Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.
US small business sentiment nears 3.5 year high in November
Grocery e-commerce sales continue to soar
The U.S. online grocery segment reached $9.6 billion in monthly sales in November, a 17.8% increase compared to the year prior, according to data released Tuesday by Brick Meets Click and Mercatus.
Wells Fargo Investment Institute signals the U.S. is positioned to power the global economy in 2025
Wells Fargo Investment Institute (WFII) released its “2025 Outlook: Charting the Economy’s Next Chapter.” WFII’s global economic outlook is that the U.S. economy’s continued expansion will lead the world economy. As well, the U.S. stock market rally will broaden, with earnings being the primary driver of prices across equity asset classes.
Intuit and Amazon expand strategic partnership
Intuit Inc. and Amazon announced a multi-year strategic partnership to empower millions of Amazon sellers to manage their finances, stay compliant, access capital, and grow their business. By leveraging Intuit’s AI-driven expert platform, millions of Amazon sellers will be able to discover and access Intuit’s platform seamlessly, benefiting from powerful financial insights like profitability, cash flow, and estimated tax liabilities to fuel their growth.
Business leaders express greater optimism about economy after US election
Executive business leaders reported major shifts in positive sentiment about the economy and their companies’ prospects after the presidential election, according to a fourth-quarter survey by AICPA & CIMA. Compared to the third quarter, hiring plans increased, and 20% of leaders said they’re planning to hire in the near future.
Business Roundtable Q4 economic index shifts higher on CEO expectations and plans for 2025
Business Roundtable released its Q4 2024 CEO Economic Outlook Survey, a composite index of CEO plans for capital spending and employment and expectations for sales over the next six months.
America’s industrial transformation needs a Marshall Plan for small businesses and their workers
There’s broad agreement on at least one thing about this year’s election outcome: Americans want more good jobs and an affordable cost of living, especially for working families. A question now emerges: Can our nation’s leaders leverage a budding industrial renaissance that hinges, far more than we recognize, on the capabilities of America’s small businesses and their workers?
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