Under pressure from the White House, the Food and Drug Administration gave premium cigar-makers and importers a win last week, indicating it may spare the industry from costly regulation set to go into effect this spring. The premium cigar industry is facing a May deadline that requires all new tobacco products to obtain regulatory clearance
Fullerton Police officer wears his Axon body camera on his chest while on patrol in Fullerton, California, on February 16, 2017. A proposed bill in the California legislature would ban law enforcement in the state from using facial recognition software and biometric scanners in body cameras. Axon body cameras do not use facial recognition software.
Geri Lavrov | Getty Images Baby boomer business owners, retiring in record numbers, are fueling a dramatic paradigm shift on Main Street, and many are at a crossroads, trying to figure out if they should sell their business or pass it along to a successor. Boomers own 2.34 million small businesses in the United States,
Starling Bank CEO Anne Boden Starling The financial crisis was not just a wake up call for the world’s biggest banks – for some, it was a sign of opportunity. For Anne Boden, the CEO of British mobile-only challenger bank Starling, it was a time to totally rethink the financial services. Speaking with CNBC at
Daniel Goldman (L), attorney and director of investigations with the House Intelligence Committee, and House Intelligence Committee Chairman Adam Schiff (C) (D-CA), and U.S. House Intelligence Committee ranking member Rep. Devin Nunes (R) (R-CA), arrive to the House Intelligence Committee in the Longworth House Office Building on Capitol Hill November 13, 2019 in Washington, DC.
Losing to the urban neighborhood of Crystal City in Arlington, Virginia, may not be the end story for the more than 230 cities that attempted to win the bid for Amazon‘s second headquarters. According to AOL co-founder Steve Case, the 14-month-long bidding process may have triggered these cities to keep the energy going and feel
US President Donald Trump shows a letter from Chinese President Xi Jinping as he announces an initial trade deal with China at the Oval Office of the White House in Washington, DC on October 11, 2019. Nicholas Kamm | AFP | Getty Images Resurgent optimism about the future of U.S. trade policy, along with a
Sixty percent of small business owners approve of the way Donald Trump is handling his job as president, the highest approval rating number since CNBC and SurveyMonkey began its quarterly Small Business Survey in 2017. Small business owners typically are a conservative-leaning group. Approval of Trump never has been below 51% in the almost three-year history
Independent retailers are gearing up for Small Business Saturday, a day used to promote mom-and-pop retailers, and many towns are doing their best to support the effort. In 2018, an estimated 104 million consumers shopped at independent retailers and restaurants on the Saturday after Thanksgiving. They spent $17.8 billion, the most since the shopping event
Portrait of small business owner MoMo Productions | Taxi | Getty Images American Express created Small Business Saturday in 2010 to try to encourage shoppers to support local retailers, but a new CNBC/SurveyMonkey Small Business Survey shows waning enthusiasm for the day. The survey, conducted Nov. 20–22, surveyed 2,397 Americans nationwide across all age demographics.
President Donald Trump delayed announcing a flavored e-cigarette ban because he was “spooked” by the political ramifications, but a plan will likely still be implemented, former FDA Commissioner Scott Gottlieb told CNBC on Friday. “I think that something’s going to get done here,” Gottlieb said in a “Squawk Box” interview. “They wouldn’t be putting on
Eric Ryan, co-founder of Method, Olly and Welly Whoever doubted that a line of first-aid products in chic patterns and bold colors would instantly hit Editor’s Pick lists and become a top giftable for the holidays doesn’t understand Eric Ryan’s ability to reinvigorate a simple, everyday consumer need and transform it into a lifestyle accessory.
10’000 Hours | DigitalVision | Getty Images Among other reasons, it’s hard to get back into the traditional workplace after age 50 if you were forced out. Starting your own business puts you back in the driver’s seat. In fact, with extra years under your belt, you have more of an edge than you think
AiFi AI-driven checkout-free systems for retail stores Santa Clara, CA 2016 Airspace Technologies Logistics platform for time-sensitive shipments, like donated organs or replacement parts San Diego 2019 AISERA AI-driven help desk for IT, HR and customer service Palo Alto, CA 2017 Alpha Medical Mobile platform providing basic health-care services for women Palo Alto, CA 2017
U.S. military veterans are a force to be reckoned with on the battlefield — and in business. Many choose entrepreneurship as their career after returning from service, equipped with a cadre of unique leadership and time-management skills. Currently they own about 2.5 million small businesses in America in a host of industries, according to the
Rob Ceravolo and his dog Tropic Ocean Airways As I prepared to leave the Navy after years of active duty as a fighter pilot, most of my friends were becoming airline pilots, but that life wasn’t for me. There was only one thing I wanted to do: start a business. Using the money I’d earned
Getty Images As he prepared for jaw surgery a few years back, Josh Elizetxe, 26, got to be friends with his oral surgeon and orthodontist. When they told him how big the tooth-whitening space had become, the Arizona State University graduate, who’d been starting businesses since age 13, got excited. With the two professionals advising
Before I started my company GMM Nonstick Coatings in 2007, my biggest fear was “What if it fails?” A wise older friend who had started and sold a number of large companies said, “People on their deathbed usually regret the things they did not do, not their failures. If you don’t try, you’ll never know
Courtney Keating | Getty Images The past two years have been halcyon times for small businesses searching for capital. The lending landscape has never been higher during the post-recession era, and approval rates have increased steadily at big banks, regional and community banks and at institutional lenders for an ongoing basis. For instance, the SBA
Earlier this year, Rockets of Awesome landed a $12.5 million investment from Foot Locker to help it grow. Source: Rockets of Awesome Rachel Blumenthal is no stranger to starting a business. When the 39-year-old launched Rockets of Awesome, an online kids clothing subscription service and e-commerce site, back in 2016, she was already a seasoned