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The QR in QR code stands for quick response, and the first QR code was invented back in 1994. QR codes are readable barcodes that can store different kinds of information. Email addresses, phone numbers, and website URLs are just a few examples. QR codes are commonly utilized for tracking products in the supply chain, and most smartphones come equipped with built-in QR code readers. By scanning a QR code, you can perform various actions, such as verifying login information, managing online accounts, and facilitating payments. So it’s important for small businesses to ask, “Do QR codes expire?” READ MORE: How to Create a QR Code in 5 Simple Steps What is a QR Code? Got something to sell? Then you need to know that almost half (45%) of shoppers utilized marketing campaign-related QR codes in recent times. These square black and white symbols can be scanned with a laser or smartphone to access information about services and products. They serve a significant commercial purpose by providing links, content, coupons, and other relevant information. Essentially, they are a matrix-based form of barcode. Business needs to understand how these kinds of codes work. How Does a QR Code Work? Today’s smartphones have QR code scanners. Point your camera phone at QR codes. The QR code readers do the rest and you can read the info. Remember an SVG format lets you resize them. READ MORE: 50 QR Code Uses for Marketing and Business Do QR Codes Ever Stop Working? Wondering if static QR codes expire? The answer is no. But some generators have a cap on unlimited use. Static QR Codes These have a URL that’s fixed. That means the alignment pattern can’t be edited. Use these static QR code options for: A Resume This type of QR code doesn’t need to change. For Images That Don’t Change Static QR codes work to show off business pictures. For An Event. An event QR code can be a one-off. Like invitation cards. Dynamic QR Codes A dynamic QR code falls under the banner of a custom QR code. Scanning the QR code here is easy. You can change the destination URL. A created QR code can be edited. Dynamic QR Code Uses A dynamic QR code has some business advantages over a static QR code. Scanning is Faster The static QR code doesn’t scan as fast as a dynamic one. They create a QR code with a shortened URL, so scanning is faster. They Are Trackable. Dynamic QR codes generate trackable results. The QR code receives info on your customers. How to Create a QR Code That Doesn’t Expire Before you can scan a QR code, you need to create one. Don’t forget to look at accessories from Denso Wave Incorporated. Google Denso Wave Inc to get started. Find a good code generator with an error correction feature. Enter a URL. Customize one QR code. Consider shape and color if you’re looking at a social media QR code. Download and save it. Add the same QR code to print material, or use a vcard QR code for contact details. These can send your unique ID to a user’s phone Where to Create a QR Code That Doesn’t Expire It’s important to choose products that don’t expire yet can be modified. Consider utilizing a high-speed reading engine like this one. QRCode Monkey With this generator, you’ll receive QR codes that do not expire. Additionally, QRCode Monkey offers dynamic QR codes that you can modify and update as needed. You can even add a company logo for scanning. ZebraQR The ideal QR code generator for restaurants is available at ZebraQR. If you’re focusing on mobile users, there’s a small adjustment to consider: no app is necessary—just use a phone camera. You can easily create your QR code along with your digital menu. There’s a free plan. But you’ll need to pay for advanced features. The Pro plan is $49 monthly. Beaconstac Beaconstac’s QR code generator is used by big names like Revlon, Puma, and Marriott. Scan statistics are provided. The dynamic QR codes can be updated in real-time and that’s great for marketing campaigns. The Starter plan gives you 3 dynamic QR codes and 25,000 scans for $5 USD monthly. Beaconstac offers two other options, either works for landing pages. QRStuff The QR codes created with this tool don’t require an account. This is one of the better free QR code generator tools. It’s free and you get an unlimited number of QR code scans. QR stuff works with a variety of different data types like the URL for a webpage. QRTiger An ideal choice when you’re looking to generate dynamic QR codes to be scanned. Plus, there’s no expiration date on any of the code that gets created. QRTiger lets you add pictures from your image gallery for commercial purposes. Even a Call To Action can be added to the online QR code. There’s a free trial version. Scanova Opt for dynamic QR codes that come with a subscription and never expire. This advanced option enables you to modify your content whenever you need it. Additionally, you can utilize a prebuilt landing page to kick off your project. You’ll need an account to use Scanova. Free QR Codes Free static QR codes are another option. You can find free code options online. Keep in mind there are some security risks when you’re generating a code for free. There can be scan issues. Remember you’re asking a third-party site to get involved many times. Remember, static and dynamic QR codes are different. You cant change the data on a static one without a new QR code. QR Code Generators These are the software programs used to create QR codes. Based on the data like a webpage URL or text that becomes the QR code. We’ve already listed some popular QR code options you pay for. And some free QR code generators that work. Now, here are a few more tips on sorting through your QR code options. Look for speed. A good QR code should be up and running in under a minute. Some, like the image gallery QR code, might need to be tweaked on the fly. Look for ones that produce standard-sized QR code products. Even a single QR code generated online can be big. Especially if the destination URL is long. A standard-sized QR code is more attractive. You’ll need a way to track a QR code. Look for one that has a QR code scanner. That’s important whether you are using dynamic QR codes or static QR codes. Scanning is an important feature of any successful product. Can QR codes be customized? There are different QR code types. Custom QR codes can have different backgrounds, patterns, and colors. You can even add a logo if you’re going to place it on a web page. Looking for a complete guide on the different types of QR code options? Here’s a link. Can QR codes be edited? Dynamic QR codes can be edited. You can change to a new URL destination. And update the content. The other type of QR code is static. Those can’t be edited. Image: Envato Elements This article, "Do QR Codes Expire?" was first published on Small Business Trends View the full article

The QR in QR code stands for quick response, and the first QR code was invented back in 1994. QR codes are readable barcodes that can store different kinds of information. Email addresses, phone numbers, and website URLs are just a few examples. QR codes are commonly utilized for tracking products in the supply chain, and most smartphones come equipped with built-in QR code readers. By scanning a QR code, you can perform various actions, such as verifying login information, managing online accounts, and facilitating payments. So it’s important for small businesses to ask, “Do QR codes expire?” READ MORE: How to Create a QR Code in 5 Simple Steps What is a QR Code? Got something to sell? Then you need to know that almost half (45%) of shoppers utilized marketing campaign-related QR codes in recent times. These square black and white symbols can be scanned with a laser or smartphone to access information about services and products. They serve a significant commercial purpose by providing links, content, coupons, and other relevant information. Essentially, they are a matrix-based form of barcode. Business needs to understand how these kinds of codes work. How Does a QR Code Work? Today’s smartphones have QR code scanners. Point your camera phone at QR codes. The QR code readers do the rest and you can read the info. Remember an SVG format lets you resize them. READ MORE: 50 QR Code Uses for Marketing and Business Do QR Codes Ever Stop Working? Wondering if static QR codes expire? The answer is no. But some generators have a cap on unlimited use. Static QR Codes These have a URL that’s fixed. That means the alignment pattern can’t be edited. Use these static QR code options for: A Resume This type of QR code doesn’t need to change. For Images That Don’t Change Static QR codes work to show off business pictures. For An Event. An event QR code can be a one-off. Like invitation cards. Dynamic QR Codes A dynamic QR code falls under the banner of a custom QR code. Scanning the QR code here is easy. You can change the destination URL. A created QR code can be edited. Dynamic QR Code Uses A dynamic QR code has some business advantages over a static QR code. Scanning is Faster The static QR code doesn’t scan as fast as a dynamic one. They create a QR code with a shortened URL, so scanning is faster. They Are Trackable. Dynamic QR codes generate trackable results. The QR code receives info on your customers. How to Create a QR Code That Doesn’t Expire Before you can scan a QR code, you need to create one. Don’t forget to look at accessories from Denso Wave Incorporated. Google Denso Wave Inc to get started. Find a good code generator with an error correction feature. Enter a URL. Customize one QR code. Consider shape and color if you’re looking at a social media QR code. Download and save it. Add the same QR code to print material, or use a vcard QR code for contact details. These can send your unique ID to a user’s phone Where to Create a QR Code That Doesn’t Expire It’s important to choose products that don’t expire yet can be modified. Consider utilizing a high-speed reading engine like this one. QRCode Monkey With this generator, you’ll receive QR codes that do not expire. Additionally, QRCode Monkey offers dynamic QR codes that you can modify and update as needed. You can even add a company logo for scanning. ZebraQR The ideal QR code generator for restaurants is available at ZebraQR. If you’re focusing on mobile users, there’s a small adjustment to consider: no app is necessary—just use a phone camera. You can easily create your QR code along with your digital menu. There’s a free plan. But you’ll need to pay for advanced features. The Pro plan is $49 monthly. Beaconstac Beaconstac’s QR code generator is used by big names like Revlon, Puma, and Marriott. Scan statistics are provided. The dynamic QR codes can be updated in real-time and that’s great for marketing campaigns. The Starter plan gives you 3 dynamic QR codes and 25,000 scans for $5 USD monthly. Beaconstac offers two other options, either works for landing pages. QRStuff The QR codes created with this tool don’t require an account. This is one of the better free QR code generator tools. It’s free and you get an unlimited number of QR code scans. QR stuff works with a variety of different data types like the URL for a webpage. QRTiger An ideal choice when you’re looking to generate dynamic QR codes to be scanned. Plus, there’s no expiration date on any of the code that gets created. QRTiger lets you add pictures from your image gallery for commercial purposes. Even a Call To Action can be added to the online QR code. There’s a free trial version. Scanova Opt for dynamic QR codes that come with a subscription and never expire. This advanced option enables you to modify your content whenever you need it. Additionally, you can utilize a prebuilt landing page to kick off your project. You’ll need an account to use Scanova. Free QR Codes Free static QR codes are another option. You can find free code options online. Keep in mind there are some security risks when you’re generating a code for free. There can be scan issues. Remember you’re asking a third-party site to get involved many times. Remember, static and dynamic QR codes are different. You cant change the data on a static one without a new QR code. QR Code Generators These are the software programs used to create QR codes. Based on the data like a webpage URL or text that becomes the QR code. We’ve already listed some popular QR code options you pay for. And some free QR code generators that work. Now, here are a few more tips on sorting through your QR code options. Look for speed. A good QR code should be up and running in under a minute. Some, like the image gallery QR code, might need to be tweaked on the fly. Look for ones that produce standard-sized QR code products. Even a single QR code generated online can be big. Especially if the destination URL is long. A standard-sized QR code is more attractive. You’ll need a way to track a QR code. Look for one that has a QR code scanner. That’s important whether you are using dynamic QR codes or static QR codes. Scanning is an important feature of any successful product. Can QR codes be customized? There are different QR code types. Custom QR codes can have different backgrounds, patterns, and colors. You can even add a logo if you’re going to place it on a web page. Looking for a complete guide on the different types of QR code options? Here’s a link. Can QR codes be edited? Dynamic QR codes can be edited. You can change to a new URL destination. And update the content. The other type of QR code is static. Those can’t be edited. Image: Envato Elements This article, "Do QR Codes Expire?" was first published on Small Business Trends View the full article

In a Friday speech, Federal Reserve Board member Michelle Bowman said regulation and supervision should be aimed at expanding banking access, not limiting it. View the full article

Walgreens Boots Alliance, Inc. investors have had a wild 2025 so far. Earlier this month, the beleaguered stock (Nasdaq: WBA) soared 25% after beating Q1 2025 expectations on revenue and earnings per share. Yet today, the company’s stock is crashing—WBA shares are currently down over 15% in early trading. But this stock price swing has nothing to do with sales. Instead, it likely has to do with Walgreens’ changes to its dividend payouts. Here’s what you need to know. Why is Walgreens stock crashing? As of the time of this writing, Walgreens shares are down over 15% in early market trading. The reason for the crashing stock price likely has to do with a change the company announced to its dividend payouts. Today’s WBA crash comes after the company announced yesterday that it would be suspending dividend payments to shareholders in order to better manage its capital allocation. “This change in capital allocation is aimed at strengthening WBA’s balance sheet by reducing debt over time and improving free cash flow, as the company works toward achieving a retail pharmacy-led turnaround underpinned by a sustainable economic model,” the company said in a statement announcing the changes. “The company’s cash needs over the next several years, including with respect to litigation and debt refinancing, were important considerations as part of the decision to suspend the dividend.” News of Walgreens pausing its dividend payments is historic. As the Associated Press notes, Walgreens has been making quarterly dividend payments to shareholders for nearly a century. What is a dividend? When it comes to the stock market, a dividend is usually a cash payment a company makes to shareholders. The payment is usually made every quarter and is deposited as cash in the shareholder’s brokerage account. A stockholder receives a set amount of cash for each share they own in the company. Many companies pay dividends, including tech giants like Apple and Nvidia. Dividends are a way to reward investors for their loyalty by allowing them to profit from the company’s cash stockpiles directly. Dividends can also act as an incentive to hold onto a stock even if the stock itself isn’t appreciating much in value, as investors are given a cash payout on a recurring schedule—meaning that simply owning the stock earns them recurring income. What does Walgreens’ pausing of its dividends mean? It suggests that the company is going to need all the cash it can get its hands on in order to implement its desired turnaround, which is aimed at reducing costs and increasing revenue. Instead of continuing to give cash directly to its investors, Walgreens believes that cash can be better spent on its turnaround efforts—which may benefit investors in the long run. However, many investors like to invest in stocks that offer dividends. And some of the share price fall in WGA seen this morning could represent some investors dumping their holdings since dividends are no longer being paid. But the stock price fall could also signal that Walgreens’ turnaround efforts are going to be more challenging and longer-lasting than many thought. That uncertainty may be causing some people to dump the stock this morning. WGA stock is still up for 2025 Today is the last trading day of January, but despite WGA’s 15% drop in early trading, the stock is actually still up about 3.8% year-to-date—mainly thanks to that 25% jump earlier this month. However, looking beyond the past month, there’s no denying that Walgreens stock has been headed in the wrong direction for some time. Over the past 12 months, WGA stock is down more than 57%. Over the past five years, the stock has collapsed by around 81%. The pharmacy chain is facing a number of challenges, including decreased profits, increased online competition, and lower reimbursement rates for prescription drugs. As a result of some of these challenges, last year, the company announced plans to close as many as 1,200 stores. View the full article

The Federal Reserve's preferred measure of underlying inflation remained muted in December and real incomes were soft, which should support further reductions in interest rates this year. View the full article

If you were looking for a respite from X, but Threads didn't work out for you, you might have ended up at Bluesky. Sure, Mastodon is great in theory, but it doesn't have nearly as many users talking in one place. And as a single app, Bluesky is simply easier to use. Bluesky also feels like an app that has learned (or is still learning) from the mistakes of its peers. It has superior built-in moderation and troll-fighting features, and is relatively easy to get started with. But if you're going to pick up a new social network, you're going to want to carry over your mute words with you—that is, the collection of terms you've made over the years that you just don't want to see displayed on your feed. Maybe it's political stuff, or news about a certain celebrity, or even AI. Bluesky makes it easy to mute words, and there's even a feature called Moderation Lists, where you can use crowdsourced lists and bulk-mute accounts at once. Here's how to use both. How to mute words and phrases on BlueskyOpen the Bluesky website or smartphone app. From the sidebar, go to Settings > Moderation > Muted words & Tags. Credit: Khamosh Pathak Here, you'll see many options for muting a word. First, write the phrase or word you want to mute in the text box. Then, go through your options—though I think the default options are the best choice. Still, in the Duration section, you can choose to only mute the word for 24 hours, or 7 days, or 30 days, which can be great for, say, temporarily blocking out spoilers for a TV show you haven't watched yet. Next, you can choose if you want to mute just Bluesky posts, to also mute tags. Here, too, the default of Text and Tags works quite well, instead of blocking just tags. Lastly, you can choose to exclude users you follow from your mutes, in case you still want to hear about a topic like AI, but only from people you follow. When you're all set, click the Add button. Repeat the process to add more mute words and phrases. Credit: Khamosh Pathak Your muted words will show up in the section below. To unmute a word, all you have to do is to click the little X icon next to the word and confirm from the pop-up box. Credit: Khamosh Pathak How to mute accounts in bulkLike other social media services, Bluesky lets you mute or block individual accounts right from that person's profile view. Click the three-dotted menu, choose Mute account, and you're done. But the service goes beyond that: It also lets users create Moderation Lists that can be shared freely with a link, and it's possible to mute or block all the accounts included on such a list with just a click. It's a handy way to block a bunch of known NFT scammers, or notorious trolls, for example. To create your own Moderation List, go to Settings > Moderation > Moderation Lists > New. Then give the list a name and description, and click on Save. Credit: Khamosh Pathak Use the search bar up top to search for and add any number of profiles to the list. Then, click the Subscribe button up top (confusing, I know), and from the popup, choose Mute account. Credit: Khamosh Pathak Then, click on Mute list from the popup to confirm. Credit: Khamosh Pathak This process becomes a lot more interesting when you start to search for crowdsourced lists about different profiles. For example, Skywatch Blue has curated many lists for blocking specific scammers or trolls. There's even a list dedicated to people who have Elon Musk's name or reference in their profile or description, which some people might find particularly handy in 2025. View the full article

