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Investors price in growing chance of another Federal Reserve interest rate rise

Traders have built up bets that the Federal Reserve could raise interest rates again, a once-unthinkable prospect that highlights a shift in market expectations after stronger than expected US economic data and hawkish comments from policymakers. Options markets now suggest a roughly one in five… Read More »Investors price in growing chance of another Federal Reserve interest rate rise

You Won’t Be a Successful Entrepreneur Until You Adopt These 3 Habits

Contrary to popular belief, reaching professional goals doesn’t always have to equate to revenue. Although money makes a difference when growing your brand and solidifying your place as a successful entrepreneur, make sure you’re investing in yourself in other ways as part of a long-term strategy. Sometimes,… Read More »You Won’t Be a Successful Entrepreneur Until You Adopt These 3 Habits

Emotional intelligence is a top skill in the workplace. But can it be taught?

Top performers and the best leaders usually have one skill in common: a high level of emotional intelligence. The bulk (90%) of top performers have high emotional intelligence and 58% of job performance is impacted by emotional intelligence, according to research from TalentSmartEQ, which provides… Read More »Emotional intelligence is a top skill in the workplace. But can it be taught?

Consumer prices rose 3.5% from a year ago in March, more than expected

KEY POINTS The consumer price index accelerated at a faster-than-expected pace in March, pushing inflation higher and likely dashing hopes that the Federal Reserve will be able to cut interest rates anytime soon. The CPI, a broad measure of goods and services costs across the economy, rose 0.4% for the month, putting the 12-month… Read More »Consumer prices rose 3.5% from a year ago in March, more than expected

Kauffman Fellows Sentiment Survey Says Venture Investors Plan To Spend More In 2024

“It’s time for founders to take out their pitch decks,” said Fernando Fabre, CEO of Kauffman Fellows, as he previewed the results of the almost 30-year-old organization’s first venture sentiment survey.    Around 53%  of investors surveyed predicted that 2024 will pick up in terms of investment pace… Read More »Kauffman Fellows Sentiment Survey Says Venture Investors Plan To Spend More In 2024

Powell: Fed still sees rate cuts this year; election timing won’t affect decision

WASHINGTON (AP) — Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said Wednesday, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February. “The recent data do not… Read More »Powell: Fed still sees rate cuts this year; election timing won’t affect decision

Thank ‘gangbusters’ corporate profits for keeping you employed and staving off the recession, top economist says

Corporate profits hit record highs in the fourth quarter of last year. But corporations aren’t the only ones riding high: The supercharged bottom lines of America’s biggest companies may have helped boost the entire country’s economy, keep people employed, and avert a recession.  Overall, the U.S. economy has been rounding… Read More »Thank ‘gangbusters’ corporate profits for keeping you employed and staving off the recession, top economist says

Never Ending Revenge Spending—‘What Is the New Norm?’

Americans are continuing to spend, despite anxiety over the economy, making companies question their expectations of consumer spending habits during slower economic growth. Shoppers are stretched, but discretionary spending isn’t abating as quickly as some finance chiefs and economists expected—a phenomenon economists and finance chiefs have… Read More »Never Ending Revenge Spending—‘What Is the New Norm?’

Entrepreneurship, Startups, and Business Formation Are Booming Across the U.S.

Recent surges in startups and other forms of business creation are key signs of the economy’s strong recovery following the COVID-19 pandemic recession. Before the pandemic, economists and policymakers worried that a series of metrics such as a falling share of businesses that are less than 1 year old… Read More »Entrepreneurship, Startups, and Business Formation Are Booming Across the U.S.

