardie Industries plc JHX and Arcosa, Inc. ACA.

Here are highlights from Wednesday’s Analyst Blog:

Five Building Product Stocks Up More than 40% Year to Date

The Zacks Construction sector has been displaying strength since the beginning of 2023, despite housing slowdown

Business News

Apple became the first company to have a market cap topping $3 trillion

2 min read

Apple’s market cap topped $3 trillion on Friday, as shares rose about 1% to a new high and passed the $190.73 price required to hit the milestone, according to CNBC’s most recent share count.

Apple was the first company to hit a $3 trillion market cap during intraday trading in January 2022, but it failed to close at that level. It has another shot to do that on Friday.

It shows investors remain bullish on the stock and Apple’s portfolio of products and services, despite the company’s warning in May that its current quarter revenue is expected to fall about

Business News

Taxes in Canada: Should you pay with a credit card

6 min read

Are you debating whether you should pay your taxes off with a credit card? This year, more than 6.5 million Canadians owe taxes, with an average balance of $6,990, according to the CRA’s 2023 personal income tax return statistics.

Paying your taxes off with a credit card could work to your benefit. However, there are also some considerable drawbacks to take into account. Below, I’ll discuss some of the pros and cons of paying the CRA with your credit card and outline some of the best alternatives.

HOW TO PAY THE CRA

Thankfully, the Canada Revenue Agency makes it incredibly

Business News

American companies are draining their cash at the dumbest possible time

6 min read

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link.


New York
CNN

Companies are sitting on a lot less cash than they were last year, in part because they’re spending it on share buybacks and corporate dividends.

While shareholders may be chuffed by that news, the slumping economy, surging interest rates and a credit crunch may mean US firms come to regret reducing their cash buffers.

The largest companies