NRV business marketing group reports results

Posted on July 10, 2023
Onward NRV reported earlier this month reaching 73% of its private-sector fundraising goal of $2 million to fund operations through mid-2028.The fundraising began in November 2022 and is now entering a public phase. The results were released June 8 at the organization’s quarterly investor event at The Highlander Hotel in Radford, with nearly 100 people present.Additionally, the organization, previously the New River Valley Economic Development Alliance, seeks $1 million in government support for the upcoming five-year period.Sixty-eight investors have committed money to the campaign, which is led by CEO Bill Flattery of Carilion New River Valley Medical…

Overstock.com buys rights to Bed Bath & Beyond

Posted on July 9, 2023
NEW YORK – Bed & Bath & Beyond will live on, online at least, after Overstock.com acquired the bankrupt retail chain’s intellectual property assets for $21.5 million. The online retailer Overstock.com is dumping its name online and will become Bed & Bath & Beyond, which declared bankruptcy earlier this year. Overstock.com’s CEO Jonathan Johnson told The Associated Press in a phone interview on Thursday that the company is considering changing its corporate name but won’t make any decisions until after it digests the assets. The switcheroo to a very familiar brand was cheered on Wall Street. Shares of Overstock.com Inc.,…

Businesses expect slowing prices, wage increases: BoC survey – Business News

Posted on July 8, 2023
Photo: The Canadian PressBusinesses continue to expect wage and price increases to be larger than normal, but they are shifting to closer to what they were before the pandemic, a new survey by the Bank of Canada suggests. In its business outlook survey released Friday, the central bank said for the first time since the beginning of the pandemic businesses on balance expected slower wage growth over the next year. Firms on balance also expected their input and output prices to grow at a slower rate over the next 12 months. “Although firms still see cost pressures and labor…

What is a business loan proposal?

Posted on July 8, 2023
Starting a business can be the start of pursuing a lifelong dream. But turning a dream into reality requires putting your ideas on paper — especially if you want to secure a small business loan from a lender. In most cases, lenders will request prospective business owners to present a business loan proposal. This relatively straightforward document informs the lender why you believe your business would be a good investment worthy of a loan. Think of it as a pitch for why you should get the loan and how you plan to repay it. Key TakeawaysA business loan proposal…

Allyship at Work | She Owns It

Posted on July 8, 2023
Let’s talk about the new buzzword of the corporate world: allyship. Though you’ve probably heard a lot about it in recent months, it’s for good reason. Allyship is all about building and improving upon your relationships with marginalized groups, and it’s becoming increasingly crucial in the modern business landscape. Harvard Business Review even noted DEI improvement efforts as one of their nine tips for businesses this year. Not only does allyship help to increase diversity and productivity, but it also leads to lower employee turnover. Companies prioritizing allyship and inclusion in their work cultures have better employee retention rates, improved…

Loan repayments could lead to closures of 8,000 small Saskatchewan businesses

Posted on July 8, 2023
“Those small businesses that fought three hard years just to survive the pandemic are still facing significant challenges on their road to recovery,” said Solberg, whose organization has 4,000 business members.Solberg conducted a survey with the CFIB which concluded that 19 per cent of all small businesses could close in Saskatchewan.The loan repayment date was already extended by the federal government once, but Solberg said it’s necessary for the federal government to extend it further. “The message is loud and clear from small businesses that they need more time and obviously they appreciate the deadline has been extended once…

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

Posted on July 7, 2023
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…

Stocks end lower amid China headwinds, Fed minutes: Stock market news today

Posted on July 7, 2023
Stocks ended Wednesday’s session lower as traders returning from the Independence Day broke eyed headwinds for the global economy and combed through the release of the Federal Reserve’s minutes from its June meeting. The S&P 500 (^GSPC) finished down 0.2%, while the Dow Jones Industrial Average (^DJI) slipped by around 0.3% or about 100 points. The tech-heavy Nasdaq Composite (^IXIC) fell 0.1%. A surprisingly sharp fall in Chinese services activity stoked concerns about the health of the world’s second-biggest economy, against a backdrop of building tensions in the US-China trade war. The minutes from the Fed’s June meeting showed that…