Apple has agreed to settle a class action lawsuit that alleged the iPhone maker sold early Apple Watch models that included batteries that could swell. The company has set aside $20 million to pay claims related to the suit. Here’s what to know about the lawsuit and whether you are eligible to receive a cut of the payout. What is the Apple Watch class action lawsuit about? The class action lawsuit alleged that Apple sold its early Apple Watch models with an internal battery that could swell. According to the lawsuit settlement website, the swollen batteries violated consumer protection laws and breached warranties. Which Apple Match models are included? The class action lawsuit alleged that the swollen battery issue affected many of Apple’s earliest Apple Watch models. These models include: Apple Watch (First Generation) Apple Watch Series 1 Apple Watch Series 2 Apple Watch Series 3 Apple Watch models beyond the Series 3 are not included in the class action lawsuit or the settlement. What has Apple agreed to in the settlement? As part of the settlement, Apple has agreed to set up a $20 million settlement fund from which settlement claimants can receive compensation. In agreeing to enter into a settlement, Apple admitted to no wrongdoing and a court did not declare Apple was at fault. Companies frequently agree to settle class action suits instead of going to trial, as settlement agreements are frequently less than what it would cost a company to go to court. Fast Company has reached out to Apple for commment about the settlement. How much can I get from the settlement? If you are eligible to be considered a claimant under the settlement, the amount you will receive varies. It is estimated that claimants will receive at least $20 per Apple Watch that is covered under the settlement. Payouts are capped at a maximum of $50 per covered Apple Watch. The final amount a claimant will get depends on how many claimants are eligible for payment and how many Apple Watches are covered under the settlement that they owned. Who can receive a payout from the Apple Watch settlement? In order to receive a payout from the settlement, you must meet the qualifications to be considered a claimant. Those qualifications include: You must have owned one or more of the covered Apple Watch models (First Generation, Series 1, Series 2, or Series 3). You must have also previously reported issues that may have been related to battery swelling to Apple. Reports to Apple must have been made between April 24, 2015, and February 6, 2024. You must reside in the United States. How can I get my payment? You don’t need to do anything to file a claim, as Apple will have a record of those who contacted the company to report potential battery swelling issues in covered Apple Watch models. However, you should make sure that Apple has your latest payment details so you can receive the payment if you are eligible. You can update your payment details on the official settlement website. The date you must confirm or update your payment information is April 25, 2025. Other dates apply if you want to exclude yourself from the settlement. Those who think they may be covered under the settlement should check out the official settlement website for full details, including how to opt out of the settlement. What’s the timeline for payments? First, a court has to approve the settlement. A final hearing date is set for April 10. At the hearing, the court will weigh factors such as whether the settlement is reasonable and if there are any objections. View the full article

If you’re looking for a solid city-commuter e-bike with a surprisingly brawny motor and a stylish look, look no further than the Aventon 500 Pace 3. Aventon has secured its niche within the crowded e-bike market by aiming for the juncture between “high performance” and “beginner friendly,” and the Pace 3 hits that bullseye. It’s casual-friendly and easy to ride, with a no-problem step-through frame and reassuring upright posture, but the hydraulic disc brakes, torque-sensing assist, and powerful motor mean you’re not sacrificing performance for ease of use. Pros and cons of the Aventon Pace 500.3ProsGreat for beginners Torque-sensing drive is intutive Powerful motor ConsLack of suspension Throttle is a little sensitive SpecsPrice: $1,799 (currently on sale for $1,599) Classification: Class 2 Motor: 500W 48V Brushless Hub Motor Weight limit: 300 lbs Speed: Up to 28 MPH with Pedal Assist Assist: 4 levels of torque-sensing assist Battery: Removable internal lithium-ion 48V 12.8Ah (614Wh) with LG cells Recharge time: 4-5 hours Advertised max range: Up to 60 miles with pedal assist, 30 miles with throttle only Display: Full color, backlit LCD display Brakes: Hydraulic disc brakes Drivetrain: 122 Link, 8 Speed Tires: 27.5" x 2.1" puncture resistant, reflective sidewalls Two perspectives on riding an Aventon Pace 500.3I’ve been riding different electric and analog bikes for years, and I found the Pace 3 to be a solid ride—it’s a nice commuter e-bike—but since it’s geared toward just-starting-out e-bikers, I had my wife take it out a few times to get a beginner’s perspective. “Before I rode it, it was scary because it has an engine and I’m a wimp, but once I got it on it, there was nothing to it. I practiced going up and down the block a few times and I was like, ‘got it; let’s go!’ It’s like riding a bike. It’s not like riding a motorcycle. It feels like a beach cruiser with a little extra.” She added that she has "ridden this bike more in the past month than [she has] ridden any bike in the last 20 years.” I didn’t have exactly the same reaction as my wife. She found the upright posture of the Pace 3 comfortable. I’m used to a more forward posture which feels more stable to me, but the “relaxed” position seem to be the choice for most, especially newer riders. That “most of your weight on your butt” stance and the Pace 3's lack of suspension on the forks and seat make it not the most forgiving bike for bumps. It’s not terrible—like most e-bikes, the tires are meant to be ridden fairly soft, which helps a lot—but it would have been nice if the suspension seatpost came standard instead of as an add-on from Aventon. I found the thumb-controlled throttle a little overly sensitive at first, but I prefer twist-controlled throttles in general. Until you get used to them, it’s easy to give a thumb throttle more juice than you want and end up jerking forward a bit. The Aventon Pace 500.3's look: tomorrow’s bike today Credit: Stephen Johnson The Pace 3 looks like the future. It doesn’t look like those e-bikes that mimic the look of motorcycles, but it doesn’t look like a traditional bike, either. The simple lines, cruiser-style handlebars, integrated battery, and cables that run through the frame suggest a bike from a science fiction movie. It even has brake lights and turn signals. That said, a couple of colors beyond “Ghost White” and “Blue Steel” (metallic light blue) would be nice. Under the hood of the Pace 3: a 500w motor and torque-sensing assist Credit: Stephen Johnson Despite its “ready for beginners” nature and non-threatening look, the Pace features a 500-watt 48-volt brushless hub motor that packs real power. It’s a category 2 e-bike with a throttle speed of 20 miles per hour, but the pedal assist will take you up to 28 mph—as fast as e-bikes are generally allowed to go. If you’re just starting out, those kind of speeds might concern you, but the iPhone and Android app that comes with the bike lets you set your own top speed, down to a turtle-like 12 mph. The Pace 3's torque-sensing pedal assist is a step up from the cadence sensing of previous generations of Pace bikes. Instead of providing motor assistance by monitoring how often you’re turning the cranks, torque-sensing assists based on how much force you’re using to pedal. The result is a more natural feel—it’s like having stronger legs instead of feeling like your pedaling is turning on a motor. Torque sensing is more energy efficient too, so the Pace’s battery lasts longer. The cockpit: the Pace 3's controls and screen Credit: Stephen Johnson The Pace 500.3's backlit, colored LCD display is easy to read and understand, even in bright sunlight. It details the remaining battery power, assist level, miles traveled and time of your current ride—pretty standard. The bike’s four assist levels are given names like “eco” and “touring” instead of numbers, which is a little annoying until you get used to it. The controls by your left handgrip let you turn the assist on and adjust the assist power, and there are even turn signal buttons for lights on the back fender—not the most useful feature in the world, but pretty cool anyway. All of this will be intuitive if you’ve ever operated any kind of vehicle—no instructions necessary. There's an integrated headlight and rear light for nighttime rides, and the LED brake lights go on when you squeeze the brake levers. Pretty snazzy. If you want to change the top-speed on your Aventon Pace and go a little more in-depth on the customization options, here's a how-to guide. How long does a battery charge last on a Pace 500.3?Aventon says the battery will last up to 60 miles with pedal assist and 30 miles with throttle only. Any battery life estimate varies depending on hills, rider weight, and how heavily the motor is assisting, but that estimate isn’t far from my experience. Credit: Strava/Stephen Johnson Just riding it around on flat ground seems to use a reasonable amount of battery, but as a stress test, I took this bike on a hilly 22-mile ride that included a trip over Mount Hollywood, a 1,333 foot climb. I used the assist to try to keep pedaling at as steady, natural rate as possible as I ascended the hill/mountain and easily passed the spandex-clad “real” cyclists while only breaking a moderate sweat. When I got to the summit, around the halfway point of the trip, I was surprised to see that I’d only used 10% of the battery’s power. The entire ride used about 35% of the battery—not bad for that much elevation gain, especially given how heavily I leaned on the throttle on the way home. The frame, brakes, and gears of the Pace 3Overall, the old-fashioned, non-electric or electronic bike parts of the Pace 3 seem solid. The hydraulic disc brakes performed admirably, even when leaning on them hard during steep descents, and the Shimano Altus derailleur shifts through its eight gears quietly and efficiently when you pull the trigger controls. At 50 pounds, the Pace 3 is surprisingly light, so it’s viable as bicycle even if you totally run out of juice. I’ve ridden the Pace 3 for about 90 miles overall, and the bike felt solid for every one of them. Even when going downhill at 35 mph or so (top speed based on my own fear level with a newer bike) it never felt out of control, wobbly, or alarming in any way. I wouldn’t take it out on a long gravel road or down a mountain bike track, but a few experiences with broken-up, gnarly concrete didn’t cause any issues. Overall: This might be your dream bikeIf you’re thinking of making the move into e-bikes, you should consider finding a local bike shop that sells Aventon bikes and trying out the Pace 3. It’s beginner-friendly, but if you end up going from “beginner” to “enthusiast,” you’ll appreciate the Pace 3's torque-sensing assist, hydraulic brakes, and powerful engine. And even if you only ever use it twice a year, those rides will be effortless and fun. View the full article

