BUSINESS

The site of a proposed liquor store in Brentwood will now become a small business support center. Mayor Donna Deegan made the announcement during a luncheon on Thursday. Recommended Videos The mayor said the support center will open in early fall if all goes as planned and will focus on workforce development and entrepreneurship.
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2 years ago Read more at WJXT News4JAX

Pasquale Sanseverino, 49, and Michal Rivera, 42, both of New Britain, were charged with various burglary-related offenses. Newington police said the arrests stemmed from a burglary at New England Audio and Tinting on the Berlin Turnpike during the early morning hours of Jan. 14, 2024.
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2 years ago Read more at Eyewitness News 3

Multiple restaurants are among the local businesses with the largest outstanding sales tax debts in Onondaga County. The 30 businesses and individuals on the list have outstanding tax warrants filed against them totaling more than $3.6 million.
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2 years ago Read more at syracuse.com

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2 years ago Read more at Bankrate.com

The U.S. House of Representatives passed a bill earlier this month that would lead to a nationwide ban of TikTok. Lawmakers are worried ByteDance would share user data with the Chinese government or push propaganda and misinformation. More than 70% of her customers come from Tik Tok and she is concerned her business might not survive if Tiktok is banned.
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2 years ago Read more at News 5 Cleveland WEWS

Investigators say the incident happened at St. Bernard Shurfine Foods, located at 4950 Vine St., at 2:26 a.m. Friday. According to police, the man threw a rock into the automatic doors and was able to gain entry. No one was inside the store when the crime happened.
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2 years ago Read more at FOX19

Global Atomic (TSE:GLO) shareholders should be worried about its cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. This kind of short runway puts us on edge, as it indicates the company must reduce its cash burning significantly, or else raise cash imminently. In our view, global Atomic doesn't yet produce significant amounts of operating revenue.
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2 years ago Read more at Yahoo Finance

Robinhood Markets Co-Founder and CEO Vlad Tenev (HOOD) echoes the sentiment, saying: 'We're kind of past the point where you join a company, you work there for 20 or 30 years or more, and... you can count on the pension plan' BRIAN SOZZI: Well, I think people really need to take the initiative to take care of their retirement on their own. We should be able to help our customers with that. And that space, the overall
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2 years ago Read more at Yahoo Finance

The cryptocurrency has been climbing and hit a fresh all-time high of $71,000 this week. Investors are plowing money into spot bitcoin ETFs after the Securities and Exchange Commission approved these products for the first time in January. Interest in bitcoin is rivaling one of the safest assets on the planet: gold.
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2 years ago Read more at Fox Business

In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. As at December 2023, RTG Mining had cash of US$4.4m and no debt. This is not too bad, but it's fair to say the end of the cash runway is in sight, unless cash burn reduces drastically. The image below shows how its cash burn has been changing over the last few years.
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2 years ago Read more at Yahoo Finance