With the Federal Reserve’s latest rate hike adding half a percentage point to the cost of borrowing capital and reaching its highest level in 15 years, the majority of small business loans will reach the double digit interest level for the first time since 2007. The cost of taking out loans and making monthly interest … Read more
Christmas is expected to be more expensive for West Australians this year as businesses struggle to find workers and manage rising costs. Key points: Business explodes as the holiday season approaches But businesses are grappling with labor and supply issues Over 80% have passed on or plan to pass on additional costs According to the … Read more
Shoppers are seen inside a Kroger supermarket on October 14, 2022 in Atlanta, Georgia. Elie Nouvelage | AFP | Getty Images More and more stock market participants and among the ranks of professional economists have rallied around the view that inflation has either peaked or is already in decline, but Main Street small business owners … Read more
The business climate in the euro zone fell again ahead of an ECB meeting at which President Christine Lagarde is expected to raise rates again. Anna Moneymaker | Getty Images News | Getty Images European commercial activity was hit again in October, recording the largest production loss since April 2013, excluding pandemic closures. Businesses have … Read more