Small Business

Only 5% to 10% of drive-ins across the U.S. are able to operate through the coronavirus, but they are seeing new business. Joe Sohm | Visions of America | Universal Images Group via Getty Images The coronavirus pandemic has led to the closures of movie theaters across the country and the delay of coveted 2020

GaudiLab | iStock | Getty Images If you’re working from home to reduce your exposure to coronavirus, don’t expect to write off the cost on your 2020 taxes. Employees who work out of their abode full-time – including the legions of people recently ordered to practice social distancing – have lost a key tax benefit:

New York City appetizing shop Russ & Daughters has weathered the Spanish flu, wars, depressions, recessions, terror attacks, and hurricanes. But the coronavirus pandemic is unprecedented.  “This is uncharted waters,” said Niki Russ Federman, the fourth-generation co-owner of the shop, which serves Jewish delicacies like smoked fish and latkes. Russ & Daughters began business 106

(L-R) Senate Majority Leader Mitch McConnell, Secretary of Treasury Steven Mnuchin, and Senate Minority Leader Chuck Schumer hold a meeting to discuss a potential economic bill in response to the coronavirus, COVID-19, in Washington, DC, on March 20, 2019. Saul Loeb | AFP | Getty Images Small businesses facing payroll tax payments are likely to

Small businesses are getting a potential lifeline from Congress. The massive $2 trillion economic rescue package — expected to get final approval from Congress on Friday — includes provisions aimed at helping smaller employers weather the economic storm brought on by the coronavirus pandemic. “We are cautiously optimistic that this will provide the cash flow

Sen. Chris Van Hollen on Thursday sought to reassure small business owners who already had to lay off their workers about a major facet of the Senate’s $2 trillion coronavirus economic stimulus package.  “If you use these funds to rehire those employees … then you qualify,” the Maryland Democrat said on CNBC’s “Squawk Box.” ”There are

People gather at the entrance for the New York State Department of Labor offices in Brooklyn, which closed to the public due to the coronavirus disease outbreak March 20, 2020. Andrew Kelly | REUTERS What should I do now? It’s a fast-growing and widespread concern when it comes to managing money in the middle of

California Street, usually filled with iconic cable cars, is seen mostly empty in San Francisco, California on March 17, 2020. Josh Edelson | AFP | Getty Images Mike Seramin owns a party supply company in Daly City, just outside of San Francisco. Abbey Party Rents, founded in 1947, is used to booking around 20 events

A customer pays for her groceries after shopping at a Walmart store ahead of the Thanksgiving holiday in Chicago. Kamil Krzaczynski | Reuters Walmart said Wednesday it is offering help to its small business partners as the coronavirus forces consumers to self-isolate and companies to shut stores. More than 10,000 businesses operate within Walmart Supercenters and

Coronavirus hits forecasts Chetan Ahya, chief economist at Morgan Stanley, said the economic pain stemming from the pandemic “is definitely going to hurt” the firm’s forecasts: “Essentially, what we have is a significant decline in personal consumption expenditure as well as the business investment in the second quarter, so, this is definitely going to hurt

The Uptown Garrison in Manhattan’s Washington Heights neighborhood is still offering takeout and delivery as much of the city shuts down due to coronavirus. Spencer Kimball | CNBC Restaurant and bars in the nation’s largest city, world-renowned for its food and nightlife, are shutting down indefinitely and laying people off en masse as the state

Robert Herjavec, cybersecurity entrepreneur and “Shark Tank” investor, told CNBC on Friday that his directive to small businesses is to do whatever it takes to survive the coronavirus crisis. Herjavec argued he would take hedge fund manager Bill Ackman’s “hell is coming” warning on Wednesday to the next level, saying that “hell is here.” The Herjavec

Daniel Harison, a barista at Velvette Brew, a coffee shop in Park Slope, Brooklyn. Greg Iacurci A palpable chill had settled over Park Slope on an otherwise beautiful Monday evening. The brownstone-lined streets of this South Brooklyn enclave, typically abuzz with commuters at peak rush hour, were near empty. Stores of all kinds — from

A man cleans the windows at his store on March 17, 2020 in the Brooklyn Borough of New York City. – The coronavirus outbreak has transformed the US virtually overnight from a place of boundless consumerism to one suddenly constrained by nesting and social distancing.The crisis tests all retailers, leading to temporary store closures at

Small businesses are switching up their models in a fight to survive during the coronavirus crisis — some in unexpected ways. Businesses including condom-makers, gin producers and food manufacturers are seeing consumers react in different ways as they self-isolate or reduce social contact. Small businesses generate 44% of U.S. economic activity, and around half of

U.S. President Donald Trump speaks as Vice President Mike Pence looks on during a news briefing on the latest development of the coronavirus outbreak in the U.S. at the James Brady Press Briefing Room at the White House March 18, 2020 in Washington, DC. Alex Wong | Getty Images The COVID-19 pandemic is a matter

Rob Frohwein, CEO of Kabbage Adam Jeffery | CNBC Consumers who are concerned about the survival of their local businesses amid the coronavirus outbreak are finding new technology-enabled platforms that allow shoppers to buy for a better future.  Online small business lender Kabbage launched on Wednesday a service called “Kabbage Payments,” which allows any business

Sen. Marco Rubio told CNBC on Wednesday he wants to use a network of lenders for an existing program to help small business employers and employees weather the economic fallout from the coronavirus crisis. “We need to start thinking about not just small business, obviously, but the people who work for them,” said the Florida

CEOs across the globe are coming to terms with the reality that business will be anything but normal over the coming months as the impact of the coronavirus pandemic continues to escalate. But while revenues are set to suffer a short-term hit, the majority of leaders remain confident that their companies will be back on

A shopper walks through a near-empty shopping mall. Source: Getty Images President Donald Trump and Capitol Hill are working on multiple fronts to make sure the U.S. Small Business Administration has the ability to offer small business owners across the U.S. as much as $50 billion in loans to stay afloat during the widening economic shutdown