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Japan Studio Was Closed As It Couldn’t ‘Drive Hardware Sales’
Even SIE's former president, Shuhei Yoshida, thinks its 'unbelievable' that the company chose to shut down Japan Studio
Centene Reports $1 Billion Profit As Health Insurer’s Costs Ease
Health insurer Centene’s net income eclipsed $1 billion in the second quarter as the company is getting a better handle on rising costs of people in its health plans.
Hawk Ridge Capital Management LP Sells 171,072 Shares of Six Flags Entertainment Corporation $FUN
Hawk Ridge Capital Management LP decreased its holdings in shares of Six Flags Entertainment Corporation (NYSE:FUN - Free Report) by 11.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owne
SummitTX Capital L.P. Takes $5.82 Million Position in Live Nation Entertainment, Inc. $LYV
SummitTX Capital L.P. bought a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 38,148 shares of the company's stock, valued at approximately $5,818,000. Sever
Sei Investments Co. Boosts Stock Position in Caesars Entertainment, Inc. $CZR
Sei Investments Co. increased its holdings in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 9.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,141,411 shares of the company's stock after purchasin
Hsbc Holdings PLC Sells 567,987 Shares of Caesars Entertainment, Inc. $CZR
Hsbc Holdings PLC decreased its holdings in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 90.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,555 shares of the company's stock after selling 567,987 sh
Stellantis sells car-sharing business as CEO Filosa focuses on core auto-making
Stellantis has agreed to sell its Free2move car-sharing unit to German investment company Mutares , the automaker said on Tuesday, as CEO Antonio Filosa continues efforts to sharpen the group's focus on its core vehicle production.
Incoming Apple CEO aims to build on movie and TV progress
Apple's incoming CEO, hardware chief John Ternus, said he was committed to building on the company's momentum in the entertainment business when he takes the helm of the iPhone maker in September.
Incoming Apple CEO aims to build on movie and TV progress
By Rollo Ross LOS ANGELES, July 27 (Reuters) - Apple's incoming CEO, hardware chief John Ternus, said he was committed to building on the company's momentum in the entertainment business when he takes the helm of the iPhone maker in September. The tec...
Sandara Park partners with Power Entertainment for Southeast Asia expansion
Singer Sandara Park has entered a strategic partnership with Singapore-based Power Entertainment to expand her activities across Southeast Asia, the company ann
Lenovo Jumps to #153 on ‘Fortune Global 500’ as AI-driven Business Fuels Growth
Lenovo climbed 43 places to #153 on Fortune’s annual Global 500 List, making it the highest ranking in the company’s history and one of the most significant advances in recent years.
'Jay and Silent Bob' Weed Farming Video Game in the Works
The newly launched indie company Nitrate Games is backing the project, described as an "adult cozy farm sim."
Intel Just Secured a Huge Customer for Its Foundry Business
The tech company recently landed Fortinet as a customer of its foundry service.
WEBTOON Entertainment Inc. to Report Second Quarter 2026 Financial Results on August 10, 2026
LOS ANGELES, July 27, 2026 (GLOBE NEWSWIRE) -- WEBTOON Entertainment Inc. (Nasdaq: WBTN) (“WEBTOON Entertainment,” or “the Company”), a leading global entertainment company and home to some of the world’s largest storytelling platforms, today announced that it plans to report second quarter 2026 financial results after market close on August 10, 2026. Following the release, the Company’s management team will host a conference call at 5:30 p.m. ET to review the results. A live webcast of the conf
Lineage faces daily fines after health officials cite ongoing violations at Boyle Heights warehouse
The company that operates a warehouse damaged in a massive fire in Boyle Heights last month has been cited for a public health violation, according to the Los Angeles County Department of Public Health.
Apple dethrones Nvidia as world's most valuable company after stock moves
Nvidia has been hit by volatility as investors rethink parts of the AI thesis, while Apple is the top stock in the Magnificent Seven this year.
ASML Stock Plunges On China News, Leads Chip Stocks Lower
ASML stock tumbled on a report of competition emerging in China. It was among the biggest losers on the Philadelphia semiconductor index.
Eddie Smith transfers Grady-White Boats to nonprofit ownership
Grady-White Boats owner Eddie Smith, 83, has transferred ownership of the company’s voting stock to a trust that will ensure the company remains independent and will operate in concert with his values, he told the New York Times.
FedEx is chasing the GLP-1 boom. Why healthcare logistics means big business
The push marks FedEx's latest move to bolster business-to-business healthcare shipping, one of the four B2B verticals the company has prioritized.
'Heated Rivalry' Success Sparks Gay Adult Company Publishing House
Gay adult entertainment company Falcon | NakedSword has launched a publishing house with three imprints.