Wholesale inflation rose 0.6% in February, much more than expected

KEY POINTS Wholesale prices accelerated at a faster-than-expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy. The producer price index, which measures pipeline costs for raw, intermediate and finished goods, jumped 0.6% on the month, the Labor Department’s Bureau… Read More »Wholesale inflation rose 0.6% in February, much more than expected

Janet Yellen warns inflation decline might not be ‘smooth’

EXCLUSIVE: Treasury Secretary Janet Yellen said Wednesday that inflation could face a bumpy return to normal after back-to-back reports showed that price pressures within the U.S. economy rebounded at the start of the year. In a sit-down interview with FOX Business’ Edward Lawrence, Yellen pushed back against stagflation… Read More »Janet Yellen warns inflation decline might not be ‘smooth’

Stock Market News, March 12, 2024: S&P 500 Logs Fresh Record After Hotter-Than-Expected Inflation Data

February’s hotter-than-expected inflation data did little to change investors’ rate-cut expectations for this year. That lifted stocks Tuesday. Read the day’s full markets round-up here. The consumer-price index rose 3.2% in February from a year earlier, topping the 3.1% economists expected. Core inflation, which excludes volatile food and… Read More »Stock Market News, March 12, 2024: S&P 500 Logs Fresh Record After Hotter-Than-Expected Inflation Data

House of Representatives Approves Expanding Access to Capital Act, Legislation Sponsored by Patrick McHenry that Aims to Boost Entrepreneurs, Improve Funding

After several days of debate and discussion, the US House of Representatives has approved the legislation, the Expanding Access to Capital Act (HR 2799). The bill was sponsored by Representative Patrick McHenry, the Chairman of the House Financial Services Committee, an individual who has long supported small businesses and smaller… Read More »House of Representatives Approves Expanding Access to Capital Act, Legislation Sponsored by Patrick McHenry that Aims to Boost Entrepreneurs, Improve Funding

Fed’s Powell still expects rate cuts, but inflation progress “not assured”

(Reuters) – U.S. Federal Reserve Chair Jerome Powell, avoiding disputes over fiscal policy, energy, housing, Ukraine and other tangled issues, told U.S. lawmakers on Wednesday he and his colleagues would “keep our heads down” in a charged presidential election year, with interest rate cuts still likely in… Read More »Fed’s Powell still expects rate cuts, but inflation progress “not assured”

Federal court holds Corporate Transparency Act unconstitutional

A federal district court in Alabama held that the Corporate Transparency Act (CTA), P.L. 116-283, which requires the reporting of beneficial ownership information (BOI) by businesses, is unconstitutional. The district court granted the plaintiffs’ motion for summary judgment Friday in the case of National Small Business… Read More »Federal court holds Corporate Transparency Act unconstitutional

Helping sole proprietors choose between a solo 401(k) and a SEP-IRA

The simplified employee plan–individual retirement account (SEP-IRA) has long been the star option for sole proprietors seeking to reduce income taxes and save for retirement beyond the lower contribution limits of traditional individual retirement arrangements (IRAs). However, with discount brokerage firms’ improvements in ease of… Read More »Helping sole proprietors choose between a solo 401(k) and a SEP-IRA

Stock market today: S&P, Dow hit record highs as Nvidia ignites global stock rally

US stocks soared on Thursday, breaching record highs, powered by blockbuster earnings from AI darling Nvidia (NVDA). The tech-heavy Nasdaq (^IXIC) shot up nearly 3% on the heels of the chipmaker’s results, while the S&P 500 (^GSPC) jumped about 2.2%. The Dow Jones Industrial Average (^DJI) popped… Read More »Stock market today: S&P, Dow hit record highs as Nvidia ignites global stock rally

Recession has struck some of the world’s top economies. The US keeps defying expectations

NEW YORK (AP) — As some of the world’s biggest economies stumble into recession, the United States keeps chugging along. Both Japan and the United Kingdom said Thursday their economies likely weakened during the final three months of 2023. For each, it would be the second straight quarter that’s… Read More »Recession has struck some of the world’s top economies. The US keeps defying expectations

Shaquille O’Neal says this advice from Jeff Bezos got him to invest in a $29 million education startup backed by Sam Altman

