Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
As "Small Business Saturday" becomes a worldwide phenomenon, lenders are becoming aware of the investment opportunities on Main Street, former Small Business Administration chief Karen Mills told CNBC on Friday.
Online technology companies including Amazon, PayPal and Square are now issuing near-instant loans to small businesses so they can bulk up their inventory ahead of the branded holiday, Mills said. Small Business Saturday, which began nine years ago, is sponsored by American Express.
"Technology has changed the game in small business lending," said Mills, who is now a senior fellow at Harvard Business School. "We're going to see things change completely."
"A small business preparing for Small Business Saturday can't wait three months to get an inventory loan," she told CNBC's "Squawk Box." "Now, they've got this sort of online loan within minutes."
Square Capital, a division of small-business-focused fintech Square, now makes loans of up to $100,000 to small shops, far outpacing what a traditional lender might provide in amount and speed.
Mills noted that even a loan of $7,000 would likely be considered fiscally imprudent for a bank, which she said wouldn't make any money from doling out a loan of that size to a smaller brick-and-mortar operation.
But "the J.P. Morgans of the world have woken up" to these challenges and are now "investing in a better customer experience," said Mills, who served was SBA administrator under former President Barack Obama.
"We are just at the opening of a huge transformation," Mills said as Black Friday ramped up across the country. "The world is going to change for small business for the better with technology."
In 2017, Small Business Saturday drove nearly $13 billion in consumer spending, down slightly from 2016. Small businesses account for about two-thirds of the new jobs created in the United States and half of the private-sector workforce.