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The stock market rallied after the U.S. Commerce Department eased some restrictions on companies doing business with Chinese telecom giant Huawei Technologies. The government said last night that it would allow Huawei to continue purchasing American-made products for its existing telecom networks until Aug. 19. The momentary let-up in trade tensions with China and Huawei helped the stock indexes post gains today. The Nasdaq Composite index was up 1.08 percent while the Dow and S&P 500 indexes rose 0.77 percent and 0.85 percent respectively. The Entrepreneur Index™ gained 0.71 percent on the…

The U.S. economy is thriving. The latest jobs report shows 100 straight months of increased employment—and while this is great news, it presents unique challenges for small business owners (SBOs), especially when it comes to hiring new employees and retaining current team members. While many small businesses are poised to grow as a result of the economy, only 29 percent are looking to hire, according to Capital One’s latest Small Business Growth Index. That’s down from 33 percent six months ago, and SBOs who aren’t looking to hire say it is…

The U.S. economy added 263,000 jobs last month, topping expectations by a wide margin, and the unemployment rate dropped to 3.6 percent, its lowest level since 1969. That strong showing, coupled with good (but not too good) wage growth of 3.2 percent, sent the stock market back towards the record highs set last Friday. Technology stocks led the way. The tech-heavy Nasdaq Composite index was up 1.58 percent while the S&P 500 and Dow indexes were up 0.96 percent and 0.75 percent respectively. The Entrepreneur Index™ posted a gain of 1.33 percent on the day.…

Uber can’t be compared to Lyft because its business is spread across the world and it has more services to offer, according to Saudi Arabia’s sovereign wealth fund. The Saudi Public Investment Fund (PIF) is one of the largest shareholders in the ride-hailing giant, with a roughly 4% stake according to a regulatory filing. That holding is estimated to be worth around $3.4 billion when Uber goes public this month. “Uber is totally different than Lyft,” Yasir Othman Al-Rumayyan, managing director of the PIF, told CNBC’s Hadley Gamble on Tuesday. “Of course it’s a ride sharing company,…

U.S. retail sales last month rose an unexpectedly strong 1.6 percent. That and better-than-expected corporate earnings results helped the stock market post modest gains today. The Dow and S&P 500 indexes were up 0.42 percent and 0.16 percent respectively while the Nasdaq Composite rose 0.02 percent. The Entrepreneur Index™ closed the day with a gain of 0.18 percent. Returns were muted on the index today. TripAdvisor Inc.had the biggest gain, rising 1.83 percent. Regeneron Pharmaceuticals, on a week-long slide, had the biggest loss, falling 2.81 percent. Diversified manufacturer Danaher beat both revenue and earnings…