When you’re considering investment advice, taking a tip from one of the world’s wealthiest people is probably a good place to start. That’s why Shaquille O’Neal says he turned to Amazon founder Jeff Bezos for inspiration before deciding to invest in Campus, the online community college… Read More »Shaquille O’Neal says this advice from Jeff Bezos got him to invest in a $29 million education startup backed by Sam Altman

Fed on track to cut rates this year with inflation slowing and the economy healthy, Powell says

WASHINGTON (AP) — Chair Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest rates three times this year, a move that’s expected to begin as early as May. Powell, in an interview recorded Thursday for the CBS… Read More »Fed on track to cut rates this year with inflation slowing and the economy healthy, Powell says

Emotionally Intelligent People Use the Complexity Principle to Make Life Easier and Navigate Failure

In my coaching work with senior leaders, a common thread appears–personal identity closely linked to professional roles. For these leaders, work isn’t just a job; it’s a significant part of who they are. Particularly for those in leadership positions, being a leader becomes a central… Read More »Emotionally Intelligent People Use the Complexity Principle to Make Life Easier and Navigate Failure

US SEC set to require more transparency from ‘blank check’ companies

(Reuters) – U.S. blank-check companies and their acquisition targets will take on more legal liability for disclosures about projected earnings and other material information under new rules adopted by the U.S Securities and Exchange Commission on Wednesday. The changes target deals involving “special-purpose acquisition companies”… Read More »US SEC set to require more transparency from ‘blank check’ companies

Regulators Approve New Type of Bitcoin Fund, in Boon for Crypto Industry

Federal regulators on Wednesday approved a new financial product that tracks the price of Bitcoin, a landmark moment for the cryptocurrency industry that proponents hope will increase investment in the technology. The Securities and Exchange Commission authorized 11 applications to offer exchange-traded funds tied to Bitcoin, a potentially… Read More »Regulators Approve New Type of Bitcoin Fund, in Boon for Crypto Industry

Wholesale prices unexpectedly fall 0.1% in December in positive inflation sign

KEY POINTS Wholesale prices unexpectedly declined in December, providing a positive signal for inflation, the Labor Department reported Friday. The producer price index fell 0.1% for the month and ended 2023 up 1% from a year ago, the Labor Department reported Friday. Economists surveyed by Dow Jones… Read More »Wholesale prices unexpectedly fall 0.1% in December in positive inflation sign

Social Security beneficiaries can count on checks as government shutdown deadline looms, expert says

KEY POINTS Congress took a step toward avoiding a looming government shutdown when it reached an agreement Sunday on top-line spending. Even if lawmakers fail to finalize an agreement by the necessary deadlines, there’s good news for approximately 67 million Americans who rely on Social Security for monthly… Read More »Social Security beneficiaries can count on checks as government shutdown deadline looms, expert says

To Achieve Financial Stability, Start With Small Steps

The journey toward achieving financial stability and reaching long-term goals can often seem overwhelming. However, I advocate for an approach centered on small, manageable steps. This method is not about overnight transformations; it’s about cultivating consistency, patience and setting achievable short-term objectives that cumulatively lead… Read More »To Achieve Financial Stability, Start With Small Steps

Federal Reserve minutes: Officials saw inflation cooling but were cautious about timing of rate cuts

WASHINGTON (AP) — The Federal Reserve’s policymakers concluded last month that inflationary pressures were easing and that the job market was cooling. In response, the officials chose to leave their key interest rate unchanged for the third straight time and signaled that they expected to… Read More »Federal Reserve minutes: Officials saw inflation cooling but were cautious about timing of rate cuts

More CPA decision-makers hesitate to hire amid economic concerns

Following a partly sunny summer forecast for the U.S. economy, the outlook among CPA decision-makers again clouded in the latest quarterly survey released Thursday by AICPA & CIMA, together as the Association of International Certified Professional Accountants. Forty-three percent of respondents are pessimistic about the U.S. economy… Read More »More CPA decision-makers hesitate to hire amid economic concerns

Goods Deflation Is Back. It Could Speed Inflation’s Return to 2%.

