On March 16, San Francisco Mayor London Breed issued a stay-at-home order for the city, forcing many local businesses to shut down amid the coronavirus pandemic. One of those businesses was popular flower company Farmgirl Flowers, which was started over nine years ago by Christina Stembel. The company, which provides customized flower arrangements to clients across
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Pedestrians wearing face masks walk past a boarded up Isabel Marant store in SoHo amid the coronavirus outbreak on May 3, 2020 in New York City. Liao Pan | China News Service | Getty Images A record number of Americans just lost their job, and yet stocks are moving higher. This seems paradoxical given the
For the past several years, restaurants have added more than half a million seasonal jobs in the summer as consumer spending ticks up and tourism bolsters business. But the coronavirus pandemic has forced the industry to change the way it operates, leaving questions about what the future looks like and how many jobs will be available
There’s no better time to think about next year’s taxes than right after you file this year. Jayme Thornton | Tooga Productions | Getty Images There’s still time to submit your bank account information to the IRS to get your $1,200 stimulus payment more quickly. But that window is closing, the IRS said on Friday.
TOPLINE The stock market finished nearly 2% higher on Friday, despite one of the worst monthly jobs reports in history, as investors continued to look toward a reopening of the economy and bet that the worst of the economic impact from coronavirus has passed. The market moved higher, despite over 20 million job losses in
WASHINGTON, DC – APRIL 27: The Internal Revenue Service headquarters building appeared to be mostly … [+] empty April 27, 2020 in the Federal Triangle section of Washington, DC. The IRS called about 10,000 volunteer employees back to work Monday at 10 of its mission critical locations to work on taxpayer correspondence, handling tax documents,
Ornate pre-war apartment buildings in the Upper West Side of Manhattan, New York City, USA Getty Even though 80.2% of renter households paid rent fully or partially in the first week of May, according to the National Multifamily Housing Council, pressure is starting to simmer for tenants as well as landlords already struggling to cover
Lyft co-founder Logan Green Richard Drew | AP Lyft shares shot up as much as 17% after hours as the company reported Q1 revenue and rider numbers that beat expectations. Here’s how the company did: Loss per share: $1.31 Revenue: $955.7 million Active riders: 21.2 million Revenue per active rider: $45.06 Wall Street was expecting an adjusted loss
Pedestrians pass in front of the Salesforce Tower in New York. Victor J. Blue | Bloomberg | Getty Images New York City is partnering with Salesforce to build the city’s coronavirus contact tracing program, designed to track down and test everyone who’s come into contact with anyone who tests positive for Covid-19, Mayor Bill de
The number of people looking for work is at historic levels. At the same time, because of shelter-in-place restrictions due to Covid-19, the rules around job hunting have changed. For those who have been laid off, furloughed or edged out of positions amid the coronavirus pandemic, landing a new job will be challenging, yet there are
A man wears a mask as he passes the New York Stock Exchange. Mark Lennihan | AP This is a live blog. Please check back for updates. 8:06 am: Wall Street headed for rally on Friday as ‘reopening’ stocks gain in premarket Shares of companies that would benefit most if the U.S. economy reopened led
Nora Tam | South China Morning Post | Getty Images Tesla stock has risen more than 7% since Tesla CEO Elon Musk’s tweet a week ago that the company’s shares were priced “too high.” Shares of Tesla closed down down 10.3% last Friday on Musk’s tweet, but have quickly recovered those losses and then some –
A month-long battle with the coronavirus made it difficult for Esteban Giron and his husband to pay their $990 rent. ”I was so sick I could barely walk to the bathroom,” Giron, 41, said. He’s lived in his apartment in Crown Heights, Brooklyn, for over seven years, and if he had to move out, it would be
Fashion designer Rebecca Minkoff is on a mission to help female entrepreneurs through the coronavirus pandemic. “Right now is a trying time for small businesses and women in general,” said Minkoff, 39, and the co-founder and creative director of her own fashion line. “We already are set up, you know, making 80 cents on the
Getty “The most pessimistic forecasts are for the recession to last three to four years.” That’s an actual quote. Have you heard it? Does it scare you? If the first quote didn’t shake you, how about this one: “…the bottom of the recession may not even have been reached; and unemployment, which usually lags behind
Treasury Secretary Steven Mnuchin and the IRS are right: Because the hundreds of billions of dollars that businesses are getting through the Coronavirus Aid, Relief, and Economic Security (CARES) Act’s Paycheck Protection Program (PPP) are tax-free, the expenses these funds pay for should not be tax deductible. As Mnuchin explained: “This is basically Tax 101.” Yet,
Most apartment dwellers have kept up with their rent payments so far. Getty The National Multifamily Housing Council (NMHC) found that 80.2% of apartment households made a full or partial rent payment by May 6 in its recent survey of 11.4 million units of professionally managed apartment units across the country. The data comes against
Budweiser beer bottle labels during a Anheuser-Busch InBev NV news conference in Hong Kong, China, on Tuesday, Sept. 17, 2019. Kyle Lam | Bloomberg | Getty Images Anheuser-Busch InBev, the world’s largest beer maker, forecast a “materially worse” second quarter as coronavirus restrictions curb drinking across the globe, while noting some improvement in China. The
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 3.8 million Global deaths: More than 268,000 Most cases reported: United States (1,254,740), Spain (221,447), Italy (215,858), United Kingdom (207,977), and Russia (177,160). The data above was
In 1977, when Warren Buffett’s son Peter turned 19, he received his inheritance — proceeds from the sale of his grandfather’s farm, which his father converted into $90,000 worth of Berkshire Hathaway stock. “It was understood that I should expect nothing more,” Peter, an Emmy Award-winning musician and philanthropist, writes in his 2010 memoir “Life