At some point, every successful business owner is faced with the decision of whether or not to expand. Kristen Scholer and Tim Stenovec talk through some things to consider when it comes to scaling a small business.
Make sure you think about potential increased sale vs. cost of expansion. Do your market research and be sure to account for fluctuations in the business cycle and local economy. Then, make sure you have the financing and staff to meet the company's growing needs as it expands.
Plus, we highlight Shweta Pranav Patil, owner of Shweta Engineers, as an entrepreunur featured in Goldman Sachs' 10,000 women program.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