After a historic run-up in inflation, Americans are now starting to see something they haven’t in three years: deflation. To be sure, deflation—that is, falling prices—is largely confined to appliances, furniture, used cars and other goods. Economywide deflation, when prices of most goods and services continuously… Read More »Goods Deflation Is Back. It Could Speed Inflation’s Return to 2%.

Fed’s favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected

KEY POINTS Inflation as measured by personal spending increased in line with expectations in October, possibly giving the Federal Reserve more incentive to hold rates steady and perhaps start cutting in 2024, according to a data release Thursday. The personal consumption expenditures price index, excluding… Read More »Fed’s favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected

You may be at risk for fraud this holiday season, particularly if you shop at the last minute. Here’s why

KEY POINTS Holiday shopping this year is expected to reach record spending levels, according to the National Retail Federation. But as consumers open their wallets, they may also be making themselves vulnerable to potential fraud, particularly when shopping at the last minute. “Procrastination is, quite frankly, one of… Read More »You may be at risk for fraud this holiday season, particularly if you shop at the last minute. Here’s why

Energized shoppers break one-day holiday sales record

(CNN) — Whether they jostled through brick-and-mortar stores or toggled between tabs and virtual carts, holiday shoppers were eager to participate in Black Friday this year. Both in-store and online retail sales increased year-over-year unadjusted for inflation, according to Mastercard’s SpendingPulse insights, which noted that apparel, jewelry and… Read More »Energized shoppers break one-day holiday sales record

Exclusive: US securities regulator signals it may curb climate rule ambitions

(Reuters) – U.S. Securities and Exchange Commission (SEC) officials have told lobbyists and corporate executives in recent days that the agency’s long-anticipated climate rules may scale back some of the most demanding greenhouse gas emissions disclosure requirements that it had proposed. At issue are so-called… Read More »Exclusive: US securities regulator signals it may curb climate rule ambitions

Fed gave no indication of possible rate cuts at last meeting, minutes show

Federal Reserve officials at their most recent meeting expressed little appetite for cutting interest rates anytime soon, particularly as inflation remains well above their goal, according to minutes released Tuesday.  The summary of the meeting, held Oct. 31-Nov. 1, showed that Federal Open Market Committee members… Read More »Fed gave no indication of possible rate cuts at last meeting, minutes show

Exclusive: US securities regulator signals it may curb climate rule ambitions

(Reuters) – U.S. Securities and Exchange Commission (SEC) officials have told lobbyists and corporate executives in recent days that the agency’s long-anticipated climate rules may scale back some of the most demanding greenhouse gas emissions disclosure requirements that it had proposed. At issue are so-called… Read More »Exclusive: US securities regulator signals it may curb climate rule ambitions

Turkeys are cheaper, but inflation is ‘clearly impacting’ Thanksgiving food costs, economist says. Here’s how to save

KEY POINTS Families preparing for Thanksgiving will find that turkeys are cheaper this year. The U.S. bird population recovered from last year’s avian flu, boosting supply and helping push down prices. This year, a 16-pound frozen whole turkey costs $27.35 on average, a 5.6% decrease from… Read More »Turkeys are cheaper, but inflation is ‘clearly impacting’ Thanksgiving food costs, economist says. Here’s how to save

The ‘Quiet Cutting’ Trend Is A Controversial Leadership Strategy, New Study Shows

There’s a lot of quiet action taking place under the radar in today’s business world. Quiet culture workplace trends—such as quiet firing, quiet quitting and quiet hiring—were intended to assuage the immediate and acute needs of businesses. Instead, they have backfired—creating suspicion, mistrust and low morale. Now, another controversial… Read More »The ‘Quiet Cutting’ Trend Is A Controversial Leadership Strategy, New Study Shows

These behavioral traits lead to greater retirement savings, research finds. Yet only 10% of workers have them

