US and Taiwan Begin Formal Negotiations on Trade Initiative
The US and Taiwan have started formal negotiations on a bilateral trade initiative to deepen economic ties, in a move likely to inflame already high tensions with China.
Eight Crises That Provided Key Lessons for the Fed
The Fed’s crisis policies haven’t always been a slam-dunk.
These Are the Seven Best New Bakeries in New York City
The city’s sweet tooth has never been better served, with display cases of buttery Swedish cardamom buns and glorious Korean-accented cakes.
Amazon, Oracle Say Fears of Abortion-Data Sales Are Overblown
Amazon.com Inc., Oracle Corp. and other data providers pressed by a group of US lawmakers about how they sell mobile phone location data offered assurances that the information couldn’t be used to track individuals seeking abortion services.
Payments Billionaire Found to Have Knowingly Deceived Customers
FleetCor Technologies Inc. Chief Executive Officer Ron Clarke successfully pitched small businesses on “a better way to pay” for gas, making himself a billionaire in the process.
Abrams, Kemp Duel Over Budget Surplus in Georgia Governor’s Race
Georgia Democratic gubernatorial candidate Stacey Abrams unveiled a plan to deploy the largest budget surplus in state history, saying Republican Governor Brian Kemp has no vision for the windfall other than handing out checks to residents in an election year.
Plastiq to Merge With Colonnade SPAC in $480 Million Deal
Payments provider Plastiq Inc. has agreed to go public via a merger with Joseph Sambuco’s blank-check firm.
A Black woman hits glass ceiling then breaks ground as her own boss
Sheila D. Brooks was motivated by her mother, who walked away from a Mississippi cotton field at age 13 to start a new life.
As in-person life resumes, self-care businesses see surge in customers
After up to two years in seclusion, many customers have expressed an eagerness to refocus on their appearances and engage in restorative and celebratory behavior.
As offices stay empty, downtown D.C. looks for post-pandemic identity
When the coronavirus pandemic hit, the blocks of downtown office buildings emptied. As offices slowly make their return, downtown is finding a new image.
After recession, a Black business boom
Black businesses closed at twice the rate of other businesses at the start of the coronavirus pandemic. Then Black entrepreneurship surged.
Harris hails $4.7 billion corporate pledge for D.C.-area minority firms
The commitment is aimed at “inclusive growth" practices and was convened by the Greater Washington Partnership,
Dry cleaners are beginning to close as the pandemic drags on
On one street in Northern Virginia, three dry cleaners have closed during the pandemic, an omen of what may be to come for an industry filled with independent, immigrant-run storefronts.
Some Georgetown businesses want change inside the nonprofit that runs its business improvement district
Small businesses push to reform the powerful nonprofit organization that runs Georgetown business improvement district (BID). Critics say the BID has operated for too long without transparency and accountability and has offered a questionable return on the taxes members must pay into it.
Trump’s new social media SPAC is soaring. Also, what is a SPAC?
So-called “blank-check” companies have skyrocketed in popularity in recent years, but they’ve also drawn regulatory scrutiny and the ire of scorned investors.
How a mythical backwoods monster saved a struggling West Virginia glass company
The pandemic shuttered Blenko Glass Company. Then a limited edition of figurines brought one of the most profitable years in decades.
Black-owned distilleries are breaking barriers that once surrounded the Kentucky bourbon industry
'Bourbon was considered a premium product — and I’m not sure that a premium product was necessarily marketed toward African Americans.'
Demand for anti-racist literature is up. These black bookstore owners hope it lasts.
Data show a rise in interest in anti-racist and social justice titles following George Floyd’s death. As black-owned bookstores are scrambling to keep up with demand, they’re hopeful it continues.
Following messy start, enormous Paycheck Protection Program shows signs of buttressing economy
The government’s Paycheck Protection Program initially ran dry, prompting outrage. The new problem: Now not enough businesses are taking advantage.
Covid-19 could devastate minority-owned businesses, amid fears they’ll also miss out on aid
Minority business owners, especially black and Latino ones, may be especially vulnerable because they’re less likely to have a financial cushion and also tend to be in industries severely affected by the pandemic, advocates and researchers say.