Category: business weekly

A week after Murphy’s new MVC laws, drivers still waiting in long, winding lines

Victory was measured by Stephanie Montanez of Hoboken by a set of shiny new license plates she possessed after leaving the state Motor Vehicle Commission agency on Summit Avenue in Jersey City.

That transaction cost her more than four hours in time.

“I was expecting much worse,” Montanez said, who said she arrived at 5:30 a.m., Friday. The line extended down the block and around the corner when she joined it.

“I’m just so excited it went so well,” Montanez said, leaving the agency before 10 a.m. She gave the employees good grades for their work, once she was inside.

Friday marked a week since Governor Phil Murphy signed two laws designed to get people out of agency lines and allow them to do business on the MVC website instead.

Those new laws moved more driver’s license renewals online by allowing drivers to reuse their photos for two online renewals.

Read More

Senator Witkos Highlights National Small Business Week

Press release from Office of Senator Kevin Witkos:

Sept. 23, 2020

State Senator Kevin Witkos (R-Canton) is highlighting National Small Business Week and encouraging individuals to shop local and support small businesses.

“National Small Business Week is a wonderful opportunity for individuals to recognize and support the many small businesses throughout Connecticut and the 8th District. From restaurants, retail stores, and more, small businesses are integral to our local and state economy. In addition, many small businesses proudly support local non profits and various fundraising drives that so many local groups rely upon. It is vital that we support small businesses not just during the holiday season, but year-round as well” said Senator Witkos.

“National Small Business Week takes on even more meaning this year due to the challenges brought upon by Covid-19. Small businesses have had to adapt and work to overcome challenges none of us have ever seen

Read More

5 best bets to make against the spread

a group of football players on a field

© Provided by Fansided

a group of people playing football on a field

© Provided by Fansided

INDIANAPOLIS, INDIANA – SEPTEMBER 20: Dalvin Cook #33 of the Minnesota Vikings runs the ball against the Indianapolis Colts at Lucas Oil Stadium on September 20, 2020, in Indianapolis, Indiana. (Photo by Andy Lyons/Getty Images)

The Steelers and Colts are among the best NFL bets in Week 3.

We’ve hit Week 3 in the NFL season and it feels like we’ve hit a milestone for gambling information. Each team has played one home game and one road game, giving us some context for how everyone will play this season. We’ve seen some teams emerge as surprises while others haven’t lived up to the hype. Let’s take a look at five of the NFL’s best bets for Week 3 with all lines courtesy of the FanDuel Sportsbook.

5. NFL Week 3 best bets: Minnesota Vikings +2.5

It hasn’t been fun to be a

Read More

Flora-Bama back in business after Hurricane Sally cleanup

The Flora-Bama, the popular outdoor bar straddling the Florida-Alabama border, reopened Tuesday — a week after the establishment sustained damage from Hurricane Sally.

a store sign hanging on a wall: The Flora-Bama reopened Tuesday, less than a week after the popular beachside bar sustained damage from Hurricane Sally.

© Lawrence Specker | Specker |
The Flora-Bama reopened Tuesday, less than a week after the popular beachside bar sustained damage from Hurricane Sally.

The Flora-Bama in Pensacola, just a few feet away from the Alabama border, posted a photo on its Facebook page showing rising waters outside the establishment. The bar also suffered damage to the interior.

Sally pounded the Gulf Coast as a Category 2 hurricane, making landfall Sept. 16 in Gulf Shores.

Less than a week after the hurricane pummeled the Gulf Coast, the Flora-Bama said it had reopened on Tuesday.

“We have some good news to share with everyone and there is more positive news on the horizon. After Hurricane Sally, the staff and community came together to help get Flora-Bama

Read More

Fraudsters exploit pandemic small-business relief program

Dozens of business owners conned the federal government out of millions in small-business relief loans through money laundering, identity theft, and false documentation, according to a new report released Monday.

© Provided by Washington Examiner

The Small Business Administration’s relief program, the Paycheck Protection Program, which provided forgivable loans to struggling small businesses, has made a large number of fraudulent loans, according to recent findings.


Load Error

“We are only now seeing the tip of the PPP-fraud iceberg as waves of new cases are announced each week,” said Jenna Kruse, spokeswoman for Accountable.US, a nonprofit government watchdog that released a tracker Monday that has gathered examples nationwide of abuse and waste within the small-business relief program.

“From loans given out to a fake ’emotional support animals’ business to fraudsters using what should have been money to keep small businesses open to instead buy Lamborghinis and million-dollar homes, the implementation of

Read More

Together, Idaho and President Trump are taking action to support small business | Local

It’s National Small Business Week, a fitting time to reflect on the ways President Donald Trump and the State of Idaho are supporting small business – the backbone of our economy.

