BusinessCreditBuddy.com Weekly Business News Roundup Vol. 4

Amazon Ditches Cashiers

Amazon Ditches Cashiers|BusinessCreiditBuddy.com

This week in Seattle, Amazon opened its cashier-less convenience store to the general public. At Amazon Go, customers scan their smartphone on the way in and are then tracked with cameras and other sensors as they browse. Later, when they take an item off the shelf, it’s added to a virtual cart, and groceries are charged to the customer’s Amazon account when they leave.

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Business And Wildlife Groups Work Together To Save An Endangered Species

 Save An Endangered Species|BusinessCreditBuddy.com

 

To businesses, they’re a potential problem. The U.S. Fish and Wildlife Service is considering protecting gopher tortoises under the Endangered Species Act, and that could mean red tape and additional costs.

Instead of fighting the potential listing, Georgia businesses are taking an unusual approach. They’re working with wildlife agencies, private foundations, environmental groups – and even the Department of Defense – on a project to save the gopher tortoise. They hope to protect enough animals that federal regulation won’t be necessary.

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Kroger Considering Teaming Up With Alibaba?

Senior executives from Kroger and Alibaba reportedly met in December to discuss a deal that would incorporate both e-commerce and brick-and-mortar sales, according to the New York Post. Like many retailers, Kroger has suffered from the Amazon onslaught but was hit particularly hard after Amazon acquired upscale grocery chain Whole Foods Market. Kroger, along with Costco and Sprouts, watched shares dive in the days after Amazon announced the transaction and has struggled to recover ever since.

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How Tax Reform Will Affect Small And Mid Sized Businesses

The Republican tax reform plan, signed into law by President Donald Trump in December, aims to encourage economic growth by adjusting how small and midsize businesses and corporations are taxed.
Many American companies will see significant tax cuts, as well as other benefits that can help drive growth.

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How To Increase Your Credit Limit After Being Denied Credit Q&A

 

Imagine you’re a lender and one of your customers suddenly demands that you quadruple the amount you’ve agreed to lend her, with the resulting credit line equal to 40% of her income. That might give you pause.
Or perhaps not. Credit card issuers have different policies about when to grant or deny credit, and those policies can change over time as they try to manage the risks of their lending portfolios. Also, issuers may be less generous to their longtime customers than they are to the new customers they’re trying to attract.

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