Logo for Getaround peer-to-peer car sharing service on the side of a car in the Silicon Valley town of Mountain View, California, August 24, 2016. Smith Collection/Gado | Archive Photos | Getty Images When the coronavirus pandemic put a halt to nearly all travel, Anwar Ali was forced to store a fleet of cars he
Small Business
Youth unemployment skyrocketed during the coronavirus pandemic, prompting some entrepreneurial college students to turn to side hustles to make ends meet. Unemployment for young people (in the 16-24 age range) hit a high of 27.4% in April 2020 — that’s nearly 1 in 3 who were unemployed. Meanwhile, Etsy reported that the number of sellers
Construction workers pouring wet concrete on a road. With 20% of the planned infrastructure bill, or $110 billion, dedicated for the construction of roads and bridges, small constructions firms are hoping for a long-term boom in business. Jung Getty As small businesses recover from labor constraints and business losses due to Covid-19, a bipartisan infrastructure
Samuel Corum | Getty Images News | Getty Images A Senate infrastructure measure unveiled Sunday would end a pandemic-era tax break for businesses three months early in order to raise funding. Certain businesses are currently able to claim a refundable payroll tax credit — the employee retention credit — on a portion of workers’ wages
Maskot | DigitalVision | Getty Images Gen Z is one of the most entrepreneurial generations in history. More than half of Gen Zers who participated in a recent EY study said they hoped to own their own business in the next 10 years. However, as every seasoned entrepreneur knows, starting your own company comes with
When the world shut down in March of 2020 and students were stuck at home for months, it gave them time to rethink their career paths. And for some recent graduates, a traditional nine-to-five job wasn’t the answer. Some entrepreneurial students looked at the accelerated adoption of digital technologies, the flexibility of remote work, and
d3sign | Moment | Getty Images A Senate infrastructure measure unveiled this week would pull $31 billion from a Covid disaster-loan program for businesses. The Economic Injury Disaster Loan program was one of the mechanisms Congress used to help ailing businesses stay afloat during the pandemic. It was initially plagued by issues such as delays
Cecilie Arcurs | Getty Images A growing number of states are offering pass-through business owners a workaround for the $10,000 federal deduction limit for state and local taxes, known as SALT. A controversial part of Republicans’ 2017 tax overhaul, the SALT write-off cap is costly for filers who itemize deductions and can’t claim more than
Sen. Ron Wyden, D-Ore., speaks during a Senate Finance Committee nomination hearing for Deputy Treasury Secretary nominee Adewale Adeyemo on Feb. 23, 2021. Greg Nash | Pool | Reuters Senate Finance Committee Chairman Ron Wyden, D-Ore., on Tuesday released a bill to overhaul a controversial deduction for certain businesses, which was part of Republicans 2017
Supporting a family while your spouse is active duty in the military isn’t easy. Since military families typically relocate every two to three years, spouses find themselves constantly on the move, which makes it difficult to hold a steady job and pursue a career. “You never know what’s going to happen, you didn’t know when
Serena Williams of The United States celebrates a set point in her ladies singles first round match against Irina-Camelia Begu of Romania on day two of the 2021 French Open at Roland Garros on May 31, 2021 in Paris, France. Stephane Cardinale | Corbis Sport | Getty Images Serena Williams is investing an undisclosed amount
A restaurant worker at a May 26, 2021 “Wage Strike” demonstration organized by One Fair Wage in Washington, D.C. Anna Moneymaker | Getty Images News | Getty Images The coronavirus crisis has cast new attention on wages and income. It’s been 12 years since the last federal minimum wage increase, and whether a hike in
In this article FXLV Global fitness company F45 Training, backed by actor Mark Wahlberg, made its stock market debut Thursday. Under the ticker symbol FXLV, it started trading on the New York Stock Exchange and went as high as $17.75 per share on its first day for a $1.6 billion market cap. The initial public
In this article VZ MA Mastercard and Verizon announced Tuesday a new partnership focused on 5G contactless payments for consumers as well as small- and medium-sized businesses. They hope to have some innovations from the partnership by 2023. The collaboration aims to enable businesses to use emerging payment technologies to turn smartphones in to cash
An international ransomware attack that started with Florida-based IT firm Kaseya will not fetch the entire $70 million that its Russia-linked hackers are demanding, Huntress CEO Kyle Hanslovan told CNBC on Tuesday. “It wouldn’t surprise me if someone was to pay the ransom for it to be closer to the $40 [million] to $50 million
A store advertises for employees, after coronavirus disease (COVID-19) restrictions were lifted, in Santa Monica, California, June 22, 2021. Lucy Nicholson | Reuters Small businesses across the country are struggling to keep employees and attract new staff in a tight labor market which has given workers the upper hand. The latest nonfarm payroll report on
People walk outside “Hamilton” at Richard Rodgers Theatre in Times Square on May 12, 2021 in New York City. Noam Galai | Getty Images Entertainment | Getty Images Broadway hit “Hamilton” could receive as much as $50 million from the Shuttered Venue Operators Grant program, a $16 billion federal aid program that provides pandemic relief
One of the most important crossroads on the way to small business success — and one that nearly every entrepreneur will encounter at some point — is incredibly treacherous: deciding whether to take on a partner. How you navigate it can make the difference between success and unmitigated disaster. Done right, a partnership can propel
Kristen Deptula, center, with her husband and two children, says that paying a $15 per hour wage has helped them grow their Rehoboth Beach, Delaware, business. When Kristen Deptula and her husband bought the Canalside Inn in Rehoboth Beach, Delaware, in October 2019, they had no idea the coming summer season at the shore town
The Anthem music venue in Washington, D.C. pleading with the Small Business Administration to release aid for shuttered independent venues. CNBC The Small Business Administration plans to process most of the aid applications from its Shutter Venue Operators Grant (SVOG) program by early July, Sen. Bill Hagerty, R-Tenn., said Wednesday. More than 14,000 small businesses