The pandemic has ravaged small businesses in New York City, and among the fighters are nearly 20,000 street vendors who have lost 70% to 90% of their income, according to a survey conducted in June and September. With these small businesses that are such an important part of New York City barely surviving, Morgan Stanley…

Lululemon Athletica store exterior, Ponce City Market. John Greim | LightRocket | Getty Images Lululemon reported sales of $ 1.1 billion on Thursday, up 22% year over year, beating analysts’ estimates as shoppers visited the retailer’s stores and website to purchase workout clothes during the reporting period. In North America, net sales increased 19% driven…

Charday Penn | E + | Getty Images Small business owners with troubled finances could receive additional funding from the paycheck protection program. On Wednesday, lawmakers from both sides of the aisle handed out a summary of their $ 908 billion emergency aid package from Covid. The proposal allocates $ 300 billion to the Small…

United Airlines Boeing 767-400 ER Extended Range with aircraft powered by 2 CF6-80 engines landing at Amsterdam Schiphol International Airport AMS EHAM in the Netherlands, the capital of the Netherlands. Economou | NurPhoto | Getty Images United Airlines is turning to technology to capture carbon dioxide from the air and store it underground to fully…

CNBC’s Jim Cramer on Wednesday angered Congress and President Donald Trump’s administration for their inability to reach an agreement on additional coronavirus relief this fall. He claimed the lack of financial support had caused permanent damage to small and medium-sized businesses in the US “I really hate to say that, but I think that Congress…

Virgin Australia’s newly appointed CEO said it was “irresistible” to fly again as the airline seeks to regain market share under new owners. Jayne Hrdlicka told CNBC on Wednesday that the company was well positioned to capture a third of the domestic market and would bring it back to pre-Covid levels when intra-country travel resumes.…

Henrique Dubugras, founder and managing director of Brex Inc., speaks during the Bridge Forum conference in San Francisco, California, the United States, on Wednesday, April 17, 2019. David Paul Morris | Bloomberg | Getty Images The coronavirus pandemic should have been a disaster for Brex, the soaring Silicon Valley startup that lends thousands of other…

President Donald Trump speaks in the Rose Garden of the White House in Washington on Friday, November 13, 2020. Evan Vucci | AP The White House Coronavirus Task Force has recommended President Donald Trump that the United States begin admitting travelers from Brazil, the United Kingdom and the 27 countries of the European Union, according…

So-Low Environmental Equipment, a manufacturer of ultra-cold freezers, is seeing a surge in demand for its products in anticipation of coronavirus vaccine distribution, resulting in inventory despite its prep efforts. “Right now we have nothing left,” said Dan Hensler, vice president of the Cincinnati-based company, on CNBC’s “Squawk on the Street” on Wednesday. Only Pfizer…

People wear protective face masks in front of Starbucks in Union Square as the city resumes Phase 4 reopening after restrictions were imposed in New York City on September 29, 2020 to slow the spread of the coronavirus. Noam Galai | Getty Images Starbucks announced on Wednesday that it expects to meet its long-term growth…