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The Class of 2023 is getting ready to enter a job market that is suddenly less eager to hire new grads.Many employers are taking a go-slow approach to employing graduating seniors this year, college career offices say. The cautiousness marks a sharp reversal from the past two years, when companies often made offers barely weeks after school began and staged bidding wars over interns and graduating seniors.  Some of the companies that have laid off thousands of workers in recent months—including…

A new corporate minimum tax is stoking concern among some companies that one-time activities, such as the sale of a business unit, will push them over the threshold for the levy even though the companies wouldn’t otherwise qualify. The 15% corporate minimum tax that went into effect at the beginning of this year applies to U.S.-based companies that report income to shareholders averaging at least $1 billion over three years. What’s more, once a company is subject to the levy, it remains that way even if profits decline…

Telemedicine companies are facing a regulatory shift that many entrepreneurs say would undercut their ability to quickly prescribe medication that helps prevent opioid overdoses. During the Covid-19 pandemic, telehealth companies benefited from a waiver of the requirement that patients be seen in-person before receiving a telemedicine prescription for buprenorphine, a controlled substance used to treat opioid addiction.  The... Telemedicine companies are facing a regulatory shift that many…

HONG KONG—Eighteen months ago, she was a high-profile symbol of a bigger tech battle between China and the U.S. Now, she is set to take the helm of a Chinese telecommunications company at the leading edge of the country’s push to break free from dependence on America for key technologies. Meng Wanzhou, chief financial officer at Huawei Technologies Co., is set to begin a six-month rotation as company chairwoman after presenting annual results on Friday in Shenzhen, China. Her rising stature…

TikTok has enlisted three heavyweights from American politics and business to advise it behind the scenes as the social-media app tries to convince U.S. authorities that it isn’t beholden to the Chinese government. David Plouffe and Jim Messina, veterans of Barack Obama’s presidential campaigns, and Zenia Mucha, the former longtime communications chief of Walt Disney Co.…

Worker filings for unemployment benefits rose last week but were still historically low, showing that the broader labor market remains robust despite large companies announcing layoffs. Initial jobless claims, a proxy for layoffs, increased by 7,000 to a seasonally adjusted 198,000 last week, the Labor Department said Thursday. The level of claims fluctuated earlier this month, but broadly remains low. The four-week average of weekly claims, which smooths out…

Meta META 2.33% Platforms Inc. is planning to let European users of Facebook and Instagram opt out of certain highly personalized ads as part of plans to limit the impact of a European Union privacy order, according to people familiar with the planning.Under the plan, Meta, beginning Wednesday, will allow EU users to choose a version of its services that would only target them with ads based on broad categories, such as their age range and general location—without…

Minor league baseball players reached a tentative agreement with Major League Baseball on the collective bargaining agreement for minor leaguers who formed a union last year, MLB Players Association officials said Wednesday night.  The five-year deal—which will go to a ratification vote by players on Thursday and to MLB owners for a vote in coming days—will at least double the pay of minor-league players and provide other benefits. Last September, MLB voluntarily recognized the union,…

We will now discuss pickleball, because pickleball is the only thing that matters now. Pickleball, pickleball, pickleball. The Final Four, Opening Day, new NFL rules—none of it stands a chance against a good old racket-borne Tupperware fight. By media edict, I am required to mention pickleball at least 20 times per day, or there is a penalty, which is having to mention pickleball 40 times a day.Any resistance is futile. On Sunday, April 2, former pickleball hater John…

WASHINGTON—Treasury Secretary Janet Yellen plans to say that regulators might need to tighten banking rules after the collapse of Silicon Valley Bank and Signature Bank, arguing that the recent turmoil is a sign that efforts to bolster the financial system are incomplete.   In remarks prepared for later Thursday, Ms. Yellen questioned whether the regulatory system she helped build after the 2008 financial crisis was adequate to protect financial stability.…