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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Online Wall Street Journal News

Small Business Loans Helped the Well-Heeled and Connected, Too

Mon, Jul 06, 2020

Congress designed the Paycheck Protection Program to help small businesses hit by the pandemic, but its $521 billion in loans also went to major law firms, wealth managers and politically connected companies....

Google, Facebook and Twitter Suspend Review of Hong Kong Requests for User Data

Tue, Jul 07, 2020

Google, Facebook and Twitter are among tech companies that have suspended processing requests for user data from Hong Kong law-enforcement agencies following China’s imposition of a national-security law on the city....

TikTok to Exit Hong Kong After China's New National-Security Law

Tue, Jul 07, 2020

TikTok, the buzzy short-video platform owned by Chinese technology giant Bytedance, said it would pull out of Hong Kong within a week in light of “recent developments” in the city....

Palantir, One of Silicon Valley's Oldest Startups, Files to Go Public

Mon, Jul 06, 2020

Palantir Technologies said it has confidentially filed paperwork with the Securities and Exchange Commission to go public, ending an extended wait that made the data analytics company one of Silicon Valley’s oldest private startups....

Governments Eye a Green Economic Recovery. Some Industries Aren't Convinced.

Tue, Jul 07, 2020

Governments around the world are spending like never before to kick-start their economies in the wake of Covid-19 lockdowns, in many cases tying green initiatives to rescue packages, even as some industries say saving jobs should trump environmental concerns....

Unemployment Expected to Reach Highest Level Since Great Depression

Tue, Jul 07, 2020

Unemployment rates in the world’s advanced economies will end the year higher than at any time since the Great Depression and not return to their pre-pandemic levels until 2022 at the earliest, according to the Organization for Economic and Cooperation and Development....

U.S. Business Groups Press China to Implement Trade Deal

Mon, Jul 06, 2020

As senior U.S. and Chinese economic officials plan to discuss China’s compliance with a trade deal signed early this year, more than 40 American business groups called on Beijing to step up purchases of U.S. manufactured goods as well as energy and other products as part of the agreement....

Service Sector in U.S. Shows Signs of Recovery

Mon, Jul 06, 2020

U.S. services industries showed signs of recovery in June as businesses took early steps to reopen following the easing of some of the coronavirus-related lockdowns, according to two surveys of purchasing managers. But a recent rise in coronavirus cases is overshadowing the gains....

U.S. Adds More Than 200,000 IT Workers in June

Tue, Jul 07, 2020

IT hiring in June was buoyed by strong demand in the tech manufacturing sector, followed by data processing and information services, trade group CompTIA said....

Colleges Brace for Sharp Drop in Chinese Students

Tue, Jul 07, 2020

U.S. colleges are bracing for a devastating drop in international students this fall, especially ones from China, where many U.S.-bound students are now postponing plans—and even rethinking the value of an American degree....

WSJ Online News

Small Business Loans Helped the Well-Heeled and Connected, Too

Congress designed the Paycheck Protection Program to help small businesses hit by the pandemic, but its $521 billion in loans also went to major law firms, wealth managers and politically connected...

Google, Facebook and Twitter Suspend Review of Hong Kong Requests for User Data

Google, Facebook and Twitter are among tech companies that have suspended processing requests for user data from Hong Kong law-enforcement agencies following China’s imposition of a national-securi...

TikTok to Exit Hong Kong After China's New National-Security Law

TikTok, the buzzy short-video platform owned by Chinese technology giant Bytedance, said it would pull out of Hong Kong within a week in light of “recent developments” in the city....

Palantir, One of Silicon Valley's Oldest Startups, Files to Go Public

Palantir Technologies said it has confidentially filed paperwork with the Securities and Exchange Commission to go public, ending an extended wait that made the data analytics company one of Silico...

Governments Eye a Green Economic Recovery. Some Industries Aren't Convinced.

Governments around the world are spending like never before to kick-start their economies in the wake of Covid-19 lockdowns, in many cases tying green initiatives to rescue packages, even as some i...

Unemployment Expected to Reach Highest Level Since Great Depression

Unemployment rates in the world’s advanced economies will end the year higher than at any time since the Great Depression and not return to their pre-pandemic levels until 2022 at the earliest, acc...

U.S. Business Groups Press China to Implement Trade Deal

As senior U.S. and Chinese economic officials plan to discuss China’s compliance with a trade deal signed early this year, more than 40 American business groups called on Beijing to step up purchas...

Service Sector in U.S. Shows Signs of Recovery

U.S. services industries showed signs of recovery in June as businesses took early steps to reopen following the easing of some of the coronavirus-related lockdowns, according to two surveys of pur...

U.S. Adds More Than 200,000 IT Workers in June

IT hiring in June was buoyed by strong demand in the tech manufacturing sector, followed by data processing and information services, trade group CompTIA said....

Colleges Brace for Sharp Drop in Chinese Students

U.S. colleges are bracing for a devastating drop in international students this fall, especially ones from China, where many U.S.-bound students are now postponing plans—and even rethinking the val...