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7 Tips For Leaders To Maximize Vacation Benefits And Productivity

Business leaders recognize that balancing professional responsibilities with personal well-being is essential. Understanding how vacation duration impacts recovery and productivity is key to maintaining a healthy, motivated workforce. Historically, longer vacations have been favored, but recent insights suggest that shorter breaks may offer significant benefits.… Read More »7 Tips For Leaders To Maximize Vacation Benefits And Productivity

Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more confidence before cutting

KEY POINTS Federal Reserve Chair Jerome Powell expressed satisfaction Tuesday with the progress on inflation over the past year but said he wants to see more before being confident enough to start cutting interest rates. “We’ve made quite a bit of progress and in bringing… Read More »Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more confidence before cutting

The No. 1 trait that sets highly successful people apart, says Harvard expert: ‘It’s rare to find’

Harvard Business School professor Joseph Fuller has spent the better part of a decade studying — and working with — some of the world’s most successful people, from Fortune 500 executives to Nobel Prize laureates.  What sets high achievers apart from everyone else, Fuller has… Read More »The No. 1 trait that sets highly successful people apart, says Harvard expert: ‘It’s rare to find’

Consumer confidence dips again. Americans anxious about the economy.

The numbers: Consumer confidence fell slightly in June and reflected the ongoing uncertainty among Americans about the future of the economy. The consumer-confidence index slipped to 100.4 this month from a revised 101.3 in May, the Conference Board said Tuesday. Economists polled by the Wall Street Journal had… Read More »Consumer confidence dips again. Americans anxious about the economy.

U.S. Workers Are Experiencing A Gap Between Expectations Versus Reality

Workers are feeling less optimistic, according to recent data from Glassdoor’s Employee Confidence Index. Professionals reporting a positive six-month business outlook plummeted to 46.4% in May, continuing its spiral downward in the last two years. A key factor impacting employee confidence has been declining satisfaction with… Read More »U.S. Workers Are Experiencing A Gap Between Expectations Versus Reality

S&P 500 closes slightly lower after briefly breaching 5,500, Nvidia takes a breather: Live updates

The S&P 500 pulled back on Thursday after briefly passing the 5,500 level for the first time ever as market bellwether Nvidia gave up earlier gains. The broad market index fell 0.25% to end at 5,473.17. Earlier in the session, the S&P 500 rose as much as 0.34%… Read More »S&P 500 closes slightly lower after briefly breaching 5,500, Nvidia takes a breather: Live updates

Making a plan to pay for long-term care: Insurance and other alternatives

KEY POINTS Almost three-quarters — 70% — of people turning 65 will need long-term care in their lifetime, according to a report by the Urban Institute and the Department of Health and Human Services. How to pay for that care is worrisome for many families.  Stacey Hachenberg, 58, and her partner,… Read More »Making a plan to pay for long-term care: Insurance and other alternatives

‘We know something big is happening’: Tech vets encourage experimentation, education with AI

If you’re not spending time each day trying out new AI tools and understanding how the burgeoning technology may impact your work or life — you’re going to fall behind. That was the message from a group of longtime technology leaders speaking about the future… Read More »‘We know something big is happening’: Tech vets encourage experimentation, education with AI

World Bank boosts forecast: Strength of US economy will support global growth of 2.6% this year

WASHINGTON (AP) — The World Bank upgraded its outlook for the global economy Tuesday, estimating that it will expand 2.6% this year on the strength of sustained growth in the United States. The bank’s latest outlook marks an increase from the 2.4% growth for 2024… Read More »World Bank boosts forecast: Strength of US economy will support global growth of 2.6% this year

U.S. adds a much-better-than-expected 272,000 jobs in May, but unemployment rate edges up to 4%

KEY POINTS The U.S. economy added far more jobs than expected in May, countering fears of a slowdown in the labor market and likely reducing the Federal Reserve’s impetus to lower interest rates. Nonfarm payrolls expanded by 272,000 for the month, up from 165,000 in… Read More »U.S. adds a much-better-than-expected 272,000 jobs in May, but unemployment rate edges up to 4%

