Ira L. Black – Corbis | Corbis News | Getty Images The U.S. Small Business Administration plans to unveil new government-backed credit lines of up to $5 million for small businesses, SBA Administrator Isabel Casillas Guzman told CNBC. The SBA is launching a working capital pilot program in the coming months that is designed to …
Category Archives: Business
Paramount, Skydance conform to phrases of a merger deal
Paramount and Skydance have agreed to terms of a merger, CNBC’s David Faber reported Monday. A deal could be announced in the coming days, he said. A Paramount special committee and the buying consortium — David Ellison’s Skydance, backed by private equity firms RedBird Capital and KKR — agreed to the terms. The deal is awaiting …
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Hiring your individual youngsters can present tax breaks for enterprise house owners
Mixetto | E+ | Getty Images If you’re self-employed, hiring your kids could provide tax benefits — provided you follow labor laws and IRS rules, experts say. Small businesses hiring their own children is a popular topic among social media influencers on platforms such as TikTok, Instagram and YouTube. But tax professionals say they are …
Each day marijuana use surpasses alcohol consumption, new research finds
A recreational marijuana smoker indulges in smoking weed on April 14, 2020 in the Bushwick section of the Brooklyn borough of New York City. Bruce Bennett | Getty Images Americans are reaching for buds more than booze. Daily or near-daily marijuana use is now more common than similar levels of drinking in the U.S., according …
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Inflation fears on Important Road are operating hotter once more
The fight against inflation was going well for the Federal Reserve and economy for much of last year and into 2024, but one important demographic remained unconvinced about the progress being made in lowering pricing: small business owners. Now, more influential parties are coming around to a view that small businesses have been stubborn in …
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Brad Hinkelman Has A Vision for Medellin
My name is Brad Hinkelman, and for over 15 years, I have envisioned tourism in Colombia as a significant economic and social opportunity. In 2008, my initial visit to Colombia was among only 500,000 foreigners that year. By 2024, it is expected that Colombia will see over 5,000,000 foreign visitors, marking an incredible 1000% increase …
Novavax inventory jumps on Sanofi Covid vaccine deal
A vial labeled “Novavax V Covid-19 Vaccine” is seen in this photo taken Jan. 16, 2022. Dado Ruvic | Reuters Shares of Novavax closed nearly 50% higher on Monday as Wall Street cheered the company’s new multibillion-dollar deal with French drugmaker Sanofi that sparked a dramatic turnaround for the struggling vaccine maker. Novavax’s stock almost …
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A majority of America’s enterprise house owners assist minimal wage enhance
People hold signs as they attend a press conference at City Hall Park on April 10, 2023 in New York City. Michael M. Santiago | Getty Images As we enter an election year, Americans’ perceptions of economic health matter more than ever. Small business owners are often seen as a bellwether given how acutely they …
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UAW says VW staff at Tennessee plant file for union election
A Volkswagen EV ID.4 crossover at the Volkswagen of America plant in Chattanooga, Tenneessee, on June 8, 2022. Michael Wayland | CNBC DETROIT — Volkswagen workers at a plant in Tennessee have filed a petition with the National Labor Relations Board for a vote to join the United Auto Workers, the union announced Monday. The …
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Small enterprise confidence hits highest degree since Biden took workplace
Even in the face of stubborn inflation, small business owners are striking a more positive tone. Optimism surrounding the economy is rising and the CNBC|SurveyMonkey Small Business Confidence Index reached its highest level since President Joe Biden took office, according to the latest quarterly data released on Thursday morning. Twenty-eight percent of small business owners …
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