U.S. President Joe Biden delivers remarks on Russia’s attack on Ukraine, in the East Room of the White House in Washington, U.S., February 24, 2022. Leah Millis | Reuters As President Biden prepares to deliver his State of the Union address on Tuesday night amid a war in Ukraine that has enflamed global tensions, added
Small Business
Four-time NBA champion Shaquille O’Neal issued a stark warning to the Los Angeles Lakers Monday, saying despite an abysmal season, it would be a huge mistake to trade the team’s biggest superstar, Lebron James. “If you trade LeBron, you’ll never win again,” O’Neal said of the Lakers in an interview with CNBC. While the NBA
Dan Lauer, founding executive director of UMSL Accelerate Dan Lauer By all measures, Dan Lauer had a successful career. The banker turned entrepreneur created the best-selling children’s toy Waterbabies, and after selling 25 million of the realistic dolls, he wanted to give back to his alma mater, the University of Missouri-St. Louis Business School, and empower
SAN FRANCISCO, CA – APRIL 28: Deanna Sison takes a break from preparing preordered lunches to check the status of her federal small business loan application at Little Skillet restaurant in San Francisco, Calif. on Tuesday, April 28, 2020. Most Covid financial relief to small business has now ended, but the need for more funding
Families have long sought to move toward better neighborhoods and schools to put their kids on the pathway toward success. A study from the Census Bureau is providing fresh insight on where to look. It revealed significant racial disparities between demographic groups. For example, white families have strong rates of upward mobility in high-income neighborhoods.
Nearly 5.4 million new business applications were filed in 2021, up from 4.3 million the previous year, according to the U.S. Census Bureau. But to succeed as an entrepreneur, you need dedication and should be “armed with information,” according to Zuleyka Strasner, founder and CEO of Zero Grocery, a plastic-free online delivery service that operates
Samuel Corum/Bloomberg via Getty Images Rules around small business taxes have changed significantly in the last two years. This year is no exception as many of the various pandemic-era deductions and deferrals come to an end. The good news is that even though these benefits are ending, the impact on the overall tax rate for
Amanda Nguyen, founder of cake company Butter&, has had to raise prices after the costs of her ingredients skyrocketed. She also had to find ways to expand her business. Source: Andriya Rances Small business owner Amanda Nguyen thought she had gotten through the worst part of the Covid-19 pandemic. Then, inflation hit. As the owner
Cameron Mitchell, chief executive of Cameron Mitchell Restaurants, told CNBC on Wednesday that unruly diners have cost his business $750,000 a year, on top of supply chain snarls and rising inflation that have already affected hurt his bottom line. “We never spent a dollar on security in our restaurants prior to Covid, but now we
They are brazen, aggressive and seemingly acting without a care in the world. Shoplifters are hurting big retailers and chain stores, even reportedly forcing some locations in New York City and San Francisco to close up. But unlike many big retailers that can absorb the loss, some small business owners say the crime wave is
When Matt Horn opened up his first restaurant in Oakland, Horn BBQ, the pandemic was in full swing. It was fall of 2020 and he’d overcome a long list of challenges from location to regulations and more to see it through. So when it came time to launch his second, highly-anticipated concept, Kowbird, just down
Joe Raedle | Getty Images News | Getty Images The latest Consumer Price Index reading, the highest in four decades, isn’t the only sign that inflation is extending rather than giving up its hold over the U.S. economy in 2022. An increasing number of American small businesses say they are now passing on higher costs
andresr | E+ | Getty Images Almost two years into the Covid-19 pandemic, many small businesses are still struggling. While financial assistance for those impacted by the crisis has ended, some of the hardest hit industries, including gyms, hotels and restaurants, are pushing for more relief. For many, the omicron surge dealt a big blow.
The Studio Theatre in Little Rock, AR Jennifer Schlesinger | CNBC After months of limbo and mounting debts, the Studio Theatre in Little Rock, Arkansas, got some welcome news from the Small Business Administration in early February. The small nonprofit theater has had its denial for aid through the Shuttered Venue Operators Grant Program overturned.
Major tech companies are opening offices in Atlanta, hoping to capitalize on the technology talent in the city, especially the Black talent. Silicon Valley-based Apple and Google parent Alphabet as well as Redmond, Washington-based Microsoft have all set up shop in Atlanta in recent years. Headquartered near San Francisco, payments giant Visa is also opening
Chelsea Kidd quit her job in 2021 to start SiteWell Solutions, a wellness consulting business focusing on remote workers. Source: Chelsea Kidd The “Great Resignation” has workers leaving their jobs in droves. Yet they aren’t all looking for a new company to work for — many have opted to go into business for themselves. In
In this article GSBD Briana Thompson, owner of Spiked Spin, is optimistic about her company’s future, despite having a turbulent time during the Covid-19 pandemic. Source: Briana Thompson The Covid-19 pandemic has been far from easy for small business owner Briana Thompson. Her Brooklyn, New York-based boutique spin studio, Spiked Spin, had only been open
In this article PAYX Small business owners are starting to fill-up their staff rosters again as certain Covid-era programs end and inflation rises, Paychex CEO Marty Mucci told CNBC on Tuesday. “Some of the things that are drying up, per se, the child tax credit, that was really impacting 30 million different households,” Mucci said
The storefront of Mark Shriner’s small business, The Coffee House, in downtown Lincoln, Nebraska. Courtesy: Mark Shriner Mark Shriner needed help. It was spring 2020, and his coffee shop in Lincoln, Nebraska, was at risk as the Covid-19 pandemic forced small businesses like his to close their doors. So he sought assistance from the federal
Getty Images Millions of Americans are taking a step back and rethinking their work lives amid the “Great Resignation” and ongoing coronavirus pandemic. A record 4.5 million people quit their jobs In November, according to data from the U.S. Department of Labor, continuing a trend of workers leaving employers in droves. Some of those workers
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