KEY POINTS People who find it easiest to financially prepare for retirement have four behavioral traits, a new survey shows. Yet just 10% of workers have all of these “optimal” characteristics, according to the survey findings, from Goldman Sachs Asset Management in collaboration with Syntoniq, a behavioral… Read More »These behavioral traits lead to greater retirement savings, research finds. Yet only 10% of workers have them

Inflation: Consumer prices were unchanged in October, core inflation rises at slowest pace since September 2021

Consumer prices were unchanged from the prior month in October as a drop in oil prices dragged down headline inflation while “core” inflation rose at the slowest annual pace since September 2021, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. The… Read More »Inflation: Consumer prices were unchanged in October, core inflation rises at slowest pace since September 2021

Embracing authentic demand: The core of innovation leadership

What distinguishes true leaders from managers is their commitment to innovation. Indeed, managing any business is challenging and complex work. It includes facilitating transactions, meeting quality standards, ensuring team productivity and setting and achieving goals — all of which are a manager’s responsibility. But leadership… Read More »Embracing authentic demand: The core of innovation leadership

Private sector payrolls rose 113,000 in October, less than expected, ADP says

KEY POINTS Private sector payroll growth increased modestly in October but missed expectations, in a potential sign that the employment picture could be darkening, ADP reported Wednesday. The payrolls processing firm said that companies added 113,000 workers for the month, higher than the unrevised 89,000 in… Read More »Private sector payrolls rose 113,000 in October, less than expected, ADP says

Inflation adjustments to retirement account limits issued for 2024

The IRS announced the 2024 benefit and contribution limits for qualified retirement plans, including contributions limits for Sec. 401(k) plans and individual retirement arrangements (IRAs), Wednesday, increasing the limits on both by $500. Notice 2023-75 includes updates to dollar limits for a range of qualified retirement… Read More »Inflation adjustments to retirement account limits issued for 2024

Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike

WASHINGTON (AP) — The Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead. The Fed said in a statement after its latest meeting… Read More »Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike

Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines

WASHINGTON (AP) — The Federal Reserve is poised to leave its key interest rate unchanged Wednesday at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil, and anxious investors. U.S. economic… Read More »Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines

Biden signs AI executive order, the most expansive regulatory attempt yet

President Biden signed a sweeping artificial intelligence executive order Monday, wielding the force of agencies across the federal government and invoking broad emergency powers to harness the potential and tackle the risks of what he called the “most consequential technology of our time.” The sprawling effort marks the… Read More »Biden signs AI executive order, the most expansive regulatory attempt yet

US consumers keep spending briskly even in the face of persistent inflation and high interest rates

WASHINGTON (AP) — An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth. Friday’s report from the Commerce Department showed that prices rose 0.4% from August to September, the same as the… Read More »US consumers keep spending briskly even in the face of persistent inflation and high interest rates

‘As if they were never filed’: IRS outlines steps to withdraw ERC claims

Certain employers concerned about the accuracy of an employee retention credit (ERC) claim they filed now have a way to withdraw their claim and avoid future repayment, interest, and penalties. The IRS on Thursday released details of a special process for eligible employers to withdraw ERC claims… Read More »‘As if they were never filed’: IRS outlines steps to withdraw ERC claims

Americans Failed to Pay a Record $688 Billion in Taxes. The IRS Says That Will Change.

Americans didn’t pay an estimated $688 billion in taxes due on their 2021 returns—the largest shortfall ever. Audits and other enforcement will be stepped up to reduce the gap, the Internal Revenue Service said Thursday. The number includes $542 billion due to underreported income, with… Read More »Americans Failed to Pay a Record $688 Billion in Taxes. The IRS Says That Will Change.

Fed officials see ‘restrictive’ policy staying in place until inflation eases, minutes show

Federal Reserve officials at their September meeting differed on whether any additional interest rate increases would be needed, though the balance indicated that one more hike would be likely, minutes released Wednesday showed. While there were conflicting opinions on the need for more policy tightening,… Read More »Fed officials see ‘restrictive’ policy staying in place until inflation eases, minutes show