NEWS ROUNDUP
1
Retail sales surged last month 1.3%, exceeding forecasters’ expectations.
https://tradingeconomics.com/united-states/retail-sales
A new report out by the Federal Reserve Bank of New York shows an increase in total household debt in 3Q22 of 2.2% to an all-time high of $16.5 trillion.
https://www.newyorkfed.org/newsevents/news/research/2022/20221115
2
The National Small Business Association is filing a lawsuit challenging the constitutionality of the Corporate Transparency Act of 2019 – also known as “Beneficial Ownership” rules.
https://www.nsba.biz/_files/ugd/601769_6e4c8814fad44357ba4fb466cd6202bd.pdf
3
A new survey finds that 24% of small businesses reported their upcoming Christmas sales will determine if their business can survive into next year.
https://investors.amexglobalbusinesstravel.com/investors/news/news-details/2022/New-American-Express-Survey-Shows-60-of-U.S.-Small-Businesses-are-Investing-in-Cash-Flow-Tools-Ahead-of-the-Holidays-/default.aspx
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