Why women-owned businesses anticipate a tougher recovery ahead than their male-owned counterparts

Women business owners report a more difficult path ahead than their male peers as the economy attempts to recover from the coronavirus crisis over the next year, according to a new report by the U.S. Chamber of Commerce.

The Chamber surveyed 500 business owners in July, most of whom operate small businesses with fewer than four employees. In the first quarter of this year—before the onset of the coronavirus pandemic in the U.S.—male and female business owners both said they expected revenue to rise in 2021. But the past several months of the pandemic have created a gap in expectations. Last month, the share of male business owners who said they were optimistic about future revenue growth remained steady at 57%, while the percentage of female business owners who expect to bring in more revenue next year dropped by 14 points to 49%.

Revenue isn’t the only statistic where … Read the rest

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US consumer confidence fades further in August

With the White House still unable to resolve its impasse with Democratic leaders in Congress over a new spending package after expanded unemployment benefits and other aid measures expired at the end of July, survey respondents were more pessimistic about their job prospects as well.

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GM uses salaried workers to keep Missouri plant open as workers call out sick due to coronavirus

General Motors is using salaried employees to fill positions of absent hourly union workers to keep a truck plant operating as it attempts to refill dealer inventories due to the coronavirus pandemic.

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12 value stocks to buy right now—and 3 to avoid—according to Bank of America

If you take a look at some of the top performers in the stock market right now, it appears one thing is winning: growth.

To be sure, while value has historically outperformed growth, the run of high-flying and expensive tech stocks have been been what’s pushed the market higher in recent months and years.

And while many are predicting that pricey tech stocks will continue their trek higher, Bank of America analysts are warming up to certain value stocks, equity and quantitative strategy analysts wrote in a research note Tuesday. In 14 of the last 14 recessions, “value stocks led in the recovery,” BofA analysts wrote in a July note.

“The conditions have never been more right for value to far outperform growth as the economy recovers over the next few years,” Vitali Kalesnik, a Ph.D. economist from the University of California, Los Angeles, and director of research for Europe … Read the rest

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