M&A activity in the US and Canada hit its lowest since the pandemic… 33 million US small businesses face worst outlook in 50 years

"M&A activity across the US and Canada slowed in the second quarter of 2024 to the lowest level since the early days of the pandemic, owing to relatively high interest rates and financing challenges."@SPGlobal pic.twitter.com/Vd9ervi16o — Daily Chartbook (@dailychartbook) July 17, 2024 There are 33 MILLION small businesses in the US, 44% of GDP. They …

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Australia battles cashless shift; businesses face $25,000 fines if they don’t accept cash, aiming to preserve physical money circulation.

Australian businesses and companies could soon cop huge fines if they don’t accept or carry cash. Politicians Andrew Gee and Bob Katter have introduced a bill that aims to keep physical money in circulation. With the rise of digital payments and wallets, the use of cash has been declining rapidly over the last few years. …

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The death of NY – “CONGESTION PRICING” coming to NY in less then 30 days, businesses set profit,.price of everything going up

The price of things has started to increase and now they can point the finger and say, it’s because of “congestion pricing” There’s no escaping the MTA’s new $15 congestion toll to enter Midtown — even for local residents who don’t drive a car. A Brooklyn-based air-conditioning and ventilation service firm is already alerting customers below 60th …

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Illinois hikes taxes amid taxpayer exodus, bankrupt pensions, and businesses fleeing.

Illinois Senate advances largest spending plan in state history to House. In fiscal year 2019, the state spent around $36.4 billion in state taxpayer funds. The proposed plan for fiscal year 2025 that begins July 1 is more than $53 billion. Considering total taxpayer spending, including federal passthrough dollars, in fiscal 2019 taxpayers spent $71.8 …

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Abrupt bankruptcy of financial middleman Synapse freezes bank accounts of tens of thousands of U.S. businesses and consumers

The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankruptcy of financial technology company Synapse, which acts as a middleman between financial technology companies and banks. Synapse filed for Chapter 11 bankruptcy protection in April and has shut down its services to some …

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Nearly 50% of small businesses won’t survive a second Biden term, with 40% delaying bill payments and 70% postponing staffing plans.

via naturalnews A new RedBalloon and PublicSquare report reveals that nearly half of small businesses in the United States believe they “definitely” or “probably” don’t stand a chance to survive another four years of Joe Biden presidency. The survey, which polled 80,000 small businesses, found that 22.4 percent of respondents think they definitely don’t stand a chance to survive another four years under the …

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They really want all businesses to leave the state

Man they REALLY want all businesses to leave the state, huh? — Jonas RG 🐭🚜 (@JonasRG) May 15, 2024 California’s Sacramento-seated collectivists have forced the minimum wage to rise to $20 per hour, which was immediately followed by mass lay-offs and resulted in many businesses turning to automation. Now, it seems, they have realized the …

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Small businesses struggle with rent payments; CRE loan charge-off rates double peak levels

Economic headwinds persist as 43% of small businesses struggle to pay rent, while charge-off rates on commercial real estate loans surge to nearly twice their 2020 peak levels. This trend, exacerbated by elevated interest rates and depressed asset valuations, underscores ongoing challenges in the real estate market and broader economic conditions. BREAKING: 43% of small …

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US big-cap investors bullish, small businesses pessimistic amid rising inflation and poor sales.

And who can blame them with inflation accelerating? pic.twitter.com/YRIyJbfCt3 — Michael J. Kramer (@MichaelMOTTCM) April 9, 2024 US small-business optimism dropped to a more than 11-year low in March as sales expectations slumped and inflationary pressures remained a trouble spot, according to the National Federation of Independent Business. The index of sentiment fell 0.9 point …

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Biden’s EPA regulations threaten to cripple the trucking industry, hurting American businesses and workers.

from Fox News: The Biden administration finalized long-awaited regulations targeting emissions generated from heavy-duty vehicles, including trucks and buses, the latest salvo in President Biden’s sweeping climate agenda. The Environmental Protection Agency announced the new regulations Friday morning, and officials said they represent the strongest-ever greenhouse gas emissions standards of their kind. The rules will …

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Legal experts warn Trump’s hefty civil penalties set a precedent, risking businesses in New York on political whims.