‘Heated Rivalry’ Success Sparks New Publishing House From Gay Adult Entertainment Giant Falcon
Just nine months after “Heated Rivalry” premiered and became a worldwide phenomenon, gay adult entertainment company Falcon | NakedSword is getting into the book business. The San Francisco-based comp...
Strategy buys preferred stock in past week instead of bitcoin, hit to business model signaled
Strategy (MSTR) was trading higher as the bitcoin treasury company announced a repurchase of its preferred stock instead of buying bitcoin in the past week.
Cracker Barrel CEO Julie Masino to step down
Cracker Barrel CEO Julie Masino will step down and be replaced by David Deno. She will stay with the company in an advisory capacity until Oct. 9.
Kustom Entertainment Amends Divestiture Terms with Cycurion into Upgraded $6.1M Deal Featuring Immediate Cash Injection and 12% Yielding Preferred Equity
Captures $250,000 in immediate non-refundable capital, eliminates warrants in favor of preferred equity, and sharpens execution on its $100B live entertainment and ticketing expansion. OVERLAND PARK, KS, July 27, 2026 (GLOBE NEWSWIRE) -- Kustom Entertainment, Inc. (Nasdaq: KUST) (“Kustom” or the “Company”), an emerging force in live music festival production and proprietary ticketing operations, today announced a major upgrade to its divestiture strategy. On July 23, 2026, the Company executed t
Datavault AI Appoints Ronald M. Goldstein to Lead Professional Sports Licensing
Goldstein will direct professional sports and legacy athlete licensing programs on the Company’s NIL Vault (NILv) PHILADELPHIA--(BUSINESS…...
Healthcare Triangle Creates "Purpose Health" to Monetize AI Demand and Accelerate Shareholder Returns
Healthcare Triangle, Inc. (NASDAQ: HCTI), a healthcare and life sciences technology company enabling digital transformation through cloud, data, artificial intelligence, and security solutions, today announced that proven industry executive Sumit Ganguli has been appointed Chairman and Chief Executive Officer of Purpose Health, Inc., HCTI's wholly owned, AI-led healthcare technology services subsidiary.
BLOOMBERG: Sports Apparel Company Fanatics Inks BGC Deal for Prediction Markets Expansion
Fanatics struck a deal to buy a federally regulated derivatives exchange and clearinghouse from BGC Group Inc., as the sports-apparel company and broker-dealer seek to partner on prediction markets for retail and institutional investors.
49,065 Shares in PENN Entertainment, Inc. $PENN Acquired by Whitebox Advisors LLC
Whitebox Advisors LLC acquired a new stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 49,065 shares of the company's stock, valued at approximately $737,000. Other lar
Visualize Group LP Takes $14.93 Million Position in Live Nation Entertainment, Inc. $LYV
Visualize Group LP bought a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 97,922 shares of the company'
Renaissance Technologies LLC Reduces Holdings in Tencent Music Entertainment Group Sponsored ADR $TME
Renaissance Technologies LLC reduced its holdings in shares of Tencent Music Entertainment Group Sponsored ADR (NYSE:TME - Free Report) by 22.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,570,344 shares
Will you power down your PS5 for a week in protest of Sony's all-digital future? A new petition encourages you to pull the plug on PlayStation
Players will not accept the all-digital future posited by PlayStation as a new petition aims to show the company strength in consumer unity.
Renaissance Technologies LLC Purchases 335,900 Shares of Sphere Entertainment Co. $SPHR
Renaissance Technologies LLC raised its position in Sphere Entertainment Co. (NYSE:SPHR - Free Report) by 149.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 559,935 shares of the company's stock after purchasing an
Tencent Music Entertainment Group Sponsored ADR $TME Shares Sold by Swiss National Bank
Swiss National Bank trimmed its holdings in Tencent Music Entertainment Group Sponsored ADR (NYSE:TME - Free Report) by 11.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,108,430 shares of the company's stock after selling 145,200 shares during the peri
Toy company CEO shares how Trump's new round of tariffs could affect business
NPR's Leila Fadel speaks with Jay Foreman of toy importer Basic Fun! about President Trump's latest round of tariffs. The company has paid millions of dollars in import duties under Trump.
Delta Global Management LP Makes New $1.46 Million Investment in Flutter Entertainment PLC $FLUT
Delta Global Management LP purchased a new stake in shares of Flutter Entertainment PLC (NYSE:FLUT - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 14,326 shares of the company's stock, valued at approxima
Epoch Investment Partners Inc. Sells 32,996 Shares of Madison Square Garden Entertainment Corp. $MSGE
Epoch Investment Partners Inc. cut its position in Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) by 61.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,577 sh
How to pitch the business case for sustainability and actually get companies on board
What entrepreneurs should understand is that sustainability applied early can give a company a big competitive advantage.
