Small Business

Customers shop at a Walmart in Houston on Aug. 4, 2021. Brandon Bell | Getty Images After a year-long dip, household cash flow will begin growing again right after Christmas, and accelerate through the new year, according to new research by analysts at Goldman Sachs. These gains will reverse a year of negative growth of

Brian Snyder | Reuters The Federal Reserve chair Jerome Powell said on Friday there will be “pain” to come in the economy as a result of the central bank’s battle with inflation, and right now, small businesses are experiencing that pain on both sides of the fight. Inflation has been the No. 1 concern of

The U.S. Secret Service returned $286 million in fraudulently obtained pandemic aid loans to the Small Business Administration, the agency announced Friday. The funds sent back to the SBA were obtained via the Economic Injury Disaster Loan (EIDL) program using both fabricated information and stolen identities. The suspects used Green Dot Bank, a fintech institution,

While some companies have slowed the pace of hiring due to concerns about an economic slowdown, the demand from small businesses for new workers has not yet shown signs of declining, Paychex CEO Marty Mucci said. “We’re still not really seeing any strong recessionary measures here for small business,” Mucci said on CNBC’s “Squawk Box”

Ruby Bugarin owns two restaurants in California and is being hit by rising supply chain struggles and inflation. Courtesy: Ruby Bugarin Restaurants around the county were looking ahead to the economy’s reopening over the last few months, as Covid vaccines became more widespread and pent-up consumer demand was palpable. But headwinds from supply chain disruptions

Jelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC), speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Aug. 3, 2021. Al Drago | Bloomberg | Getty Images The Federal Deposit Insurance Corp. will unveil this week a new investment fund backed by corporate giants that

In this article YUM CMG MCD To mandate, or not to mandate? That’s the question facing down restaurant owners and operators during one of the most challenging hiring environments in decades. The Food and Drug Administration approved Pfizer and BioNTech’s Covid-19 vaccine on Monday, opening the door for workplaces to opt to require workers to

MoMo Productions | Getty Images More than a year into the Covid-19 pandemic, many American employees who have been working from home are itching to get moving again. But that doesn’t necessarily mean returning to the office. For many, it means finding new jobs. A survey released by Bankrate.com this week found that 55% of

Deciding if and when to expand a business isn’t an easy task. When partners disagree, it also adds some tension into the mix, especially if they are married. For Chris and Emily Elias, it was a debate over whether to broaden their existing mobile dog-grooming business, Massapequa, New York-based The Ruff Life, into other cities

Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau proposed a rule Wednesday to raise transparency around loans for small businesses. If finalized, the federal agency’s rule would require lenders to collect and report more data about credit applications from small businesses, including demographic and pricing data and reasons for which lenders deny a

Former Democratic Senator Heidi Heitkamp, one of the party’s leading voices on tax policy, said President Joe Biden’s proposal to tax appreciated assets upon death would hurt family farms and family-owned businesses. “I’m trying to sound the alarm, both economically and politically, for Democrats that this is not a path to walk,” she said in

Michael Lee | Moment | Getty Images There were fewer small businesses open and hourly employees working in August relative to July, indicating that the Covid-19 delta variant may be dampening the U.S. economic recovery, according to data from Homebase, which supplies employee scheduling software to employers. The number of employees working dropped 4% in

Zach Gibson | Getty Images News | Getty Images The Covid-19 pandemic caused a backlog of nearly 8 million paper-filed business tax returns at the IRS in 2020, according to a report issued Tuesday by a U.S. Treasury Department watchdog. That represents a 3,230% increase relative to the end of 2019, when the IRS had

Phil Roeder Congressional Democrats are considering reforms to the 20% pass-through tax deduction as part of a $3.5 trillion federal spending package. Democrats’ proposal would phase out the tax break for business owners with taxable income exceeding $400,000, according to a discussion list obtained by CNBC. It would also make the tax cut available to

When Tina McGonagill wanted to expand her food container business, she took on an investor she met at a trade show. For $50,000, she gave Trent Lowenstein a 20% stake in Big Fat Lunch. Yet before she spent the money, the two were at odds over the best strategy to increase profits. McGonagill wanted to

Jessica Brooks Any aspiring entrepreneur hoping to get “Shark” Kevin O’Leary’s attention with a business pitch better be able to answer this question: What’s the next big thing for small business? If you think it’s bitcoin or blockchain, guess again. The “Shark Tank” co-host and host of CNBC’s “Money Court,” which premieres Wednesday night, says

In this article MNTV The rise of the delta variant, a highly contagious strain of Covid-19, is disrupting reopening plans across the country and introducing even more uncertainty on Main Street. Nearly six in 10 small business owners in the latest CNBC | Momentive Small Business Survey say the new threat is making them shift

Vice President Kamala Harris swears in Isabel Guzman as administrator of the Small Business Administration as husband Javier Guzman stands at her side at the White House in Washington, March 22, 2021. Kevin Lemarque | Reuters Isabella Casillas Guzman, the new Administrator of the U.S. Small Business Administration, began her term under President Joe Biden

A sign advertising job openings is seen outside of a Starbucks in Manhattan, New York City, New York, U.S., May 26, 2021. Andrew Kelly | Reuters The labor shortage has forced businesses both big and small to find new and creative ways to attract workers. Half of the small business owners polled in the Q3

A retail store advertising a full time job on its open door in Oceanside, California, U.S., May 10, 2021. Mike Blake | Reuters The delta variant hasn’t significantly altered the outlook of America’s small business, but the conditions that the Main Street economy is operating under as it attempts to fully reopen are weighing on