New York State becomes ‘legal banana republic’ – Prepare for mass exodus of businesses from NY via Foxnews: Legal experts analyzed what they called “breathtaking” civil penalties against former President Donald Trump, Donald Trump Jr., Eric Trump, former Trump Organization Comptroller Jeffrey McConney and ex-CFO Allen Weisselberg – warning other corporations based in the Empire …

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Illinois gangster mayor is shutting down local businesses.

Dolton, Illinois — Mayor Tiffany Henyard attends meetings dressed as a movie gangster and her residents say she plays the part – retaliating against them unless they do her bidding, The Post can reveal. Henyard channeled drug kingpin Nino Brown from the 1991 gangster movie “New Jack City” at a 2023 gathering, an ensemble meant …

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German Uprising: Massive Protests Against Government Threats to Businesses

WOW: Germans are rising up in massive numbers protesting government plans to push them out of business. pic.twitter.com/jctqwrmvgE — Keean Bexte (@TheRealKeean) January 3, 2024 Farmers are not the problem. The globalists at the World Economic Forum and our elected "leaders" are the problem. https://t.co/MIggvloLjR — Wall Street Mav (@WallStreetMav) January 3, 2024

Businesses where George Floyd was killed sue Minneapolis, saying police are not protecting the area

MINNEAPOLIS (AP) — Several stores at the location where George Floyd was killed by Minneapolis police in 2020 have sued the city, accusing it of neglecting the area and hurting business. The lawsuit, filed in mid-November in state court, also names Mayor Jacob Frey and other officials and accuses the city of not properly policing …

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Businesses Ditch Woke ‘Diversity’ Initiatives In Droves Amid Economic Uncertainty

via Daily Caller Diversity, equity and inclusion (DEI) initiatives lost steam in 2023 compared to previous years as companies increasingly shift resources due to tightening economic conditions, according to Paradigm. The total percentage of American organizations with a DEI budget dropped 4 percentage points, from 58% in 2022 to 54% in 2023, while the number …

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Bankruptcies of small businesses are on the rise; Tax receipts from the federal government are declining.

https://t.co/uiWqkdCywT — Win Smart, CFA (@WinfieldSmart) October 6, 2023 Uh 🤔 pic.twitter.com/sYScyDhelh — Win Smart, CFA (@WinfieldSmart) October 6, 2023 Report Finds Chapter 11 Filings by Businesses Soar 61% So Far This Year U.S. businesses faced significant challenges in 2023, with commercial Chapter 11 bankruptcies rising by 61% to 4,553. Small business filings increased by …

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The cost of borrowing has increased significantly, and small firms are feeling the heat. Small businesses facing tough times with rising bankruptcies.

It's hard to see a case for interest rate cuts returning anytime soon. However, we continue to believe that rates will PAUSE for longer. Inflation to 2% remains the Fed's number one objective right now. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October 2, 2023 As I've …

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Businesses are going out of business? Federal tax revenues are sharply declining

https://twitter.com/zerohedge/status/1702146403475030390 https://twitter.com/WinfieldSmart/status/1702286302597554676 Citi Bank is planning mass layoffs to stem costs $C — Don Johnson (@DonMiami3) September 13, 2023 This is incredible: 1. China unexpectedly cut rates by their most since 2020 2. Europe unexpectedly raised rates to their highest since 2001 3. The Fed is expected to pause rate hikes for months 4. Australia …

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‘Credit availability is going to be a major concern for businesses’

People are moving money from banks to money market funds due to high interest rates This means banks will have less money to lend and they will be more careful with who they lend to Credit availability is going to be a major concern for businesses pic.twitter.com/QaR7CLAtM4 — Bravos Research (@bravosresearch) August 29, 2023 Financial …

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Progressive insurance sued for ‘patently unlawful’ racism by offering $25,000 grants to help black-owned businesses buy vehicles, but ruling out whites, Asians, Latinos, and others

Progressive insurance has been sued for ‘patently unlawful’ racism by offering $25,000 grants to help black-owned businesses buy vehicles — but barring white, Asian, Latino, and other entrepreneurs from applying. The lawsuit was filed by the conservative group America First Legal (AFL) and others on behalf of Nathan Roberts, the owner of Ohio-based Freedom Truck …

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