A reliable email hosting solution is so important for small businesses, offering more than just storage. It’s the key to secure, efficient communication and access to advanced features. This article will reveal the best 10 email hosting providers, empowering your business with dependable email solutions. Email Hosting: Why It Matters Email hosting serves as the foundation of professional communication for businesses. In contrast to standard web hosting, it focuses exclusively on the management of emails. Choosing the right email host ensures reliable delivery, robust security, and specialized features. This translates to seamless communication and a strong, trustworthy online presence for small businesses. Top Email Hosting Providers for Small Business Choosing the right email hosting provider is crucial for small businesses. Here are the top options to consider: Email Hosting ProviderKey FeaturesBest Suited For Google WorkspaceGmail for business, integration with Google Drive & MeetBusinesses seeking seamless collaboration & communication Microsoft OutlookPart of Microsoft 365, advanced calendar, integration with Office appsEnterprises requiring robust email & calendar features, Office users Zoho MailAd-free, built-in collaboration toolsBusinesses seeking an all-inclusive, ad-free solution RackspaceCloud-based, 24/7 customer supportCompanies reliant on uninterrupted email communication SendGridTransactional emails, detailed analytics for campaignsBusinesses with a focus on email marketing & tracking TitanDesigned for small businesses, custom domainsSmall businesses & freelancers aiming for a professional image PostmarkFast transactional emailsWeb apps needing immediate email notifications Amazon WorkMailSecure, integrates with AWS servicesAWS users & businesses looking for a comprehensive tool suite MailgunPowerful email APIs, caters to high email volumesTech-driven companies & developers FastmailSecure, ad-free, custom domain optionsCompanies prioritizing privacy & a personalized communication platform Google Workspace Google Workspace is a comprehensive suite offering Gmail for business, one of the top mail apps in the world. It’s seamlessly integrated with collaboration tools like Google Drive and Meet, streamlining organizational teamwork and communication. It’s also one of the easiest-to-use tools, known for its reliability, security features, and scalability. Microsoft Outlook Microsoft Outlook, part of Microsoft 365, is a powerhouse for email services. It not only delivers robust email capabilities but also boasts advanced calendar features and seamless integration with other Office applications. It’s also known for its reliability and ease of use. Zoho Mail Zoho Mail excels with its scalable, ad-free email hosting service. It features integrated collaboration tools, offering businesses a comprehensive solution for their communication and teamwork requirements. Rackspace Rackspace focuses on cloud-based email hosting. With 24/7 customer support, they provide reliable service, making them a top option for businesses that depend on email communication. SendGrid SendGrid is tailored for transactional emails and marketing campaigns. It provides detailed analytics that allows businesses to track the performance of their email communications, ensuring messages reach their intended recipients effectively. Titan Titan offers professional email hosting specifically designed for small businesses and freelancers. It includes options for custom domains, enabling businesses to present a polished and personalized image to their clients. Postmark Postmark shines in delivering fast and reliable transactional emails. This makes it an excellent choice for web applications that require immediate notifications, ensuring timely and accurate communication with users. Amazon WorkMail Amazon WorkMail is a secure, managed email service provided by Amazon Web Services. It seamlessly integrates with other AWS services, offering businesses a comprehensive suite of tools to support their operations. Mailgun Mailgun caters to developers and businesses handling high email volumes. It provides powerful email APIs that enable seamless integration and efficient management of email communications, making it a go-to choice for tech-driven companies. Fastmail Fastmail prides itself on offering a secure and ad-free email hosting service. With custom domain options and robust privacy features, it provides businesses with a reliable and private platform for their communication needs. https://youtube.com/watch?v=WaGp3CAgtuI%3Fsi%3DPn4_HvNv7-_gWnCK Choosing the Best Email Hosting for Your Needs: Our Methodology Choosing an email hosting provider is critical for ensuring reliable and professional email communication. Here’s our methodology and the essential factors we considered when creating our list, with each rated on a scale of one to ten, with ten being of utmost importance: Reliability and Uptime (Importance Scale: 10/10) High uptime guarantees to ensure consistent email availability. Reliable performance with minimal downtime. Security Features (Importance Scale: 10/10) Strong security measures, including spam filters and antivirus protection. Secure data centers and encryption for data protection. Storage Capacity (Importance Scale: 9/10) Adequate storage space for your business needs. Scalable options as your business and storage needs grow. Ease of Use and Accessibility (Importance Scale: 8/10) User-friendly interface for managing emails. Accessible via various devices, including mobile compatibility. Customer Support (Importance Scale: 9/10) Reliable and accessible customer support. Support channels like live chat, phone, and email assistance. Pricing and Scalability (Importance Scale: 8/10) Transparent pricing plans are suitable for small businesses. Scalability to accommodate business growth and additional users. Integration Capabilities (Importance Scale: 7/10) Compatibility with other business tools and software. Integration with productivity tools, CRM systems, etc. Domain Name Customization (Importance Scale: 8/10) Ability to use custom domain names for a professional appearance. Support for managing domain names. Spam and Virus Protection (Importance Scale: 9/10) Effective spam filtering and virus protection features. Regular updates to safeguard against new threats. Archiving and Backup (Importance Scale: 7/10) Options for email archiving and backup. Easy retrieval of archived emails for compliance and record-keeping. With these criteria in mind, we’ve analyzed a myriad of email hosting providers available in the market. Our recommendations aim to cater to diverse business needs, ensuring that your email communications remain smooth, secure, and efficient. Factors that Distinguish the Best Email Hosting Providers When selecting the best email hosting services, it’s crucial to understand the distinctive factors that can elevate one provider above its competitors. A top-notch email hosting provider doesn’t just offer a basic email service; it ensures that its users get an optimal experience tailored to their specific requirements. Here are the standout characteristics to look for: Unlimited Email Addresses: Adaptability: As businesses grow and evolve, their needs change. The capacity to create unlimited email addresses ensures that a company can adapt to new demands without needing to change providers. Cost Efficiency: Paying per email address can become expensive for large organizations. An unlimited option can offer better value for money in the long run. Uptime Guarantees: Reliability: A high uptime means that the service is available when you need it. This ensures consistent communication, which is vital for business operations. Reputation: Regular downtime can tarnish a company’s professional image. A reliable email hosting provider will prioritize uptime to maintain your business’s reputation. Responsive Customer Support: Accessibility: Excellent customer support is offered through various channels, including live chat, email, and phone. Timely Response: In the event of an issue, swift support can mean the difference between a minor hiccup and a major disruption. Robust Security Measures: Data Protection: With rising cyber threats, a top email hosting provider will implement strong encryption and firewalls to keep your data safe. Spam and Malware Filtering: An effective filtering system can prevent potentially harmful emails from reaching your inbox, keeping it clean and secure. Seamless Integration: Efficiency: Integration with other business tools, like CRM systems or collaboration platforms, can boost productivity by creating a unified workflow. Flexibility: The ability to integrate with a wide variety of tools means the email service can adapt to your specific business needs. The best email hosting providers are characterized not just by their basic offerings but by how they cater to the broader needs of businesses. From adaptability and reliability to robust security and integration capabilities, these elements set the best apart. Benefits of Premium Email Hosting Services vs. Free Email Services When it comes to email, choosing the right service can make a world of difference. Premium email hosting services offer several distinct advantages over their free counterparts: Why Choose Business Email Hosting Over Free Services Professionalism: Opting for a dedicated business email with a custom domain elevates your brand’s credibility. Unlike generic free addresses that lack a professional touch, it shows clients and partners that you’re serious about your business. Enhanced Security: Premium email hosting services prioritize your data’s safety. They offer advanced security features like encryption and robust spam protection, shielding your communication from potential threats that free services may not adequately address. Increased Storage: Business accounts offer larger storage options, which is beneficial for organizations with significant communication requirements. This means you won’t need to frequently delete emails or deal with restricted space, facilitating effective data retention and retrieval. Reliable Support: When issues arise, having reliable customer support can be a game-changer. Premium services often offer dedicated support teams ready to assist you promptly. In contrast, free platforms may leave you with limited assistance, potentially causing frustration and downtime. Choosing wisely can ensure a smooth and trouble-free email experience for your business. Optimizing Your Email Hosting Experience After choosing the ideal email hosting provider for your small business, the next step is to enhance your experience for optimal efficiency and productivity. Here are essential strategies to make the most of your email hosting service: Custom Domain Setup and Management Professional Image: Setting up a custom domain for your email addresses (e.g., yourname@yourcompany.com) significantly enhances your business’s professionalism. Ensure your provider offers easy domain management tools. Consistency Across Branding: Use your email domain to reinforce your brand identity across all communications. This consistency helps build trust and recognition with your clients. Implementing Advanced Security Measures Employee Training: Educate your team on the importance of security practices, such as recognizing phishing attempts and using strong passwords. Leverage Encryption: Utilize end-to-end encryption for sensitive communications to protect your data from unauthorized access. Streamlining Communication with Integration Centralize Tools: Integrate your email with other business tools like CRM systems, scheduling software, and project management platforms. This centralization can save time and reduce the risk of errors. Automate Workflow: Set up automation for repetitive tasks, such as email sorting and tagging, to improve efficiency. Utilizing Storage and Archiving Smartly Regular Cleanup: Encourage regular inbox cleanup to avoid storage issues and keep important communications accessible. Archiving Strategy: Use archiving features to maintain a clean inbox while ensuring that older emails are still retrievable for future reference. Leveraging Customer Support for Smooth Operations Proactive Problem Solving: Don’t hesitate to reach out to customer support for help in setting up features or troubleshooting issues. Feedback Loop: Share your thoughts with your provider regarding your experience and any features you would like to see, helping to drive future improvements. Continuously Monitoring and Adapting Review Performance: Continuously evaluate the effectiveness of your email hosting service in fulfilling your requirements. Identify opportunities for improvement and features that you may not be using to their full potential. Stay Updated: Keep abreast of any updates or new features from your provider. New functionalities could offer additional benefits to your business. FAQs: Best Email Hosting How do you change an email hosting provider without losing data? When transitioning to a new email hosting provider, begin by backing up all your existing emails and contacts. Next, update your DNS records to point to the new provider. Finally, synchronize your email client with the new service to ensure a seamless transition. Is separate email hosting needed with a web hosting provider? Yes, it’s generally advisable to have a separate email hosting account, even if you have web hosting services. This ensures dedicated resources for email, improving reliability and security. It also allows for specialized features and support, enhancing overall communication efficiency. Why choose the best email hosting services? Opting for the best email hosting services guarantees reliable communication. They offer advanced security, ample storage, seamless integration, and responsive customer support. These features collectively enhance your business’s professionalism and efficiency in managing electronic correspondence. What features make the best email hosting provider stand out? The best email hosting for small business providers excels in several key areas. They offer ample storage, robust security measures, seamless integration with other business tools, and top-notch customer support. Additionally, they provide advanced features like encryption and spam protection, setting them apart in terms of reliability and efficiency. Business users should also consider the devices and platforms where they want to be able to access email. For example, if you’re looking for the best email app for iphone, make sure your provider is compatible with that operating system. Image: Depositphotos This article, "The Best Email Hosting Providers for Small Businesses" was first published on Small Business Trends View the full article

A reliable email hosting solution is so important for small businesses, offering more than just storage. It’s the key to secure, efficient communication and access to advanced features. This article will reveal the best 10 email hosting providers, empowering your business with dependable email solutions. Email Hosting: Why It Matters Email hosting serves as the foundation of professional communication for businesses. In contrast to standard web hosting, it focuses exclusively on the management of emails. Choosing the right email host ensures reliable delivery, robust security, and specialized features. This translates to seamless communication and a strong, trustworthy online presence for small businesses. Top Email Hosting Providers for Small Business Choosing the right email hosting provider is crucial for small businesses. Here are the top options to consider: Email Hosting ProviderKey FeaturesBest Suited For Google WorkspaceGmail for business, integration with Google Drive & MeetBusinesses seeking seamless collaboration & communication Microsoft OutlookPart of Microsoft 365, advanced calendar, integration with Office appsEnterprises requiring robust email & calendar features, Office users Zoho MailAd-free, built-in collaboration toolsBusinesses seeking an all-inclusive, ad-free solution RackspaceCloud-based, 24/7 customer supportCompanies reliant on uninterrupted email communication SendGridTransactional emails, detailed analytics for campaignsBusinesses with a focus on email marketing & tracking TitanDesigned for small businesses, custom domainsSmall businesses & freelancers aiming for a professional image PostmarkFast transactional emailsWeb apps needing immediate email notifications Amazon WorkMailSecure, integrates with AWS servicesAWS users & businesses looking for a comprehensive tool suite MailgunPowerful email APIs, caters to high email volumesTech-driven companies & developers FastmailSecure, ad-free, custom domain optionsCompanies prioritizing privacy & a personalized communication platform Google Workspace Google Workspace is a comprehensive suite offering Gmail for business, one of the top mail apps in the world. It’s seamlessly integrated with collaboration tools like Google Drive and Meet, streamlining organizational teamwork and communication. It’s also one of the easiest-to-use tools, known for its reliability, security features, and scalability. Microsoft Outlook Microsoft Outlook, part of Microsoft 365, is a powerhouse for email services. It not only delivers robust email capabilities but also boasts advanced calendar features and seamless integration with other Office applications. It’s also known for its reliability and ease of use. Zoho Mail Zoho Mail excels with its scalable, ad-free email hosting service. It features integrated collaboration tools, offering businesses a comprehensive solution for their communication and teamwork requirements. Rackspace Rackspace focuses on cloud-based email hosting. With 24/7 customer support, they provide reliable service, making them a top option for businesses that depend on email communication. SendGrid SendGrid is tailored for transactional emails and marketing campaigns. It provides detailed analytics that allows businesses to track the performance of their email communications, ensuring messages reach their intended recipients effectively. Titan Titan offers professional email hosting specifically designed for small businesses and freelancers. It includes options for custom domains, enabling businesses to present a polished and personalized image to their clients. Postmark Postmark shines in delivering fast and reliable transactional emails. This makes it an excellent choice for web applications that require immediate notifications, ensuring timely and accurate communication with users. Amazon WorkMail Amazon WorkMail is a secure, managed email service provided by Amazon Web Services. It seamlessly integrates with other AWS services, offering businesses a comprehensive suite of tools to support their operations. Mailgun Mailgun caters to developers and businesses handling high email volumes. It provides powerful email APIs that enable seamless integration and efficient management of email communications, making it a go-to choice for tech-driven companies. Fastmail Fastmail prides itself on offering a secure and ad-free email hosting service. With custom domain options and robust privacy features, it provides businesses with a reliable and private platform for their communication needs. https://youtube.com/watch?v=WaGp3CAgtuI%3Fsi%3DPn4_HvNv7-_gWnCK Choosing the Best Email Hosting for Your Needs: Our Methodology Choosing an email hosting provider is critical for ensuring reliable and professional email communication. Here’s our methodology and the essential factors we considered when creating our list, with each rated on a scale of one to ten, with ten being of utmost importance: Reliability and Uptime (Importance Scale: 10/10) High uptime guarantees to ensure consistent email availability. Reliable performance with minimal downtime. Security Features (Importance Scale: 10/10) Strong security measures, including spam filters and antivirus protection. Secure data centers and encryption for data protection. Storage Capacity (Importance Scale: 9/10) Adequate storage space for your business needs. Scalable options as your business and storage needs grow. Ease of Use and Accessibility (Importance Scale: 8/10) User-friendly interface for managing emails. Accessible via various devices, including mobile compatibility. Customer Support (Importance Scale: 9/10) Reliable and accessible customer support. Support channels like live chat, phone, and email assistance. Pricing and Scalability (Importance Scale: 8/10) Transparent pricing plans are suitable for small businesses. Scalability to accommodate business growth and additional users. Integration Capabilities (Importance Scale: 7/10) Compatibility with other business tools and software. Integration with productivity tools, CRM systems, etc. Domain Name Customization (Importance Scale: 8/10) Ability to use custom domain names for a professional appearance. Support for managing domain names. Spam and Virus Protection (Importance Scale: 9/10) Effective spam filtering and virus protection features. Regular updates to safeguard against new threats. Archiving and Backup (Importance Scale: 7/10) Options for email archiving and backup. Easy retrieval of archived emails for compliance and record-keeping. With these criteria in mind, we’ve analyzed a myriad of email hosting providers available in the market. Our recommendations aim to cater to diverse business needs, ensuring that your email communications remain smooth, secure, and efficient. Factors that Distinguish the Best Email Hosting Providers When selecting the best email hosting services, it’s crucial to understand the distinctive factors that can elevate one provider above its competitors. A top-notch email hosting provider doesn’t just offer a basic email service; it ensures that its users get an optimal experience tailored to their specific requirements. Here are the standout characteristics to look for: Unlimited Email Addresses: Adaptability: As businesses grow and evolve, their needs change. The capacity to create unlimited email addresses ensures that a company can adapt to new demands without needing to change providers. Cost Efficiency: Paying per email address can become expensive for large organizations. An unlimited option can offer better value for money in the long run. Uptime Guarantees: Reliability: A high uptime means that the service is available when you need it. This ensures consistent communication, which is vital for business operations. Reputation: Regular downtime can tarnish a company’s professional image. A reliable email hosting provider will prioritize uptime to maintain your business’s reputation. Responsive Customer Support: Accessibility: Excellent customer support is offered through various channels, including live chat, email, and phone. Timely Response: In the event of an issue, swift support can mean the difference between a minor hiccup and a major disruption. Robust Security Measures: Data Protection: With rising cyber threats, a top email hosting provider will implement strong encryption and firewalls to keep your data safe. Spam and Malware Filtering: An effective filtering system can prevent potentially harmful emails from reaching your inbox, keeping it clean and secure. Seamless Integration: Efficiency: Integration with other business tools, like CRM systems or collaboration platforms, can boost productivity by creating a unified workflow. Flexibility: The ability to integrate with a wide variety of tools means the email service can adapt to your specific business needs. The best email hosting providers are characterized not just by their basic offerings but by how they cater to the broader needs of businesses. From adaptability and reliability to robust security and integration capabilities, these elements set the best apart. Benefits of Premium Email Hosting Services vs. Free Email Services When it comes to email, choosing the right service can make a world of difference. Premium email hosting services offer several distinct advantages over their free counterparts: Why Choose Business Email Hosting Over Free Services Professionalism: Opting for a dedicated business email with a custom domain elevates your brand’s credibility. Unlike generic free addresses that lack a professional touch, it shows clients and partners that you’re serious about your business. Enhanced Security: Premium email hosting services prioritize your data’s safety. They offer advanced security features like encryption and robust spam protection, shielding your communication from potential threats that free services may not adequately address. Increased Storage: Business accounts offer larger storage options, which is beneficial for organizations with significant communication requirements. This means you won’t need to frequently delete emails or deal with restricted space, facilitating effective data retention and retrieval. Reliable Support: When issues arise, having reliable customer support can be a game-changer. Premium services often offer dedicated support teams ready to assist you promptly. In contrast, free platforms may leave you with limited assistance, potentially causing frustration and downtime. Choosing wisely can ensure a smooth and trouble-free email experience for your business. Optimizing Your Email Hosting Experience After choosing the ideal email hosting provider for your small business, the next step is to enhance your experience for optimal efficiency and productivity. Here are essential strategies to make the most of your email hosting service: Custom Domain Setup and Management Professional Image: Setting up a custom domain for your email addresses (e.g., yourname@yourcompany.com) significantly enhances your business’s professionalism. Ensure your provider offers easy domain management tools. Consistency Across Branding: Use your email domain to reinforce your brand identity across all communications. This consistency helps build trust and recognition with your clients. Implementing Advanced Security Measures Employee Training: Educate your team on the importance of security practices, such as recognizing phishing attempts and using strong passwords. Leverage Encryption: Utilize end-to-end encryption for sensitive communications to protect your data from unauthorized access. Streamlining Communication with Integration Centralize Tools: Integrate your email with other business tools like CRM systems, scheduling software, and project management platforms. This centralization can save time and reduce the risk of errors. Automate Workflow: Set up automation for repetitive tasks, such as email sorting and tagging, to improve efficiency. Utilizing Storage and Archiving Smartly Regular Cleanup: Encourage regular inbox cleanup to avoid storage issues and keep important communications accessible. Archiving Strategy: Use archiving features to maintain a clean inbox while ensuring that older emails are still retrievable for future reference. Leveraging Customer Support for Smooth Operations Proactive Problem Solving: Don’t hesitate to reach out to customer support for help in setting up features or troubleshooting issues. Feedback Loop: Share your thoughts with your provider regarding your experience and any features you would like to see, helping to drive future improvements. Continuously Monitoring and Adapting Review Performance: Continuously evaluate the effectiveness of your email hosting service in fulfilling your requirements. Identify opportunities for improvement and features that you may not be using to their full potential. Stay Updated: Keep abreast of any updates or new features from your provider. New functionalities could offer additional benefits to your business. FAQs: Best Email Hosting How do you change an email hosting provider without losing data? When transitioning to a new email hosting provider, begin by backing up all your existing emails and contacts. Next, update your DNS records to point to the new provider. Finally, synchronize your email client with the new service to ensure a seamless transition. Is separate email hosting needed with a web hosting provider? Yes, it’s generally advisable to have a separate email hosting account, even if you have web hosting services. This ensures dedicated resources for email, improving reliability and security. It also allows for specialized features and support, enhancing overall communication efficiency. Why choose the best email hosting services? Opting for the best email hosting services guarantees reliable communication. They offer advanced security, ample storage, seamless integration, and responsive customer support. These features collectively enhance your business’s professionalism and efficiency in managing electronic correspondence. What features make the best email hosting provider stand out? The best email hosting for small business providers excels in several key areas. They offer ample storage, robust security measures, seamless integration with other business tools, and top-notch customer support. Additionally, they provide advanced features like encryption and spam protection, setting them apart in terms of reliability and efficiency. Business users should also consider the devices and platforms where they want to be able to access email. For example, if you’re looking for the best email app for iphone, make sure your provider is compatible with that operating system. Image: Depositphotos This article, "The Best Email Hosting Providers for Small Businesses" was first published on Small Business Trends View the full article