We’ve been working with President Trump and his administration to put people over paperwork by reducing the volume and cost of regulation.

President Trump created the Governors’ Initiative on Regulatory Innovation to extend his historic regulatory reform to every level of government. The initiative aims to cut regulations and costs, advance occupational licensing reform, and better align state and federal regulations to support small businesses above all.

President Trump targeted the behemoth National Environmental Policy Act, or NEPA, for change. Idaho’s congressional delegation and I wholeheartedly backed his effort and will do everything we can to support the transformation, which enables much-needed transportation and land management projects to move forward more quickly while maintaining

Read More

Wall Street retreats as business activity slows

By Sagarika Jaisinghani and Devik Jain

Sept 23 (Reuters)Wall Street’s main indexes fell on Wednesday as data showed domestic business activity slowed in September, although a record high for Nike following a strong quarterly earnings report capped declines on the blue-chip Dow.

Nine of the 11 major S&P indexes were down in morning trading, with energy .SPNY – already the worst performing sector this year – leading declines. O/R

Hopes of a stable economic rebound from a pandemic-led recession, combined with historic fiscal and monetary stimulus, had driven a rally in the three main U.S. stock indexes since a coronavirus-driven crash in March.

However, doubts over the next coronavirus relief bill as well as a selloff in heavyweight technology-related stocks have weighed on sentiment this month, with Wall Street favorites including Facebook Inc FB.O, Apple Inc AAPL.O and Inc AMZN.O bearing the brunt of the

Read More

Get the inside track on the race for the White House with Business Insider’s DC bureau

Tom LoBianco wearing glasses and smiling at the camera: Courtesy of Tina Sfondeles; Lawrence Jackson Photography; Courtesy of Darren Samuelsohn; Samantha Lee/Business Insider

© Courtesy of Tina Sfondeles; Lawrence Jackson Photography; Courtesy of Darren Samuelsohn; Samantha Le…
Courtesy of Tina Sfondeles; Lawrence Jackson Photography; Courtesy of Darren Samuelsohn; Samantha Lee/Business Insider

  • As we enter the homestretch of the 2020 presidential campaigns, listen in on Tuesday, September 29, at 1 p.m. ET for a live conversation with Business Insider’s politics team.
  • Join the discussion with our Washington, DC, bureau chief, Darren Samuelsohn, and the reporters Tom LoBianco and Tina Sfondeles on what to expect at the much-anticipated first presidential debate, the inner workings of the Trump and Biden campaigns, and the expected battle over the election results after the November 3 vote.
  • You can sign up for our free event here.

Business Insider’s new Washington, DC, bureau has been producing exclusive, in-depth enterprise stories that dive into the intersection of politics, policy, and power in the nation’s capital.

Built from scratch by the

Read More

U.S. business activity slows; house prices jump

WASHINGTON (Reuters) – U.S. business activity cooled in September, with gains at factories offset by a retreat at services industries, suggesting a loss of momentum in the economy as the third quarter draws to a close and COVID-19 lingers.

FILE PHOTO: A ‘for sale’ is seen outside a single family house in Garden City, New York, U.S. on May 23, 2016. REUTERS/Shannon Stapleton/File Photo

Data firm IHS Markit said on Wednesday its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, slipped to a reading of 54.4 this month from 54.6 in August. A reading above 50 indicates growth in private sector output. Though the private sector continues to expand, this month’s dip in the index supports expectations of an ebb in economic momentum as the boost from fiscal stimulus fades.

Gross domestic product is expected to rebound at as much as a record 32% annualized

Read More

C$ slips to 6-week low as COVID-19 worries bolster greenback

* Canadian dollar weakens 0.4% against the greenback

* Loonie hits a 6-week low at 1.3355

* Price of U.S. oil increases 0.2%

* Canada’s 10-year yield steadies at about 0.560%

TORONTO, Sept 23 (Reuters) – The Canadian dollar fell to a
six-week low against its broadly stronger U.S. counterpart on
Wednesday, as data showed euro zone business growth grinding to
a halt this month and as investors awaited details of Ottawa’s
spending proposals.

The loonie was trading 0.4% lower at 1.3351 to the
greenback, or 74.90 U.S. cents.

The currency touched its weakest intraday level since Aug.
11 at 1.3355, while the safe-haven U.S. dollar clung to
two-month highs against a basket of major currencies as concerns
about a second wave of coronavirus infections in Europe met weak
economic indicators.

Data showed the euro zone’s service industry slamming into
reverse. .

Canadian Prime Minister Justin Trudeau on Wednesday will

Read More