Author: prosperplanetpulse.com

CNN — An outage at software provider CDK Global is costing car dealerships millions of dollars as it enters its second week, according to new estimates. Workers across the US auto industry told CNN that the software outages, which the company blames on a cyberattack, are making it difficult for dealers to track customer interactions, orders and sales, hurting their ability to make a living. “It’s going to affect our pay here,” said Bernard Irvin, a salesman at a Ford dealership in Greenville, S.C. “Why aren’t we getting our regular pay? I don’t really understand what’s going on.” Workers’ concerns…

“If an entrepreneur hires just one person, that person is actually putting food on the table for a family of five every day for a month. This is true service. This is a great act. This is courage, this is noble and this is a blessing to be able to do so. TGIBS is here to celebrate that contribution and inspire Indians to like, showcase, want, recommend, celebrate and buy all that is Indian,” said Sudarshan Ramakrishna Chettur, anchor and visionary, The Great Indian Brands Show (TGIBS). TGIBS is all set to make a comeback with the much-awaited season 2…

New apartment construction is surging in Denver and across the country. Lenders are absorbing the excess supply in the office market, but they may not be able to keep up with the apartment glut. It’s unclear whether there will be enough tenants to fill all the units. (Photo by Hyun Chang/Denver Post) Commercial real estate investment is at its lowest level since 2013, office buildings are selling at steep discounts, and commercial real estate construction, excluding apartments, has slowed significantly. As long as multifamily housing doesn’t go the same way as office space, lenders and the economy as a whole…

Jabari Marshall, co-founder of Leimert Mountaineering, said Outside Festival and Big … [+] Gear Show in Denver, Colorado, as part of REI’s Path Ahead Ventures program.Courtesy of Einstein Photography. REI’s Path Ahead Ventures is dedicated to supporting Black, Indigenous and People of Color (BIPOC) founders specializing in the outdoor apparel market. It’s estimated that only 1% of outdoor industry founders identify as people of color, yet more than 30% of outdoor industry participants identify as people of color. Path Ahead Ventures was founded in 2021 to bridge that gap. “Path Ahead Ventures provides founders with comprehensive support across capital, community,…

Entrepreneurs interacting at the eventGetty Would you want someone to tell you if your zipper was down or you had spinach stuck in your teeth? I definitely would. I’d rather know and deal with the problem than be embarrassed later. The problem is, not everyone is going to tell you. There are a lot of people out there who are willing to let you walk around looking like an idiot. Most of the time, you don’t want to associate with them, especially as an entrepreneur who has a business and a reputation to maintain. But how do you find honest…

Alon Kanter, former vice president of business development at Check Point, has been appointed partner at venture capital firm 10D, where he will lead investments in early-stage Israeli startups across a range of sectors, with a focus on cyber and defense.Kanter previously co-founded Toka, a startup providing cyber solutions to governments, intelligence agencies and other international organizations, and led global partnerships, mergers, acquisitions and market penetration strategy at Check Point. Kanter holds degrees in Computer Science and Law from Tel Aviv University.10D was founded in 2019 and manages over $350 million across three funds. The firm has invested in over…

Investment platform OurCrowd, Israel’s most active venture capital investment institution, has been entrusted by the Korean government to manage a bilateral investment fund that will invest in startups from both countries. The bilateral fund’s fundraising goal is $80 million, with $48 million already raised by NH Venture Investment and K-Growth, the fund’s Korean partners with access to Korea’s largest companies. The OurCrowd platform is currently raising capital from 240,000 qualified investors around the world.NH Venture Investment, which raised $16 million for the fund, is a wholly owned subsidiary of Nonghyup, one of South Korea’s top five financial companies with…

MACON, Ga. — When the crush of inflation became too much to bear a year and a half ago, Rashad James and Justin Williams began hauling their smoker into an abandoned parking lot off Macon’s Route 41, dishing out $10 to $20 platters of pork chops, ribs and chicken four days a week.That side hustle formed with family and friends — Smoke’s Grill — has provided a financial safety net for the two commercial truck drivers in an economy that has felt unrelenting. Both men cast ballots for Joe Biden in 2020, hoping he could usher in more opportunity, higher-paying…

Norway’s sovereign wealth fund is made up of revenues from the country’s gas and oil sales. Keystone Norway’s sovereign wealth fund has investments worth 35.5 billion Swiss francs ($39 billion) in Switzerland, according to Norges Bank CEO Nikolai Tangen. UBS is the largest investor, owning less than 5% of Norges Bank. This content is June 30, 2024 – 13:29 Norway’s central bank, Norges Bank, also held shares in Credit Suisse (CS), but the company was acquired by UBS. Want to read our top stories every week? Subscribe here. “We reduced our stake just before the UBS acquisition, but we have…

Israel’s tech industry managed to rise above the war and recorded its highest quarterly fundraising in two years. According to a preliminary Q2 2024 report by LeumiTech and IVC, funding in Q2 reached $2.9 billion across 110 funding rounds. Around 62% of the capital raised in the quarter came from six funding rounds, most of which were from cyber sector companies such as Wiz, Semperis, Island and Cyera. The most notable deal was by Wiz, which completed the largest funding round in Israeli tech history, raising $1 billion at a valuation of over $12 billion. The positive upward trend that…