(Bloomberg) — The World Economic Forum’s annual meeting began in Davos with corporate executives and economists warning a global recession is likely this year. Of 4,410 business leaders surveyed by PricewaterhouseCoopers LLP in October and November last year, 73% predicted global growth to decline over… Read More »Business Chiefs and Economists Brace for Recession as Davos Begins
Many people believe willpower is fixed and finite. Yet powerful strategies exist that can help us increase it. We all face demanding days that seem designed to test our self-control. Perhaps you are a barista, and you have some particularly rude and demanding customers, but… Read More »The mindset that brings unlimited willpower
WASHINGTON — The Internal Revenue Service today announced Monday, January 23, 2023, as the beginning of the nation’s 2023 tax season when the agency will begin accepting and processing 2022 tax year returns. More than 168 million individual tax returns are expected to be filed,… Read More »IRS sets January 23 as the official start to the 2023 tax filing season; more help is available for taxpayers this year
Housing is only one of the many costs of sending a child to college, but it is also an area that presents parents with numerous options. A student can live in a dormitory on campus or rent an apartment, or her parents can buy property… Read More »Tax Implications of Owning a Second Home for a Child in College
KEY POINTS Inflation closed out 2022 in a modest retreat, with consumer prices in December posting their biggest monthly decline since early in the pandemic, the Labor Department reported Thursday. The consumer price index, which measures the cost of a broad basket of goods and services, fell 0.1%… Read More »Consumer prices fell 0.1% in December, in line with expectations from economists
KEY POINTS Starting this month, more than 65 million Social Security beneficiaries will receive benefit checks that include a record-breaking 8.7% cost-of-living adjustment. Social Security benefits are slated to increase by more than $140 per month on average, according to the Social Security Administration. The average… Read More »When Social Security beneficiaries can expect the first checks of 2023 to include an 8.7% cost-of-living adjustment
The IRS will begin the 2023 filing season in much better shape than it was a year ago, with a greatly reduced backlog, a funding increase from Congress, and more workers, National Taxpayer Advocate Erin Collins said Wednesday in her annual report to Congress. The… Read More »National taxpayer advocate: IRS in better shape now than a year ago
CFOs should be aware of these data points on employment trends, CPI, and productivity going into 2023. FOs are number-centric, data-driven thinkers. Through our Wednesday newsletters, we have brought you extensive content surrounding data, statistics, and the corresponding trends emerging from that data. Below are four… Read More »2023 Outlook: 4 Charts to Watch
In addition, one in 10 small businesses went viral on TikTok organically, according to a new survey from Capterra. A new survey from Capterra, an online marketplace for the enterprise software industry, found that 78% of small businesses that run ads on TikTok have already realized… Read More »78% of Small Businesses Say TikTok Ads Have Boosted Profits
(Bloomberg) — Bond-market bulls are getting an early taste of what they expect to be a winning trade of 2023. On Friday, shorter-dated Treasuries led a broad market rally after the jobs report for December showed a slowdown in wage growth and a gauge of… Read More »Bond Rally Gives Early Win to Wall Street’s 2023 Yield-Curve Bet