The cold weather has had me putting my Dutch oven through its paces the past couple weeks with a succession of stews, breads, and soups. Everything I make just seems to come out better during the winter, maybe because the thick cast iron emanates warmth long after I turn off the flame, or because removing the lid of the heavy pot always feels like opening a treasure chest. Whatever the reason, every meal has more than satisfied. This week, I tried out my crispy chicken and rice recipe, and I’d like to encourage you to do the same. Chicken and rice is one of those rare dishes with countless iterations from across the world. It’s an undeniably comforting combination, and if you have a family of picky eaters, it might be the one meal that everyone agrees on. Adding in a can of crushed tomatoes takes care of the "healthy" aspect, and a handful of olives adds a peppery, briny hit that elevates the entire dish. For me, the biggest allure of this recipe is the textural contrast of crispy chicken skin over juicy thigh meat, nestled in soft, yet perfectly resistant grains of tomato-coated rice. In order to get beautifully thin, crackling chicken skin, you have to render out the fat first. This will crisp the skin, develop the flavors, and give each piece of chicken a gorgeous, deeply browned color. Credit: Allie Chanthorn Reinmann I find that using my Dutch oven for this delivers the best results. The thick cast iron does an excellent job at holding onto and evenly distributing heat so you aren't left with one crispy side of a chicken thigh, and the other all floppy. (Don’t fret if you don’t have a fancy Dutch oven; my brand-less one is a wonder. I might name it Dutchie.) Once you add the liquids and rice, you can count on the heat retention to cook the grains at a slow and steady pace, effectively achieving multiple different textures, all with one pot. Credit: Allie Chanthorn Reinmann Aside from the initial sear, this dish spends most of its time on low heat. You can absolutely use a regular pot for this, but you may have to keep a closer eye on everything. For the crispiest possible chicken skin, I recommend salting it the night before and leaving it in your fridge, uncovered, overnight. The salt flavors the skin and draws out moisture, while leaving it unwrapped allows exterior moisture to evaporate. This way, when you’re ready to cook, you won’t trap steam between the skin and the hot pot. If you didn’t plan ahead, no worries: just use a paper towel to thoroughly blot the moisture off the skin before salting both sides of each chicken thigh. Credit: Allie Chanthorn Reinmann If you prefer chicken breast, you can use that instead of skin-on chicken thighs, but if you ask me, you are missing out. And if you’re in need of any other one-pot winter meals, check out this recipe for beans and sausage. Even among champions, it’s a winner. Dutch Oven Crispy Chicken and Rice RecipeIngredients: 1 tablespoon neutral cooking oil 4 skin-on chicken thighs Enough salt for both sides of chicken ½ medium yellow onion, chopped 1 clove garlic, peeled and crushed 1 x 15-ounce can crushed tomatoes 1 ½ to 2 cups broth 1 cup uncooked rice 1 teaspoon mixed seasonings (like onion powder, MSG, dried herbs, or chili powder) 10 jalapeño stuffed green olives, halved 1. Use a paper towel to blot the excess moisture from the thighs, especially on the skin side. Salt both sides of the chicken thighs. Add the oil to a Dutch oven and swirl the pot to coat the bottom. Place the chicken thighs skin-side down and turn the heat to medium. Allow the chicken to cook like this for about 10 to 15 minutes, or until the skin is very brown underneath. 2. Flip the chicken and cook the other side for about five minutes. Your chicken will cook through here, but if your thighs are particularly thick, check with a thermometer. 3. Remove the thighs carefully so you don’t break off the crisp skin. Place them on a plate to wait. Toss the onion and garlic into the pot and let them cook briefly, about one minute. Pour in the crushed tomatoes, 1 ½ cups broth, and the rice along with a teaspoon of any seasoning mix you typically enjoy. Mix it well, reduce the heat to a low simmer, and cover the pot with a lid. Cook the rice and sauce like this for 15 to 20 minutes, stirring occasionally. 4. At this point the rice will have absorbed the excess liquid and you should taste it. The rice should be just cooked, but not mushy. Add the chopped olives to the pot and mix them into the rice. Nestle the chicken thighs, skin-side up, into the rice so the meat is buried in the sauce but the skin is above the surface. Allow the dish to cook for another five minutes, uncovered. Serve immediately to enjoy the crispiest chicken skin and the most satisfying tomato rice. View the full article

Apple on Thursday disclosed its iPhone sales dipped slightly during the holiday-season quarter, signaling a sluggish start to the trendsetting company’s effort to catch up to the rest of Big Tech in the race to bring artificial intelligence to the masses. The iPhone’s roughly 1% drop in revenue from the previous year’s October-December period wasn’t entirely unexpected, given the first software update enabling the device’s AI features didn’t arrive until just before Halloween, and the technology still isn’t available in many markets outside the U.S. The countries still awaiting Apple’s AI suite include China, a key market where the company continued to lose ground. Although he didn’t mention China, Apple CEO Tim Cook told investors on a conference call that a software upgrade enabling the AI features in more European markets, as well as Japan and Korea will be rolling out in April. But in the past quarter Apple also was only able to eke out a modest revenue gain across its entire business, although the results came in ahead of the analyst projections that guide investors. The Cupertino, California, company earned $36.3 billion, or $2.40 per share, a 7% increase from the previous year. Revenue edged up from the previous year by 4% to $124.3 billion. Those numbers included iPhone revenue of $69.1 billion. In China, Apple’s total revenue registered $18.5 billion, an 11% decrease from the previous year. Part of that erosion in China reflected the iPhone’s shrinking market share in that country, where homegrown companies have been making more headway. Apple’s iPhone year-over-year shipments in China declined nearly 10% in the most recent quarter, while native companies Huawei and Xiaomi posted year-over-year increases of more than 20%, according to the research firm International Data Corp. “While China is a potential risk, we think the appeal of Apple products as a luxury product and the potential of AI innovations will keep demand steady in the country,” Edward Jones analyst Logan Purk wrote in a research note assessing the company’s quarterly report. The holiday-season results served to confirm bringing AI to the iPhone and Apple’s other products may not boost the company’s recently lackluster growth as much as investors initially thought it might after Cook unveiled the technology before a rapt crowd last June. The anticipation that an AI-infused iPhone would prod hordes of consumers to ditch their current devices and splurge on an upgrade is the main reason Apple’s stock price surged by 30% last year. But the sinking realization that an uptick in demand may take longer than expected has caused Apple’s shares to backtrack by 5% during the first month of the new year. The stock initially slipped slightly in extended trading after the numbers came out, but later reversed course and rose by more than 3% after Cook said Apple is seeing a record number of people upgrading their iPhones. “I could not feel more optimistic about our product pipeline,” Cook said during the conference call. “So I think there’s a lot of a lot of innovation left on the smartphone.” A management forecast calling for revenue that will at least match or exceed analyst projections for the January-March quarter also seemed to bolster investor confidence in the company. The concerns hovering around Apple’s weakening iPhone sales come against broader worries about whether AI will be as lucrative for U.S. tech companies as once envisioned after Chinese startup DeepSeek released a version of the technology that was built at a far lower cost than had been previously thought possible. Unlike tech peers such as Microsoft, Google corporate parent Alphabet Inc., and Facebook corporate parent Meta Platforms, Apple hasn’t been investing as heavily in AI—one of the reasons it has been seen as an industry laggard. But that restraint could work to its advantage if DeepSeek’s early breakthroughs in driving down AI costs gains momentum. Apple’s services division remained the company’s biggest moneymaker outside the iPhone, with revenue of $26.3 billion in the past quarter, a 14% increase from the previous year. Although the services division has been thriving for years, it generates more than $20 billion annually by locking in Google as the automatic search engine on the iPhone and other products. That deal is now under threat of being banned as part of the proposed punishment for Google’s search engine being declared an illegal monopoly. —Michael Liedtke, AP Technology Writer View the full article

The H-1B visa is a non-immigrant visa category in the United States, allowing U.S. employers to hire foreign workers in specialty occupations temporarily. These occupations typically require specialized knowledge and skills, often in fields such as technology, science, engineering, mathematics, and other related areas. Here, we’ll go over what is an H1B visa and all of the H-1B visa guidelines that small business owners should know before utilizing this option. Understanding the H1B Visa The H-1B visa is a nonimmigrant visa category established by the United States to allow U.S. employers to employ foreign workers in specialty occupations. These occupations typically require theoretical or technical expertise in specialized fields such as IT, finance, engineering, mathematics, science, medicine, and more. The primary intent behind the H-1B visa program is to help U.S. companies overcome labor shortages in certain high-skill sectors and to bring in diverse talents that can contribute to the U.S. economy. Key aspects of the H-1B visa include: Specialty Occupations: The visa is designated for jobs that necessitate a high level of specialized knowledge and at least the equivalent of a bachelor’s degree in a related field. Duration: Typically, an H-1B visa is granted for an initial period of three years, which can be extended to a maximum of six years; exceptions exist for certain circumstances. Annual Cap: There is an annual limit on the number of H-1B visas issued (commonly 65,000 under the regular cap and an additional 20,000 for those with a U.S. master’s degree or higher). Wage Requirements: Employers must pay H-1B workers at least the prevailing wage or the actual wage paid to similar positions, whichever is higher, to ensure the employment of foreign workers does not adversely affect the wages and working conditions of U.S. workers. Dual Intent: In contrast to many other nonimmigrant visa types, the H-1B visa permits “dual intent.” This means that individuals holding an H-1B visa can pursue and secure a Green Card while residing in the U.S. on that visa. Dependents: H-1B visa holders can bring their immediate family members (spouse and children under 21) to the U.S. under the H-4 visa category. In certain cases, H-4 visa holders may obtain work authorization. The H-1B visa acts as a gateway for foreign professionals who wish to bring their specialized skills to the U.S. workforce, while also providing a possible route to permanent residency. This program highlights the importance of meeting the demands of U.S. employers for specialized talent while also safeguarding the interests of U.S. workers. The Role of Citizenship and Immigration Services The U.S. Citizenship and Immigration Services (USCIS) is the federal agency responsible for processing H-1B visa petitions and ensuring that employers and foreign workers meet the requirements for this visa category. USCIS is crucial in adjudicating H-1B visa applications and issuing approvals. Eligibility of Foreign Workers for an H 1B Visa To be eligible for an H-1B visa, foreign workers must meet certain criteria, including: Having a job offer from a U.S. employer. The job must be in a specialty occupation. Possessing the required education and qualifications for the position, with supporting documents. The employer must file a petition on behalf of the foreign worker. There must be an available slot under the H-1B visa cap if it falls under the annual numerical limit (details provided below). Educational and Professional Requirements H-1B visa applicants typically must possess at least a bachelor’s degree or an equivalent qualification in their specific field. Certain roles may necessitate advanced degrees or specialized certifications based on the job requirements. The applicant’s educational qualifications must be directly related to the job they are offered, in theoretical and practical application. In certain situations, relevant work experience and professional accomplishments may be accepted as a substitute for formal education. The H-1B Visa Application Process The H-1B visa electronic registration process for application typically involves the following steps: Employer’s Labor Condition Application (LCA): To ensure compliance with labor conditions and to confirm that they will pay the H-1B worker the prevailing wage, the employer is required to submit an LCA to the U.S. Department of Labor (DOL). Employer’s Form I-129 Petition: The employer submits Form I-129, known as the Petition for a Nonimmigrant Worker, to USCIS. This form must include details regarding the job, the qualifications of the foreign worker for the position, and additional necessary information. USCIS Processing: USCIS reviews the petition and, if approved, issues an I-797 Notice of Action. If the H-1B visa is subject to the annual cap (explained below), it may be entered into the H-1B lottery. Consular Processing or Change of Status: If the foreign worker is outside the U.S., they must apply for an H-1B visa at a U.S. embassy or consulate. If the worker is already in the U.S., they may apply for a change of status to H-1B. StepDescriptionResponsibilityKey Documents/Requirements Employer's Labor Condition Application (LCA)The employer must file an LCA with the U.S. Department of Labor (DOL) to attest that they will pay the H-1B worker the prevailing wage and comply with specific labor conditions.Employer- LCA (Form ETA-9035) filed with DOL - Documentation to prove the prevailing wage for the occupation - Attestation of working conditions Employer's Form I-129 PetitionThe employer files Form I-129, Petition for a Nonimmigrant Worker, with USCIS, including details about the job and the foreign worker's qualifications.Employer- Form I-129 - LCA approval from DOL - Proof of the foreign worker's qualifications (degrees, work experience) - Job offer and description USCIS ProcessingUSCIS reviews the Form I-129 petition and, if approved, issues an I-797 Notice of Action. The petition may be entered into the H-1B lottery if subject to the annual cap.U.S. Citizenship and Immigration Services (USCIS)- I-797 Notice of Action (approval notice) - If subject to the cap, potential entry into the H-1B lottery Consular Processing or Change of StatusDepending on the worker's location, they must either apply for an H-1B visa at a U.S. embassy/consulate or apply for a change of status to H-1B if they are already in the U.S.Foreign Worker- For consular processing: DS-160 form, passport, photo, I-797, interview at U.S. embassy/consulate - For change of status: I-539 form (Application to Extend/Change Nonimmigrant Status), I-797 - Supporting documents (e.g., qualifications, job offer) The Role of Employers in the H1 B Visa Process Employers are responsible for: Paying the H-1B worker the prevailing wage for the occupation and location. Complying with the terms and conditions of the approved LCA. Providing a safe and conducive working environment. Obtaining labor certifcation by filing the necessary forms and fees with USCIS. Maintaining proper records and documentation. Prevailing Wage and the H-1B Visa Wages for H-1B workers are typically determined based on the prevailing wage for the occupation in the geographic location where the work will be performed. The DOL provides wage data to establish the minimum salary requirement for the foreign employee. H1B Visa Caps and Limitations There are two main types of H-1B visa caps: Regular Cap: This is the annual limit on the number of new H-1B visas available, set at 65,000. Master’s Cap: An additional 20,000 visas are available for foreign workers with a master’s degree or higher from a U.S. institution. Certain organizations, such as universities and nonprofit research institutions, are exempt from these caps. H-1B workers performing labor or services in the Commonwealth of the Northern Mariana Islands (CNMI) and Guam may also be exempt from the H-1B cap, according to the Consolidated Natural Resources Act. H-1B workers in Guam and the Northern Mariana Islands are exempt from the H-1B cap if their employers file the petition before the end of the specified time frame. Specialty Occupations and H-1B Visa Allocations H-1B visas are typically granted for jobs in specialty occupations, which often include fields like technology, engineering, science, mathematics, medicine, and business. These occupations require specialized knowledge and skills. Renewal and Extension of an H-1B Visa H-1B visas are initially issued for a period of up to three years and can be extended for an additional three years, allowing for a maximum stay of six years. These extensions are generally contingent upon continued employment with the same employer. Transition from H-1B Visa to Permanent Residency H-1B visa holders can transition to permanent residency (green card) if their employer sponsors them for an employment-based green card. This process can take several years and involves multiple stages, including labor certification and a petition to USCIS.Resources Act. https://youtube.com/watch?v=RMnI5HFu4mU%3Fsi%3DST5T15sGIe_vDOwL FAQs: What is an H-1B Visa What is the duration of an H-1B visa? A standard H-1B visa is typically issued for a duration of up to three years. It can be extended for an additional three years, allowing for a maximum total stay of six years. In certain situations, H-1B visa holders may qualify for extensions beyond the six-year limit if they are actively pursuing permanent residency (green card). Can H-1B visa holders bring dependents to the U.S.? H-1B visa holders can bring their immediate family members (spouse and unmarried children under 21) to the U.S. under H-4 dependent visas. H-4 visa holders can live in the U.S. but are not authorized to work, with limited exceptions. What happens if an H-1B visa holder loses their job? If an H-1B visa holder loses their job, they are typically required to leave the U.S. unless they find another employer willing to sponsor them for a new H-1B visa or a change of status to a different visa category. Some H-1B workers may have a grace period of up to 60 days to find new employment or depart the country, depending on their specific circumstances. Are there any other ways to temporarily employ foreign workers in the US? Apart from the H-1B visa, there are several other visa categories that allow U.S. employers to hire temporary foreign workers. These include: H-2A and H-2B visas for seasonal agricultural and non-agricultural workers, respectively. L-1 visas for intracompany transferees. O visas for individuals with extraordinary ability or achievement. TN visas for Canadian and Mexican professionals under the U.S.-Mexico-Canada Agreement (USMCA). How does the H-1B visa differ from other work visa categories? The H-1B visa is specifically designed for foreign workers in specialty occupations, typically requiring a bachelor’s degree or higher. It is employer-sponsored and is often used in industries such as technology, engineering, and healthcare. Other visa categories have different eligibility criteria and purposes. For example, H-2A and H-2B visas are for temporary, non-professional workers. Read more about what is an h2b visa here. L-1 visas are for intracompany transfers, and O visas are for individuals with extraordinary skills or achievements. Each visa category has its own set of requirements, limitations, and application processes. Image: Depositphotos This article, "What is an H-1B Visa?" was first published on Small Business Trends View the full article

