Secretary of Labor Marty Walsh speaks during a news conference at the White House in Washington, April 2, 2021. Erin Scott | Reuters Most American workers dream of a comfortable retirement. Yet many find their money falls short of meeting that goal when they reach their golden years. Much of the problem has to do
Month: December 2022
The unemployment rate in November remained super low — unchanged from 3.7% in October 2022. The jobs report is hot in another respect. Earnings are much higher than expected — some predicted a much lower rate of increase, instead of the 0.6% month-over-month wage. This report doesn’t bode well for a Federal Reserve reaction. We
Tax Notes contributing editors Robert Goulder and Joseph J. Thorndike consider the historical context of why the IRS Criminal Investigation division carries guns. This transcript has been edited for length and clarity. Robert Goulder: This past summer Congress passed the Inflation Reduction Act (P.L. 117-169), which boosted IRS funding to the tune of $80 billion
City Developments Ltd. (CDL)—controlled by billionaire Kwek Leng Beng—has deferred plans to list its commercial properties in the U.K. on the Singapore Exchange amid heightened market volatility and macroeconomic headwinds. The company aimed to raise about 500 million pounds ($607 million) from the maiden share sale of a portfolio of U.K. commercial properties—including an office
President-elect Donald Trump and musician Kanye West pose for media at Trump Tower in Manhattan, New York City, U.S., December 13, 2016. Andrew Kelly | Reuters President Joe Biden denounced antisemitism and took a veiled jab at Donald Trump days after the former president dined with rapper Ye, who has made a string of recent
In this article ASAN PD DASH HZNP MRVL ZS Follow your favorite stocksCREATE FREE ACCOUNT Zscaler rings the opening bell at the Nasdaq exchange in New York, March 16, 2018. Source: Nasdaq Check out the companies making headlines in midday trading. Zscaler – The cloud security company’s shares dipped 10.7% following its quarterly earnings report,
The Supreme Court on Thursday declined to greenlight President Joe Biden’s sweeping student debt forgiveness plan. Instead, the court said it will hear full oral arguments from both sides of the issue in February on an expedited basis. It will then issue a final ruling, per its official procedures, likely in June, at the end
In this article GS Follow your favorite stocksCREATE FREE ACCOUNT David Solomon, chief executive officer of Goldman Sachs, speaks during the Milken Institute Global Conference in Beverly Hills, April 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs traders and salespeople will have to contend with a bonus pool that’s at least
Tom Werner | DigitalVision | Getty Images After another year of tax law changes, there are significant updates for the 2022 season, with the possibility of a smaller refund or bigger bill for many taxpayers, experts say. With many Americans facing reduced tax breaks, it’s important to be proactive with year-end planning before the calendar
Key takeaways Following on from quiet quitting and the great resignation, the latest trend in the labor market is ‘career cushioning’ This new term reflects the concern over the economy, with many workers making plans as to how they’re going to secure themselves should a recession hit It makes a lot of sense to prepare
A key subtext to the debate over whether to restore the expanded 2021 version of the Child Tax Credit (CTC) is this: Does the credit help reduce child poverty by giving low-income families much needed money, or does it increase poverty by discouraging work? The debate is especially intense around the 2021 provision that made
The 1992 film Unforgiven, directed by and starring Clint Eastwood, was one of the most critically acclaimed Westerns of the 1990s. The recipient of four Academy Awards (best picture, best director, best supporting actor and best editing), the film was selected for preservation in the Library of Congress National Film Registry. It was also a
In this article 7203.T-JP Follow your favorite stocksCREATE FREE ACCOUNT A Toyota logo displayed on a vehicle in Poland. The Japanese automotive giant started working on the development of fuel cell vehicles back in 1992. Artur Widak | Nurphoto | Getty Images LONDON — A consortium led by automotive giant Toyota will receive millions in
In this article PD DASH HZNP ZS MRVL Follow your favorite stocksCREATE FREE ACCOUNT Marvell Technology Group Source: marvell.com Check out the companies making headlines before the bell: Marvell Technology (MRVL) – The chip maker’s stock slid 4.9% in the premarket after quarterly sales and profit fell short of Wall Street estimates. Marvell also issued
Gaining a second passport is a crucial step in internationalizing your life. You can be a dual citizen of the United States and another country, depending on the place. For the average American, the advantages of a second passport are many: immediate residency and the right to work in another country; safer, easier, and less
Set just south of its glitzy sister, Las Vegas, is Nevada’s second-largest city: Henderson. In some ways, it seems a world away. Exuding many small-town aspects, the city boasts farmers markets, 180 miles of trails, a pond-filled bird-viewing preserve and lion sanctuary. The nearly $7.5 million home is the master-planned MacDonald Highland’s community of Henderson,
The Senate passed legislation that would force a tentative rail labor agreement and thwart a national strike. A separate vote on adding seven days of paid sick leave to the agreement failed. The approved bill, passed by a vote of 80 to 15, now goes to President Joe Biden, who had urged Congress to act
Residents queue at a Covid-19 testing booth in Beijing, China, on Monday, Nov. 28, 2022. The capital city has required regular virus tests for more than half a year. Bloomberg | Bloomberg | Getty Images BEIJING — Local frustration with Covid controls in China has increasingly targeted virus testing requirements and the big business they’ve
The Covid-19 unit at United Memorial Medical Center in north Houston. Carolyn Cole | Los Angeles Times | Getty Images Long Covid has affected as many as 23 million Americans to date — and it’s poised to have a financial impact rivaling or exceeding that of the Great Recession. By one estimate, the chronic illness
Momo Productions | Digitalvision | Getty Images Remote work surged in the pandemic era — but this trend, borne of necessity for public health, has now become a fixture of the U.S. job market, one that’s likely to remain entrenched, according to labor experts. Almost 10% of online job searches in September mentioned “remote work,”