Ardmore Road Asset Management LP Invests $15.25 Million in Live Nation Entertainment, Inc. $LYV
Ardmore Road Asset Management LP bought a new position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 100,000 shares of the company's stock, val
What To Expect From Caesars Entertainment’s (CZR) Q2 Earnings
Hotel and casino entertainment company Caesars Entertainment (NASDAQ:CZR) will be reporting results this Tuesday after market close. Here’s what you need to know.
This AI startup is interviewing like it's the 2010s
Mercor's head of product, Osvald Nitski, said that the AI training company has moved away from take-home assignments that can be completed with AI.
China's CXMT becomes most valuable mainand stock after IPO surge
Chinese memory-chip maker CXMT became the mainland's most valuable listed company, overtaking ICBC after its blockbuster IPO.
Media Buying Briefing: Why Omnicom merged Mediahub and Hearts & Science
Merging Hearts & Science and Mediahub into one agency that will operate under a new name and brand may not be the last move the holding company makes in simplifying its go-to-market offering.
What To Expect From Caesars Entertainment’s (CZR) Q2 Earnings
Hotel and casino entertainment company Caesars Entertainment (NASDAQ:CZR) will be reporting results this Tuesday after market close. Here’s what you need to ...
What To Expect From Caesars Entertainment’s (CZR) Q2 Earnings
What To Expect From Caesars Entertainment’s (CZR) Q2 Earnings
Pirlo position further weakened by fresh Russian gambling revelation
Andrea Pirlo’s hopes of becoming Italy coach took another battering after FC United owner Sergey Lomakin denied he was behind the contract with Russian gambling company Fonbet.The global brand ambas...
'Apple Upgrade' Program Launching on Tuesday
In his Power On newsletter today, Bloomberg's Mark Gurman reiterated that a new "Apple Upgrade" program is set to launch in the U.S. on Tuesday, July 28. Apple will stop accepting iPhone Upgrade Program sign-ups on the same day, but he said customers who are already enrolled will be able to remain in the program "for the time being". Apple is partnering with buy-now, pay-later company Klarna on the program, he said.
Apple’s Smart Glasses Will Need to Overcome Meta’s Privacy Reputation
Company debated whether glasses will be able to record video.
How a West Philly Rug Company Turned Yarn Into a Global Business
Inside the West Philadelphia studio where handmade rugs, tufting classes, and community giving built a growing global business.
Once valued at $2B, this Utah tech darling is selling off its business for a fraction of that
After racking up nearly a billion dollars in losses, a company once seen as a premier Utah tech success story is selling its core business.
Transport BPO Launches First-Week-Free Dispatch and Call Answering Service for Transportation Businesses
Transport BPO has launched a first week-free program giving taxi, towing, trucking, courier, and NEMT operators one-week of 24/7 live dispatch and call answering at no cost, with agents answering in each client's company name across four countries. ...
Dave Ramsey Says This Mistake Can Turn Your Dream Business Into a Job You Hate
Too many founders wake up one day feeling trapped by the company they created, says Dave Ramsey. Here's how to avoid that.
Breakfast chain from the South opens 1st Pa. location in this Poconos downtown
The company saw Eggs Up Grill as filling a need in the breakfast and lunch market with its daytime-only hours and focus on hospitality.
Can Wisconsin’s health apprenticeships become a national model? UW Health thinks so
by Natalie Yahr / Wisconsin Watch, Wisconsin Watch July 23, 2026 Click here to read highlights from the story UW Health leaders created a new company
At UW Health and other hospitals, apprentices are increasingly common
UW Health in Madison created a company called WorkForward to help others set up apprenticeships and fill job openings for nurses, surgical techs and more.
CNN Exclusive: How IndyCar’s most ambitious street race became a test of politics, security and spectacle in Trump’s DC
As Bud Denker dreamed last summer of holding an IndyCar race in downtown Washington, DC, he walked the city’s streets in the stifling heat and tried to design the course in his mind. Denker, the president of Penske Corp., a transportation company that also owns motorsports teams, had put on IndyCar races in other cities. But the nation’s capital presented a unique challenge.
$100,000 Donation Expands Grants for Veterans Starting Farming Businesses
Tractor Supply Company, which supplied the grant, has supported efforts the past eight years.
Universal Health Services (UHS) Q2 Earnings: What To Expect
Hospital management company Universal Health Services (NYSE:UHS) will be announcing earnings results this Monday after the bell. Here’s what investors should know.
Bruins' Jeremy Swayman has Company with On-The-Rise Goalie
Boston has a good bit of depth ready to go.