The H-1B visa is a non-immigrant visa category in the United States, allowing U.S. employers to hire foreign workers in specialty occupations temporarily. These occupations typically require specialized knowledge and skills, often in fields such as technology, science, engineering, mathematics, and other related areas. Here, we’ll go over what is an H1B visa and all of the H-1B visa guidelines that small business owners should know before utilizing this option. Understanding the H1B Visa The H-1B visa is a nonimmigrant visa category established by the United States to allow U.S. employers to employ foreign workers in specialty occupations. These occupations typically require theoretical or technical expertise in specialized fields such as IT, finance, engineering, mathematics, science, medicine, and more. The primary intent behind the H-1B visa program is to help U.S. companies overcome labor shortages in certain high-skill sectors and to bring in diverse talents that can contribute to the U.S. economy. Key aspects of the H-1B visa include: Specialty Occupations: The visa is designated for jobs that necessitate a high level of specialized knowledge and at least the equivalent of a bachelor’s degree in a related field. Duration: Typically, an H-1B visa is granted for an initial period of three years, which can be extended to a maximum of six years; exceptions exist for certain circumstances. Annual Cap: There is an annual limit on the number of H-1B visas issued (commonly 65,000 under the regular cap and an additional 20,000 for those with a U.S. master’s degree or higher). Wage Requirements: Employers must pay H-1B workers at least the prevailing wage or the actual wage paid to similar positions, whichever is higher, to ensure the employment of foreign workers does not adversely affect the wages and working conditions of U.S. workers. Dual Intent: In contrast to many other nonimmigrant visa types, the H-1B visa permits “dual intent.” This means that individuals holding an H-1B visa can pursue and secure a Green Card while residing in the U.S. on that visa. Dependents: H-1B visa holders can bring their immediate family members (spouse and children under 21) to the U.S. under the H-4 visa category. In certain cases, H-4 visa holders may obtain work authorization. The H-1B visa acts as a gateway for foreign professionals who wish to bring their specialized skills to the U.S. workforce, while also providing a possible route to permanent residency. This program highlights the importance of meeting the demands of U.S. employers for specialized talent while also safeguarding the interests of U.S. workers. The Role of Citizenship and Immigration Services The U.S. Citizenship and Immigration Services (USCIS) is the federal agency responsible for processing H-1B visa petitions and ensuring that employers and foreign workers meet the requirements for this visa category. USCIS is crucial in adjudicating H-1B visa applications and issuing approvals. Eligibility of Foreign Workers for an H 1B Visa To be eligible for an H-1B visa, foreign workers must meet certain criteria, including: Having a job offer from a U.S. employer. The job must be in a specialty occupation. Possessing the required education and qualifications for the position, with supporting documents. The employer must file a petition on behalf of the foreign worker. There must be an available slot under the H-1B visa cap if it falls under the annual numerical limit (details provided below). Educational and Professional Requirements H-1B visa applicants typically must possess at least a bachelor’s degree or an equivalent qualification in their specific field. Certain roles may necessitate advanced degrees or specialized certifications based on the job requirements. The applicant’s educational qualifications must be directly related to the job they are offered, in theoretical and practical application. In certain situations, relevant work experience and professional accomplishments may be accepted as a substitute for formal education. The H-1B Visa Application Process The H-1B visa electronic registration process for application typically involves the following steps: Employer’s Labor Condition Application (LCA): To ensure compliance with labor conditions and to confirm that they will pay the H-1B worker the prevailing wage, the employer is required to submit an LCA to the U.S. Department of Labor (DOL). Employer’s Form I-129 Petition: The employer submits Form I-129, known as the Petition for a Nonimmigrant Worker, to USCIS. This form must include details regarding the job, the qualifications of the foreign worker for the position, and additional necessary information. USCIS Processing: USCIS reviews the petition and, if approved, issues an I-797 Notice of Action. If the H-1B visa is subject to the annual cap (explained below), it may be entered into the H-1B lottery. Consular Processing or Change of Status: If the foreign worker is outside the U.S., they must apply for an H-1B visa at a U.S. embassy or consulate. If the worker is already in the U.S., they may apply for a change of status to H-1B. StepDescriptionResponsibilityKey Documents/Requirements Employer's Labor Condition Application (LCA)The employer must file an LCA with the U.S. Department of Labor (DOL) to attest that they will pay the H-1B worker the prevailing wage and comply with specific labor conditions.Employer- LCA (Form ETA-9035) filed with DOL - Documentation to prove the prevailing wage for the occupation - Attestation of working conditions Employer's Form I-129 PetitionThe employer files Form I-129, Petition for a Nonimmigrant Worker, with USCIS, including details about the job and the foreign worker's qualifications.Employer- Form I-129 - LCA approval from DOL - Proof of the foreign worker's qualifications (degrees, work experience) - Job offer and description USCIS ProcessingUSCIS reviews the Form I-129 petition and, if approved, issues an I-797 Notice of Action. The petition may be entered into the H-1B lottery if subject to the annual cap.U.S. Citizenship and Immigration Services (USCIS)- I-797 Notice of Action (approval notice) - If subject to the cap, potential entry into the H-1B lottery Consular Processing or Change of StatusDepending on the worker's location, they must either apply for an H-1B visa at a U.S. embassy/consulate or apply for a change of status to H-1B if they are already in the U.S.Foreign Worker- For consular processing: DS-160 form, passport, photo, I-797, interview at U.S. embassy/consulate - For change of status: I-539 form (Application to Extend/Change Nonimmigrant Status), I-797 - Supporting documents (e.g., qualifications, job offer) The Role of Employers in the H1 B Visa Process Employers are responsible for: Paying the H-1B worker the prevailing wage for the occupation and location. Complying with the terms and conditions of the approved LCA. Providing a safe and conducive working environment. Obtaining labor certifcation by filing the necessary forms and fees with USCIS. Maintaining proper records and documentation. Prevailing Wage and the H-1B Visa Wages for H-1B workers are typically determined based on the prevailing wage for the occupation in the geographic location where the work will be performed. The DOL provides wage data to establish the minimum salary requirement for the foreign employee. H1B Visa Caps and Limitations There are two main types of H-1B visa caps: Regular Cap: This is the annual limit on the number of new H-1B visas available, set at 65,000. Master’s Cap: An additional 20,000 visas are available for foreign workers with a master’s degree or higher from a U.S. institution. Certain organizations, such as universities and nonprofit research institutions, are exempt from these caps. H-1B workers performing labor or services in the Commonwealth of the Northern Mariana Islands (CNMI) and Guam may also be exempt from the H-1B cap, according to the Consolidated Natural Resources Act. H-1B workers in Guam and the Northern Mariana Islands are exempt from the H-1B cap if their employers file the petition before the end of the specified time frame. Specialty Occupations and H-1B Visa Allocations H-1B visas are typically granted for jobs in specialty occupations, which often include fields like technology, engineering, science, mathematics, medicine, and business. These occupations require specialized knowledge and skills. Renewal and Extension of an H-1B Visa H-1B visas are initially issued for a period of up to three years and can be extended for an additional three years, allowing for a maximum stay of six years. These extensions are generally contingent upon continued employment with the same employer. Transition from H-1B Visa to Permanent Residency H-1B visa holders can transition to permanent residency (green card) if their employer sponsors them for an employment-based green card. This process can take several years and involves multiple stages, including labor certification and a petition to USCIS.Resources Act. https://youtube.com/watch?v=RMnI5HFu4mU%3Fsi%3DST5T15sGIe_vDOwL FAQs: What is an H-1B Visa What is the duration of an H-1B visa? A standard H-1B visa is typically issued for a duration of up to three years. It can be extended for an additional three years, allowing for a maximum total stay of six years. In certain situations, H-1B visa holders may qualify for extensions beyond the six-year limit if they are actively pursuing permanent residency (green card). Can H-1B visa holders bring dependents to the U.S.? H-1B visa holders can bring their immediate family members (spouse and unmarried children under 21) to the U.S. under H-4 dependent visas. H-4 visa holders can live in the U.S. but are not authorized to work, with limited exceptions. What happens if an H-1B visa holder loses their job? If an H-1B visa holder loses their job, they are typically required to leave the U.S. unless they find another employer willing to sponsor them for a new H-1B visa or a change of status to a different visa category. Some H-1B workers may have a grace period of up to 60 days to find new employment or depart the country, depending on their specific circumstances. Are there any other ways to temporarily employ foreign workers in the US? Apart from the H-1B visa, there are several other visa categories that allow U.S. employers to hire temporary foreign workers. These include: H-2A and H-2B visas for seasonal agricultural and non-agricultural workers, respectively. L-1 visas for intracompany transferees. O visas for individuals with extraordinary ability or achievement. TN visas for Canadian and Mexican professionals under the U.S.-Mexico-Canada Agreement (USMCA). How does the H-1B visa differ from other work visa categories? The H-1B visa is specifically designed for foreign workers in specialty occupations, typically requiring a bachelor’s degree or higher. It is employer-sponsored and is often used in industries such as technology, engineering, and healthcare. Other visa categories have different eligibility criteria and purposes. For example, H-2A and H-2B visas are for temporary, non-professional workers. Read more about what is an h2b visa here. L-1 visas are for intracompany transfers, and O visas are for individuals with extraordinary skills or achievements. Each visa category has its own set of requirements, limitations, and application processes. Image: Depositphotos This article, "What is an H-1B Visa?" was first published on Small Business Trends View the full article

The Chinese artificial intelligence app DeepSeek could not be accessed on Wednesday in Apple and Google app stores in Italy, the day after the country’s data protection authority requested information on its use of personal data. Ireland’s Data Protection Commission said it had also requested information from DeepSeek about data processing in relation to Irish users. DeepSeek last week launched a free AI assistant that it says uses less data at a fraction of the cost of incumbent services. By Monday, the assistant had overtaken U.S. rival ChatGPT in downloads from Apple’s App Store, sparking panic among tech stock investors. “The news of the withdrawal of the app was only a few hours ago, I cannot say whether it is due to us or not,” the head of the Italian data regulator, Pasquale Stanzione, was quoted as saying by news agency ANSA. “Our office will launch an in-depth investigation to see if GDPR rules are being respected,” Stanzione added, according to ANSA, referring to European Union data protection regulation. The Italian regulator, known as the Garante, said on Tuesday it wanted to know what personal data is collected, from which sources, for what purposes, on what legal basis, and whether it is stored in China. It gave DeepSeek and its affiliated companies 20 days to respond. Stanzione also said the regulator was seeking reassurances on safeguarding for underage users of the app, on the avoidance of bias and avoiding electoral interference. A notice displayed to Italian customers on Apple’s App Store said the app was “currently not available in the country or area you are in.” A message on the Google app platform said the download “was not supported” in Italy. DeepSeek seemed to be still operational for Italian users who had previously downloaded the application, and was available for download and working on Wednesday in other European Union countries and in Britain. In Germany, an interior ministry spokesperson said the government was monitoring AI applications for potential interference before the February 23 national election. “Of course, the security authorities are concerned with AI applications and possible manipulation, possible influence on the formation of public opinion through AI applications, especially now in view of the Bundestag elections,” the spokesperson said, without naming any specific models. Italy’s Garante is one of Europe’s most active watchdogs on the use of AI. Two years ago it briefly banned the use of Microsoft-backed ChatGPT over suspected breaches of EU privacy rules. Ireland’s Data Protection Commission is the lead EU regulator for most of the top U.S. internet firms due to the location of their EU operations in Ireland, but DeepSeek has not designated Ireland as its EU headquarters. ($1 = 0.9618 euros) —Elvira Pollina, Reuters View the full article

Meeting had been arranged before recent news about advances in artificial intelligence by China’s DeepSeekView the full article

We can no longer squander our strengths with self-imposed handicaps. There is too much at stakeView the full article

