“This year, Santa may not deliver.” That was the humbug assessment from Citigroup’s global asset allocation team, who predicted Wall Street is unlikely to see a late-year bounce because 2022’s performance hasn’t been good enough thus far. “Given that a Fed pivot is for now out of...
WASHINGTON — A handful of large companies, such as Berkshire Hathaway Inc. BRK.A, -0.22% BRK.B, -0.28% and Amazon.com Inc. AMZN, -3.01%,  could bear most of the burden from a 15% corporate minimum tax President Joe Biden signed into law last month. Researchers at the University of North Carolina Tax Center analyzed securities filings to determine...
Zoom ZM, -0.12% and Google GOOGL, -1.40% meeting invitations are inundating workers’ inboxes. Employees, eager to show how engaged they are in their work, are firing off emails and Slack messages at all hours of they day and night. Nevertheless, managers rarely feel that their staffers who work from...
The Fed is ready to bring the pain. Are you prepared? Weeks ago, Federal Reserve Chair Jerome Powell cautioned there would be “some pain to households and businesses” as the central bank jacks up interest rates to fight inflation that’s higher than it’s been in four decades. Powell...
The Food and Drug Administration spent months probing the nationwide shortage in baby formula, and conducted 40 interviews with more than 60 of its staff and leadership. As shortages still persist in some states, the agency found five major areas of improvement.  “Although the limitations uncovered in our evaluation...
The Internal Revenue Service gets grouchy when people do not file their income taxes on time, either by skipping an extension request, filing after the extension deadline or not submitting their tax return at all. That’s not a surprise, and the IRS metes out a stiff “failure to file”...
The numbers: Home shoppers are fed up waiting for the economy to turn, and with the prospect of further rate hikes, they’re slowly coming around to purchasing new homes and refinancing their mortgages. Despite rates topping 6%, demand from buyers has bounced back slightly, as reflected in the market...
Labor Day marked the waning days of summer, ushering in school calendars and, this year, the time when management would really start having staff returning to the office more frequently. For example, half (51%) of companies polled in August said they expected workers to use the physical offices more...
New York, maybe the people don’t quite love you anymore. According to a new report by moveBuddha, a site where people can calculate their moving costs, New York lost more residents than any other state between April 1, 2020 and July 1, 2021, according to the U.S. Census Bureau...
Credit-card debt has surged 13% this past year — the largest increase in 20 years. If you find yourself with a growing amount of debt, you need to get yourself back on solid footing before it snowballs out of control. As I’ve learned from coaching thousands...