May 11, 2021

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San Jose Is No. 1 Among Top 25 Cities For Small Business

Tech Hub Takes Crown Despite Pandemic-Rocked Year

Biz2Credit has identified San Jose as the “Best Small Business City in America,” based on average annual revenues, credit scores, age of business, and Biz2Credit’s proprietary BizAnalyzer score, which factors in the local business climate, including rents, cost of labor, and tax rates. The analysis examined the financials of 32,000 companies that applied for small business loans – including companies that applied for PPP loans during 2020.

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I’m done with Zoom, says one of America’s top business figures

Is it the Last Supper for videoconferencing? Surely not.


Zoom

Vaccination rates are increasing.

At least among those who enjoy a luscious mixture of self-preservation and public-spiritedness.

Masks are being tossed aside, as the CDC says it’s OK to bare your face outdoors.

And, more and more, I hear people saying they’ve just had enough of Zoom.

Why, a renowned professor told me the other day: “If I have to have another bloody Zoom meeting, I swear I’ll scream.” (Zoom is, of course, the generic word that encompasses Microsoft Teams, Webex, and Google Meet too. To their creators’ annoyance.)

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Top Personal Income Tax Rates in Europe

Most countries’ personal income taxes have a progressive structure, meaning that the tax rate paid by individuals increases as they earn higher wages. The highest tax rate individuals pay differs significantly across European OECD countries—as shown in today’s map.

The top statutory personal income tax rate applies to the share of income that falls into the highest tax bracket. For instance, if a country has five tax brackets, and the top income tax rate of 50 percent has a threshold of €1 million, each additional euro of income over €1 million would be taxed at 50 percent.

Denmark (55.9 percent),

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Here Are the Top Finance Stories of the Day for May 4

Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:

If you’re not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.

Like the newsletter? Hate the newsletter? Feel free to drop me a line at [email protected] or on Twitter @DanDeFrancesco.


Inside the network of dozens of spin-off hedge funds from billionaire New York Mets owner Steve Cohen

steve cohen hedge funds 4x3



Point72; Shayanne Gal/Insider


An Insider review found more than 80 hedge funds connected to Point72 founder Steve Cohen. Big names include

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NBA Top Shot customers can’t get their money out. Experts are confounded

Dapper Labs, the $7.5 billion company behind NBA Top Shot, has struggled to deal with a massive influx of new buyers and sellers on its platform. After a month of stunning growth (Dapper Labs says NBA Top Shot has 100 times as many users since the beginning of the year) The site has frequently been down for maintenance, and customers have flooded Twitter and Dapper Lab’s official Discord channel with complaints about being unable to withdraw their money.

“I just wanna get my money out man,” complained user “Harry” in the “#vent” channel of the NBA Top Shot Discord.

Withdrawal

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Carney, Kerry Launch Global Finance Plan to Boost Climate Action | Top News

LONDON (Reuters) – UN climate envoy Mark Carney and U.S. peer John Kerry on Wednesday announced a new plan to boost efforts by the financial system to help move the global economy to net zero greenhouse gas emissions.

While many large banks, insurers and asset managers have started to commit to some form of action, the frameworks used can differ and some are not rooted in climate science or backed up by interim targets between now and 2050.

To help fix the problem, the new group – Glasgow Financial Alliance for Net Zero (GFANZ) – will bring existing net zero

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