AS Congress debates extending the Tax Cuts and Jobs Act of 2017, just under three-quarters of small business owners believe the current federal tax system is unfavorable to them, according to a Goldman Sachs 10,000 Small Businesses Voices survey. Of them, 63% said the system isn’t scaled for their size business, 55% felt it’s complex and confusing and 33% said maximizing expenses is difficult.
WORLDWIDE, spending on information technology is decreasing as the global IT services market is entering a six-year slowdown, analysts at Stocklytics.com found. This year, spending rose to $1.5 trillion with a growth rate of 6.4%, lower than the 9.4% rate in 2024. That’s expected to drop by half by 2029 as economic uncertainty, higher borrowing costs and trade tensions between the U.S. and China lead companies to exercise caution.
IN the grocery store, low costs are king, Americans say. The Pew Research Center reports that about three-fifths of U.S. adults find food prices “extremely” or “very” important when making purchasing decisions, or 62%, per a March survey. Healthiness was the second-most important factor among the 5,123 surveyed, although 9 in 10 respondents said healthy food has become more expensive.
WHEN seeking money advice, Americans are slightly more likely to trust friends and family over financial advisers and planners, an early April Gallup poll of 2,036 U.S. adults found. That’s a 43% to 41% margin. Fewer use new and old media like podcasts, webinars, social media, books and TV, or radio programs (all 20%), and even less use employer programs (14%).
NEARING their degree completion, 3 in 4 graduating college seniors indicate they hadn’t secured a job as of April, according to ResumeTemplates.com. Roughly two-thirds of the 378 surveyed had started searching, but only 41% had found work. Among all surveyed, 9 in 10 were not interested in fully remote jobs.
Compiled by Trisha Nail from press releases and news reports.