We may earn a commission from links on this page. I've looked into everything coming to Max this month, and the below TV shows and movies are the best of the bunch, or at least the most interesting. The premiere of the third season of HBO's beloved dark comedy series The White Lotus tops the list—everyone will be watching this one. There's also a new season of Last Week Tonight with John Oliver, and the premiere of Common Side Effects, an animated drama series that looks fascinating. The White Lotus, Season 3 Mike White's Emmy-winning series The White Lotus is the best. Its mix of biting commentary on wealth and privilege, well-drawn (but nearly always reprehensible) characters, and pitch-black humor add up to a nothing-else-like-it TV series. Season 3 sees a new group of pampered Americans arriving at a White Lotus luxury resort in Thailand. I can't say for sure, but I'm guessing they'll have unexpected and troubling times instead of a restful vacation. Season 3 also see the return of Natasha Rothwell, who played the spa owner from season one—one of the few sympathetic characters in the show's run. Other notable cast members include Walton Goggins (The Ghoul in Prime's Fallout series), Carrie Coon, Scott Glenn, Leslie Bibb, Michelle Monaghan, and Parker Posey. Starts streaming February 16. Last Week Tonight with John Oliver, season 12 There's a new season of Last Week Tonight premiering this month, and I'm pretty sure sardonic host John Oliver will to have a lot to talk about in 2025 America. Oliver promises to ask the hard questions, like "Have two presidents ever kissed?" and "Did Tucker Carlson's mom really leave him $2 in her will?" (She actually left him $1.) Don't miss it if you like pointed political humor, because who knows how long pointed political humor will remain legal. Starts streaming February 16. Common Side Effects This Adult-Swim-produced cartoon looks intriguing. Common Side Effects' executive producer, Mike Judge, created both King of the Hill and Beavis and Butthead, but Common Side Effects is not really a comedy. It's a moody, stylish looking drama about a pair of high school friends who discover both a drug that cures literally everything and a vast conspiracy from the pharmaceutical industry and the government to cover up its existence. Starts streaming February 3. Have I got News for You, Season 2If John Oliver doesn't provide enough comedic news coverage, why not give Have I Got News for You a try? Hosted by Roy Wood Jr. with Amber Ruffin and Michael Ian Black, this show takes the grinding misery out of "following the news" and makes it fun. Each episode features a different pair of celebrity guests who compete against each other in games and quizzes that test their knowledge of current events. It's a little like a TV version of NPR's Wait, Wait, Don't Tell Me. Starts streaming February 15. We Live in Time (2024) If you're in the mood for a tragic drama about doomed romance in the vein of The Notebook, this is the movie for you. Anchored by solid performances from Florence Pugh and Andrew Garfield, We Live in Time takes risks with structure, jumping around in time to tell the story of Pugh's character's cancer diagnoses and her decision to skip treatment to live her last days as fully as possible instead. We Live in Time was produced by A24, a company that rarely misses. Starts streaming February 7 The Takedown: American Aryans This HBO original docu-series details law enforcement's battle with the Aryan Brotherhood of Texas, a neo-Nazi street and prison gang responsible for dozens of murders and hundreds of other crimes, including the brutal killing of Breanna Taylor. Through interviews with cops, Taylor's family, and members of the Aryan Brotherhood of Texas, The Takedown: American Aryans examines the investigation, arrests, and trials that crippled the notorious criminal enterprise. Starts streaming February 6. We are the Best! (2014) There are no recognizable actors in We are the Best! It was made for very little money in Sweden. Although it got good reviews, hardly anyone saw it—it barely broke a million dollars at the box office. It's hard to explain why anyone would care about three twelve-year-olds in Stockholm starting a terrible punk rock band in 1982, but I promise you will care if you watch it. It captures something elusive and true about youth and hope in a way that few films ever have. Seriously, watch this movie. Starts streaming February 1. How I Left the Opus Dei I was brought up Catholic, but it was "try to go to church on Sunday because it makes your mom happy" style Catholicism, a world of the difference from the hardcore Catholics in Opus Dei: They mean it. Among other things, they sleep on boards instead of beds and are into "mortification of the flesh," and not in a fun/kinky way. Anyway, How I Left Opus Dei is a docu-series that tells the story of 13 women who got sick of being abused and left the group. I'm definitely checking it out. Starts streaming February 7 Puppy Bowl XXIIf you want a little break from the Kansas City Chiefs versus the Philadelphia Eagles, you can switch over to HBO's coverage of The Puppy Bowl on Super Bowl Sunday, and watch cute little puppies on Teams Ruff and Fluff play with dog toys and wrassle around with each other, totally unaware that they're on TV and people are saying, "awwwwww." Don't miss the cat-centric halftime show, either. Starts streaming February 9. Last week's picksThe Pitt HBO Originals medical series The Pitt was created by ER producer R. Scott Gemmill. The tense, realistic drama takes viewers into the charged emergency room of the Pittsburgh Trauma Medical Hospital. Each of The Pitt's 15 episodes is presented in real time: one episode is one hour of the same shift at the E.R. Noah Wyle stars as Dr. Michael “Robby” Robinavitch, chief attending physician, who's having trouble dealing with the stress and trauma of his position. He's not alone: The Pitt delves into its characters' personal lives as well as the life-or-death decisions and day-to-day drama of the emergency room. Starts streaming January 9. A Different Man (2024) If you like your comedy pitch black and shot through with absurdity and social commentary, A Different Man is the movie for you. Sebastian Stan plays Edward, a struggling actor with an extreme facial deformity. A medical procedure transforms him into a handsome dude—a different man—but he's only pretty on the outside. Edward soon learns that beauty is skin deep, but ugliness can go right down to the marrow. Like just about everything released by A24, A Different Man received well-deserved raves from critics. Starts streaming January 17. Harley Quinn, season 5 The fifth season of adult cartoon Harley Quinn sees the titular character, voiced by Kaley Cuoco, moving to Metropolis with her friend Poison Ivy, voiced by Lake Bell. The pair soon find that something serious is going down in Superman-town, and Quinn will meet up with Lex Luthor, his sister, Lena Luthor, Brainiac, and other comic book favorites in this irreverent take on the DC Universe. Harley Quinn has a 97% fresh rating on Rotten Tomatoes, so it's definitely worth your time. Starts streaming January 16. The Leopard Man (1943) Just as Leopard Man producer Val Lewton's most famous film, Cat People, didn't have any cat people in it, Leopard Man is not about a leopard man. Lewton spent most of his career as the head of B-movie production company RKO's horror department, where studio heads dictated their movie's titles, but let Lewton film whatever he wanted. Lewton chose to make Leopard Man an atmospheric, creepy, surprisingly progressive examination of misogyny and violence instead of a cheesy monster flick. Leopard Man is arguably the first movie about a serial killer, and remains among of the best examples of the genre ever made. Starts streaming January 1. The Front Room The directorial debut of Max and Sam Eggers, half-brothers of Nosferatu director Robert Eggers, The Front Room is a surrealist domestic horror story in which the worst mother-in-law imaginable moves in to "help" her pregnant daughter-in-law and her son. Despite the seriousness of the trailer, The Front Room is lightened by dark humor throughout. Solange, played by Kathryn Hunter, is a true nightmare, and will do anything to drive a wedge between her son Norman, played by Andrew Burnap, and his wife Belinda, played by Brandy Norwood. Starts streaming January 3. Sons of Ecstasy This documentary examines the rivalry between English stockbroker Shaun Attwood and Gerard Gravano, son of notorious New York mobster Salvatore “Sammy the Bull'' Gravano. The conflict played out in the 1990s against the backdrop of the ecstasy boom in Arizona, with both men fighting for control of a desert drug empire built on the rave scene's insatiable appetite for Molly. That's what I call a good subject for a documentary series! Starts streaming January 9. An Update on our FamilyAll "family YouTubers" are weird, but the Stauffer family were next-level reprehensible. This three-part documentary series examines how Myka and James Stauffer built a small vlogging empire by presenting themselves and their children as a perfect family, but took it a step too far when they adopted a baby from China with severe neurological problems. They tried to turn two year-old Huxley into the centerpiece of their content, but he soon disappeared from the family channel and the family. Starts streaming January 15. C.B. Strike: The Ink Black Heart This four-episode British series is based on the best-selling novels by J.K. Rowling, but there's not a wizard to be found. Instead, C.B. Strike: The Ink Black Heart offers the detective team of Cormoran Strike and Robin Ellacott, who are hired to investigate a murder involving the creator of a cult TV cartoon and an anonymous online troll called “Anomie.” The case reveals a complex web of online intrigue, shadowy business interests, and family conflicts that will test the limits of Strike and Robin's investigative skills and might cost them their lives. Starts streaming January 23. Look Into my Eyes I'm inclined to think of "psychics" as cynical ghouls who exploit grief for profit, but Look into my Eyes' director Lana Wilson has a more nuanced view of the craft. Her documentary examines the relationship between small-time, New York psychics and their clients without weighing in on whether the mediums' claims are true. Instead of exploitation, Wilson finds healing, faith, and human connection. No matter how skeptical you are, it's a fascinating take on the subject. Starts streaming January 10. View the full article

The Louis Armstrong New Orleans International Airport (MSY) just got a new logo, and there’s more to it than meets the eye. The updated logo dropped just in time for the upcoming Super Bowl, when an influx of out-of-state fans will bustle through MSY on their way to the Caesars Superdome arena. MSY is taking advantage of the increased publicity, using it as an opportunity to scrap its old logo—a blobby, clunky take on the fleur-de-lis that’s more of an eyesore than an homage—for a sleeker, more intriguing graphic. From left: The new logo outshines its predecessor [Image: courtesy Louis Armstrong International Airport] Called the “Plane de Lis,” the new mark is packed full of winks to the city of New Orleans and the airport itself. As the name suggests, it’s meant to evoke both an airplane and a fleur-de-lis—a stark contrast to the former logo, which simply shoehorned a plane into a scene dominated by the iris design. “The ‘Plane de Lis’ is celebratory, almost musical,” MSY wrote on its Facebook page. It’s “a plane taking flight, upward and optimistic, modern and memorable.” [Image: courtesy Louis Armstrong International Airport] The new logo’s “wings” resemble two sprays of water shooting upward, a reference to the “fluidity and influence of the Mississippi River,” according to MSY’s new brand guidelines. The teardrop-shaped tip of the fleur-de-lis is inspired by the body of a plane taking flight. And, the guidelines note, the logo’s negative space “[mimics] the interior architectural details of MSY”—likely referring to the crisscrossing white beams that decorate the airport’s ceiling. [Image: courtesy Louis Armstrong International Airport] To complete the brand transformation, MSY ditched its previous tech-adjacent blue color scheme for a more upbeat palette, anchored in Pantone “Julep,” similar to kelly green. Accent colors include “Fresh Fern,” “Beignet,” “French Quarter Rouge,” and “Fleury Pink.” [Image: courtesy Louis Armstrong International Airport] These new details really shine in a series of speciality patterns made for the brand. Designers used only the logo and its accompanying colors to create a textile-esque “wrought iron pattern,” which lends the whole project a luxe, high-end feel. MSY’s fresh look is a decided improvement, tapping into New Orleans’s cultural history without any forced overdesigning. View the full article

