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Shopify COO says Amazon-backed California regulation would make it ‘more difficult’ for entrepreneurs – CNBC

“We unequivocally believe that for the future of commerce to survive and thrive it has to be in the hands of the many, not the few,” Shopify COO Harley Finkelstein said.

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A Shopify executive is the latest e-commerce operation to come out against a consumer protection bill that has received the backing of Amazon, telling CNBC it would stifle small businesses that operate online.
“We unequivocally believe that for the future of commerce to survive and thrive it has to be in the hands of the many, not the few,” Shopify COO Harley Finkelstein said in a “Mad Money” interview with Jim Cramer Wednesday.
Consumer protection is very important “but it cannot come at the …

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Stocks making the biggest moves in the premarket: Verizon, Snap, AutoNation, Netflix & more – CNBC

The stocks making the biggest moves in premarket trading include Verizon, Snap, AutoNation, Netflix, and more.

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Take a look at some of the biggest movers in the premarket:
Verizon (VZ) Verizon beat estimates by 3 cents a share, with quarterly earnings of $1.25 per share. Revenue was essentially in line with forecasts. Verizon also increased the bottom end of its full-year earnings guidance, and added more phone subscribers than analysts had anticipated. Shares were slightly higher in premarket trading as of 7:45 a.m. ET.
AutoNation (AN) The auto retailer reported quarterly earnings of $2.38 per share, well…

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Applying for PPP forgiveness? Here are some things to know – Fox Business

The Small Business Administration in August started accepting applications to have PPP loans forgiven, and it began approving them this month. Here are some things…

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U.S. lenders issued more than five million forgivable loans through the federal government’s coronavirus aid initiative for small businesses, the Paycheck Protection Program. The Small Business Administration in August started accepting applications to have the loans forgiven, and it began approving them this month. Here are some things to know.
How can I apply?
PPP borrowers should apply for forgiveness through the lender that issued the loan. The lender then submits the application to the SBA,…

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The stock market is set to fall over the next year — and is unprepared for 2 big risks, says Deutsche Bank’s wealth-management arm – MarketWatch

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There-is-no-alternative, or TINA, has been a pretty solid investment strategy for those who are riding the stock-market wave. But to Deutsche Banks international private bank chief investment office, it has its limits, as the team set a 12-month price target for the S&P 500
SPX,
+0.47%
of 3,300 by the end of September 2021. The S&P 500 ended Tuesday at 3,443.12.Tuan Huynh, international private bank chief investment officer for Europe and Asia Pacific at Deutsche Bank, said if Vice President…

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