Latest Small business News

Federal Reserve Chairman Jerome Powell fist bumps Treasury Secretary Steven Mnuchin after a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Dec. 2, 2020. (Greg Nash/Pool via AP)

Fed and Treasury urge Congress to approve more virus relief

Dec. 2, 2020 2:00 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin urged Congress to approve COVID-19 relief funds without further delay, though Democrats continued to attack a decision by Mnuchin to allow five Fed lending programs to expire during the pandemic. In his most...

Chairman of the Federal Reserve Jerome Powell listens as Treasury Secretary Steven Mnuchin testifies during a Senate Banking Committee hearing on 'The Quarterly CARES Act Report to Congress' on Capitol Hill in Washington, Tuesday, Dec. 1, 2020. (AP Photo/Susan Walsh, Pool)

Mnuchin defends shut down of Fed emergency loan programs

Dec. 1, 2020 1:20 PM EST

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin is defending his decision to close down a number of emergency Federal Reserve loan programs at a time when coronavirus cases are surging. Democrats were unconvinced, however, saying that Mnuchin’s actions are politically motivated and intended to...

People wearing face masks to help curb the spread of the coronavirus ride mopeds in Hanoi, Vietnam on Thursday, Aug. 6, 2020. Vietnamese health official said on Thursday the COVID-19 outbreak would peak in the coming ten days as the country reported another death and a score of new infections. (AP Photo/Hau Dinh)

The Latest: Vietnam has 1st local transmission in 89 days

Nov. 30, 2020 11:52 PM EST

HANOI, Vietnam -- Vietnamese authorities are conducting intensive contact tracing after the country’s first confirmed local transmission of the coronavirus in 89 days. State media said Tuesday that a 32-year-old man in Ho Chi Minh City tested positive for the coronavirus on Monday after visiting a flight...

File-This Sept. 24, 2020, file photo Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, on Capitol Hill in Washington. In remarks released by the Fed on Monday, Nov. 30, 2020, Powell said that the increase in new COVID-19 cases both in the United States and abroad was “concerning and could prove challenging for the next few months.  (Drew Angerer/Pool via AP, File)

Powell says pace of economic improvement has moderated

Nov. 30, 2020 5:50 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says that the pace of improvement in the economy has moderated in recent months with future prospects remaining “extraordinarily uncertain.” In remarks released by the Fed on Monday, Powell said that the increase in new COVID-19 cases...

People wearing face masks walk past as barber Matthew Jones stands inside his temporarily closed 'Sharpes Barbers' whilst putting up Christmas lights in the front windows in readiness for when he will be allowed to reopen for business when England's second coronavirus lockdown is due to end on December 2, on Broadway Market in Hackney, east London, Tuesday, Nov. 17, 2020. Small businesses around the world are fighting for survival amid the economic fallout from the coronavirus pandemic. Whether they make it will affect not just local economies but the fabric of communities.(AP Photo/Matt Dunham)

On London street, virus forces small shops to adapt or close

Nov. 30, 2020 2:32 AM EST

LONDON (AP) — In late October, Matthew Jones was enjoying a rare “bit of normality” at his London barber shop in a year that has been short on that. He was cutting hair and laughing with colleagues — when the news landed that the business would have to close for the second time. Jones,...

FILE - Colorado Gov. Jared Polis speaks during a news conference about the state's response to the rapid increase in COVID-19 cases, Tuesday, Nov. 24, 2020, in Denver.  Faulting inaction in Washington, governors and state lawmakers are racing to get needed pandemic relief to small businesses, the unemployed, renters and others affected by the widening coronavirus outbreak.   (AP Photo/David Zalubowski, File)

With no action by Washington, states race to offer virus aid

Nov. 28, 2020 8:38 PM EST

SANTA FE, N.M. (AP) — Faulting inaction in Washington, governors and state lawmakers are racing to get pandemic relief to small-business owners, the unemployed, renters and others whose livelihoods have been upended by the widening coronavirus outbreak. In some cases, elected officials are spending the...

FILE - Issa Rae poses for a portrait in New York on Aug. 8, 2018. The

Issa Rae urges participation in Small Business Saturday

Nov. 27, 2020 4:04 PM EST

LOS ANGELES (AP) — With many small businesses struggling to hold on during the coronavirus pandemic, Issa Rae believes now is the time to support independent stores more than ever. The creator and star of HBO series “Insecure” strongly encourages people to shop locally as part of Small...

Agriculture department encourages Tennesseans to shop local

Nov. 25, 2020 5:54 AM EST

NASHVILLE, Tenn. (AP) — The Tennessee Department of Agriculture is encouraging Tennesseans to patronize the state's family farms and other agricultural producers on Small Business Saturday this year. The day after Black Friday asks holiday shoppers to forego the big box stores in favor of local...

This photo shows from Aztec Media LLC shows online educational company Test Prep Insight CEO John Ross posing in Auburn, Calif., in February, 2020. Promising news about a coronavirus vaccine has small business owners feeling more upbeat despite the virus's continuing spread.   Ross intends to hold off on any major changes.  (Megan Hesson/Aztec Media LLC via AP)

Business owners upbeat about vaccine, wary as virus spreads

Nov. 22, 2020 11:10 AM EST

NEW YORK (AP) — Promising news about a coronavirus vaccine has small business owners feeling more upbeat despite cases of the virus surging in many parts of the U.S. Owners hope consumers and businesses will be more relaxed about spending now that two drug companies, Pfizer and Moderna, have vaccines that...

A woman wearing a face mask to protect against the coronavirus walks past a propaganda billboard with the characters for

The Latest: China starts mass testing 3 million in Tianjin

Nov. 21, 2020 12:42 AM EST

BEIJING — China is starting mass testing on 3 million people in a section of the northern city of Tianjin and has tested 4,015 others in a hospital in Shanghai after the discovery of a pair of cases there. The National Health Commission recorded seven new domestically transmitted cases Saturday,...