Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014 before easing, after Russia’s attack on Ukraine exacerbated concerns about disruptions to global energy supply. Russia launched an all-out invasion of Ukraine by land, air, and sea… Read More »Oil tops $105/bbl after Russia attacks Ukraine
KEY POINTS Consumers reported losing more than $5.8 billion to fraud in 2021, a 70% increase over the prior year, the Federal Trade Commission said Tuesday. Almost 2.8 million people filed a fraud complaint, an annual record. Imposter scams were most prevalent, but investment scams… Read More »Consumers lost $5.8 billion to fraud last year — up 70% over 2020
“Outright conflict” in Ukraine coupled with “punitive sanctions” could push U.S. stocks another 6% lower from Friday’s close, with worse losses seen in Europe and Japan, according to Goldman Sachs Group Inc. With geopolitical upheaval notoriously hard to trade, Goldman strategists are basing their calculations… Read More »Goldman Team Sees S&P Down 6% if Ukraine Conflict Worsens
US companies and financial institutions are starting to settle on a new interest rate benchmark to replace the troubled London Interbank Offered Rate, which underpins trillions of dollars of financial contracts. Sales of corporate loans and derivatives tied to the secured overnight financing rate or SOFR… Read More »SOFR Leads Race to Replace Libor as Interest-Rate Benchmark
When Ben Snyder started his first business, he felt like he was being suffocated. He was stuck in the weeds didn’t know how to stay focused. “That’s true for a lot of new CEOs,” said Synder, now a Vistage speaker and principal at Bizexe. Snyder figured out that… Read More »How to stay focused as a new CEO
KEY POINTS Wages are rising but it’s not enough to keep up with the increased cost of living. Nearly two-thirds of Americans are still living paycheck to paycheck, according to one recent report. The economy is recovering but workers are still having a hard time… Read More »Despite rising wages, 61% of Americans are still living paycheck to paycheck, report finds
There’s still time to salvage this year’s tax filing season, or at least make a difference, if the IRS adopts recommended taxpayer relief measures, Jan F. Lewis, CPA, the chair of the AICPA’s Tax Executive Committee, told the U.S. Senate Committee on Finance in a hearing… Read More »AICPA testifies to Congress on IRS service problems
Prices appear likely to continue rising in a pandemic-altered environment that continues to see high inflation in many countries, according to Tim Mahedy, a senior economist and senior director at KPMG. The pandemic has led to extremely high inflation in some countries. The 7.5% year-over-year… Read More »Pricing pressures continue as labor, supplies remain scarce
Federal Reserve officials said last month the bank may need to raise interest rates and reduce its bond holdings faster than they currently anticipate if inflation continues to rise above their target, according to minutes of the meeting released on Wednesday. Members of the Federal… Read More »Fed officials floated faster rate hikes in January meeting
If you’ve been feeling depleted while running your business, you could be dealing with more than just a rough patch. Burnout, which the World Health Organization officially recognized in its 2019 International Classification of Diseases, is a syndrome that results from chronic workplace stress and requires… Read More »How to Recover From Burnout as an Entrepreneur