Understanding the cost of goods sold (COGS) is essential for businesses. It plays a significant role in decisions related to inventory, pricing, and more. But what does it really mean? This article explains what COGS is, how to calculate it, and other important information you should be aware of. What is Cost of Goods Sold? Cost of Goods Sold (COGS) is a critical financial metric for businesses. It directly reflects the cost of producing the goods or services a company sells. Here is an expanded explanation: Definition: The cost of goods sold (COGS) refers to the direct expenses incurred in the production of goods that a company sells. This encompasses the costs of materials and direct labor required for production. For retailers or distributors, COGS generally represents the total amount spent on the merchandise sold during a given period. Importance in Pricing and Inventory Levels: By understanding the cost to produce each unit sold, businesses can accurately price their goods to ensure they’re profitable. COGS also helps in maintaining optimal inventory levels. By tracking the costs associated with each product, businesses can decide which items to stock more or less of based on their profitability. Role in Determining Gross Margin: Gross margin is the revenue a company makes after deducting the COGS from its total revenue. It’s a key profitability metric that investors and analysts use to compare a company’s efficiency with its competitors. Relevance in Financial Performance: Understanding the cost of goods sold (COGS) and accurately calculating it for a specific accounting period helps businesses gain insights into their overall financial performance. An increase in COGS may suggest the need to seek more affordable suppliers or enhance operational efficiencies. Conversely, a decrease in COGS could indicate improved efficiency or the use of less expensive materials. Inclusion in Income Statements: COGS is typically reported in a company’s income statement. It’s deducted from the company’s gross revenue to determine its gross profit. To sum up, COGS is an important aspect of financial reporting and operational efficiency. It directly impacts a company’s bottom line and overall financial health. Thus, businesses must accurately calculate and closely monitor their COGS. Direct Costs Vs. Indirect Costs Direct costs and indirect costs are two fundamental types of expenses that businesses encounter. They serve different purposes and are accounted for in different ways in financial reporting. Let’s delve deeper: Direct Costs Definition: A direct cost is an expense that a business can specifically attribute to the manufacturing or production of goods or services. They are often variable costs, changing based on the level of production. Examples: Materials used in production and direct labor (wages for the employees who directly contribute to the production of goods) are common examples of direct costs. For instance, in a car manufacturing company, the cost of steel and wages for assembly line workers would be considered direct costs. Tracking and Accounting: Direct costs can be accurately traced and assigned to the production of specific goods or services. In financial statements, they are often included as part of the Cost of Goods Sold (COGS). Indirect Costs Definition: Indirect costs are the overhead expenses that are not directly tied to the production of a specific good or service. These costs are generally fixed and are incurred irrespective of the level of production. Examples: Rent, utilities, administrative salaries, and advertising costs are examples of indirect costs. For instance, in the same car manufacturing company, the electricity bills for the office building and the salary of the CEO would be considered indirect costs. Tracking and Accounting: Because they cannot be directly linked to any one product, indirect costs are distributed across all units produced. These costs often show up on the income statement under operating expenses. Understanding the difference between direct and indirect costs is crucial for businesses as it allows them to: Calculate Gross Profit: Gross profit is calculated by subtracting direct costs (COGS) from revenue. Determine Overhead Rate: Overhead rate, which is used to apply indirect costs to products, is determined based on total indirect costs. Price Products Accurately: By comprehending both direct and indirect costs, businesses can set their product prices accurately to guarantee profitability. Manage Costs: Recognizing which costs are direct and which are indirect can help a business identify areas where costs can be managed more effectively. How to Calculate Cost of Goods Sold COGS can provide a deeper understanding of the business’s profitability as well as help to identify areas where cost control can be improved upon. It can be calculated easily by following these steps: Calculate the opening inventory To calculate the opening inventory, simply add up the cost of any goods that were in stock at the start of your chosen period. Add up total purchases The total purchases are all the costs associated with buying goods during your chosen period, such as purchase price, freight costs, and other related expenses. Subtract closing inventory The closing inventory refers to any goods still in stock at the end of your chosen period. You need to subtract this number from your opening inventory and total purchases to get your COGS figure. Cost of Goods Sold Formula Cost Of Goods Sold = Opening Inventory + Purchases – Closing Inventory What COGS Includes COGS is an important concept in accounting firms and finance and includes four major components – direct materials, direct labor, manufacturing overhead, and selling expenses. Let’s take a look at each of these components in more detail. Direct Materials Direct materials are the raw materials used to make a product. They can include items such as lumber for furniture, leather for shoes, or fabric for clothing. The fixed costs associated with these items are considered part of the cost of goods sold. Direct Labor Direct labor refers to the time and resources needed to manufacture a product. This may include direct labor costs like employee wages or commissions, payroll taxes, and other benefits associated with employees working on the product. Manufacturing Overhead Manufacturing overhead refers to general costs associated with running a business, such as equipment repairs and maintenance, plant rent, or utilities used during production. These costs are also included in the cost of goods sold calculation. Selling Expenses Selling expenses refer to advertising and selling activities associated with selling a product. This includes things like marketing campaigns, transportation costs related to selling the product, and any commissions paid to sales representatives or agents who help with sales efforts. What Cost Of Goods Sold Does NOT Include COGS excludes four key components: research and development costs, general and administrative expenses, non-manufacturing overhead, and income taxes. Let’s examine each of these components in more detail. Research And Development Costs Research and development costs refer to the costs associated with researching new products or processes. These costs are not included in the COGS calculation since they do not directly relate to the production of a product. General And Administrative Expenses General and administrative expenses are those related to running a business, such as office rent or professional services, such as legal fees or accounting services. These expenses are considered separate from COGS. Non-Manufacturing Overhead Non-manufacturing overhead refers to expenses associated with running a business that do not directly relate to production activities, such as marketing campaigns or travel expenses for sales representatives. These costs are excluded from the cost of goods sold calculation. Income Taxes Income taxes are considered expense items that are not included in the cost of goods sold calculation, as they have already been accounted for in gross profit when determining net income. What is a Cost of Goods Sold Example? COGS is an important metric to help business owners assess the profitability of their operations. To understand this concept better, let’s look at a simple COGS example. A small business starts the fiscal year with 500 units of inventory at a cost of $4.50 each, for a total beginning inventory of $2,250. During the fiscal year, they purchase 1,500 additional units at a cost of $5 each, for a total purchase expenditure of $7,500. At the end of the fiscal year, their remaining inventory is 400 units at a cost of $5 each, bringing their total closing inventory to $2,000. Using the formula above, we can calculate that the Cost Of Goods Sold (COGS) during this period is: COGS = $2,250 + $7,500 – $2,000 = $7,750 Pros of COGS COGS has many advantages that make it the ideal choice for many businesses. Here are five of the biggest pros of COGS: Easier Inventory Management: Tracking COGS helps businesses keep a better inventory of the goods they have in stock, as well as how much they cost. This makes it easier to adjust production and sales numbers accordingly. Accurate Financial Planning: By calculating the cost of goods sold, companies can better plan their finances. This calculation considers the expenses related to acquiring materials, manufacturing products, and selling them. Better Cash Flow Management: Keeping track of COGS helps companies manage their cash flow more effectively by providing a clear picture of how much money is being spent on inventory costs, production costs, and sales expenses. Reduced Risk of Losses: Knowing exactly how much money is going into purchasing materials, producing goods, and selling them gives companies a better idea of what potential losses could be in different scenarios. This can help businesses reduce risk and make better strategic decisions. More Efficient Internal Control System: Tracking COGS provides companies with greater internal control over their operations by allowing them to monitor expenditures closely and make sure that the costs associated with producing and selling goods remain within acceptable levels. Cons of COGS While COGS offers many advantages to businesses, there are a few potential drawbacks. Here are three of the cons of using COGS: Complexity: Setting up and maintaining a system for tracking costs can be complex and time-consuming. High Initial Setup Costs: There can be a significant upfront investment in both hardware and software that is needed to track costs with COGS. Disconnect from Actual Performance: As COGS track operational costs only, they do not provide an indicator of overall performance or customer satisfaction. Pros of COGSCons of COGS Easier Inventory Management: Tracking COGS helps businesses keep a better inventory of the goods they have in stock, as well as how much they cost. This makes it easier to adjust production and sales numbers accordingly.Complexity: Setting up and maintaining a system for tracking costs can be complex and time-consuming. Accurate Financial Planning: Calculating cost of goods sold allows companies to plan their finances more accurately by taking into account the costs associated with purchasing materials, producing goods, and selling them.High Initial Setup Costs: There can be a significant upfront investment in both hardware and software that is needed to track costs with COGS. Better Cash Flow Management: Keeping track of COGS helps companies manage their cash flow more effectively by providing a clear picture of how much money is being spent on inventory costs, production costs, and sales expenses.Disconnect from Actual Performance: As COGS track operational costs only, they do not provide an indicator of overall performance or customer satisfaction. Reduced Risk of Losses: Knowing exactly how much money is going into purchasing materials, producing goods, and selling them gives companies a better idea of what potential losses could be in different scenarios. This can help businesses reduce risk and make better strategic decisions. More Efficient Internal Control System: Tracking COGS provides companies with greater internal control over their operations by allowing them to monitor expenditures closely and make sure that the costs associated with producing and selling goods remain within acceptable levels. Cost of Goods Sold Accounting Methods COGS accounting methods refer to the various ways in which businesses can account for their costs. Here are five different accounting methods to consider: Operating Expenses vs. COGS Operating expenses are those costs related to running a business, such as salaries and rent, while COGS refers only to the costs incurred in producing goods or services that are sold directly to customers. FIFO FIFO stands for First In, First Out and is an accounting method whereby inventory items purchased first are assumed to be sold first. This method is most accurate when pricing products remains relatively stable over time. Special Identification The Special Identification method is utilized when it is essential to monitor the sale of a particular item or a specific group of items from the inventory. This technique enables businesses to document the precise prices at which each item was sold. Average Cost Average Cost assigns an average cost per unit based on all the purchases made during a given period of time. It simplifies accounting for relatively low-cost items and makes calculating sales revenue easier. LIFO LIFO stands for Last In, First Out and assumes that inventories purchased last should be recorded as being sold first. This approach can be beneficial under certain circumstances, but it can also create discrepancies between actual profits and taxes owed due to inflation. MethodDescriptionProsCons Operating ExpensesCosts related to running a business, such as salaries and rent.Provides a full view of the operational expenses required to run the business.Does not specifically consider the costs associated directly with producing the goods or services sold. COGSCosts incurred in producing goods or services that are sold directly to customers.Provides a clear view of the costs directly associated with producing the goods or services sold.May not provide a full picture of the costs to run the business overall. FIFO (First In, First Out)An accounting method whereby inventory items purchased first are assumed to be sold first.Most accurate when pricing products remains relatively stable over time.Can overstate profit if prices are rising because it assumes cheaper older inventory is being sold first. Special IdentificationUsed when it's important to track the sale of a specific item or group of items from the inventory.Allows businesses to record the exact prices at which each item was sold.It is labor-intensive and more complex than other methods. Average CostAssigns an average cost per unit based on all the purchases made during a given period of time.Simplifies accounting for relatively low-cost items and makes calculating sales revenue easier.May not accurately reflect cost of items if there are wide price fluctuations within the period. LIFO (Last In, First Out)Assumes that inventories purchased last should be recorded as being sold first.Can reduce income taxes in periods of inflation because it assumes more expensive newer inventory is being sold first.It can create discrepancies between actual profits and taxes owed due to inflation, and may not accurately reflect physical flow of inventory. Strategies for Optimizing Cost of Goods Sold (COGS) Optimizing the Cost of Goods Sold (COGS) is crucial for improving a business’s profitability and efficiency. Here are several strategies that businesses can implement to effectively manage and reduce their COGS: Efficient Inventory Management Just-In-Time Inventory: Adopt a just-in-time inventory system to reduce holding costs. This approach ensures that materials are purchased and received only as they are needed in the production process, minimizing storage expenses. Regular Inventory Audits: Conduct regular inventory audits to prevent overstocking and obsolescence. Efficient inventory tracking can help identify slow-moving items that tie up capital. Streamlining Production Processes Lean Manufacturing: Implement lean manufacturing principles to eliminate waste in the production process. Streamlining operations can reduce unnecessary labor and resource costs. Process Automation: Invest in automation where feasible. Automation can lead to more consistent production quality and lower labor costs in the long term. Strategic Sourcing and Purchasing Bulk Purchasing: Consider bulk purchasing for raw materials to take advantage of volume discounts. However, balance this with the risk of overstocking. Supplier Negotiations: Regularly negotiate with suppliers for better pricing or payment terms. Building strong relationships with suppliers can also lead to cost savings. Product Design Optimization Cost-Effective Materials: Evaluate if less expensive materials can be used without compromising product quality. Sometimes, minor adjustments in design can significantly reduce costs. Product Design Efficiency: Design products for ease of manufacturing. Simplifying the design can reduce production time and material wastage. Quality Control Improvements Reduce Defects and Waste: Implement quality control systems to minimize defects and rework. Reducing errors in production can save both materials and labor costs. Continuous Improvement Culture: Foster a culture of continuous improvement that inspires employees to pinpoint inefficiencies and propose methods for lowering costs. Outsourcing Non-Core Activities Contract Manufacturing: For certain businesses, outsourcing production to contract manufacturers can be more economical than handling it in-house, particularly for specialized or low-volume products. Outsource Peripheral Activities: Consider outsourcing peripheral activities like packaging or logistics if they can be done more efficiently by third-party providers. Energy and Utility Management Energy-Efficient Practices: Adopt energy-efficient practices in production facilities. Reducing energy consumption can lower utility bills significantly. Training and Workforce Management Employee Training: Invest in employee training to improve labor efficiency. Skilled workers can produce more in less time and with fewer mistakes. Cross-Training: Cross-train employees to handle multiple job roles, especially in areas with fluctuating workloads. This flexibility can reduce labor costs by aligning the workforce with production needs. Final Words Understanding what COGS is and how to calculate it can be an essential part of being a successful business owner. Having an understanding of the basics of a balance sheet, cost accounting, tax brackets, and payroll compliance, as well as business abbreviations and acronyms is also vital for companies to be able to create a business budget that will help make them more profitable. Understanding how to hire a business accountant, avoid common accounting mistakes, ways of increasing your profit margin with available tax deductions, and ensure accuracy in your calculations is important as well. With the right level of knowledge about COGS and other related topics, you will be able to make sure that your business runs smoothly. Is cost of goods sold an expense? Yes, cost of goods sold is an expense. It refers to the costs associated with products or services that have been sold to customers. This includes direct production costs, such as raw materials, as well as indirect costs, such as labor and overhead costs related to manufacturing and distribution. Is cost of goods sold an asset? No, cost of goods sold is not an asset. It is an expense and is reported on the income statement as part of the cost of sales. COGS represents the cost of the inventory that has been sold during a period and thus reduces a company’s profits. Is cost of goods sold a debit or credit? Cost of goods sold is a debit in the accounting journal entries. It typically reduces the inventory account and increases the cost of goods sold expense account. What is beginning inventory in relation to COGS? Beginning inventory is the cost value of the merchandise or goods that a business had on hand at the beginning of a period. Beginning inventory is important to calculate COGS, as it must be subtracted from ending inventory to arrive at COGS. What is cost of sales vs cost of goods sold? Cost of sales and cost of goods sold (COGS) are both measures of the total cost associated with the production and sale of goods. Cost of sales is calculated by adding the beginning inventory to purchases and then subtracting the ending inventory. Cost of goods sold is calculated by subtracting the ending inventory from the beginning inventory. Are Salaries Included in COGS? Salaries are not typically included in COGS and only include the costs associated with all products or services sold by the business during a period, such as raw materials, labor for production, and freight charges. How Does Inventory Affect COGS? If a business has more inventory on hand, the COGS will be higher. Conversely, if there is less inventory available, the COGS will be lower. Changes in the prices of raw materials and labor can also affect the overall COGS. Image: Envato Elements This article, "What is Cost of Goods Sold and How to Calculate It" was first published on Small Business Trends View the full article

