Small Business

House Speaker Nancy Pelosi, D-Calif., leaves a meeting on Capitol Hill on Dec. 18, 2020. Saul Loeb | AFP | Getty Images Lawmakers extended an additional lifeline to small businesses in the next round of Covid stimulus: more forgivable loans and the ability to take a tax write-off for covered expenses. Members of Congress reached

Juanmonino | E+ | Getty Images Congress wants business owners to head out to restaurants and claim a full tax deduction for doing so. Whether it will be enough to save embattled dining establishments is another story, financial advisors and tax professionals said. The $900 billion proposal, which was released on Monday and weighs in

Jamie Grill | Blend Images | Getty Images 46,000 plans Though the overall share of firms that made changes is relatively small, it amounts to tens of thousands of 401(k) plans that have reduced the benefit for employees, according to Will Hansen, the group’s executive director. There are about 572,000 401(k) plans in the U.S.,

Robert Johnson, founder of Black Entertainment Television, told CNBC on Thursday that he hopes the Republican party keeps control of the U.S. Senate in order to provide a counterbalance to proposals from Democrats. “I think balanced government, where each party has a chance to put in their best ideas and propose their best solutions is

Pivotal Advisors founder Tiffany McGhee told CNBC on Tuesday that increasing opportunities for diverse businesses starts by recognizing historic barriers that had been in place, especially in the financial services industry. “If you’re interested in working with a diverse-owned firm, the traditional metrics might not work. We might not have a 50-year track record,” McGhee

CNBC’s Jim Cramer on Tuesday urged Congress to move quickly and pass another piece of coronavirus stimulus legislation, suggesting key parts of the U.S. economy need help being sustained until there is a widely available Covid-19 vaccine. “We are so close to getting this economy back on track, but these places that close, they can’t

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

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.

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

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

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

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

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 spread of the 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