Business

Amid $15 minimum wage debate, small business owners and minimum wage workers divided

On any given weekday, more than a hundred children can be found skipping and cackling throughout the halls of the First Baptist Church of Umatilla, Florida. One of the services the church offers is a nonprofit child care facility and it is taken advantage of by many who live in this small Florida city that serves as the “Gateway” to the Ocala National Forest.

“Families need this to work,” explained

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Fry’s Electronics has gone out of business after 36 years

The post-economic fallout caused by the pandemic has claimed a West Coast icon.

Fry’s Electronics announced on its website it has shut down operations and closed all 31 of its stores after 36 years, citing “changes in the retail industry and the challenges posed by the COVID-19 pandemic.”

The company’s full website has been pulled down, replaced only with a message detailing the chain’s closure.

Fry’s is reaching out to vendors and to customers who have ongoing repairs with the chain about next steps.

“The Company will implement the shut down through an orderly wind down process that it believes

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PPP loans: Biden administration changes rules to help reach the smallest businesses

Starting Wednesday, small businesses with fewer than 20 employees will have a two-week exclusive window to apply for the funding. Bigger businesses will be blocked during that time period.

The administration will also change some eligibility rules, effective the first week in March. The self-employed, sole proprietors and independent contractors can now qualify for more money. They previously were excluded altogether or received as little as $1 because the loan amounts were calculated based on the number of employees.

The loan program will also open up to small business owners with non-fraud related felonies, those delinquent on their federal student … Read More

Jay-Z Sells Half of Ace of Spades Champagne Brand to LVMH

When Jay-Z clicked into a video call last week with Philippe Schaus, the chief executive of LVMH Moët Hennessy Louis Vuitton’s drinks business, the Zoom backgrounds told the story.

Jay-Z spoke from a partly covered terrace of his Los Angeles home, wearing a casual sweater, accessorized by the outdoor living room and greenery around him. Mr. Schaus was in his office in Paris, wearing a suit, accessorized by shelves of elaborate drinks bottles behind him.

The topic: the news that LVMH would acquire half of Armand de Brignac, Jay-Z’s bubbly brand. (Most people call it Ace of Spades, after its

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Biden administration announces reforms to PPP to assist small businesses

The Biden administration announced Monday plans to deliver “equitable relief” to small businesses impacted by the coronavirus outbreak, with a focus on those that may have had difficulty obtaining forgivable loans and minority-owned businesses.

“Today, I’m announcing additional changes to the [Paycheck Protection Program] that will make sure we look out for mom-and-pop businesses even more than we already have,” Biden said on Monday.

The White House released a statement saying that it built upon last year’s Paycheck

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The business I’d start now would center around blockchain

Mark Cuban became a billionaire just before the dot-com bubble burst.

In 1995, Cuban and a friend, Todd Wagner, started an internet radio platform called Broadcast.com. Four years later, Broadcast.com was acquired by Yahoo for $5.7 billion in stock, making Cuban a very wealthy man. Since then, the “Shark Tank” investor and Dallas Mavericks owner has invested in hundreds of successful companies to date.

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If Cuban were to start a company today, he would also utilize new technology — he would center the business around blockchain technology, smart contracts and NFTs,

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