USA SPORTS’ WNBA VIEWERSHIP UP 33% IN INAUGURAL SEASON OF COVERAGE HEADING INTO ALL-STAR BREAK
A global media and technology company.
Nike resets struggling China business
The company is slashing online shopping options and working to improve its physical stores and beef up its local connections.
Top Stories: 'Apple Upgrade' Program, Apple Music Price Hike, and More
It's been another busy week in the Apple world, led by word that the company is preparing to launch a new device leasing and financing program as it has raised some more prices including on Apple Music subscriptions.
Tech firm Fever produces live shows worldwide, with local consequences
Unwrapping the complex puzzle of Fever, the company behind a nesting doll of live performances in Seattle and around the world.
Basic Business? Platinum Pro? Premium Plus? Airlines have a naming problem—here’s how to fix it
Naming experts explain why Delta’s new ‘Basic Business’ class doesn’t work, and what airlines can do to make flying at least sound fun again.
Motorola reveals tablet with 5G connectivity and 12.1-inch display
After revealing details about the Moto Pad 70 Groove, Motorola has unveiled the standard Moto Pad 70 for the Indian market. The company has confirmed its launch date and key specifications.
Kuwait Oil Company Signs US$ 16.0 Billion Infrastructure Partnership Involving Its Crude Oil Pipeline Network With a Consortium Comprising Blackstone, Brookfield and KKR
Kuwait Petroleum Corporation ("KPC"), the state-owned corporation overseeing Kuwait's oil and gas sector, today announced that its wholly owned subsidiary, K...
Exclusive | Elon Musk’s Boring Company Eyes $20 Billion Valuation in New Funding Round
The tunneling startup is in talks to raise around $4 billion from investors
Brooklyn Roasting Company recalls cold brew sold in New York and New Jersey over botulism risk
Brooklyn Roasting Company recalled 2.5 gallon bags of cold brew concentrate over Clostridium botulinum toxin risk in New York and New Jersey.
Its AI agent spent days hacking a company, but sources say OpenAI did not notice for a week
The OpenAI agent that broke into tech firm Hugging Face went on a dayslong hacking spree that OpenAI didn't notice until well after the threat was contained and the FBI was alerted, according to people familiar with the investigation.
Charlotte-based technologies supplier buys Canadian HVAC company
The Montreal-based company is now a part of SPX Technologies’ HVAC segment, according to a statement.
ULA deals with financial challenges caused by Vulcan grounding
United Launch Alliance’s corporate parents have guaranteed a loan to the company as it addresses “financial challenges” caused by the Vulcan grounding.
#paramount #streaming #entertainment
Paramount Skydance isn't waiting around for its planned merger with Warner Bros. Discovery to bolster its flagship streaming service. Paramount's streaming leaders have told employees that they're planning major upgrades to Paramount+ in the coming weeks. An internal presentation, which was unveiled during a streaming town hall this week and viewed by Business Insider, shows "Product Priority Highlights" for Paramount's streaming business this quarter. These initiatives are part of Paramount CEO David Ellison's plan to improve the tech of a 114-year-old media company that trails Netflix, Amazon Prime Video, and Disney in streaming subscribers. Buying WBD would help Paramount catch up quickly and give it over 200 million streaming customers, the company has said. Read more about Paramount’s streaming projects on Business Insider: https://lnkd.in/eKfn9wyH (Credit: Getty Images) #paramount #streaming #entertainment
Lara Croft can't catch a break: after delaying one Tomb Raider game, Amazon is delaying another and this one won't show up until 2028
Amazon head of gaming Jeffrey Gattis broke the news following the company's decision to delay its Tomb Raider 1 "reimagining" into next year.
Ohio’s Cardinal Health company acquires two medical supply companies for $360 million
DUBLIN, Ohio (WCMH) — A Dublin-based healthcare services and products company is extending its reach into patients’ homes, striking a major acquisition deal that will add hundreds of thousand…
Boox's New Tiny E-Reader Could Shake Up the Market
The Boox Picco will be the company's smallest e-reader yet.
Wake Up NOLA: Here's how one woman transformed her family business into a $100M company.
Wake Up NOLA: Here's how one woman transformed her family business into a $100M company. #wakeupnola
Booz Allen Profit, Revenue Falls Despite Accelerating Demand
Booz Allen Hamilton reported lower fiscal first-quarter profit and revenue, but the company maintained its outlook and said it is seeing accelerating demand across parts of the business.
Nestlé to sell half of waters business in $3.4B deal
Peranel, which will house brands such as S.Pellegrino and Source Perrier, will be a fully independent company and have full flexibility to “pursue growth opportunities.”