Generative AI Is Forcing Employees To ‘Level Up,’ Report States

About three quarters of organizations plan to change their talent strategies in the next two years, focusing on altering work processes and investing in upskilling and reskilling, according to the Deloitte AI Institute’s latest report. To address potential job displacement, these organizations are retraining their workforces,… Read More »Generative AI Is Forcing Employees To ‘Level Up,’ Report States

US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending

(AP) — The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said Thursday in a downgrade from its previous estimate. Consumer spending rose but at a slower pace than… Read More »US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending

JPMorgan Traders See Nvidia, Economy Fueling S&P 500 Gains

Another round of blowout earnings from artificial-intelligence darling Nvidia Corp. and the economy’s steady advance mean the S&P 500 Index likely has further room to rise, according to JPMorgan Chase & Co.’s trading desk. “With the AI-theme still delivering and the macro hypothesis intact, we are likely to continue to make… Read More »JPMorgan Traders See Nvidia, Economy Fueling S&P 500 Gains

JPMorgan CEO Jamie Dimon says can’t rule out ‘hard landing’ for the U.S., stagflation will be ‘worst outcome’

KEY POINTS JPMorgan Chase’s chairman and CEO, Jamie Dimon, says a “hard landing” for the U.S. cannot be ruled out. When asked by CNBC’s Sri Jegarajah about the prospect of a hard landing, Dimon replied: “Could we actually see one? Of course, how could anyone who reads history… Read More »JPMorgan CEO Jamie Dimon says can’t rule out ‘hard landing’ for the U.S., stagflation will be ‘worst outcome’

Fed’s Powell downplays potential for a rate hike despite higher price pressures

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again. Yet Powell, during a panel discussion in… Read More »Fed’s Powell downplays potential for a rate hike despite higher price pressures

CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago

KEY POINTS Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that would suggest a cut in interest rates is imminent. The consumer price index, a broad measure of how much goods and services cost at the… Read More »CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago

Social Security now expected to run short on funds in 2035, one year later than previously projected, Treasury says

KEY POINTS The trust funds the Social Security Administration relies on to pay benefits are now projected to run out in 2035, one year later than previously projected, according to the annual trustees’ report released Monday. On the projected depletion date, 83% of benefits will be payable… Read More »Social Security now expected to run short on funds in 2035, one year later than previously projected, Treasury says

McDonald’s and other big brands warn that low-income consumers are starting to crack

KEY POINTS Some of America’s best-known corporations are saying their consumers are being pinched by inflation as prices continue rising. Inflation has dominated corporate America’s discourse over the past three years following the pandemic-induced easing of monetary policy and trillions of dollars in Covid relief. Though the pace… Read More »McDonald’s and other big brands warn that low-income consumers are starting to crack

Fed Chair Jerome Powell Projects Optimism, But Inflation Data Are in the Driver’s Seat

Federal Reserve Chair Jerome Powell tried to keep the central bank’s options open Wednesday by sticking with his view that interest rates are restrictive and that inflation was likely to resume its decline. But a string of disappointing readings on price and wage pressures have… Read More »Fed Chair Jerome Powell Projects Optimism, But Inflation Data Are in the Driver’s Seat

U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%

KEY POINTS The U.S. economy added fewer jobs than expected in April while the unemployment rate rose, lifting hopes that the Federal Reserve will be able to cut interest rates in the coming months. Nonfarm payrolls increased by 175,000 on the month, below the 240,000… Read More »U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%

Confidence of US consumers continues to decline as Americans worry about the future

WASHINGTON (AP) — U.S. consumer confidence deteriorated for the third straight month as Americans continue to fret about their short-term financial futures with prices and interest rates still elevated. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to… Read More »Confidence of US consumers continues to decline as Americans worry about the future

The Fed’s preferred inflation gauge just moved in the wrong direction

(CNN) — Inflation remained stubbornly high last month, but it hasn’t stopped Americans from spending. The Personal Consumption Expenditures price index — a closely watched inflation gauge favored by the Federal Reserve — accelerated to 2.7% for the year ended in March, according to data released Friday… Read More »The Fed’s preferred inflation gauge just moved in the wrong direction

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