NEW YORK (AP) — Some small businesses are still struggling to hire qualified workers, even as Americans return to the US job market in droves. Hiring and retaining employees remains the top challenge for small businesses, according to a survey of 1,100 businesses by Goldman Sachs 10,000 Small Business Voices out last week. Ninety percent … Read more
New York CNN — The economic recovery from Covid-19 stumbled in the first quarter, but that doesn’t mean a recession is imminent. Gross domestic product unexpectedly declined at an annual rate of 1.4% during the first three months of the year — the worst quarter for the American economy since the pandemic turned the world … Read more
By STAN CHOE, AP Business Writer NEW YORK (AP) — What’s immune to high inflation? So far, the profits at big US companies. Businesses are facing higher gasoline and heating bills, just like consumers, in addition to higher expenses for labor and raw materials. But unlike many middle- and lower-income Americans, they’ve been making more … Read more
By PAUL WISEMAN, AP Economics Writer For decades, the free flow of trade across much of the world allowed the richest nations to enjoy easy access to low-priced goods and supplies. It meant solid and stable markets. And for households and businesses, especially in the United States and Europe, it meant an entire generation of … Read more
By JOE McDONALD, AP Business Writer BEIJING (AP) — As millions of Shanghai residents line up for coronavirus tests in the closed metropolis, authorities are promising tax cuts for shopkeepers and to keep its busy port functioning to limit disruptions to industry and trade. This week’s shutdown of most activities in China’s most populous city … Read more
BRUSSELS (AP) — As Russia’s invasion of Ukraine accelerates European Union defense cooperation, a watchdog said Tuesday that EU institutions face vulnerabilities on another front: cybersecurity. The warning by the European Court of Auditors covers the wide range of EU bodies — from the executive arm based in Brussels to specialist agencies located across Europe … Read more
By REBECCA BOONE, Associated Press BOISE, Idaho (AP) — Idaho Gov. Brad Little has vetoed legislation that would make it illegal for most businesses to require the coronavirus vaccine. “I am vetoing this legislation because I am a lifelong advocate of limited government,” Little wrote in his transmittal letter on Monday, saying the bill “significantly … Read more
By JOSH BOAK, Associated Press WASHINGTON (AP) — President Joe Biden released a budget blueprint Monday that calls for higher taxes on the wealthy, lower federal deficits, more money for police and greater funding for education, public health and housing. In essence, it tries to tell voters what a diverse and at times fractured Democratic … Read more
By YURI KAGEYAMA, AP Business Writer TOKYO (AP) — Asian shares were mixed on Monday as worries about the pandemic, inflation and the war in Ukraine weighed on market sentiment. Benchmarks in Hong Kong and Sydney gained while Tokyo, Seoul and Shanghai declined. Adding to concern over the economic impact from the pandemic, Shanghai went … Read more
By MAE ANDERSON, AP Business Writer NEW YORK (AP) — Small businesses that have been buffeted by the pandemic, inflation and shipping woes have another challenge to add to their plate: taxes. Tax season can be complicated for everyone, but as the April 18 filing deadlines looms, small-business owners, contractors, entrepreneurs and others face a … Read more