WASHINGTON—The number of Americans applying for unemployment benefits has reached its lowest level since the pandemic struck last year, further evidence that the U.S. economy and job market are quickly rebounding from the pandemic recession. Thursday’s report from the Labor Department showed that jobless claims fell by 26,000 last week to 360,000. The weekly tally,…
Facebook Asks for Recusal of FTC Head in Antitrust Probes
WASHINGTON—Facebook is asking that the new head of the Federal Trade Commission step away from decisions on whether to continue the agency’s antitrust case against the social network giant, asserting that past public criticism of the company’s market power makes it impossible for her to be impartial. Facebook Inc. petitioned the agency Wednesday to remove…
Fed Chair Defends Current Policy, Says He Thinks About Inflation ‘Night and Day’
WASHINGTON—Federal Reserve Chair Jerome Powell on July 15 expressed concerns about inflation, stating that he and his colleagues are thinking about rising prices “night and day.” Powell, however, said during a Senate Banking Committee hearing that the Fed’s easy monetary policy will continue as the jobs market recovery “is still a ways off.” Powell’s testimony…
7 Small Business Tax Deductions You’ve Probably Overlooked
Small businesses spend thousands of dollars and over eighty hours a year to prepare for and file their federal taxes. Despite all of this time and effort, these businesses lose billions of dollars annually on tax deductions to which they fail to take advantage. Here are seven tax deductions that your small business is probably…
Honest Advice on Funding Your Startup
If you’re an entrepreneur it’s hard not to have fallen in love with HBO’s Silicon Valley. It’s arguably the most authentic look at the trials and tribulations that we startup founders have to face daily—despite being satire. While I could go on and on about how this series speaks the truth, one of the most interesting topics…
AIG to Sell Life and Retirement Unit Stake to Blackstone, Another With IPO
American International Group Inc plans to use an IPO to sell part of its life and retirement business, while Blackstone Group Inc agreed to buy a sizeable stake, according to a person familiar with the matter. AIG and Blackstone said on Wednesday the private equity firm would pay $2.2 billion in cash for 9.9 percent…
These 6 Words Will Open Thousands of Doors for You
Article by Francisco García Pimentel Every person is a world. Life at work, in business and even in the family is full of complex relationships, where each person has their own agenda, their own history, and particular dimensions. The projects that go ahead are not always the best; And those people who are right are not…
China’s Economic Recovery Loses Some Steam, Investors Eye More Policy Easing
BEIJING—China’s economy grew slightly slower than expected in the second quarter, weighed down by higher raw materials costs and new COVID-19 outbreaks. Expectations build that policymakers may have to do more to support the recovery. Gross domestic product (GDP) expanded 7.9 percent in the April-June quarter from a year earlier, official data showed on July…
J&J Recalls Sunscreens After Carcinogen Found in Some Sprays
Johnson & Johnson is voluntarily recalling five Neutrogena and Aveeno brand aerosol sunscreen products after detecting a cancer-causing chemical in some samples. The New Jersey-based company said on Wednesday that consumers should stop using the products and discard them, after internal testing identified low levels of benzene in some samples. J&J is also notifying distributors…
Taiwan Chipmaker TSMC Says Profit up 11.2 Percent as Demand Rises
TAIPEI, Taiwan—TSMC, the biggest contract manufacturer of processor chips for Apple Inc. and other global brands, said Thursday its latest quarterly profit rose 11.2 percent over a year earlier to $4.8 billion as demand for smartphones and consumer electronics increased. Sales in the three months ending June 30 rose 19.8 percent to $13.3 billion, said…
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