Understanding the cost of goods sold (COGS) is essential for businesses. It plays a significant role in decisions related to inventory, pricing, and more. But what does it really mean? This article explains what COGS is, how to calculate it, and other important information you should be aware of. What is Cost of Goods Sold? Cost of Goods Sold (COGS) is a critical financial metric for businesses. It directly reflects the cost of producing the goods or services a company sells. Here is an expanded explanation: Definition: The cost of goods sold (COGS) refers to the direct expenses incurred in the production of goods that a company sells. This encompasses the costs of materials and direct labor required for production. For retailers or distributors, COGS generally represents the total amount spent on the merchandise sold during a given period. Importance in Pricing and Inventory Levels: By understanding the cost to produce each unit sold, businesses can accurately price their goods to ensure they’re profitable. COGS also helps in maintaining optimal inventory levels. By tracking the costs associated with each product, businesses can decide which items to stock more or less of based on their profitability. Role in Determining Gross Margin: Gross margin is the revenue a company makes after deducting the COGS from its total revenue. It’s a key profitability metric that investors and analysts use to compare a company’s efficiency with its competitors. Relevance in Financial Performance: Understanding the cost of goods sold (COGS) and accurately calculating it for a specific accounting period helps businesses gain insights into their overall financial performance. An increase in COGS may suggest the need to seek more affordable suppliers or enhance operational efficiencies. Conversely, a decrease in COGS could indicate improved efficiency or the use of less expensive materials. Inclusion in Income Statements: COGS is typically reported in a company’s income statement. It’s deducted from the company’s gross revenue to determine its gross profit. To sum up, COGS is an important aspect of financial reporting and operational efficiency. It directly impacts a company’s bottom line and overall financial health. Thus, businesses must accurately calculate and closely monitor their COGS. Direct Costs Vs. Indirect Costs Direct costs and indirect costs are two fundamental types of expenses that businesses encounter. They serve different purposes and are accounted for in different ways in financial reporting. Let’s delve deeper: Direct Costs Definition: A direct cost is an expense that a business can specifically attribute to the manufacturing or production of goods or services. They are often variable costs, changing based on the level of production. Examples: Materials used in production and direct labor (wages for the employees who directly contribute to the production of goods) are common examples of direct costs. For instance, in a car manufacturing company, the cost of steel and wages for assembly line workers would be considered direct costs. Tracking and Accounting: Direct costs can be accurately traced and assigned to the production of specific goods or services. In financial statements, they are often included as part of the Cost of Goods Sold (COGS). Indirect Costs Definition: Indirect costs are the overhead expenses that are not directly tied to the production of a specific good or service. These costs are generally fixed and are incurred irrespective of the level of production. Examples: Rent, utilities, administrative salaries, and advertising costs are examples of indirect costs. For instance, in the same car manufacturing company, the electricity bills for the office building and the salary of the CEO would be considered indirect costs. Tracking and Accounting: Because they cannot be directly linked to any one product, indirect costs are distributed across all units produced. These costs often show up on the income statement under operating expenses. Understanding the difference between direct and indirect costs is crucial for businesses as it allows them to: Calculate Gross Profit: Gross profit is calculated by subtracting direct costs (COGS) from revenue. Determine Overhead Rate: Overhead rate, which is used to apply indirect costs to products, is determined based on total indirect costs. Price Products Accurately: By comprehending both direct and indirect costs, businesses can set their product prices accurately to guarantee profitability. Manage Costs: Recognizing which costs are direct and which are indirect can help a business identify areas where costs can be managed more effectively. How to Calculate Cost of Goods Sold COGS can provide a deeper understanding of the business’s profitability as well as help to identify areas where cost control can be improved upon. It can be calculated easily by following these steps: Calculate the opening inventory To calculate the opening inventory, simply add up the cost of any goods that were in stock at the start of your chosen period. Add up total purchases The total purchases are all the costs associated with buying goods during your chosen period, such as purchase price, freight costs, and other related expenses. Subtract closing inventory The closing inventory refers to any goods still in stock at the end of your chosen period. You need to subtract this number from your opening inventory and total purchases to get your COGS figure. Cost of Goods Sold Formula Cost Of Goods Sold = Opening Inventory + Purchases – Closing Inventory What COGS Includes COGS is an important concept in accounting firms and finance and includes four major components – direct materials, direct labor, manufacturing overhead, and selling expenses. Let’s take a look at each of these components in more detail. Direct Materials Direct materials are the raw materials used to make a product. They can include items such as lumber for furniture, leather for shoes, or fabric for clothing. The fixed costs associated with these items are considered part of the cost of goods sold. Direct Labor Direct labor refers to the time and resources needed to manufacture a product. This may include direct labor costs like employee wages or commissions, payroll taxes, and other benefits associated with employees working on the product. Manufacturing Overhead Manufacturing overhead refers to general costs associated with running a business, such as equipment repairs and maintenance, plant rent, or utilities used during production. These costs are also included in the cost of goods sold calculation. Selling Expenses Selling expenses refer to advertising and selling activities associated with selling a product. This includes things like marketing campaigns, transportation costs related to selling the product, and any commissions paid to sales representatives or agents who help with sales efforts. What Cost Of Goods Sold Does NOT Include COGS excludes four key components: research and development costs, general and administrative expenses, non-manufacturing overhead, and income taxes. Let’s examine each of these components in more detail. Research And Development Costs Research and development costs refer to the costs associated with researching new products or processes. These costs are not included in the COGS calculation since they do not directly relate to the production of a product. General And Administrative Expenses General and administrative expenses are those related to running a business, such as office rent or professional services, such as legal fees or accounting services. These expenses are considered separate from COGS. Non-Manufacturing Overhead Non-manufacturing overhead refers to expenses associated with running a business that do not directly relate to production activities, such as marketing campaigns or travel expenses for sales representatives. These costs are excluded from the cost of goods sold calculation. Income Taxes Income taxes are considered expense items that are not included in the cost of goods sold calculation, as they have already been accounted for in gross profit when determining net income. What is a Cost of Goods Sold Example? COGS is an important metric to help business owners assess the profitability of their operations. To understand this concept better, let’s look at a simple COGS example. A small business starts the fiscal year with 500 units of inventory at a cost of $4.50 each, for a total beginning inventory of $2,250. During the fiscal year, they purchase 1,500 additional units at a cost of $5 each, for a total purchase expenditure of $7,500. At the end of the fiscal year, their remaining inventory is 400 units at a cost of $5 each, bringing their total closing inventory to $2,000. Using the formula above, we can calculate that the Cost Of Goods Sold (COGS) during this period is: COGS = $2,250 + $7,500 – $2,000 = $7,750 Pros of COGS COGS has many advantages that make it the ideal choice for many businesses. Here are five of the biggest pros of COGS: Easier Inventory Management: Tracking COGS helps businesses keep a better inventory of the goods they have in stock, as well as how much they cost. This makes it easier to adjust production and sales numbers accordingly. Accurate Financial Planning: By calculating the cost of goods sold, companies can better plan their finances. This calculation considers the expenses related to acquiring materials, manufacturing products, and selling them. Better Cash Flow Management: Keeping track of COGS helps companies manage their cash flow more effectively by providing a clear picture of how much money is being spent on inventory costs, production costs, and sales expenses. Reduced Risk of Losses: Knowing exactly how much money is going into purchasing materials, producing goods, and selling them gives companies a better idea of what potential losses could be in different scenarios. This can help businesses reduce risk and make better strategic decisions. More Efficient Internal Control System: Tracking COGS provides companies with greater internal control over their operations by allowing them to monitor expenditures closely and make sure that the costs associated with producing and selling goods remain within acceptable levels. Cons of COGS While COGS offers many advantages to businesses, there are a few potential drawbacks. Here are three of the cons of using COGS: Complexity: Setting up and maintaining a system for tracking costs can be complex and time-consuming. High Initial Setup Costs: There can be a significant upfront investment in both hardware and software that is needed to track costs with COGS. Disconnect from Actual Performance: As COGS track operational costs only, they do not provide an indicator of overall performance or customer satisfaction. Pros of COGSCons of COGS Easier Inventory Management: Tracking COGS helps businesses keep a better inventory of the goods they have in stock, as well as how much they cost. This makes it easier to adjust production and sales numbers accordingly.Complexity: Setting up and maintaining a system for tracking costs can be complex and time-consuming. Accurate Financial Planning: Calculating cost of goods sold allows companies to plan their finances more accurately by taking into account the costs associated with purchasing materials, producing goods, and selling them.High Initial Setup Costs: There can be a significant upfront investment in both hardware and software that is needed to track costs with COGS. Better Cash Flow Management: Keeping track of COGS helps companies manage their cash flow more effectively by providing a clear picture of how much money is being spent on inventory costs, production costs, and sales expenses.Disconnect from Actual Performance: As COGS track operational costs only, they do not provide an indicator of overall performance or customer satisfaction. Reduced Risk of Losses: Knowing exactly how much money is going into purchasing materials, producing goods, and selling them gives companies a better idea of what potential losses could be in different scenarios. This can help businesses reduce risk and make better strategic decisions. More Efficient Internal Control System: Tracking COGS provides companies with greater internal control over their operations by allowing them to monitor expenditures closely and make sure that the costs associated with producing and selling goods remain within acceptable levels. Cost of Goods Sold Accounting Methods COGS accounting methods refer to the various ways in which businesses can account for their costs. Here are five different accounting methods to consider: Operating Expenses vs. COGS Operating expenses are those costs related to running a business, such as salaries and rent, while COGS refers only to the costs incurred in producing goods or services that are sold directly to customers. FIFO FIFO stands for First In, First Out and is an accounting method whereby inventory items purchased first are assumed to be sold first. This method is most accurate when pricing products remains relatively stable over time. Special Identification The Special Identification method is utilized when it is essential to monitor the sale of a particular item or a specific group of items from the inventory. This technique enables businesses to document the precise prices at which each item was sold. Average Cost Average Cost assigns an average cost per unit based on all the purchases made during a given period of time. It simplifies accounting for relatively low-cost items and makes calculating sales revenue easier. LIFO LIFO stands for Last In, First Out and assumes that inventories purchased last should be recorded as being sold first. This approach can be beneficial under certain circumstances, but it can also create discrepancies between actual profits and taxes owed due to inflation. MethodDescriptionProsCons Operating ExpensesCosts related to running a business, such as salaries and rent.Provides a full view of the operational expenses required to run the business.Does not specifically consider the costs associated directly with producing the goods or services sold. COGSCosts incurred in producing goods or services that are sold directly to customers.Provides a clear view of the costs directly associated with producing the goods or services sold.May not provide a full picture of the costs to run the business overall. FIFO (First In, First Out)An accounting method whereby inventory items purchased first are assumed to be sold first.Most accurate when pricing products remains relatively stable over time.Can overstate profit if prices are rising because it assumes cheaper older inventory is being sold first. Special IdentificationUsed when it's important to track the sale of a specific item or group of items from the inventory.Allows businesses to record the exact prices at which each item was sold.It is labor-intensive and more complex than other methods. Average CostAssigns an average cost per unit based on all the purchases made during a given period of time.Simplifies accounting for relatively low-cost items and makes calculating sales revenue easier.May not accurately reflect cost of items if there are wide price fluctuations within the period. LIFO (Last In, First Out)Assumes that inventories purchased last should be recorded as being sold first.Can reduce income taxes in periods of inflation because it assumes more expensive newer inventory is being sold first.It can create discrepancies between actual profits and taxes owed due to inflation, and may not accurately reflect physical flow of inventory. Strategies for Optimizing Cost of Goods Sold (COGS) Optimizing the Cost of Goods Sold (COGS) is crucial for improving a business’s profitability and efficiency. Here are several strategies that businesses can implement to effectively manage and reduce their COGS: Efficient Inventory Management Just-In-Time Inventory: Adopt a just-in-time inventory system to reduce holding costs. This approach ensures that materials are purchased and received only as they are needed in the production process, minimizing storage expenses. Regular Inventory Audits: Conduct regular inventory audits to prevent overstocking and obsolescence. Efficient inventory tracking can help identify slow-moving items that tie up capital. Streamlining Production Processes Lean Manufacturing: Implement lean manufacturing principles to eliminate waste in the production process. Streamlining operations can reduce unnecessary labor and resource costs. Process Automation: Invest in automation where feasible. Automation can lead to more consistent production quality and lower labor costs in the long term. Strategic Sourcing and Purchasing Bulk Purchasing: Consider bulk purchasing for raw materials to take advantage of volume discounts. However, balance this with the risk of overstocking. Supplier Negotiations: Regularly negotiate with suppliers for better pricing or payment terms. Building strong relationships with suppliers can also lead to cost savings. Product Design Optimization Cost-Effective Materials: Evaluate if less expensive materials can be used without compromising product quality. Sometimes, minor adjustments in design can significantly reduce costs. Product Design Efficiency: Design products for ease of manufacturing. Simplifying the design can reduce production time and material wastage. Quality Control Improvements Reduce Defects and Waste: Implement quality control systems to minimize defects and rework. Reducing errors in production can save both materials and labor costs. Continuous Improvement Culture: Foster a culture of continuous improvement that inspires employees to pinpoint inefficiencies and propose methods for lowering costs. Outsourcing Non-Core Activities Contract Manufacturing: For certain businesses, outsourcing production to contract manufacturers can be more economical than handling it in-house, particularly for specialized or low-volume products. Outsource Peripheral Activities: Consider outsourcing peripheral activities like packaging or logistics if they can be done more efficiently by third-party providers. Energy and Utility Management Energy-Efficient Practices: Adopt energy-efficient practices in production facilities. Reducing energy consumption can lower utility bills significantly. Training and Workforce Management Employee Training: Invest in employee training to improve labor efficiency. Skilled workers can produce more in less time and with fewer mistakes. Cross-Training: Cross-train employees to handle multiple job roles, especially in areas with fluctuating workloads. This flexibility can reduce labor costs by aligning the workforce with production needs. Final Words Understanding what COGS is and how to calculate it can be an essential part of being a successful business owner. Having an understanding of the basics of a balance sheet, cost accounting, tax brackets, and payroll compliance, as well as business abbreviations and acronyms is also vital for companies to be able to create a business budget that will help make them more profitable. Understanding how to hire a business accountant, avoid common accounting mistakes, ways of increasing your profit margin with available tax deductions, and ensure accuracy in your calculations is important as well. With the right level of knowledge about COGS and other related topics, you will be able to make sure that your business runs smoothly. Is cost of goods sold an expense? Yes, cost of goods sold is an expense. It refers to the costs associated with products or services that have been sold to customers. This includes direct production costs, such as raw materials, as well as indirect costs, such as labor and overhead costs related to manufacturing and distribution. Is cost of goods sold an asset? No, cost of goods sold is not an asset. It is an expense and is reported on the income statement as part of the cost of sales. COGS represents the cost of the inventory that has been sold during a period and thus reduces a company’s profits. Is cost of goods sold a debit or credit? Cost of goods sold is a debit in the accounting journal entries. It typically reduces the inventory account and increases the cost of goods sold expense account. What is beginning inventory in relation to COGS? Beginning inventory is the cost value of the merchandise or goods that a business had on hand at the beginning of a period. Beginning inventory is important to calculate COGS, as it must be subtracted from ending inventory to arrive at COGS. What is cost of sales vs cost of goods sold? Cost of sales and cost of goods sold (COGS) are both measures of the total cost associated with the production and sale of goods. Cost of sales is calculated by adding the beginning inventory to purchases and then subtracting the ending inventory. Cost of goods sold is calculated by subtracting the ending inventory from the beginning inventory. Are Salaries Included in COGS? Salaries are not typically included in COGS and only include the costs associated with all products or services sold by the business during a period, such as raw materials, labor for production, and freight charges. How Does Inventory Affect COGS? If a business has more inventory on hand, the COGS will be higher. Conversely, if there is less inventory available, the COGS will be lower. Changes in the prices of raw materials and labor can also affect the overall COGS. Image: Envato Elements This article, "What is Cost of Goods Sold and How to Calculate It" was first published on Small Business Trends View the full article

Imagine, just for a second, that Post Malone and Shane Gillis are your neighbors—not in a now-you’re-rich-and-live-among-pop-stars-and-comedy-elite way, just your average suburban cul-de-sac situation. This is what Bud Light has been asking of us in its recent Super Bowl ad teasers. In one, we see Post and Gillis through a doorbell cam. In another, Gillis is outlining the rules of actually drinking in a beer ad (no bueno). These were mere sips of what was to come. Today, Bud Light decided to jam a proverbial screwdriver into the side of the can and let the world shotgun its full big game ad ahead of time. Now we know what the tucked golf shirts and jorts hype was all about. Bud Light has turned Malone and Gillis into BMOCs—“Big Men on Cul-De-Sac,” the neighbors responsible for boosting a party. Here, they come to the aid of a needy neighbor by sending out invites, bringing over the lawn-cutting smoker, as well as the biggest cooler I’ve ever seen since that Yeti x Liquid Death casket. Even Peyton Manning takes a break from FanDuel’s “Kick of Destiny” to hang out. Todd Allen, Bud Light’s senior vice president of marketing, says you’d be hard-pressed to find better BMOCs than Malone and Gillis. “Not only are they the most likeable and authentically hilarious guys around, but also longtime fans and partners of Bud Light,” says Allen. “With humor being a staple of Bud Light advertising and the Super Bowl stage, we knew this was the duo that could help us bring to life what I truly believe is one of our funniest spots in years.” https://twitter.com/budlight/status/1883590760273994123 This is Post Malone’s fourth Super Bowl with Bud Light. We’ve taken a peek inside his brain, and seen him with legends. And since he first signed on as a brand partner in 2018, he’s had a limited apparel line and a dive bar concert tour with the brand. Laugh Strategy Gillis signed on with Bud Light a year ago, in the wake of the Dylan Mulvaney fiasco, with a sponsored comedy tour, and then created two hilarious spots for the college football season. If this past year is any indication, the brand should hang on to Gillis and his comedy partner John McKeever for as long as it can. Not only have the spots been hilarious, Gillis’s team is clearly capable of more. The comedian broke down the process behind his recent Notre Dame ad for Under Armour, which he told Pat McAfee was made in just a couple of days. This is what Ryan Reynolds would call “fastvertising,” in its ability to deliver entertaining ads that tap into culture here and now. Allen says fans made it clear they loved the Gillis partnership. “It was a no-brainer for us to keep the momentum going and continue to lean into the iconic humor fans expect from us,” he says. “There’s absolutely no bigger stage to deliver a laugh than Super Bowl, and when you combine a comedic powerhouse like Shane with Bud Light, I think we have a winning formula.” Bud Light sales have not rebounded since the Mulvaney controversy, in which a small promotion with the trans influencer in early 2023 became a lightning rod for “anti-woke” right wing media. Since then, the brand has leaned harder into humor, as well as sports and music sponsorships. https://twitter.com/budlight/status/1882428502487838849 The brand is navigating an overall slowing down of beer sales, thanks to factors that include the growing popularity of ready-to-drink cocktails. It’s also in direct competition with sibling brands. AB InBev has ramped up its marketing and advertising behind Michelob Ultra in the past few years, and that’s helped it outpace Bud Light sales. In this Super Bowl alone, Bud Light is up against fellow AB brands Budweiser, Stella Artois, and Michelob Ultra. With a decrease in craft beer sales, light beer brands like the Kelce brothers-backed Garage Beer see opportunity. But for Bud Light, it’s an ideal time to invest in its brand like this to stoke and deepen its fandom. “We’re staying laser-focused on bringing the best of what fans expect from us—leaning into our iconic humor and staying consistent in how we show up through our mega-platforms throughout the year, like UFC, NFL, college sports, country music and more,” says Allen. “This spot is centered in this objective, focusing on putting fans first, leaning into humor, showcasing epic talent and cementing our role in a relatable setting—the neighborhood.” It’s not quite as epic as the Bud Knight in Westeros, but it may still get you to grab your jorts, pull up your socks, and go find the cooler. View the full article

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Capital One has launched an AI agent designed to help consumers with one of the most frustrating, time-consuming processes in life: buying a car. The banking giant’s Chat Concierge provides information, makes decisions, and takes action using multiple AI agents. Mimicking human reasoning, the product aims to assist consumers in all aspects of the research process involved in making a car purchase, from comparing vehicles to scheduling test drives. “Buying a car is a stressful experience,” says Prem Natarajan, EVP, chief scientist, and head of enterprise AI at Capital One. “The possibility that we can make this really important purchase for people a frictionless experience, a more satisfying experience, a more easy experience is important.” The company is a major provider of auto loans, and already offers Dealer Navigator, a platform that provides car buyers and dealers with resources for the research, sale, and financing processes. Capital One’s new agent comes amid a wave of buzz around agentic AI, with many experts calling it “the way of the future.” Agentic AI can be “magical” for users because it shifts the purpose of artificial intelligence from being a general tool to performing specialized tasks, Natarajan says. In recent weeks, Google and OpenAI have announced their own agentic features that can browse the web and perform tasks on behalf of users. Instacart also recently announced that it would integrate agentic AI to create grocery lists and place orders on customers’ behalf. “Our journey into agentic AI started before it was being talked about,” Natarajan says. “The only way you’re part of any trend is if you were in the early part of shaping it.” [Image: Capital One] The Chat Concierge, which users will find on participating dealers’ websites, orchestrates task completion among multiple specialized AI agents. Capital One will scale up the feature nationwide throughout the year. Customers who walk into a car dealership with lots of questions often can’t find one employee who is able to address all of them. If a customer goes the online route, a typical chatbot will likely take their name and phone number and say that someone will get back to them. Sanjiv Yajnik, president of financial services at Capital One, says Chat Concierge is different because it starts conversing with a customer immediately about any question they might have. In a single conversation, the agent can perform tasks like estimating the value of a trade-in and scheduling appointments with salespeople. “It can look at the inventory and answer a whole bunch of questions,” says Yajnik. For example, if a user tells Chat Concierge that they want a “cheaper” car, the system understands what cheaper means, what to compare it to, and what to offer the user. Chat Concierge uses Meta’s Llama AI as a base, but it’s not out of the box—Capital One has customized the model with its own data. Natarajan and Yajnik say they hope that this system will allow people to enjoy the car-buying process that many find overwhelming. The main goal of Chat Concierge is shifting some of the “cognitive burden” of the job from humans to AI, Natarajan says. And if Capital One’s agent helps more people buy vehicles—well, that will presumably be good for the company’s loan business. View the full article

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