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The U.S. economy just grew at its fastest quarterly pace ever—but doubts loom about the rest of the year

The economy just experienced its fastest three months of growth in U.S. history.

In the third quarter, from July to September, GDP climbed 33.1% on an annualized basis, according to data released Thursday by the U.S. Bureau of Economic Analysis.

This historic climb follows the U.S. record 31.4% annualized GDP decline in the second quarter, and the 5% annualized decline in the first quarter. During that period economists around the world were in panic and questioning if the United States—as well as the rest of the world—were on the cusp of an economic depression. But once states began to ease lockdown restrictions in the summer, the U.S. economy sprung from deep contraction to high growth.

It’s the last major piece of economic data before Election Day, and President Trump was quick to celebrate the numbers.

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The perils of the fintech deal flurry

It was already a big deal when Visa agreed to acquire fintech startup Plaid for $5.3 billion in January—two times the company’s previous private market valuation. But the deal heralded something even larger, helping ignite a flurry of mega fintech deals: Intuit announced plans to acquire Credit Karma for $7.1 billion just a month later, while competitor Mastercard said it planned to acquire Finicity for nearly $1 billion in June.

Now the Department of Justice is scrutinizing all three deals, each involving a startup selling to an older and larger incumbent. In particular, the DoJ could soon decide whether it will sue to block Visa’s planned acquisition of Plaid, according to the Wall Street Journal—and it is also looking into the Finicity and Credit Karma deals. 

Plaid and Visa aren’t direct competitors—Visa focuses on payments while Plaid builds software that helps digitally connect consumers’ various bank and fintech … Read the rest

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How one company is ‘pulling the plug’ on the ‘bathtub’ of climate change

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If the Earth’s atmosphere is a bathtub, it’s getting close to full. The analogy is one that Steve Oldham, CEO of Carbon Engineering, uses to explain what he believes are the best strategies to fight climate change.

A bathtub, Oldham explains, can only hold so much water before it overflows—and it’s too late to turn off the faucets all the way. But if you slow the stream of water and, at the same time, open the bathtub’s drain, you can still stop the tub from reaching its limit.

“The bathtub is going to continue to fill,” Oldham said at the Fortune Global Forum on Monday. “If we had the ability to pull the plug at the same time as we turn down the taps, the water … Read the rest

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Chobani’s radical plan to take care of its hourly workers: Pay them more

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For the first seven years after founding Chobani, CEO Hamdi Ulukaya rarely left his yogurt-making factory as he worked to get his business off the ground. “I saw the dedication, the work, the discipline, the human connections,” he says. “But I also saw the struggles.”

As the industry grew, Ulukaya also witnessed what he describes as a disconnect between the sector prospering but not all of its workers sharing in that success—especially those working the factory floor. “Society moves on the shoulders of people like that,” he tells Fortune.  

In an effort to bridge the gap Ulukaya sees between employee and company success in the business world, Chobani plans to increase its starting hourly wage to at least $15 an hour—more than double federal minimum … Read the rest

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A repeat of the 2016 polling error would see Biden win with a 342 electoral vote landslide

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In 2016, Hillary Clinton went into Election Day leading Donald Trump in the RealClearPolitics poll average in Pennsylvania (+1.9 percentage points), Michigan (+3.4 points), and Wisconsin (+6.5 points). Trump would go on to win all three states by less than 1 percentage point—a polling error that shocked the world.

This time around, Democratic nominee Joe Biden also leads poll averages in Michigan (+8.1 points), Pennsylvania (+5.3 points), and Wisconsin (+4.6 points). But it doesn’t stop there. In all, Biden is leading in seven states Trump won four years ago, including Arizona (+2.4 points), Florida (+1.5 points), Iowa (+0.8 points), and North Carolina (+1.2 points). Trump holds narrow leads in Georgia (0.4 points), Ohio (0.6 points), and Texas (2.6 points).

But what’s the result if the polling … Read the rest

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Buzzle

Small enterprise financial assistance is offered in the United States from each the federal and state governments in the type of grants and loans which can be used to start out a brand new business or to broaden an existing one. Ease your cash movement and revel in versatile repayment options by accessing long term credit when your obtainable funds are restricted. Recurring funds are a helpful strategy to pay your common bills reminiscent of energy, gasoline and telephone routinely from your credit or debit card. They’ll take the hassle out of remembering when your common bills are due, and a few firms even offer reductions if you pay by automated cost. Whenever you change into the victim of frustration whereas marketing your small enterprise, you need to quick turn into alert and never let the frustration overcome you. As an alternative, take into account this as a chance to … Read the rest

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The Failure Of The Titanic And The US Economy

With the economic system remaining The Walt Disney Company’s largest risk, the current turmoil within the monetary markets has adversely affected the financial exercise within the United States and different areas of the world wherein Disney conducts business, and has affected demand for some of Disney’s products and services. Model consciousness. More eyes on you. More feedback from more markets in plenty of languages. Put your world advertising plan into practice nicely, and your brand awareness could go through the roof. No matter what type of enterprise, an excellent on-line status is important. Bad reviews can lead customers to a competitor. Websites like Yelp enable anybody to depart critiques, and poor reviews can critically hurt a brand. Consumer advertising sits in another organisation, and we work onerous with them and as carefully as we are able to – the tools which an organization uses to achieve consumers are very powerful … Read the rest

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How To Activate Your KBC Brussels E

It’s not simple to be in enterprise today if you are not strategically positioned together with your vision, advertising plans and resources; all of the extra if yours is a small business. The primary policy used during the Nice Recession, nevertheless, was the monetary coverage as a result of the fiscal coverage takes too lengthy to implement. The federal government tried to make use of the fiscal coverage to stabilize the financial system by lowering rates of interest, nonetheless, lowering the rates of interest was limited and the federal government had to make use of its reserves. The government implemented a stimulus plan to assist improve the speed of unemployment , client spending and promote funding by re-establishing confidence in traders. The stimulus plan, created from financial policy, helped to improve unemployment benefits, federal tax incentives, health, training, energy and infrastructure. three. The third part contains the home corporations which … Read the rest

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Frameworks, Instruments & Doc Templates

A business plan on your garden care business is essential. Consolidate all provider payments and easily observe and management day by day expenditure with our Procurement Card. Card Statement: Itemizing all transactions which might be billed to Card account since final assertion date including charges, revenue and the monthly due fee. SBA and different bank conventional loans are tough to qualify for because the lender and SBA will evaluate ALL facets of the enterprise and the business owner for approval. To get approved all facets of the enterprise and business owner’s personal funds should be close to PERFECT. There isn’t any question that SBA loans are robust to qualify for. This is why in line with the Small Business Lending Index, over 89% of business applications are denied by the large banks. While the structure of a B2B sale involving a corporation is known, the psychology of a B2B sale, … Read the rest

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How To Write A Enterprise Plan Utilizing A Enterprise Plan Template

In my final article on Value Efficient Marketing Methods for small businesses I discussed how you can use Mass Media on a small finances very successfully. Entrepreneurship is the act of creating a enterprise or businesses whereas constructing and scaling it to generate a revenue. The credit score default swap market was global and at its peak was value 60 trillion. Iceland was the first one to chunk the mud and that began the whole domino impact of the financial meltdown. Learnings from new markets may assist to enhance your product in present markets too. The money payment possibility was first tested by Uber in Hyderabad, India, earlier than increasing to Nairobi, Kenya, and Colombo, Sri Lanka. Perhaps a method of trying on the need for applause is to see it as a reaction against feeling insignificant, of being a nothing. Some entrepreneurs I have recognized hear an inner voice … Read the rest