OpenAI claims its artificial intelligence gained access to the Internet on its own and breached a ‘partner’
The technology company claims the incident stemmed from a cybersecurity test gone wrong, where its application escaped a closed environment and broke into an external database to complete its task of being an elite hacker
‘Arenas Are Becoming True Lifestyle Destinations’: Q’s With Marie Balsaqc, CEO Paris Entertainment Company
Paris Entertainment Company operates three landmark buildings in the Franch capital – Le Bataclan, adidas arena, and Accor Arena – comprising a total of more
Alliance Entertainment Touts 21% Sales Jump, Collectibles Push at Investor Event
Alliance Entertainment (NASDAQ:AENT) executives outlined growth in physical media, collectibles and licensing opportunities during a RedChip Companies investor event, while emphasizing the company’s distribution scale and push into higher-margin products. Bruce Ogilvie, executive chairman of Allian
SAP Second-Quarter Revenue Up on Cloud Business Results, Operating Profit Guidance Lowered on Slowing Growth
The German business-software company logged a 9.4% rise in revenue, but saw a slowdown in operating profit growth.
Intel's PC business will be dictated by AI data center momentum: CFRA
Intel (INTC) stock is surging by over 11% in Thursday's extended hours after smashing second quarter expectations, reporting adjusted earnings of $0.42 per share (vs. estimates of $0.21) and revenue of $16.1 billion (vs. estimates of $14.43 billion). CFRA Research senior vice president and equity analyst Angelo Zino dives into Intel's earnings release and what he can garner about the trajectory of the company's PC business.
Why creative leadership drives business growth
Ndidi Oteh explains why creativity isn’t just a cultural value—it’s a critical force behind innovation, transformation, and long-term business success.
Creator economy platform Patreon cuts 20% of staff in new layoffs
Patreon, which helps creators like YouTubers and podcasters make money, is laying off staff. The creator economy company said it needs to trim costs.
DAS Companies sells West Donegal Twp. warehouse for $15.1M
Truck stop supply distributor DAS Companies Inc. has sold a warehouse in the West Donegal Township industrial park where it unloaded a larger building in February 2025 during a company
Sphere Entertainment Co. to Host Second Quarter 2026 Conference Call
NEW YORK, July 23, 2026--Sphere Entertainment Co. (NYSE: SPHR) will host a conference call to discuss results for its second quarter ended June 30, 2026 on Thursday, July 30, 2026 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening.
MATTEL AND LUCHA LIBRE AAA® ANNOUNCE WORLDWIDE LICENSING PARTNERSHIP
EL SEGUNDO, Calif., July 23, 2026 — Mattel, Inc. (Nasdaq: MAT), a leading global play and family entertainment company, and WWE, the global leader in sports entertainment, today announced a new multi-year global licensing agreement at their joint San Diego Comic-Con panel that expands Mattel's WWE portfolio to include Lucha Libre AAA Worldwide (AAA), one of Mexico's most iconic and influential lucha libre promotions.
Former Parkview Health employee says company 'shortchanged' workers of pay
The complaint says Parkview Health failed to pay some employees the required overtime rate because of a time-rounding policy that shortened their hours.
Garmin's Whoop Killer Will Offer Free Heart Rate Monitoring After Backlash
Anyone who owns a Garmin Cirqa will be able to view live heart rate data for free as part of an upcoming change to the company's subscription plan.
