On this edition of our Goldman Sachs entrepreneur series Kristen Scholer and Tim Stenovec discuss the top cities where small businesses and start-ups are thriving.
Austin, Texas and Boulder, Colorado make the list. As companies start steering away from Silicon Valley these other metro areas provide a skilled workforce and established venture capital firms. Plus, we highlight Enrique Torres, the Co-owner, and President of Excellent Fruit and Produce in Miami, another city on the list!
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
