Small business profits sink as gasoline prices soar

Small business profits are sinking as owners get squeezed by rising labor costs and energy prices spiking from the Iran war.Why it matters: Businesses with fewer than 250 workers created half of all new jobs over the last half-decade.The big picture: Entrepreneurs are dealing with "persistent concerns around labor availability, inflation and uncertainty about the economic outlook," according to a new report from the Bank of America Institute.Zoom in: Small business profitability in April suffere...