Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Fed mulling more stimulus: A number of Federal Reserve policymakers are open to further stimulus injections in an effort to revitalize the economy, according to minutes of the central bank’s latest meeting. While it wasn’t clear exactly what could prompt such steps, “several members” thought additional Fed support could be needed.
California teen wins national NFIB award: The National Federation of Independent Business on Wednesday awarded Catherine Mitchell of Oceanside, Calif., its 2012 Young Entrepreneur of the Year. Mitchell is the founder of Beauty 4 Life, a socially minded business that sells jewelry handcrafted by Ugandan women.
Credit debt falls, but so do credit scores: Americans’ credit card and mortgage debt have both fallen this year, however, the average credit score also dropped one point between March and April to 659, according to a new report from San Francisco-based Credit Karma.
JPMorgan sued over $2B trading disaster:On Tuesday, investors filed a class-action lawsuit against JPMorgan Chase accusing the bank of misleading shareholders leading up to the $2 billion trading loss the company sustained earlier this week. Lawyers said the bank did not fully disclose the risky nature of its trades.
Keep an eye ‘on’:
Obama renews support for small business tax cuts:President Obama hosted a roundtable discussion at Taylor Gourmet in downtown Washington on Wednesday in order to promote a set of policies that his administration says will spark job growth at the nation’s smallest firms. The president later met with lawmakers to urge them to pass the “Congressional To Do List” he unveiled last week.
Helpful advice ‘on’:
How to find a small-business-friendly bank (CSM)
How to quickly bring your business online (NFIB)
How to lift your staff’s energy level (Open Forum)
How to approach content marketing (Fast Company)