Ranking Members Markey, Velázquez Push to Roll Back Trump Administration’s Discriminatory SBA Lending Policy that Blocks Immigrant Entrepreneurs from Pursuing the American Dream
Bicameral resolution would rescind Trump administration policy banning green card holders from accessing SBA loans Resolution Text (PDF) | One-Pager (PDF) (Washington, July 23) – Ranking Member Edward J. Markey (D-Mass.) and House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY-7) today introduced a Congressional Review Act (CRA) resolution to rescind the Trump administration’s policy that bans green card holders from accessing essential Small Business Administration (SBA) loans to start and grow their businesses and invest in Main Streets nationwide. Trump’s SBA restrictions buck decades of precedent, attacking immigrant small business owners who are lawfully in the U.S. with no justification. The Trump administration’s green card holder ban is the most recent escalation of SBA’s draconian citizenship restrictions that are killing jobs and putting the American Dream further out of reach for entrepreneurs. In Fiscal Year 2025, the SBA made an estimated $5.7 billion in loans to green card holders, which supported more than 80,000 American jobs. Ranking Member Markey’s introduction of the CRA resolution follows his introduction of the Investing in the American Dream Act alongside Ranking Member Velázquez earlier this year. The Investing in the American Dream Act would roll back the SBA’s draconian lending restrictions and restore previous SBA lending policies for immigrant entrepreneurs lawfully in the U.S., including green card holders, refugees, and asylees. More than 100 organizations have called for the passage of the legislation and over 60 Massachusetts state legislators have raised concerns about the impact of the citizenship restrictions in their local communities. “Once again, Donald Trump is shutting hardworking immigrants out of the American Dream with his discriminatory and dangerous policies, fear tactics, and violent rhetoric. The anti-small business lending requirements implemented by Trump’s SBA won’t Make America Great Again—they are Making America Hate Again,” said Ranking Member Markey. “I am fighting every single day to roll back Trump’s brazen attempt to steal the American Dream from entrepreneurs in Massachusetts and across the country who enrich our communities, strengthen our Main Streets, and create jobs in the United States.” “Starting and owning your own business is one of the pillars of the American Dream. Under the Trump Administration, the SBA has sought to deny immigrant small business owners and entrepreneurs that dream by preventing them from accessing the capital they need to grow and scale their businesses. Not only is this policy cruel, but it is also self-defeating and holds our country back economically. As Ranking Member of the House Small Business Committee, I will do everything in my power to reverse this terrible policy,” said Ranking Member Velázquez. Massachusetts state legislators applauded Ranking Member Markey’s actions and emphasized the critical contributions of green card holders to Bay State communities and the Commonwealth’s economy. "Green card holders are our neighbors, workers, entrepreneurs, and taxpayers,” said Massachusetts State Senator Adam Gómez (D-Springfield), Senate Chair of the Joint Committee on Community Development and Small Businesses. “They open restaurants, launch small businesses, create jobs, and contribute every day to the economic strength of Massachusetts. Denying lawful permanent residents access to SBA loan programs doesn't make our economy stronger—it makes it harder for small businesses to succeed. I support this resolution because opportunity should never be limited by unnecessary barriers that prevent hardworking people from investing in their communities and pursuing the American dream." “Senator Markey’s CRA Resolution provides a valuable moment for our federal leaders to show their commitment to small businesses and the American Dream,” said Massachusetts State Representative Andy X. Vargas (D-Haverhill), House Chair of the Joint Committee on Community Development and Small Businesses. “The SBA’s recent policy restricting lawful residents from accessing the popular 7(a) and 504 programs has shut out some of the most entrepreneurial and hard-working members of our community from much-need capital. In Massachusetts, these programs have invested millions of dollars into small businesses owned by green card holders, supporting thousands of jobs. This should not be a partisan issue. People who worked hard, have legal status, and contribute so much to their communities via employment and economic impact don’t deserve to be in the crosshairs for political purposes. The Senator’s resolution is a step forward in restoring access to the American Dream that small business owners across the country deserve.” Several small business advocates and stakeholders voiced their support for Ranking Member Markey’s efforts to roll back Trump SBA’s discriminatory lending rules. “Immigrant-owned businesses are the foundation of the American economy. They power our neighborhoods, provide essential services, and employ our loved ones. Yet, systemic hurdles like the Small Business Administration’s citizenship restrictions unfairly block their path to prosperity," said Elizabeth Sweet, Executive Director of the Massachusetts Immigrant and Refugee Advocacy (MIRA) Coalition. "We applaud Senator Markey’s continued leadership and look forward to a future where immigrant entrepreneurs can share their ingenuity without arbitrary restrictions that hold us all back.” “Independent restaurants have always been built by people willing to work hard, take risks, and invest in their communities. When lawfully authorized entrepreneurs lose access to the financing they need to start or grow a business, we all lose. These are the businesses creating jobs, filling storefronts, and strengthening our neighborhoods. Access to capital should help good businesses succeed, and that’s exactly what restoring these SBA loan programs would do,” said Jen Ziskin, Executive Director of Massachusetts Restaurants United. “At the Latino Economic Development Corporation, we see firsthand that access