Small Business in the News: January 21-27, 2017

We know there is too much to keep up with when you’re a busy entrepreneur, so we compile small business news highlights each week for you to read only what matters most. Here is a summary of the top stories for January 21-27, 2017.

U.S. Business Spending Up

The Commerce Department announced U.S. business spending climbed 0.8 percent in December. American businesses ramped up their investment in industrial machinery, semiconductors and other big-ticket items last month, boosting demand for factory goods. Read more…

Walmart Tests the Car Business

Walmart has partnered with CarSaver, a one-stop website that lets customers shop, finance, and insure a new vehicle. CarSaver will have kiosks and information centers located in Walmart where customers can shop and make appointments. If the program is successful, it will expand to more than 450 stores. Read more…

Marijuana Industry Concerned About Future Business

Many business owners in the medical marijuana industry are concerned about President Trump appointing U.S, Sen. Jeff Sessions (R-AL) as attorney general, who opposes the cannabis industry. Sessions has made comments about enforcing federal laws, but Nate Bradley, Executive Director of the California Cannabis Industry Association, has hopes that the Trump Administration will allow states to enforce their own cannabis laws. Read more…

Lending Club Schedules Q4 Earnings Release

Lending Club, an online lending platform, announced plans to release their 2016 quarter four earnings on February 14. The earnings report will be viewed as a benchmark on the state of the marketplace lending industry. A conference call is scheduled for 5:00 p.m. ET on the same day. Read more…

Microsoft’s Profit Rises Over Four Percent

Microsoft released their financial statements for the last quarter of 2016, revealing a 4% growth in overall earnings. Microsoft has moved its software businesses to the cloud in order to compete with Amazon. Shares of Microsoft are trading at near record highs. Read more…

 

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