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The SBA is unveiling new credit lines of up to $5 million to fund small businesses
Ira L. Black - Corbis | Corbis News | Getty ImagesThe U.S. Small Business Administration plans to unveil new government-backed credit lines of up to $5 million for small businesses, SBA Administrator Isabel Casillas Guzman told CNBC.The…
Fasten your seatbelts. It’s going to be a ‘bumpy year’ for the aviation industry,
The aviation industry is bracing for another year of turbulence, as delivery delays at Boeing and supply chain problems are set to continue into 2025, say aviation consultants.Sunday marked one year since a door panel blew off a Boeing…
Treasury, IRS unveil plan to close ‘major tax loophole’ used by large partnerships
IRS Commissioner Danny Werfel testifies before the House Appropriations Committee in Washington, D.C., on May 7, 2024.Kevin Dietsch | Getty ImagesThe U.S. Department of the Treasury and the IRS on Monday unveiled a plan to "close a major…
UK visitors from dozens of countries will have to pay a new entry fee starting this week
Pedestrians shelter from the rain under umbrellas as they pass the Elizabeth Tower, commonly known by the name of the clock's bell, Big Ben, at the Palace of Westminster, home to the Houses of Parliament, in London on Feb. 22, 2024.Henry…
These groups help people of color and the LGBTQ+ community find a ‘radically inclusive
Participants during the snowboarding activity with the Hoods to Woods Foundation at Big Snow American Dream in East Rutherford, New Jersey on June 13, 2024.Danielle DeVries | CNBCEAST RUTHERFORD, N.J. — For 16-year-old Zyshawn Gibson,…
What a government shutdown could mean for air travel
A lone traveler makes his way past a nearly deserted TSA security screening area at Orlando International Airport ahead of the arrival of Hurricane Milton, on October 9, 2024 in Orlando, Florida. Paul Hennessy | Anadolu | Getty ImagesA…
IRS to reject billions of dollars in ‘improper’ pandemic-era small business tax credit
Danny Werfel, IRS commissioner, speaks after being ceremonially sworn in at the IRS headquarters in Washington on April 4, 2023.Ting Shen | Bloomberg | Getty ImagesThe IRS will deny billions of dollars' worth of claims for a pandemic-era…
What went wrong for Spirit Airlines?
In November, Spirit Airlines filed for Chapter 11 bankruptcy protection. The icon of U.S. budget air travel hasn't had a profitable year since 2019, and it's lost more than $2 billion since 2020.How did it get here? The Covid-19 pandemic…
The end of this tax break could be ‘very disruptive’ to business owners, expert says —
The Good Brigade | Digitalvision | Getty ImagesTax breaks worth trillions of dollars are scheduled to expire after 2025 without extension from Congress — including a hefty deduction for millions of self-employed filers and business…
‘Do the upright thing.’ A petition to ban reclining on airplanes has garnered 186,000
Spilled drinks, crunched laptop screens and crushed knees.A new video shows the reasons why reclining your seat on airplanes morphed from an acceptable practice into a top irritant for many air passengers. The video is part of an ad…