to capital transforms lives, creates jobs, and strengthens neighborhoods. Many of the entrepreneurs we serve are lawful permanent residents who have invested their savings, opened businesses, and employ local residents. Restricting access to SBA financing doesn’t just impact business owners, it limits economic opportunity for entire communities. Main Street succeeds when every qualified entrepreneur has a fair chance to grow,” said Andrew Melendez, CEO and Founder of the Latino Economic Development Corporation. "Immigrants and immigrant-owned businesses are the heart and soul of small business communities in cities and towns throughout the Commonwealth, and across America. Limiting access to these SBA loans not only sends the wrong message about immigration, it will have significant negative economic impact on our small business ecosystem,” said Keith Mahoney, Vice President of Public Affairs at the Boston Foundation. “The SBA’s recent policy changes that prevent Legal Permanent Residents, and other non-citizens from participating in any of the SBA’s valuable programs are changes that are unwelcome, immoral, and antithetical to our purpose, our mission, and our vision for Massachusetts communities and businesses. Immigrant entrepreneurs and others have expressed concern that Common Capital will ‘report them to ICE,’ so loan demand has decreased. There is no valid reason for excluding Legal Permanent Residents and other noncitizens who are lawfully present in the U.S. from accessing the SBA’s programs. Immigrant entrepreneurs start businesses, they create jobs, they support their families and their communities. Our government should be in the business of encouraging their full participation in our economy,” said Raymond Lanza-Weil, President of Common Capital. "ECCHO-Latino now represents over 400 educators and 300 microbusinesses across Massachusetts, where immigrants make up 60% of the childcare workforce. When a green card holder is ready to grow her business—from expanding her home child care to opening a center—she shouldn't be turned away by local banks simply because of federal citizenship rules. Blocking access to SBA loans kills opportunity and deepens our state's childcare crisis. ECCHO-Latino strongly supports Senator Markey and Representative Velázquez in passing this resolution to put Main Street first," said Harold Antonio Blanco, Co-Founder & Executive Director of ECCHO-Latino Inc. "This is exactly how political ideology ruins an economy. Washington has taken lawful, tax-paying entrepreneurs who live in our communities, invest in America, and hire American workers, and declared their businesses ineligible for critical financing simply because a green card holder owns even a fraction of the company. Using policies ostensibly aimed at illegal immigration to punish lawful permanent residents is nothing short of ideological overreach and economic self-sabotage. The SBA exists to help viable small businesses grow, rather than imposing nativist tests that ignore an entrepreneur’s credit history, business plan, or ability to create jobs. When the federal government closes the door on qualified entrepreneurs, they’re also closing the door on American entrepreneurship and on American workers, while handing future companies, jobs, innovation, and investment to our competitors. America should be competing to attract people who want to invest and build here, not creating arbitrary barriers that drive their talent and capital elsewhere,” said Javier Palomarez, President and CEO of the United States Hispanic Business Council (USHBC). "The U.S. Small Business Administration's decision to prohibit legal permanent residents, including green card holders, from accessing SBA-backed loans has the potential for disastrous consequences that could reverberate throughout America's economy for years to come. After all, immigrants are twice as likely to start small businesses as U.S.-born individuals. Congress must overturn rules requiring the SBA to block legal permanent residents from accessing lending resources because so many of the entrepreneurs who drive job creation in this country were born outside the United States," said John Arensemeyer, Founder and CEO of Small Business Majority. “NCRC supports the Congressional Review Act resolution to overturn SBA’s citizenship restrictions that bar green-card holders from receiving the 7(a) and 504 loans. When qualified entrepreneurs are denied access to SBA loans, all of Main Street gets hurt. Communities lose jobs. Neighborhoods lose services. Local economies lose the opportunity to build wealth and shrink disparities,” said Jesse Van Tol, President & CEO of the National Community Reinvestment Coalition (NCRC). “We cannot afford to have the American Dream out of reach for hard-working, immigrant small business owners.” “Asian Americans and Asian immigrants have been integral in building local economies. They create businesses, jobs, and opportunities in communities across the country that benefit everyone. Lawful permanent residents pay taxes, invest in their communities, and strengthen Main Street, yet the SBA's discriminatory citizenship restrictions unfairly deny them access to the same tools that help small businesses grow and succeed. We applaud congressional leaders for advancing this resolution to overturn the latest restrictions on SBA lending for green card holders, and we urge lawmakers to also pass the Investing in the American Dream Act to fully restore access to SBA loan programs for all eligible people in the United States. Ensuring that immigrant-owned small businesses have a fair opportunity to access capital is essential to building a stronger, more inclusive economy that works for all,” said Joanna Derman, Director of Anti-Profiling, Civil Rights and National Security at Asian Americans Advancing Justice (AAJC). "Immigrant-owned businesses often turn to SBA 7(a) and 504 loans because they face higher denial rates from traditional lenders,” said Imani Augustus, Director of the Center for Entrepreneurial Opportunity. "These programs provide the capital they need to expand operations, hire workers, and invest in their businesses. Reversing the ban on lawful permanent residents is a critical first step toward ensuring these financing tools are