Small Business

A driver adjusts his face mask as Uber and Lyft drivers with Rideshare Drivers United and the Transport Workers Union of America conduct a ‘caravan protest’ outside the California Labor Commissioner’s office amidst the coronavirus pandemic on April 16, 2020 in Los Angeles, California. (Photo by Mario Tama/Getty Images) Mario Tama Some gig workers may

A pedestrian wearing a protective mask stands outside a JPMorgan Chase & Co. bank branch in New York, U.S., on Friday, April 10, 2020. Mark Kauzlarich | Bloomberg | Getty Images JPMorgan Chase is warning some customers that even if fresh funds for the federal small business relief program are approved, the money won’t last

House Speaker Nancy Pelosi of Calif. arrives on Capitol Hill, Thursday, April 23, 2020, in Washington. Andrew Harnik | AP The House had the votes to pass a $484 billion package Thursday to bolster small businesses and hospitals ravaged by the coronavirus crisis and expand testing desperately needed to start the return to normal life.

The U.S. Capitol dome is pictured ahead of a vote on the additional funding for the coronavirus stimulus economic relief plan, amid the coronavirus disease (COVID-19) outbreak in Washington, April 21, 2020. Tom Brenner | Reuters The House plans to pass a $484 billion coronavirus relief bill Thursday to replenish a small business aid program,

People are reflected in a closed store window, as the spread of the coronavirus disease (COVID-19) continues, on Main Street near the Breckenridge Ski Resort in Breckenridge, Colorado, U.S., April 13, 2020. Shannon Stapleton | Reuters WASHINGTON — State and local governments are warning of a wave of layoffs and pay cuts after getting left

Jamie Black-Lewis received loans from the Paycheck Protection Program for her two spas, Oasis Medspa & Salon and Amai Day Spa, in Washington state. Many of her 35 employees think they will make more money collecting unemployment benefits than from their regular paychecks. Jamie Black-Lewis Jamie Black-Lewis felt like she won the lottery after getting

Coca-Cola Chairman and CEO James Quincey said Tuesday that easing restrictions on business during the coronavirus pandemic needs to be done with an understanding it may not last.  “We shouldn’t assume that each step forward is permanent necessarily,” Quincey said on CNBC’s “Squawk on the Street.”  People must recognize that the economic restart must be done in

US Senator Chuck Schumer speaks at media briefing with mayor Bill de Blasio on first death related to COVID-19 outbreak in New York CIty at City Hall. Lev Radin | Pacific Press | Getty Images Congress is hashing out the terms for the next package of federal loans for small businesses, even as millions of

Howard Schultz said Tuesday that additional funding for the Paycheck Protection Program is not adequate to help small restaurants survive the coronavirus pandemic.  “What’s needed is not another version of PPP. Again, good intent but it’s the wrong medicine,” the billionaire former Starbucks CEO said on “Squawk Box.”  Rather, Schultz said he believes the government needs to create

Hundreds of millions of dollars of in Paycheck Protection Plan emergency funding has been claimed by large, publicly traded companies, new research published by Morgan Stanley shows. In fact, the U.S. government has allocated at least $243.4 million of the total $349 billion to publicly traded companies, the firm said. The PPP was designed to

As the coronavirus pandemic continues to take its toll on the U.S. economy, a new survey from the National Restaurant Association lays out how dire the situation is for the industry. More than two-thirds of the restaurant workforce, or 8 million employees, have lost their jobs as shelter-in-place orders and mandatory closures have severely impacted

Billionaire entrepreneur Mark Cuban joined CNBC’s “Fast Money” on Monday.  Cuban, owner of the NBA’s Dallas Mavericks, has been vocal during the coronavirus pandemic, arguing for government relief measures that prioritize workers and puts restrictions on stock buybacks.  Cuban last week criticized how some banks were handling the newly created small business loan program, telling CNBC that

The government’s nearly $350 billion loan program for small businesses officially ran out of funds on April 16, even as many American business owners are still struggling to make ends meet or plan for an uncertain future amid the coronavirus pandemic. Congress and the Trump Administration continue to negotiate on adding another $250 billion to

A worker at NYC-based tech company Adafruit makes a face shield during the coronavirus pandemic in 2020. Adafruit.com Across New York City, businesses hardly resemble their pre-pandemic operations. Fashion designers are sewing face masks instead of garments, restaurants have transformed into grocery stores and distilleries are making alcohol that’s too strong to drink. Kings County

filadendron As small businesses sought emergency federal loans, financial advisors not only assisted clients, but also applied for aid to bolster their practices. The Paycheck Protection Program, the $349 billion small-business loan offering, ran out of money on April 16 after being open for close to two weeks. More than 1.6 million businesses were approved

With rooms sitting empty, smaller hotel operators are weighing options to defer debt payments and in some cases, close properties. While the pain caused by disruptions from the coronavirus pandemic is being felt across the travel industry, it is particularly acute for the Indian diaspora in the U.S. Nearly 50% of U.S. hotels are owned

Lawmakers must put politics to the side and agree on a plan to expand the small business rescue loan program by Monday, U.S. Chamber of Commerce CEO Tom Donohue told CNBC on Friday. “We all understand it. We’re coming up on an election,” he said on “Closing Bell.” “If they don’t, nobody’s going to get

Chris Myers, a Baltimore-based photographer, has applied for a PPP loan Chris Myers | Chris Myers Photography Chris Myers applied for a forgivable loan from the federal government. He’s running his business as if the additional lifeline may not be on its way. “I’m just cobbling enough work together to try covering my studio rent

Amazon’s dominance has been solidified during the coronavirus pandemic, but the consequences of that are complicated, CNBC’s Jim Cramer said Thursday.  “Amazon is either the Grim Reaper for everyone or the greatest thing that’s ever happened to the American consumer. Or maybe both,” Cramer said on “Squawk on the Street.”  “Has Amazon not become a country

Rep. Greg Murphy, R-N.C., said Thursday he believes there are ways for businesses such as barbershops and salons to reopen safely during the coronavirus pandemic.  Murphy, a urologist who was elected to Congress in 2019, said on CNBC’s ”The Exchange” that restrictions should remain in place for people who are “most at risk, most susceptible” to