Small Business

1. Federal Reserve's increasing interest rate hikes put Main Street economy 'dangerously close' to edge of lending cliff

   Many small business owners are facing lending costs they've never before experienced, just as the economy and consumer demand weakens.

2. Small businesses are still desperate for workers even as other companies slow hiring

   While small business job growth is slowing, it's more because there are not enough workers to hire than business owners pulling back on hiring plans.

3. The rent crisis on Main Street just took a turn for the worse

   The percentage of small business owners who said they could not make rent in August hit a record level for 2022, and hasn't been this high since peak Covid.

4. Secret Service returns $286 million in fraudulent pandemic loans to the Small Business Administration

   The Economic Injury Disaster loans returned to the Small Business Administration were obtained using fabricated information and stolen identities.

5. After a year-long dip, American consumer spending power will be back in 2023

   Household cash flow has been declining, but consumer income will begin to grow after the holidays, making a recession less likely, according to Goldman Sachs.

6. Why Mark Zuckerberg is talking so much about Meta's Whatsapp for business

   Long-term, Mark Zuckerberg is all-in on the metaverse. But Meta is also making a big bet that Whatsapp for Business will be a huge growth driver first.

7. The lesson for Main Street from the Walmart, Target inventory failures

   Big box retailers bet wrong on inventory and big markdowns followed as inflation and Covid changed consumer spending patterns. Main Street can do better.

8. Self-made millionaire Bethenny Frankel on why good ideas are not enough to be successful in business

   Bethenny Frankel, founder of SkinnyGirl, says she has always been full of good ideas, but that is never enough to be successful in business.

9. Why Grammy award-winning rapper Macklemore is making clothes for the golf course

   Grammy award-winning rapper Macklemore is taking his newly-found passion for golf and building his own golf apparel company, Bogey Boys.

10. The Fed disagrees, but Main Street says 'the recession is already here.'

    Confidence hits all-time low in CNBC/SurveyMonkey Small Business Survey, as weak sales outlook and inflation worry a Main Street that says recession is here.