accessible to everyone strengthening their communities through entrepreneurship. We applaud this action and urge Congress to fully restore access by passing the Investing in the American Dream Act.” "Last year, nearly 5,700 SBA loans worth $5.7 billion went to businesses owned by green card holders, supporting more than 80,000 jobs. These are entrepreneurs who have put down roots here, hired their neighbors, and invested in the communities they call home. Barring them from capital doesn't protect Main Street—it starves it. What should matter is the strength of a business and its potential to grow, not the immigration status of its owner. This resolution doesn’t eliminate all the citizenship restrictions in SBA’s policy change, but it’s a step toward restoring a commonsense principle that stood for more than 30 years," said Howard Wial, Director of Research at ICIC. "I'm encouraged to see Congress moving to reopen access to capital for green card holders, a key tool for small business survival. Green card holders accounted for an estimated 5,700 SBA loans in Fiscal Year 2025, worth $5.7 billion and supporting more than 80,000 jobs across the country. That capital is often what keeps a business operating through its toughest stretches when cash flow gets tight. When qualified entrepreneurs lose access to that capital over their immigration status rather than their ability to repay a loan, it's the local economy that pays the price,” said Small Business for America's Future Co-Chair Shaundell Newsome, Founder of Sumnu Marketing. “Small businesses are the backbone of the American economy, and entrepreneurs —including green card holders — take risks every day to build businesses, create jobs, and strengthen communities. SBA loan programs should be administered with clear, consistent standards that safeguard public resources while ensuring these programs remain focused on supporting eligible entrepreneurs and job creators. This resolution responds to the opportunity to support all entrepreneurs and preserve the integrity of federally supported lending programs. We applaud the introduction of this resolution and remain committed to policies that strengthen small businesses, promote economic growth, and maintain confidence in these vital lending programs,” said Carolina Martinez, CEO of CAMEO Network. “National CAPACD wholeheartedly supports the introduction of this resolution aimed at overturning the SBA's misguided policy prohibiting immigrants from accessing the 7(a) and 504 loan programs. As a coalition, we are committed to creating systems, organizations, and societies that are fair and just. We believe we and our economy are stronger when we uplift our rich and diverse communities. Access to capital helps small businesses create jobs, build wealth, and strengthen neighborhoods. Restoring this pathway is an important first step toward ensuring immigrant entrepreneurs can continue to grow their businesses and contribute positively to our economy as a whole. We urge Congress to build on this momentum by passing the Investing in the American Dream Act, which would fully restore fair access to safe and affordable credit and uphold our commitment to a fair economy that works for everyone,” said Seema Agnani, CEO of National CAPACD. Ranking Member Markey is fighting for small business owners and immigrants that rely on SBA loans to start and run their businesses, create jobs, and contribute to their communities. In May, Ranking Member Markey highlighted the significant contributions of immigrant entrepreneurs in Massachusetts and across the country and condemned the Trump administration’s repeated attacks on immigrant communities at a Small Business Committee hearing. MIRA’s Elizabeth Sweet, who participated in Ranking Member Markey’s listening session earlier in May, provided testimony at the hearing. Also in May, Ranking Member Markey hosted a listening session at the Urban College of Boston to hear directly from several Massachusetts immigrant small business owners, lenders, and chambers of commerce how President Trump’s cruel and callous anti-immigrant policies are hurting Main Streets in the Bay State. Earlier in May, Ranking Member Markey hosted a press conference alongside Ranking Member Velázquez, Democratic lawmakers, and stakeholders to condemn the Trump administration’s harmful anti-immigrant lending policies and to introduce the Investing in the American Dream Act. In March, Ranking Member Markey released a comprehensive report detailing the harms to small business owners, workers, and consumers caused by the Trump administration’s ICE raids in communities across the country. In February, Ranking Member Markey introduced the Small Business ICE Disruption Fund Act, which would provide grants to small businesses that have been impacted by the Trump administration’s violent immigration enforcement actions on Main Streets across the United States. Earlier in February, Ranking Member Markey, Ranking Member Velázquez, Congressional Black Caucus Chair Yvette Clarke (D-N.Y.), Congressional Hispanic Caucus Chair Adriano Espaillat (D-N.Y.), and Congressional Asian Pacific American Caucus Chair Grace Meng (D-N.Y.) sent a letter urging the SBA to rescind their lending rule change that bars legal permanent residents from receiving SBA loans. Previously, Ranking Members Markey and Velázquez released a statement condemning the actions of the SBA after it announced that small businesses with legal permanent residents will be barred from receiving SBA loans. In December 2025, Ranking Member Markey and all Democratic members of the Senate Small Business Committee sent a letter to the SBA reiterating concerns with the SBA’s citizenship requirements and highlighting a drop in SBA lending volume. In September 2025, Ranking Member Markey heard directly from SBA lenders about the issues with the citizenship verification requirements. In July 2025, Ranking Members Markey and Velázquez sent a letter to the SBA expressing serious concerns with the agency’s new, draconian citizenship verification requirements that require small businesses seeking SBA loans to be 100% owned by U.S. citizens, nationals, and legal permanent residents. SBA has not responded to the letter. ###
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