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Fed poised to hike rates by three-quarters of a percentage point to fight inflation The Federal Reserve is expected to hike interest rates by three-quarters of a percentage point on Wednesday, in the latest push to rein in inflation that remains at 40-year highs, is threatening the overall economy, and is weighing on families and ...
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Recession experts don't think we are in one and neither do I That's when the U.S. Bureau of Economic Analysis, the federal agency that measures the gross domestic product, will release its estimate of second-quarter GDP. And it seems certain that after adjusting for inflation, the GDP will show negative growth.
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Facebook parent posts first revenue decline as a public company New York (CNN Business) Facebook is in decline. Meta (FB), Facebook's parent company, reported revenue of $28.8 billion for the three months ending in June, a 1% drop from the prior-year quarter and its first year-over-year revenue decline since going ...
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The changing shape of inflation Over the past 18 months, Americans have faced ongoing waves of steep price hikes as inflation hit 40-year highs. It started with used and then new cars, later whole chickens and ground beef. Now it's gas at the pump or an affordable two-bedroom ...
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Healthcare data breach costs reach record high at $10M per attack: IBM report The unrelenting barrage of cyber attacks against healthcare organizations is causing major financial damage as health systems struggle to mitigate the costs of data breaches. A healthcare data breach now comes with a record-high price tag—to the tune ...
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The Choco Taco is dead, but it will never be forgotten If you love a good Choco Taco, we've got some bad news. The quirky ice cream treat is being discontinued. You might still be able to get one from the remaining supplies in stores or from your local ice cream truck, but once they're gone, don't expect ...
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People & Organizational Performance Most executives know intuitively what academic research has consistently confirmed: organizational factors are powerful drivers of strong, sustained business performance. Winning companies must periodically transform themselves to get—and stay—on top.
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What Plan Sponsors Need to Know About the New 90-Day IRS Preaudit Retirement Pilot Program The U.S. Internal Revenue Service (IRS) is piloting a new retirement plan compliance program that gives plan sponsors the opportunity to correct plan defects 90 days prior to the commencement of an IRS audit. Here's what you need to know.
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