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Category Archives for "News"

Job Losses Across Industries Rise Amidst Economic Downturn

Tech and media layoffs have been making the headlines lately, but they only account for a small portion of the U.S. workforce at 5%. Other industries, such as auto, manufacturing, and financial services, have also been cutting jobs.[0] The Federal Reserve has also been slowing the economy down, leading to a deepening of the unemployment […]

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US, Japan, & Netherlands Impose Export Controls on Advanced Chip Technology, Targeting China’s Domestic Chip Industry

The US, Japan, and the Netherlands have reached an agreement to restrict the export of advanced chip technology to China.[0] The goal of the agreement is to prevent China from developing its own domestic chip industry, as the three countries dominate the production of semiconductor manufacturing equipment.[0] According to Bloomberg, the agreement was reached on […]

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CARES Act Employee Retention Credit and Governor Wes Moore’s FY2024 Budget: Grazzy Announces $4.25MM Seed Funding for Inclusive Financial Wellness

The Employee Retention Credit (ERC) was created by the Coronavirus Aid, Relief and Economic Security (CARES) Act to help employers who were affected by the pandemic, and is available to businesses who have experienced either a full or partial suspension of operations due to a governmental order or a significant decline in gross receipts compared […]

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Grazzy Revolutionizes Hospitality Industry with Innovative Payments Platform

Today, businesses in the hospitality and services industry are leveraging a new payments platform, Grazzy, to improve employee retention and recruiting, increase wages, and provide a more inclusive financial wellness for hourly employees.[0] The platform was recently funded with $4.25MM in Seed funding from Next Coast Ventures and Tuesday Capital, bringing its total Seed funding […]

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