SMEs looking to secure public sector work should focus on building relationships with government agencies through networking and attending procurement events. It is essential to understand the specific requirements and regulations of public sector contracts, ensuring compliance to increase chances of winning bids. Developing a strong track record of successful projects and delivering high-quality services will also improve credibility and reputation in the public sector procurement process.
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Why American Express Stock Flopped on Friday
American Express (NYSE: AXP) experienced a more than 3% drop in stock value on Friday, significantly underperforming the S&P 500's slight decline, following a report from The Wall Street Journal about major U.S. retailers exploring the use of stablecoins in their operations. These cryptocurrencies, pegged to fiat currencies, could threaten American Express's customer base. More Context
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