Finance

Kabbage Insights Hopes to Keep Small Businesses Cash Positive

There’s a new tool watching your cash flow automatically. Kabbage Insights predicts and calculates cash flow patterns so your small business can target deficits and surpluses. It’s a great way to plan when to expand, downsize and ride the ups and downs of your market. What’s more, it’s free. Small Business Trends contacted David Snitkof, …

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Things Every Small Business Owner Needs to Know About the SECURE Act

The Setting Every Community Up for Retirement Enhancement Act (SECURE) is part of the government’s spending bill that includes numerous provisions intended to strengthen retirement security across the country. It is designed to open up opportunities to segments of the workforce that was previously not covered in retirement plans. In addition, the bill attempts to …

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Outbound tender rejections continue to climb through Thanksgiving

Outbound tender volumes (OTVI.USA) fell by 11.89% week-over-week. Much of this drop can be attributed to the timing of Thanksgiving. Last year Thanksgiving fell on November 22, which has skewed year-over-year comparables for the past two weeks.  Nationally, outbound tender volumes fell 4.73% year-over-year this week. Month-over-month volumes were down 12.34%, as the Thanksgiving holiday …

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Daimler to lay off at least 10,000 workers worldwide

Daimler AG (OTC: DDAIF ) reported that it is another step closer to finalizing plans to “streamline the company” in a Nov. 29 press release . The company announced that it has reached an agreement with employee representatives to “reduce staff costs and employment in a socially responsible manner.” The Stuttgart, Germany-based vehicle manufacturer reported …

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Freight Brokers: Where are we in the freight cycle?

The relationship between gross revenue and gross margins for freight brokerages is inversely related across much of the freight cycle. As spot market rates rise faster than paper (contract) rates, margins compress on higher load volumes. The opposite is also true: As spot rates fall faster than paper rates are rebid down, gross margins expand …

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CMA CGM aims to raise $2 billion to pay loans on CEVA purchase

A sharp reduction in costs helped CMA CGM boost profits in the third quarter, but the purchase of CEVA Logistics continues to weigh heavily on the bottom line of the container shipping and logistics conglomerate. CMA CGM’s core earnings before interest, taxes, depreciation and amortization (EBITDA) of $1.012 billion in the third quarter of this …

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Tata Steel to fire 3,000 workers in Europe citing slowdown and weak market demand

Tata Steel, the Indian steel manufacturer, has announced that it will be slashing 3,000 jobs across its operations in Europe , citing a global consumption slowdown and the uncertainty surrounding the U.K. general elections and Brexit that is scheduled to follow right after. “Stagnant EU [European Union] steel demand and global overcapacity have been compounded …

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Is an Employee Stock Ownership Plan Right for Your Small Business?

There are some good reasons why you should consider an employee stock ownership plan. The SBA reports about 70% of privately owned businesses will change hands in the next decade and a half. The $10 trillion price tag will be the biggest intergenerational transfer of wealth in American history. Some small business owners are ahead …

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