Small Business

CNBC’s “College Voices 2020” is a series written by CNBC fall interns from universities across the country about coming of age, getting their college education and launching their careers during these extraordinary times. Danial Khan is a student from UC Berkeley studying electrical engineering & computer science as well as industrial engineering & operations research.

Sen. Mitt Romney, R-Utah, told CNBC that he is “not surprised” upon hearing news of Attorney General William Barr’s resignation from the Justice Department.  “It was clear that being part of the [Trump] administration was a challenging responsibility for him, to say the least,” Romney said. “I’m not surprised that he could no longer associate

Charday Penn | E+ | Getty Images Small business owners with battered finances might be in line for additional funding from the Paycheck Protection Program. On Wednesday, lawmakers from both sides of the aisle circulated a summary of their $908 billion emergency Covid relief package. The proposal sets aside $300 billion for the Small Business

Shoppers hold hands at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters Almost 40% of Americans plan to spend less on gifts this holiday season than they did last year, the largest such percentage since 2013, according to the CNBC All-America Economic Survey. Just 11% plan to

The pandemic has battered small businesses in New York City, and among those struggling are nearly 20,000 street vendors that have lost 70% to 90% of their earnings, according to a survey conducted in June and September. With these small businesses that are such a vital part of New York City barely surviving, Morgan Stanley

Latino business owners operate in sectors hit hard by Covid-19 and are less likely to receive PPP loans than White entrepreneurs, but Hispanic business formation and revenue was growing before the pandemic and can recover with the right public policy and financial support. Getty Images Often hailed for higher-than-average rates of entrepreneurialism and new business

Kevin O’Leary on Monday ripped the patchwork approach to coronavirus restrictions across the U.S., saying locale-by-locale variation puts a significant burden on business operators. Appearing on CNBC’s “Squawk Box,” the “Shark Tank” investor acknowledged there is a need for policies to curb the spread of Covid-19. “My question is very simple: Who decides? Is it at the

Juanmonino | E+ | Getty Images It’s going to take more than a second draw from the Paycheck Protection Program to get the most vulnerable small businesses through the winter, tax professionals sa Congress is back to hashing out new relief measures this week. House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer,

Sen. Angus King (I-Maine) holds a chart as bipartisan members of the Senate and House gather to announce a framework for fresh coronavirus relief legislation at a news conference on Capitol Hill on Dec. 1, 2020. Kevin Lemarque | Reuters Main Street has been clamoring for a new round of federal relief, with 83% of

U.S. President-elect Joe Biden speaks about the U.S. economy following a briefing with economic advisers in Wilmington, Delaware, November 16, 2020. Kevin Lemarque | Reuters Main Street confidence dropped again this quarter — the second setback this year and also only the second substantial decrease in the nearly four years since the start of the

The most-searched term on e-commerce site Etsy this year is “personalized gifts,” CEO Josh Silverman told CNBC on Monday. It is even more popular than queries for masks, a category that was virtually nonexistent on Etsy this year before the coronavirus pandemic caused a boom in sales, Silverman said in a “Closing Bell” interview. In

A survey of small business owners across the U.S. finds confidence dropping to an all-time low after Biden’s election victory with fears that taxes will go up and regulations become more onerous. Boston Globe | Boston Globe | Getty Images Small business confidence has fallen to an all-time low after the election of former Vice

Customer Tamara Jenkins tries on a hat with Meeka Robinson Davis, owner of One-Of-A-Kind Hats, as Davis’ daughter Chrstiana Davis looks on, at the store in the Windsor Hills neighborhood of Los Angeles, California, November 24, 2020. Patrick T. Fallon | AFP | Getty Images Holiday shoppers are not only seeking low prices and unique

A stretch of stores along the base of Munjoy Hill had open signs out and were ready for business as part of small business Saturday, November 28, 2015. Gabe Souza | Portland Press Herald | Getty Images As holiday shopping gets into gear this weekend, its uncertain how Small Business Saturday on Nov. 28 will

Luis Alvarez | DigitalVision | Getty Images Whether 2021 will bring higher taxes for small-business owners may depend on the outcomes of the two Georgia Senate races that will be decided in January. Indeed, two contests in the Peach State are heading to runoff at the start of 2021. Those races are between GOP Sen.

Vials of coronavirus disease (COVID-19) vaccine candidate BNT162b2 are sorted at a Pfizer facility in Puurs, Belgium in an undated still image from video. Pfizer | Reuters So-Low Environmental Equipment, a maker of ultra-cold freezers, is seeing a surge in demand for its products in anticipation of coronavirus vaccine distribution, leading to an inventory backlog

Henrique Dubugras, founder and chief executive office of Brex Inc., speaks during the Bridge Forum conference in San Francisco, California, U.S., on Wednesday, April 17, 2019. David Paul Morris | Bloomberg | Getty Images The coronavirus pandemic should’ve meant disaster for Brex, the high-flying Silicon Valley start-up that lends to thousands of other start-ups. Founded

CNBC’s Jim Cramer on Wednesday ripped Congress and President Donald Trump‘s administration for their inability to strike a deal on additional coronavirus relief this fall, contending the lack of fiscal support has caused permanent damage to small and medium-sized businesses across the U.S. “I really hate to say this, but I think that Congress has

LeoPatrizi The IRS has signaled it will bless a workaround that allows small-business owners to skirt the $10,000 cap on state and local income tax deductions. Ever since the Tax Cuts and Jobs Act took effect in 2018, high-tax states have sought ways to help individual taxpayers who itemize on their returns deal with the

Klaus Fedfelt | Getty Images The coronavirus has pushed thousands of businesses to the edge, but there may be a ray of hope for cash-strapped firms. Businesses laid low by the pandemic and community lockdowns need money now, and one of the best ways to get it is by taking advantage of very favorable rule