General Motors CEO Mary Barra described it as “an incredibly interesting time” for the automaker ahead of contract negotiations with the UAW in fall 2023 due to two unknowns: the future of union leadership and the health of the US economy. But Barra, who spoke to the media Thursday at an Automotive Press Association event …
GM’s Barra says these 2 issues will top 2023 UAW contract negotiations Read More »
Independent contractors who have earned money through online services will have their income reported to the Internal Revenue Service (IRS) starting in 2023, the agency said in a second warning issued Tuesday. People who have made money through eBay, Etsy, Poshmark, Uber and other digital services will face the new oversight and new rules. It …
IRS issues another tax warning to Americans who earned more than $600 online Read More »
China’s strict zero COVID policy has complicated the global economic recovery. The country tried to eliminate all cases of COVID-19, but three years later frequent shutdowns and strict quarantine guidelines led to food shortages, delayed health care and mental health issues. Ongoing citizen frustrations reached a boiling point on November 24, when protests erupted after …
What China’s zero-COVID issues mean for global economic growth Read More »
My Top 10 Things to Watch Friday, December 2, 2022 1. US stock futures point to a weaker open as bond yields rise on stronger-than-expected job growth and wage inflation in November. Non-farm payrolls increased by 263,000. The country’s unemployment rate remains, as expected, at 3.7%. Average hourly earnings up 0.6% month-over-month and 5.1% year-over-year, …
IDX Digital Assets chief investment officer Ben McMillan discusses Sam Bankman-Fried at the New York Times conference amid FTX fallout. Years before the collapse of Sam Bankman-Fried’s crypto empire, a group of employees quit in a power struggle, after worrying about what they say was his cavalier approach to risk, compliance and accounting. The employees …
A sudden and catastrophic outage of Twitter is unlikely, insiders say. Yet they expect a stream of problems to build up to the point where it can no longer function. With so few employees to share critical work, “Twitter is done,” said one former employee. Twitter’s technical strength is being tested under the leadership of …
As Americans head to the polls, several key personal finance issues weigh on voters’ minds and wallets. This week, the Federal Reserve enacted its fourth consecutive 0.75 percentage point increase in interest rates to fight inflation, triggering further losses in stock markets. Meanwhile, recession fears are growing, with 84% of Americans worried about how a …
5 key personal finance issues this midterm election – and what they mean for your wallet Read More »
