Category: Business

Social Security Disability: The Program Everyone Loves to Hate

I was heading into a local grocery store the other day, and I noticed a few people gathered around a car parked in one of the spots reserved for people with disabilities. I heard someone yelling. As I got closer to the car, I saw an old guy ranting and raving at the driver of…


March Hiring Accelerated to 916,000, yet Many Jobs Remain Lost

WASHINGTON—America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold as businesses increasingly reopen. The March increase—the most since August—was nearly double February’s gain of 468,000, the Labor Department said Friday. The unemployment rate declined from 6.2 percent to…


US Automakers Post Higher Quarterly Sales Even as Chip Shortage Bites

Automakers on Thursday reported a rebound in first-quarter U.S. sales from a coronavirus-induced slump last year, but volumes were capped by a global chip scarcity that forced many companies to cut production. The need for increased personal safety during the COVID-19 pandemic has boosted sales for automakers, as people prefer traveling by their own cars…


Huawei’s Global Business Bruised by Trump’s Sanctions

Chinese tech giant Huawei has conceded that U.S. sanctions have hurt its smartphone business after posting revenue declines in overseas markets on March 31. Huawei was put on an export blacklist by then-U.S. President Donald Trump in 2019 and later barred from accessing critical technology of U.S. origin, affecting its ability to design its own…


US Manufacturing Sector Index Races to 37-year High in March: ISM

WASHINGTON—A measure of U.S. manufacturing activity soared to its highest level in more than 37 years in March, driven by strong growth in new orders, the clearest sign yet that a much anticipated economic boom was probably underway. The Institute for Supply Management (ISM) said on Thursday its index of national factory activity jumped to…


Business Owner Takes Private Property Fight Against California’s ‘Union Access Law’ to the Supreme Court

Mike Fahner, the owner of a strawberry operation in northern California who is embroiled in a legal dispute with union organizers that is now before the U.S. Supreme Court, told The Epoch Times’ “Crossroads” program that his challenge to a controversial California union access regulation has broader implications for the protection of private property rights under…


US Jobless Claims Rise to 719,000 as Lockdowns Still Force Layoffs

WASHINGTON—The number of Americans applying for unemployment benefits rose by 61,000 last week to 719,000, signaling that many employers are still cutting jobs even as more businesses reopen, vaccines are increasingly administered, and federal aid spreads through the economy. The Labor Department said Thursday that the number of claims increased from 658,000 the week before….


Georgia House Strips Delta Air Lines of Tax Break After CEO’s Criticism of Voting Integrity Law

The Georgia state House voted Wednesday to strip Delta Air Lines of a significant tax break after the firm’s CEO condemned a recently passed voting integrity law. Led by Republicans, the Georgia House voted to strip the firm of the break that’s worth tens of millions of dollars per year. The Senate did not take…


Johnson & Johnson COVID-19 Vaccine Batch Fails Quality Control

An undisclosed number of Johnson & Johnson COVID-19 vaccines were ruined after a batch failed quality control, the drugmaker said Wednesday. “This quality control process identified one batch of drug substance that did not meet quality standards at Emergent Biosolutions, a site not yet authorized to manufacture drug substance for our COVID-19 vaccine. This batch…


Universal Studios Hollywood to Reopen on April 16

LOS ANGELES—Comcast’s Corp’s Universal Studios Hollywood theme park in California will reopen to a limited number of visitors on April 16, the company said in a statement on Tuesday. Most rides will be operating at that time, though some will stay closed to comply with the state’s coronavirus restrictions, the statement said. Tickets will go…