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
Small Business
Customers dine at Momofuku’s outdoor seating in the East Village as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 26, 2020 in New York City. Alexi Rosenfeld | Getty Images Goldbelly is adding chef David Chang’s Momofuku to its national delivery service as the coronavirus
CEO Ravin Gandhi (R) and stars of his film Heidi Johanningmeier (C) and Colin Egglesfield (L). “100 Days to Live” won Best World Premiere at the San Diego Film Festival and Best First-Time Director. Ravin Gandhi As a CEO, I feel it’s healthy to have hobbies which take your mind off the daily stresses of
When the pandemic hit in March, Kelly Kearney, owner of Pacific Fine Food Catering in Alameda, California, initially thought things might go back to normal after a couple of months. She bought the company in 2004 and built up a business with a loyal, dependable staff and long-time clients. At age 58, she wasn’t intending
Rideshare driver Jesus Jacobo Zepeda of Lancaster, California takes part in a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights”, in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters California voters gave Uber and
RyanJLane | E+ | Getty Images Small businesses that took a forgivable loan this year — as well as their banks — can’t wait to have the balance wiped out, but tax professionals are telling them to slow down. The CARES Act, which went into effect this spring, established the Paycheck Protection Program, an emergency
Starting a business is always challenging but it’s harder than it should be for military veterans — and particularly for female veterans. Female veteran-owned businesses make up just 15.2% of the 2.52 million veteran businesses, according to Census Bureau Statistics. About 97% of those have no employees. Also, only around 15% of all veteran-owned firms
Tracy Miller, 60, carries an item through floodwater that is left after Hurricane Laura landed along the Texas-Louisiana border in Cameron, Louisiana on August 30, 2020. Callaghan OHare | The Washington Post | Getty Images Two days after Hurricane Laura barreled through Louisiana in August, Tameka Nelson returned to her beloved daycare facility in Lake
Source: Twenty20 Unlike most retailers, which see a sales peak over the winter holidays, revenue at Potomac River Running, a chain of 10 specialty running stores in Washington, D.C., and Virginia, is highest during the spring and summer. But this year, coronavirus shutdowns hit the stores hard, with fewer runners training for big races, fewer
Voters wait in line to enter a polling place and cast their ballots on the first day of the state’s in-person early voting for the general elections in Durham, North Carolina, U.S. October 15, 2020. Jonathan Drake | Reuters Economic stimulus is top-of-mind for many small business owners — especially following Monday’s Supreme Court confirmation
A whopping 14 million to 23 million Americans are planning to relocate to a new U.S. city or region due in part to the growing acceptance of remote work, according to Upwork’s Remote Workers on the Move report released Thursday. The survey of 20,490 Americans over the age of 18 was conducted Oct. 1 to Oct.
Postmates shopping app Source: Postmates Postmates said Tuesday it is launching a new retail platform ahead of the holidays, allowing customers to get instant delivery from clothing, home, beauty and wellness retailers, and allowing the delivery company to broaden its reach. The new platform will launch in Los Angeles, with the intent of ultimately expanding
The U.S. Capitol stands in Washington, D.C., U.S. on Thursday, Oct. 1, 2020. Talks Thursday between Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin brought no immediate breakthrough on a deal for a new pandemic relief package, while the House prepared to vote on a Democrat-only plan. Stefani Reynolds | Bloomberg | Getty Images Time
This year has been met by a collision of both pandemic-induced financial uncertainty and the heightened attention toward racial injustice throughout the United States. For award-winning chef Marcus Samuelsson, it’s been a roller-coaster ride that’s evolved from a “total revenue loss,” at the outset of New York City lockdowns, to a 50% to 60% revenue
Sen. Marco Rubio, R-Fla., told CNBC on Thursday he would be willing to support a more expensive coronavirus stimulus package than he’d like because failing to provide financial relief to Americans and U.S. businesses presents larger risks to the U.S. economy. “No one is going to get everything they want here and from my perspective, that
This combination of pictures created on September 29, 2020 shows US President Donald Trump (L) and Democratic Presidential candidate former Vice President Joe Biden squaring off during the first presidential debate at the Case Western Reserve University and Cleveland Clinic in Cleveland, Ohio on September 29, 2020. Getty Images For business tax expert Tony Nitti,
JPMorgan’s Business Complete Banking service Source: JP Morgan JPMorgan Chase is making a play to sell more services to millions of American small business owners, pushing into an area pioneered by fintech firms including Square, PayPal and First Data, CNBC has learned. The bank is rolling out a checking account that is paired with a
Some of the most noticeable names on Wall Street will have a role in Black Entrepreneurs Day online event this Saturday. Daymond John of “Shark Tank” fame, who said he was “frustrated” by the state of Black businesses in the face of the pandemic, said he leveraged his network in the business world to highlight
U.S. Democratic presidential candidate Joe Biden delivers remarks during a voter mobilization event, at Miramar Regional Park in Miramar, Florida, October 13, 2020. Tom Brenner | Reuters With the presidential election coming, Carolyn Bothwell, a freelance copywriter from Charlestown, Massachusetts, has been hearing from concerned members of the freelancer community she started, Freelance Founders, about
A worker loads customer orders into a waiting tractor-trailer inside the million-square foot Amazon distribution warehouse that opened last fall in Fall River, MA on Mar. 23, 2017. John Tlumacki | Boston Globe | Getty Images Amazon said third-party sellers on its marketplace earned more than $3.5 billion during this year’s Prime Day shopping event,
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