Forget Klarna? Investors bet new startups will in ‘buy now, pay later’

Klarna is in talks to raise funds at a sharp discount to its last valuation, according to a report from the Wall Street Journal. A spokesperson for the firm said it does not comment on “speculation.” Jakub Porzycki | NurPhoto via Getty Images With hype over the “buy now, pay later” trend fading, some investors … Read more

Black business owners under the age of 20 on early success lessons

Hiraman | E + | Getty Images According to certified financial planner and CNBC Contributor, Lazzeta Braxton, now is a great time for African Americans to create their own business. Braxton, co-founder and co-CEO of 2050 Wealth Partners, says aspiring young Black entrepreneurs should get out of their comfort zone, expand their network, participate in … Read more

Microsoft finds Gen Z is redefining the idea of work hustle

Inga Kjer | Photothek | Getty Images For decades Microsoft has been associated with a traditional definition of office work, long hours in front of a computer, but now the corporate enterprise giant finds Gen Z entrepreneurs disrupting ideas about workplace hustle and the traditional 9-5 day. Many recent Gen Z college graduates are flipping … Read more

Brex drops small business customers as Silicon Valley adjusts to new reality

Brex Co-Founder & CEO Henrique Dubugras speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center on October 02, 2019 in San Francisco, California. Steve Jennings | Getty Images Brex, the Silicon Valley lender to start-ups, is dropping tens of thousands of small business customers to focus on bigger venture-backed clients, according to … Read more

IRS boosts mileage rate deductions as gas prices soar to $5 a gallon

Guy Benhamou sends a picture of gas prices to friends while pumping gas at an Exxon Mobil gas station on June 9, 2022 in Houston. Brandon Bell | Getty Images If you’re self-employed or own a small business, you may soon be eligible for a little relief from soaring gas prices. Starting on July 1, … Read more

Behind on retirement saving? A bad market can be a good time to invest

Small business owners are among the Americans most likely to fall behind on saving for retirement. Investing back into a business is more often a priority for entrepreneurs with any excess cash than investing in a long-term tax-deferred retirement plan. Covid did not help. Amid the pandemic, scores of America’s small business owners stopped or … Read more

Seaweed could be a vital ingredient in the fight against climate change

Like many coastal communities around the world, people living by the sea in the United Kingdom have harvested and consumed seaweed for centuries. In Wales, Welsh laverbread – made from cooking a type of seaweed called laver – is a culinary delicacy so revered that it enjoys Protected Designation of Origin status. Seaweed’s uses do … Read more

How Netflix high-school grad built up a $100,000 business

Justin Ellen found himself at a difficult crossroad when he was 17 – should he pursue his passion for baking full-time, or go to college to further his education? At that time, the youngest contestant of Netflix’s popular baking show was making custom cakes from home as a side-hustle, while also juggling with school. He … Read more

For Biden’s ratings to go up, it’s obvious what needs to go down

US President Joe Biden delivers remarks on economic growth, jobs, and deficit reduction in the Roosevelt Room at the White House in Washington, US, May 4, 2022. Evelyn Hockstein | Reuters Fewer small business owners now than a year ago approve of the job Joe Biden is doing as president. In fact, small business owners … Read more

Human trafficking survivor builds a small business with only $400.

It started with just a few hundred dollars. Entrepreneur Nakia Vestal escaped human trafficking as a teenager and began working at beauty salons and shops. After gaining experience and disliking her job opportunities, Vestal decided to go into business for herself. In 2017 and with $ 400, Vestal founded DollMaker Lashes, a beauty studio in … Read more