New analysis from LendingTree shows that 39 percent of Black-owned businesses were denied a loan, line of credit or merchant cash advance in 2024, the highest rate of loan denials by race. NBC News’ Vicky Nguyen reports on the struggles of minority business owners, interviewing a young chef who has been attempting to get a loan for several years.
Category Archives: business
End-of-Year Tax Prep: What to Know for 2025
Some big changes could affect your tax bill this year with certain long-standing benefits going away and new ones being introduced. NBC’s senior business correspondent Christine Romans joins TODAY to break down how to get ahead of expiring tax credits, what to expect from new deduction updates and more.
How Down Payment Assistance Programs Can Help Home Buyers
With mortgage rates still about 6% and housing prices near record highs, buying a first home might seem impossible for many, but a down payment assistance program for first-time buyers can be a game changer. NBC’s Vicky Nguyen reports for TODAY on the financial aid recipients can get toward their dream of homeownership.
Trump nominee Paul Ingrassia withdraws amid text message allegations
President Trump’s nominee to lead the Office of Special Counsel, Paul Ingrassia, has withdrawn from consideration. NBC News’ Melanie Zanona explains the controversy around his nomination, following a report of alleged text messages from Politico.
Democrats call on ‘disengaged’ Trump to get involved to end shutdown
As the government shutdown crosses the three-week mark, Democrats are increasingly calling on President Donald Trump to get more involved in finding a solution.
Arizona AG sues to force House Speaker Johnson to seat Democrat Adelita Grijalva
Arizona Attorney General Kris Mayes filed a lawsuit to force House Speaker Mike Johnson to swear in Democrat Adelita Grijalva due to the government shutdown.
Warner Bros. Discovery puts itself up for sale
Warner Bros. Discovery announced it is putting itself up for sale. NBC News’ Chloe Melas has details on what that means for the company that owns HBO, CNN and other media businesses.
Food banks and community groups brace for spike in demand as shutdown continues
Federal workers affected by the shutdown are accessing food banks, while food programs like SNAP and WIC are going to run out of funding next month.
Tax brackets are changing. See how much you’ll owe starting next year.
New tax brackets recently released by the Internal Revenue Service mean that if you get a raise next year, there’s a chance your tax rate won’t change
Trump-Putin summit in doubt as Kremlin sticks to hard line on Ukraine
The Kremlin denied Tuesday that it was holding up President Donald Trump’s push to end the war in Ukraine ahead of possible talks with Vladimir Putin.