Small Business

Junior’s Cheesecake owner Alan Rosen told CNBC on Monday that restaurants would be in serious financial trouble if they have to reopen then close back down due to the coronavirus pandemic.  “This opening and closing could be the death knell of restaurants in this country,” Rosen said on “Power Lunch.” ”When people are buying up food, then

Sam Lyon likes a good challenge.  And when his new job fell through because of a coronavirus hiring freeze, Lyon wanted to aim high. That’s when Lyon, 26, decided to create what he calls the “Uber Eats Challenge.” The Salem, Oregon, resident committed to doing deliveries for 12 hours per day, every day, for the

Ranking member Sen. Bob Menendez, D-N.J., arrives for the Senate Foreign Relations Committee hearing on Thursday, June 20, 2019. Bill Clark | CQ Roll Call | Getty Images Sens. Bob Menendez, D-N.J., and Kevin Cramer, R-N.D., have introduced a bill prohibiting retailers from declining cash payments from customers, as businesses promote “contactless” digital payment as they

People stand in queue to enter a restaurant on Ocean Drive in Miami Beach, Florida on June 26, 2020. Chandan Khanna | AFP | Getty Images The list keeps getting longer.  Governors in Michigan, Florida, Texas, California, Colorado and Arizona are closing thousands of bars again ahead of the Fourth of July weekend as Covid-19

Billionaire global investor Barry Sternlicht told CNBC on Tuesday that the U.S. could end up in a downward spiral of economic pain if the businesses cannot get back to operating due to the coronavirus.  “If we don’t get people back to work and the enterprises back to getting revenues and profits, there is going to be extreme

Jovita Carranza, head of the Small Business Administration, listens during a roundtable discussion with governors and small-business owners. Alex Wong/Getty Images The Paycheck Protection Program is ending, meaning ailing small businesses will need to look elsewhere for funding. But where to turn? While there are other options that may be of help to entrepreneurs during

Jacy and Seth Boyack reopened their Arizona massage spa earlier this month from pandemic-driven closures. But they shut Citrus Massage back down after four days, citing safety concerns from the Covid-19 outbreak.  In an interview Monday on CNBC’s “The Exchange,” Jacy Boyack said that even working the front desk, she felt concerned.  “I’m not a massage

The administrator of the Small Business Administration, Jovita Carranza, looks on during the daily briefing on the coronavirus outbreak. Mandel Ngan | AFP | Getty Images The speedy rollout of the Paycheck Protection Program put cash into the hands of business owners — and it may have also paved the way for fraud. Those were

Many businesses are using “the pandemic as a cloak” to cut jobs that they had wanted to cut even before the coronavirus outbreak, “Shark Tank” investor Kevin O’Leary told CNBC on Wednesday.  “Their jobs will never come back,” O’Leary said on “Squawk Box.” ”This is great for earnings in the S&P. It’s not great for employment.”  O’Leary said that

Jovita Carranza, head of the Small Business Administration, listens during a roundtable discussion with governors and small-business owners. Alex Wong/Getty Images Millions of small businesses have gotten federal aid to help weather the recession caused by the coronavirus pandemic. Despite that relief, many don’t expect to survive the crisis. Entrepreneurs who close their doors may