Small Business

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

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, CEO, Herjavec Group Scott Mlyn | CNBC 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

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

Amazon Founder and CEO Jeff Bezos addresses the audience during a keynote session at the Amazon Re:MARS conference on robotics and artificial intelligence at the Aria Hotel in Las Vegas on June 6, 2019. Mark Ralston | AFP | Getty Images Since its humble origins as an online bookseller that debuted out of founder Jeff

Natale Servino, general manager of Servino Ristorante Jeniece Pettitt | CNBC Servino Ristorante, an upscale Italian restaurant in Tiburon, California, is a short drive or ferry ride from San Francisco, where scores of software and internet companies have emerged over the past decade.  Normally the 42-year-old restaurant, with picturesque views of the Bay, benefits from

As the coronavirus cases spreads around the country, small business owners are beginning to feel early impacts, such as supply-chain problems and lost sales. New data from the National Federation of Independent Business show that the current effects may be limited, but worries are big. The group found that 74% of small businesses say they

President Donald Trump speaks about the U.S response to the COVID-19 coronavirus pandemic during an address to the nation from the Oval Office of the White House in Washington, U.S., March 11, 2020. Doug Mills | Reuters Small business owners on Main Street now have an economic lifeline that can help them weather the coronavirus

Washington Gov. Jay Inslee eating a slice of cherry pie at A La Mode Pies on Pi Day in 2018 Chris Porter Last year, Three Babes Bakeshop sold more pies for Pi Day than for Thanksgiving. Usually around this time of year, it has sold out of the 3,000 pies it makes for the holiday

A medical worker in protective clothing attends the COVID-19 coronavirus response-training exercise, at the Oleksandrivska Clinical Hospital in Ukraine. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Stock markets are plunging — down about 7% so far today — oil prices are in free fall, supply chains are being disrupted, and in the middle

Hero Images | Getty Images The average annual revenues of women-owned business rose 68% in 2019, to $384,359 from $228,578 in 2018, according to the annual study of women-owned companies by Biz2Credit. However, while this growth is impressive, male-owned businesses generated a much higher average annual revenue: $752,154 in 2019, up jump from $473,157 in