Despite last year’s upheaval, many investors are sticking with long-term plans and tightening their budgets instead of moving money out of stocks and bonds. Heightened geopolitical tensions, soaring inflation, and the subsequent tightening of monetary conditions recently decimated the longest-running bull market in history and… Read More »Investors Nearing Retirement Show Patience With Markets
(Reuters) – Goldman Sachs is expecting a pause this week from the U.S. Federal Reserve after a year-long rate increase campaign as Wall Street banks scale back their hawkish expectations in the aftermath of the ongoing global banking turmoil. Bets of a 50 basis points… Read More »Global banking turbulence prompts Wall Street banks to trim hawkish Fed bets
New York (CNN) — It’s difficult to overstate the influence that Silicon Valley Bank had over the startup world and the ripple effect its collapse this month had on the global tech sector and banking system. While SVB was largely known as a regional bank to those outside of… Read More »Silicon Valley Bank left a void that won’t easily be filled
Treasury secretary defends ‘decisive and forceful actions’ by regulators to avert broader crisis Shares of First Republic and other regional US banks rallied on Tuesday after Janet Yellen said the government stood ready to provide further support for smaller lenders if needed. In an intervention… Read More »First Republic rallies as Yellen says US prepared to give more support
The IRS should spend more of its $80 billion appropriation over 10 years on taxpayer services and business systems modernization and less on enforcement and operations, National Taxpayer Advocate Erin Collins said Thursday in a blog post. The Inflation Reduction Act of 2022, P.L. 117-169, which… Read More »Taxpayer services should get more of that $80 billion, advocate says
When does doing a little work on vacation turn into a stay that piques the interest of local tax authorities? And does a U.K. company, for example, face tax complications abroad if they have staff and key decision-makers are dotted across Europe working remotely? National… Read More »Logging into Zoom at the beach could land you a tax bill
The collapses of Silicon Valley Bank and Signature Bank over the weekend continue to dominate headlines and send ripples through markets. But even before the pair of bank failures, 2023 was on track for a nasty year for corporate defaults across the globe. According to S&P Global Ratings,… Read More »More Companies Are Going Bust This Year—and It’s Not Just Banks
Before the pandemic, Logikcull had an office in downtown San Francisco and, like most tech companies, it had a lot of meetings. After the pandemic, the company bought out the office lease and 110 employees scattered across 40 states and four countries. Just as other companies were adding online… Read More »Could this meeting have been an email? Employees are over meetings. Now companies are too
KEY POINTS Wholesale prices posted an unexpected decline in February, providing some encouraging news on inflation as the Federal Reserve weighs its next move on interest rates. The producer price index fell 0.1% for the month, against the Dow Jones estimate for a 0.3% increase… Read More »Wholesale prices post an unexpected decline of 0.1% in February; retail sales fall
KEY POINTS The pace of wage growth seems to be decelerating, according to the February jobs report issued Friday — but workers still have bargaining power in a cooling but strong job market, economists said. “Workers have a very strong negotiating position,” Mark Zandi, chief economist of Moody’s… Read More »Wage growth is cooling — but workers still have bargaining power, economists say