Howard Schultz, the former Starbucks CEO, on Tuesday urged Congress to provide additional financial support to small businesses, saying that the now-iconic coffee chain would have struggled to weather the economic impacts of the coronavirus pandemic in its early years. In 1987, Starbucks had just 11 stores and about 100 employees, Schultz said on CNBC’s “Squawk
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The top source of financial stress is saving enough for a comfortable retirement, a worry that is trending upward as a result of the pandemic, according to a newly released nationwide survey by Charles Schwab of 1,000 currently employed 401(k) plan participants between the ages of 25 and 70. The survey, conducted between May 28 and
getty On August 4th, the SBA released further guidance on PPP program questions after consultation with the Department of Treasury. The guidance was provided to supplement the PPP Interim Final Rules that were reviewed by my article posted here. These FAQs provide further disappointment for small business owners who would otherwise be able to receive
TOPLINE Chip and Joanna Gaines, hosts of the wildly popular home improvement TV show Fixer Upper, announced a new season of the Waco, Texas-set program would kick off in 2021—on their own broadcast network—as their lifestyle empire, which comprises of book deals, restaurants, retail shops and a Target home goods line, shows no signs of
getty Back-to-school may look different in 2020, but that doesn’t mean that parents and teachers won’t be shopping. According to the National Retail Federation, consumers could spend a record amount in 2020 to prepare students for school and college as they buy more laptops and computer accessories for online shopping. “By any measure, this is an
Kellogg: “I like Kellogg. I think it’s OK. Not my favorite food stock. There are others that I like even more, but it’s not bad. It’s not as bad as it used to be.” Smartsheet: “No. If you’re going to do cloud-based workflow, you’re just going to need to do ServiceNow or … Salesforce.com.” Uber
Bob Chapek, chairman of Walt Disney Parks and Experiences, stands for a photograph at an unveiling event of Star Wars: Galaxy’s Edge at Walt Disney Co.’s Disneyland theme park in Anaheim, California, U.S., on Wednesday, May 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Disney is set to report earnings for its third
U.S. stock futures were flat in overnight trading as investors eye any progress from Washington on a new coronavirus stimulus package. The White House and Democratic congressional leaders have reported some progress in the negotiations, but they remain apart on some issues. Dow futures rose 14 points. S&P 500 and Nasdaq-100 futures ticked 0.01% and
As the nation’s lawmakers debate the contents of the next pandemic stimulus bill, a group of high powered business leaders at some of the most successful companies in the country are calling on Congress to support America’s small businesses. “This is not a call for bottomless handouts,” the letter, released Monday, says. ”It’s a defining moment
CNBC’s “College Voices 2020” is a series written by CNBC summer interns from universities across the country about coming of age, launching new careers and job hunting during a global pandemic. They’re finding their voices during a time of great social change and hope for a better future. What money issues are they facing? How
Jovita Carranza, administrator of the U.S. Small Business Administration, speaks as Steven Mnuchin, U.S. Treasury secretary, listens at a House Small Business Committee hearing in Washington, D.C. Erin Scott | Getty Images The federal government is about to turn off the tap on its supply of forgivable loans for small businesses. Saturday, Aug. 8 is
By Craig Miller, Science journalist and Next Avenue Contributor getty Scientists say 2020 is on track to be among the hottest years on record. They know this from a worldwide network of sensors and satellites that constantly monitor land and ocean temperatures. But my favorite index for global heating is Charlie, my 92-year-old father. I
Paychex CEO Martin Mucci told CNBC on Tuesday that small business employment is falling again and is becoming as precarious as during the beginning of the U.S. coronavirus crisis. “We saw the July jobs index drop,” Mucci said on “Squawk Box.” ”That puts us back to about April, so we’re flat over the last three months.” Paychex, a
Economic Security Planning, Inc. Today’s column addresses questions about whether to continue delaying retirement benefit till 70 or take them early due to the covid pandemic, how much the earnings test would reduce retirement benefits and requirements for spousal benefit eligibility. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
School psychologist Dr. Roseann Capanna-Hodge has been working with young people for decades. Dr. Roseann Capanna-Hodge / (c) 2019 Emily Mygatt Lee There’s a heated debate taking place around the country about whether schools should reopen for in-person classes this month, when many traditionally welcome students back to campus. Numerous districts – including some of
In this May 2020 photo provided by Eli Lilly, researchers prepare mammalian cells to produce possible COVID-19 antibodies for testing in a laboratory in Indianapolis. David Morrison | Eli Lilly via AP The National Institutes of Health announced Tuesday it is starting two trials testing whether an experimental antibody drug can work as a safe
U.S. Treasury Secretary Steve Mnuchin and White House Chief of Staff Mark Meadows at the U.S. Capitol on Aug. 1. Stefani Reynolds/Bloomberg via Getty Images A $600 boost to weekly unemployment checks ended Friday, leaving many families wondering how to pay for rent, food and other bills this month. Democrats want to extend the payments,
Strauss Zelnick, CEO of Take Two Interactive. Adam Jeffery | CNBC Take-Two Interactive Software on Monday raised its fiscal year adjusted sales forecast after beating quarterly estimates on demand for its videogame franchises “Grand Theft Auto” and “NBA 2K” from people stuck at home due to lockdowns. The company’s shares rose about 7% in after-market
When I tell people I plan to die with zero, with no money left to give, their reaction is often, “What about the kids?” But I don’t think those two goals, of supporting my children and leaving nothing behind, are mutually exclusive. I want to give money to my children when they can best use
Pictured is a display of Crazy Aaron’s Thinking Putty Thursday, April 7, 2016 at the Building Blocks Toy Store in Chicago, Ill. (Anthony Souffle/Chicago Tribune/Tribune News Service via Getty Images) Chicago Tribune | Tribune News Service | Getty Images Heading into March, the team at Crazy Aaron’s Thinking Putty was on track to exceed its