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BIZNEWS
Enabling you to keep up to date on events and findings that affect your business
ECONOMY
US consumer confidence partially rebounds in May
5/29/25
The Conference Board Consumer Confidence Index® increased by 12.3 points in May to 98.0 (1985=100), up from 85.7 in April. The Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—surged 17.4 points to 72.8, but remained below the threshold of 80, which typically signals a recession ahead.
"Consumer confidence improved in May after five consecutive months of decline," says Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board. "The rebound was already visible before the May 12 US-China trade deal but gained momentum afterwards."
ECONOMY
Contractors believe payment delays and stalled contracts could point to recession
5/21/25
SLOWER CONSTRUCTION could be a major indicator of a pending recession. A study of 250 American general contractors and subcontractors found 73% can tell what the larger economic climate will be based on the speed of projects—and they are slowing. A further 59% are concerned the current tariff crises will have a direct impact on their projects and business as a whole.
SLOWER CONSTRUCTION could be a major indicator of a pending recession. A study of 250 American general contractors and subcontractors found 73% can tell what the larger economic climate will be based on the speed of projects—and they are slowing. A further 59% are concerned the current tariff crises will have a direct impact on their projects and business as a whole.
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ECONOMY
CEO optimism declines sharply as economic uncertainty reigns
5/16/25
CEOs are increasingly pessimistic about the global economy and their company performance. The "Spring 2025 Fortune/Deloitte CEO Survey" shows a substantial decline in optimism as business as leaders navigate the macroeconomic environment.
Key takeaways
- CEO optimism about company performance fell to 60% from 84% in fall 2024.
- Over half (58%) of CEOs are feeling pessimistic about the global economy, up 40 percentage points from 18% in fall 2024.
- Seventy-one percent plan to expand and diversify supply chain strategies to mitigate risk.
- Forty-two percent plan to implement cost cutting measures, while only 28% plan to raise prices, reflecting a focus on internal efficiencies.
SMALL BUSINESS
SCORE urges Congress to protect critical federal funding for small business mentoring
5/14/25
SCORE, the nation's largest network of volunteer, expert business mentors, today issued an urgent call for support following the proposed elimination of SCORE's federal funding in the President's FY26 Discretionary Budget Request— a move that the organization says jeopardizes the future of the 300,000 small business owners and entrepreneurs that SCORE serves each year across all 50 states and U.S. territories.
MARKETING
The BIG SWITCH
Top American retailers and brands benefit as U.S. shoppers pull back from Chinese discount platform, survey finds
5/14/25
AMERICAN SHOPPERS SWITCHED dramatically from Chinese ultra-discount retailers Temu and SHEIN to legacy American brands in April, according to a survey by Consumer Edge, a leading provider of global consumer data-driven insights.
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ECONOMY
Chance of recession in 2025 is still low, but it is rising—new economic forecast
5/12/25
The first 100 days of the second Trump administration has undoubtedly delivered a shock to the U.S. economy, but all the policy gyrations are not sufficient to cause a recession by themselves, according to Beacon Economics' latest outlook. Still, the new forecast now includes an increased probability of recession in the next 12 months.
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MANAGEMENT
Economic turbulence is forcing a 'fundamental reset' in financial management
5/7/25
AS BUSINESSES GRAPPLE with escalating trade volatility and inflationary pressures, financial leaders are reshaping their strategies to stay resilient, according to a just-released study.
SMALL BUSINESS
Small business owners urge lawmakers: Protect digital advertising, pass a national privacy law
5/4/25
IN CELEBRATION OF National Small Business Week (May 4–10), a diverse group of small business owners and digital creators from across the country will travel to Washington, D.C. as part of Internet for Growth, a nationwide coalition of entrepreneurs who rely on digital advertising to grow, compete, and connect with customers.
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MANAGEMENT
U.S. is losing the race for AI dominance
5/1/25
THE DATA IS CLEAR: US dominance in AI is fast eroding as the best minds in the field decide to take their skills elsewhere. In the short term, other countries will attract the talent they have long regretted losing—the longer-term consequences for the US may be severe. This trend is outlined by Zeki Data, a UK-based data intelligence company, in a new report.
ECONOMY
Car sales spike for second month as consumers anticipate tariffs
5/6/25
New-vehicle movement jumped 19% year-over-year to 1.27 million units in April, as tariff-related fears drove pull-ahead vehicle demand, according to ZeroSum's May 2025 "State of the Dealer" report.
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