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!
David Wright, president and owner of Wright Financial Group LLC, joined Cheddar News to discuss Thursday's trading as stocks closed higher amid strong tech profits. But Wright says banking stress could sway markets down as the Federal Reserve could weigh more rate increases.
The Gap is laying off 1,800 corporate workers, roughly three time the number of headquarters jobs it cut last fall, as the struggling chain cuts costs in a bid to become more nimble.
Tyson Foods is eliminating about 10 percent of corporate jobs and 15 percent senior leadership positions, according to a memo obtained by Reuters. The cuts are just the latest attempt to trim costs amid falling profits.
Verizon is taking steps to speed up its 5G network in rural areas. The company said it plans to extend its C-band 5G network across a larger suburban and rural footprint, meaning faster speeds for customers in those areas.
Facebook parent company Meta's first-quarter results surpassed Wall Street's modest expectations on both profit and revenue, sending its stock soaring in after-hours trading.
