Fraser Ross, owner of the popular Los Angeles boutique retailer Kitson, has boarded up his three stores. The once-thriving business is one of so many retailers experiencing the fallout from the riots and civil unrest that has ravaged the U.S. in recent days. On the heels of the coronavirus outbreak and widespread business closures, now many
Levi’s clothes are seen on a store shelf in Miami, Florida. Joe Raedle | Getty Images Some have joked that the “Freshman 15” is now the “Quarantine 15,” as living on lockdown encourages some to snack more on bread and baked goods, and workout less. And the iconic denim maker Levi Strauss & Co. is seeing
Cans of Campbell’s Chicken Noodle Soup are seen in a supermarket in New York. Richard Levine | Corbis News | Getty Images Campbell Soup raised its full-year profit and sales forecast on Wednesday after beating expectations for third-quarter results as consumers stocked up on soup, pasta sauces and salsa while they stayed at home during
A trader working after the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Check out the companies making headlines in midday trading. Lyft – Shares of the ride-hailing company jumped more than 11% after the company said that demand has begun to recover. Lyft said it
This is part of CNBC Make It’s Out of Work series, where real people tell their personal stories of what it’s like to be underemployed during the Covid-19 pandemic. This is the story of Catherine Lieberman, director and co-owner of Bell’s School for People Under Six in Fletcher, North Carolina, as told to Megan Leonhardt.
Zoominfo Source: zoominfo ZoomInfo is aiming to price its initial public offering $1 ahead of its already-buoyed price range, two sources familiar with the matter told CNBC. The company had already raised their IPO price range Tuesday morning, but now could target as high as $21 a share and rake in nearly $1 billion. ZoomInfo,
Image of workplace with computer monitor and armchair in the living room at home AnnaStills Amid the coronavirus pandemic, millions of employees have been shut out of their offices and required to work from home. The massive change has many companies evaluating what they can do to make the transition smoother for their workers. One
As states across the country reopen their economies, the restaurant industry is showing signs of recovery after stay-at-home orders and social distancing measures caused sales to crater. The NPD Group, which tracks transactions for 70 quick-service, fast-casual and full-service restaurant chains, found that transactions declined just 18% during the week ended May 24. Restaurant transactions hit
Zoom reported revenue growth of 169% from the previous year in its first-quarter earnings report on Tuesday, and nearly doubled its revenue guidance for the full year, as the coronavirus pandemic drove millions of new customers to the video calling service and turned it into a household name. Shares fell 4% in after-hours trading during the
Coronavirus may no longer be the market’s top risk. According to Crossmark Global Investments’ Victoria Fernandez, weak consumer spending is the biggest threat to the recovery — especially as social unrest grips the nation. “If you looked about a month or two ago, people would say it was Covid, and it was the reopening that was
Corporate and nonprofit leaders are echoing the anger, pain and frustration expressed by many Americans after the death of George Floyd, the 46-year-old black man who died in police custody in Minneapolis on May 25 after a white officer kneeled on his neck for more than eight minutes. On Monday several black leaders in business
A woman passes a hair salon ready to reopen in Arlington, Virginia, on May 28. Olivier Douliery/AFP via Getty Images The federal expansion of jobless benefits has made one part of the unemployment system especially lucrative for both workers and business. But many aren’t taking advantage. The niche in question — work-sharing programs, also known
Photo: Getty Not long ago, we felt that the tremor of society’s heartbeat would remain forever slow. Yet businesses around the country have started to reopen, and humans have started their adaptation process into the new normal. Hope has begun to rise. In this new normal, our thought process when selecting a new home has
A new survey shows a growing comfort with attending open houses again. Boston Globe via Getty Images The coronavirus pandemic has cut into open houses in a major way, but a new survey by the National Association of Realtors suggests potential home buyers are eager to resume visiting open houses. A majority of people, 65%,
TOPLINE During the ongoing protests over the death of George Floyd and racial injustice, Confederate monuments are increasingly becoming targets, with aone statue in Arlington, Virginia, removed Tuesday by its owner, another likely to be removed by the mayor of Birmingham, Alabama, and others across the South targets of protest graffiti.. A statue of Confederate
New York Gov. Andrew Cuomo conducts a news conference on the COVID-19 pandemic at the National Press Club in Washington, D.C., after a meeting with President Trump at the White House on Wednesday, May 27, 2020. Tom Williams | CQ-Roll Call | Getty Images New York Gov. Andrew Cuomo said mass protests for the police killing
A worker examines a sewage recycling pool in the coal liquefaction factory of CHN Energy in Ordos, north China’s Inner Mongolia Autonomous Region, April 11, 2019. Xinhua | via Getty Images BEIJING — China has a lot more to worry about at home than its foreign policy. Some energy-related companies in the country have found themselves caught
In just a few days, bail funds across the country have received tens of millions of dollars in donations after the killing of George Floyd, a black man, while in police custody in Minneapolis. The influx of donations is so large in such a short period of time that some funds, including the Minnesota Freedom Fund and the Brooklyn Bail
Luis Alvarez Call it the never-ending tax season. It may be hard to believe, but taxpayers have approximately six weeks to file their 2019 income tax returns and pay taxes owed to the IRS. July 15 is the new Tax Day, as the Treasury Department moved the deadline to help taxpayers contend with disruption related
In 14 days, the Small Business Administration processed 14 years’ worth of loans, in the first round of funding for the Paycheck Protection Program. The second round has been an entirely different story. After a rush to replenish the program with $310 billion in additional funding, the second funding round began April 27. More than a