The Small Business Administration opened the forgiveness portal for its Paycheck Protection Program loans this week, but companies may want to think twice before rushing in. The CARES Act made these PPP loans available to cash-strapped small businesses starting on April 3. Since then, more than 5 million loans have been approved, accounting for $525
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A judge granted a preliminary injunction and ordered Uber UBER and Lyft LYFT to start treating their California drivers as employees. It is a sweeping court order for both companies to consider all their drivers as employees. The companies will appeal, of course, but it’s a big victory for California’s tough new law, Assembly Bill
By Angela Burton, Next Avenue Contributor Rachel Stewart kneeling in front of her grandma in her wheelchair Courtesy of Rachel Stewart In March, when the world began to shift on its axis as Covid-19 hit, Rachel Stewart had no idea her life would shift, too. Neither did Cecilia Huber or Janie Kasse. It’s fair to
Getty Eden Health, a telemedicine company founded in 2015, raised $25 million in Series B financing, in part to expand its partnerships with commercial real estate firms through virtual and in-person health consultations. The funding round—which was led by Flare Capital Partners, with participation from Greycroft, Aspect Ventures, and other investors—places Eden Health’s valuation close
A traveler wearing a protective mask waits to put a suitcase in the back of ride-sharing car displaying Lyft signage at San Francisco International Airport on Monday, May 4, 2020. Paul Morris | Bloomberg via Getty Images Lyft just reported second-quarter earnings including a 61% revenue drop versus the same period last year, but a glimmer
Daily new cases of the coronavirus in the U.S. fell again on Tuesday, marking three straight days of daily new cases below 50,000. However, some epidemiologists caution it’s too early to establish a trend, particularly because the numbers come as nationwide testing falls as well. Covid-19 deaths, which lag behind cases, topped 1,000 again on
Kamala Harris made history Tuesday when presumptive Democratic presidential nominee Joe Biden announced the California senator as his running mate. Harris is first Black woman and first Asian American to be the vice presidential nominee of a major party. Being the daughter of immigrants — her father is Jamaican and her mother was Indian — helped
Stocks may see a super-sized comeback deep into next year. The Leuthold Group’s Jim Paulsen sees the depression-like collapse setting the stage for a wartime-type boom. “It forced companies to just knee-jerk react — to cut everything they could to try to survive this pandemic,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Wednesday.
Sheryl Sandberg, COO of Facebook speaks onstage during ‘Putting a Best Facebook Forward’ at Vanity Fair’s 6th Annual New Establishment Summit. Matt Winkelmeyer | Getty Images Facebook COO Sheryl Sandberg on Wednesday said the social media company needs to work with whoever wins the 2020 U.S. election to address their concerns about Big Tech. “We
Chip Somodevilla | Getty Images Capitol Hill has come to a standstill following heated discussions last week on what to include in the next coronavirus stimulus package. One thing they did seem to agree on was another set of $1,200 checks to Americans, similar to the payments that went out this spring. While Treasury Secretary
getty Two years ago, the Trump Administration quietly began a review of the nation’s long-term care (LTC) insurance system, focused primarily on ways to enhance private coverage. This week, just as quietly, an administration task force released its report. Unfortunately, for the most part, the group was unwilling to commit to any meaningful changes to
WASHINGTON, DC – AUGUST 10: U.S. Treasury Secretary Steven Mnuchin speaks as White House Budget … [+] Director Russell Vought looks on during a news conference at the James Brady Press Briefing Room of the White House August 10, 2020 in Washington, DC. U.S. President Donald Trump was briefly evacuated from the room due to
This Days Inn property in Branson, MO was converted into affordable housing. The Repvblik Housing is in high demand in most markets across the US, but supply is hard to come by. Unless, of course, there is a pandemic that completely changes the real estate game, leaving once very active properties now vacant. Developers and
U.S. Sen. Kamala Harris (D-CA) listens during a news conference following the Democrats weekly policy luncheon at the U.S. Capitol June 23, 2020 in Washington, DC. Alex Wong | Getty Images Joe Biden’s pick of California Sen. Kamala Harris as his running mate brings him a powerful ally in the fight against the coronavirus if the two win the 2020 presidential
Spacex founder Elon Musk celebrates after the successful launch of the SpaceX Falcon 9 rocket with the Crew Dragon spacecraft at the Kennedy Space Center on May 30, 2020 in Cape Canaveral, Florida. Joe Raedle | Getty Images Check out the companies making headlines in midday trading. Tesla — Shares of the electric carmaker jumped more
Nima Ghamsari, co-founder and chief executive officer of Blend, speaks during the Sooner Than You Think conference in Brooklyn, New York, Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images Digital lending start-up Blend raised $75 million in fresh funding amid surging demand for streamlined mortgage applications during the coronavirus pandemic. The move values the
A 2001 Ferrari could become the most expensive car ever sold in an online auction this week, amid expectations that it could sell for more than $4 million. The sale by RM Sotheby’s is part of a series of online auctions being held this month by classic car companies to replace the auctions usually held
RichLegg | E+ | Getty Images Racial and economic inequities have long existed in America’s school systems, and it’s about to get worse, experts warn. With coronavirus cases still high around the country, half of U.S. elementary and high school students will attend school only virtually this fall, according to a study by Burbio, which
Millions of employees could be in for a rude surprise next April when they find out their home office isn’t deductible and the states can’t agree on who gets their money. Time to put a tax pro on speed dial? It’s very likely that you’re reading this from your home—even if you’re working. As the
UNITED STATES – JUNE 24: Sen. Kamala Harris, D-Calif., is seen after an interview in Russell … [+] Building on Wednesday, June 24, 2020. (Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images) CQ-Roll Call, Inc via Getty Images Yesterday, the Joe Biden campaign announced that he had selected Senator Kamala Harris as his running