Business Update – March 8, 2023
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.
China is booming as Zero Covid approach ends
The Chinese economy is heating up, with manufacturing growing at its highest rate in a decade. The improvement is due to the widespread loosening of restrictions which brought millions of people back to work and bodes well for the world economy.
Salesforce appears to be on the rebound
Salesforce shares have gained over 25% this year, the most substantial year-to-date gain for a Dow Jones Industrial Average component. It’s a promising report from an industry that saw serious losses last year.
Tesla reports disappointing numbers
The company’s much-awaited Investor Day had nothing but lackluster numbers to report, with a drop of 8.3% last week – the biggest since January 3. Experts say that they lacked the metrics necessary to track progress accurately.
Startup focused on getting much-deserved bonuses to employees raises millions
Employee recognition is a crucial retention tool in a competitive job market. As a result, startups that facilitate merit-based rewards have gotten a lot of investor attention – to the tune of $18.9 million in the case of Bonusly.
6 ways to learn from a failed entrepreneurial venture
Failure in business can be scary, embarrassing, and emotionally draining, but it gives you a reason to get back up and try again. Here are six ways to learn and pivot from an entrepreneurial journey gone awry.
New federal law changes the rules for withdrawing retirement money
Some analysts believe that most people who turn 72 and are required to start withdrawing money from their retirement accounts have already been doing so for years. They say that the new Secure 2.0 Act, approved by Congress in January, will primarily benefit people who already have plenty of money.
Don’t use ChatGPT for financial advice
AI is everywhere these days and proving to be quite helpful. However, it’s also often wrong. After prompting ChatGPT to produce a plan to purchase a $500,000 house, one expert warns that the chatbot should not replace a professional financial planner.
How business coaches can help you succeed
As an entrepreneur, you will face countless financial challenges and be surrounded by people who want to see you succeed but may not always lead you down the right path. Learn how employing a business coach can help steer you to financial success.
Toblerone is no longer Swiss enough to have the Matterhorn on its packaging
Mondelez, the US parent company of Toblerone, is moving some of its production to Slovakia. Because Switzerland has laws regulating the use of national symbols, the change could see the Matterhorn disappear from the packaging because it will no longer meet the country’s standard of ‘Swissness.’
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