Lauren Hirsch
CNBC
New York, NY, United States
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Past articles by Lauren:
J.C. Penney announces plan to cut 1,000 jobs, gets more time from lenders in push for survival
J.C. Penney submitted a confidential business plan to its lenders last week. Now, it has more time to review those plans with its lenders, who will help determine its fate. → Read More
Biden uses progressive message to roll out his moderate economic plan
The message Biden laid out in opening remarks echoes ideas from progressive Democrats, who have pushed for Biden to use the moment to rewrite rules with drastically wider social safety nets and much higher taxes on the wealthy. → Read More
TikTok beefs up lobbying team as U.S. government scrutiny intensifies
Secretary of State Mike Pompeo and President Trump have both said the U.S is "looking at" banning the Chinese-owned TikTok. → Read More
Storied apparel brand Brooks Brothers files for bankruptcy, as it seeks a buyer and closes dozens of stores
The retailer, which is two centuries old, has dressed U.S. presidents and countless investment bankers. → Read More
The U.S. has granted more than 1,000 travel ban exemptions to pro athletes
The exemptions come as the U.S. clamps down on other travel to the country. The administration this week announced new rules for international students that may force many of them to leave the country. → Read More
Trump administration releases list of companies that received most money from small business bailout loans
The Paycheck Protection Program was set up as part of the CARES Act relief law to help companies retain employees during coronavirus lockdowns. → Read More
Bipartisan Senate bill would punish retailers for refusing cash payments
Retailers are promoting "contactless" digital payments to minimize germ spread during the coronavirus pandemic. → Read More
Most top CEOs see business impact from coronavirus lingering until at least the end of 2021
The Business Roundtable, a trade group representing the CEOs of the country's biggest companies, released its second-quarter report on Monday. → Read More
Elizabeth Warren demands answers from private equity industry on coronavirus response, lobbying
Warren's letter comes as the coronavirus recession has brought the role of private equity in the economy back into the spotlight. → Read More
'People love to come to Florida,' state treasurer says, dismissing concerns about coronavirus impact on economy
Florida's treasurer, Jimmy Patronis, said he is confident that Florida will be in a stronger position after the coronavirus pandemic than states such as New York. → Read More
Warren, Booker investigate Tyson, other pork companies over China exports, coronavirus
Democratic Sens. Elizabeth Warren and Cory Booker said Tuesday they are opening an investigation of Tyson Foods, JBS USA, Cargill and Smithfield Foods, after reports that the meatpacking companies were exporting a record amount of pork to China, while warning of impending meat shortages. → Read More
Juneteenth gives corporate America a chance to act on pledges to fight racism following George Floyd's killing
Altria, Nike and J.C. Penney are among those offering employees Juneteenth as a paid, companywide holiday. Google urged its employees to cancel all unnecessary meetings scheduled for the day. → Read More
Skeptical lawmaker pushes Bezos for answers on Amazon moratorium on facial recognition tech
Amazon announced last week the moratorium on police use of "Rekognition" software because of concerns that the technology has racial and gender bias. → Read More
House Democrats demand big bank CEOs disclose documents about small business loans in coronavirus bailout
The lawmakers want big banks to provide "all formal or informal guidance" from the administration about PPP requirements, and the "prioritization or exclusion" of loan applicants in underserved or rural markets. → Read More
Treasury Secretary Steven Mnuchin says he will talk to lawmakers about small business bailout disclosure
Mnuchin's statements indicating the Treasury and Small Business Administration would not be disclosing the names of those who took out PPP loans angered high-ranking Democrats. → Read More
Schumer slams Mnuchin for implying he won't disclose names of PPP recipients
"Given the many problems with the PPP program, it is imperative American taxpayers know if the money is going where Congress intended — to the truly small and unbanked small business," said Schumer. → Read More
Democrats push for simpler loan-forgiveness process in small business coronavirus bailout
Democratic senators expressed concern that current form to apply for forgiveness, which is eleven pages long, "is especially burdensome" for "very small and underserved businesses." → Read More
George Floyd's brother tells Congress: 'Stop the pain'
Floyd testified Wednesday before a hearing of the House Judiciary committee on police brutality and racial profiling. On Monday, top congressional Democrats unveiled a bill to overhaul police practices. → Read More
IBM gets out of facial recognition business, calls on Congress to advance policies tackling racial injustice
IBM CEO Arvind Krishna called on Congress Monday to enact reforms to advance racial justice and combat systemic racism, while announcing the company was getting out of the facial recognition business. → Read More
States are leaning toward a push to break up Google's ad tech business
Critics have said that Google bundles its ad tools so that rivals can't afford to match its offerings and that its operation of search results, YouTube, Gmail and other services to hinder ad competition. Google has argued it has a slew of ad-tech competitors. → Read More