A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images After weeks of lobbying, fintech companies are officially allowed to take part in the U.S. government’s emergency lending program. PayPal and Intuit QuickBooks announced Friday evening that they were approved by the Small Business Administration to take
kate_sept2004 If you’re paying a financial advisor to guide you through current market havoc, groups representing those professionals want you to nab a tax break for those fees. A quintet of groups representing financial advisors is calling upon Congress to restore a tax deduction for advisory fees. “We think it’s good public policy at any
Jetta Productions | Iconica | Getty Images As the economy craters, small businesses are among the hardest hit. When unemployment claims began to jump nationwide in March, layoffs among small business spiked 1,021% compared to the month before, according to exclusive data compiled by human resource provider Gusto, based on more than 100,000 small businesses nationwide.
Greektown, a popular casino and restaurant area of Detroit, sits deserted during evening rush hour on April 6, 2020. Michael Wayland / CNBC The streets of downtown Detroit are desolate. Its factories are shuttered. A city that for the first time in a lifetime was showing strong signs of a resurgence has been brought to
JetBlue planes at a gate at John F. Kennedy International Airport in New York. Mark Kauzlarich | Bloomberg | Getty Images Goldman Sachs is taking another step into the world of retail banking with an installment loan product that’s launching with JetBlue Airways. The bank quietly released a website for something called MarcusPay this week, allowing users to
ROME, ITALY – MARCH 14: People watch tv as Italian Prime Minister Giuseppe Conte delivers his speech on the new economic measures due to Coronavirus emergency on March 14, 2020 in Rome, Italy. Franco Origlia Italian Prime Minister Giuseppe Conte on Friday extended a nationwide lockdown to contain the coronavirus until May 3, though he
For anyone who became accustomed to watching their 401(k) account balance climb higher for years on end, the market’s recent drop and continued volatility may be unnerving if not downright scary. Nevertheless, you shouldn’t let fear cause you do something that could hurt your long-term retirement planning, advisors say. “The coronavirus is certainly creating a
U.S. President Donald Trump signs H.R. 748, the CARES Act in the Oval Office of the White House on March 27, 2020 in Washington, DC. Erin Schaff | Getty Images Jesse Norris, 50, normally spends his time flying around the globe to do process auditing for aerospace industry clients at his one-man business, Norris Consulting.
Elizabeth Bonilla, a paramedic in New York City, responded to a recent cardiac arrest call for a suspected coronavirus patient in her 70s. “Practically every call you hear on the radio is a cardiac arrest,” Bonilla told NBC News. The paramedic, who works in the Bronx, said she performed CPR on the woman as her
Deliveroo CEO Will Shu. Aurelien Morissard | IP3 | Getty Images CEOs from 12 of the U.K.’s top tech companies have written to the government urging for emergency business relief measures to be extended to start-ups. In a joint letter to Britain’s Finance Minister Rishi Sunak, the start-up bosses warned that loan schemes implemented to