Small businesses say inflation is cutting into profits: New survey

If you’re a small business owner, you’ve probably had a tumultuous past few years. For businesses that experienced the worst of the Covid-19 pandemic shutdown and supply chain issues, the economic recovery has brought back customers willing to spend. But recently, business owners have had to contend with record inflation, which is driving up the … Read more

Business highlights: Stubborn inflation, looming rail strike

___ Consumer-led, US inflation rises more stubbornly WASHINGTON (AP) — U.S. inflation is showing signs of entering a more stubborn phase that is likely to require drastic action by the Federal Reserve, a change that has spooked financial markets and raised recession risks. Some of the long-standing drivers of higher inflation — a spike in … Read more

Business highlights: Stubborn inflation, looming rail strike

___ Consumer-led, US inflation rises more stubbornly WASHINGTON (AP) — U.S. inflation is showing signs of entering a more stubborn phase that is likely to require drastic action by the Federal Reserve, a change that has spooked financial markets and raised recession risks. Some of the long-standing drivers of higher inflation — a spike in … Read more

As small businesses raise prices, some customers push back

NEW YORK — Inflation doesn’t just cost small businesses money. It also costs them customers. At the Bushwick Grind Cafe in Brooklyn, New York, Kymme Williams-Davis raised prices and diversified to deal with rising prices for milk, coffee, paper goods and plastic, as well as shortages of items such as paper cups and plastic covers. … Read more

Democrats tout business investments from Intel, AT&T

Democratic US Senate candidate Mark Kelly speaks at an election watch party in Tucson, Arizona, US, November 3, 2020. Cheney Orr | Reuters Democrats are touting new partnerships with corporate America in an effort to convince voters they can deliver jobs and protect the economy ahead of the midterm elections. Many of the investments touted … Read more

Biden’s bill to help millions avoid higher health care costs

WASHINGTON (AP) — Millions of people in the United States will be spared large increases in health care costs next year after President Joe Biden signed into law providing generous subsidies to those who buy plans through the federal and state marketplaces. The sweeping climate, tax and health care bill has set aside $70 billion … Read more

Biden’s bill to help millions avoid higher health care costs

WASHINGTON (AP) — Millions of people in the United States will be spared large increases in health care costs next year after President Joe Biden signed into law providing generous subsidies to those who buy plans through the federal and state marketplaces. The sweeping climate, tax and health care bill has set aside $70 billion … Read more

Semiconductor bill unites Sanders, right-wing in opposition | technology

By KEVIN FREAKING – Associated Press WASHINGTON (AP) — A bill to boost semiconductor manufacturing in the United States has managed to do the almost unthinkable — unite Democratic socialist Sen. Bernie Sanders and the fiscally conservative right. The bill moving through the Senate is a top priority for the Biden administration. That would add … Read more

Business highlights: High diesel prices, Tesla profits

___ Sky-high diesel prices are squeezing truckers, farmers and consumers NEW YORK (AP) — High diesel prices are driving up the cost of everything from groceries to Amazon orders and furniture. This is because almost everything that is shipped, whether by truck, rail or ship, uses diesel fuel. Truckers refuse shipments in the states with … Read more

The number and variety of independent bookstores increased in 2021 Fun

NEW YORK (AP) – Laura Romani, a Chicago resident with experience in education and library science, was thinking about a new career. “I was at home a few years ago thinking about all the experience I gained and how I wanted to contribute to the Latino community, while allowing myself to be alone and use … Read more