The media has been full of headlines discussing various income tax proposals, many of which focus on the “wealthy.” Fortunately, many business owners fall into that category, and many are concerned about higher future tax rates. Let’s look at why taxes might increase and how to think differently about your personal and business tax plan. Many of you have seen headlines ...
Read More »Author Archives: Rebekah McClelland
Facebook to shut down face-recognition system, delete data
PROVIDENCE, R.I. (AP) — Facebook said it will shut down its face-recognition system and delete the faceprints of more than 1 billion people amid growing concerns about the technology and its misuse by governments, police and others.
Read More »BP warns of ‘tight’ gas market ahead as profits surge
LONDON (AP) — BP reported soaring profits Tuesday on the back of surging oil and gas prices as the global economy recovers from the coronavirus pandemic. The British energy giant also warned that gas markets would remain “tight” over the coming months, which will likely further pressure household budgets.
Read More »Treasury says plans to borrow $1.02 trillion this quarter
WASHINGTON (AP) — The Treasury Department said Monday it plans to borrow $1.02 trillion during the current quarter, the largest amount since the government began passing trillion-dollar rescue packages for the economy in the spring of 2020.
Read More »Leaders dial up doomsday warning to kick-start climate talks
GLASGOW, Scotland (AP) — World leaders turned up the heat and resorted to end-of-the-world rhetoric Monday in an attempt to bring new urgency to sputtering international climate negotiations.
Read More »Coke acquires remainder of sports drink BodyArmor for $5.6B
Coke said Monday it paid $5.6 billion for the remaining 85% of BodyArmor. Coke originally bought a 15% stake in the BodyArmor in 2018.
Read More »A chain of pain
Pandemic-driven supply chain pain isn’t expected to go away any time soon.
Read More »US wages jump by the most in records dating back 20 years
WASHINGTON (AP) — Wages jumped in the three months ending in September by the most on records dating back 20 years, a stark illustration of the growing ability of workers to demand higher pay from companies that are desperate to fill a near-record number of available jobs.
Read More »US consumer spending up a modest 0.6% with inflation high
WASHINGTON (AP) — American consumers slowed their spending to a gain of just 0.6% in September, a cautionary sign for an economy that remains in the grip of a pandemic and a prolonged bout of high inflation.
Read More »Stocks wobble on Wall Street, easing back from record highs
Stocks wobbled in afternoon trading on Wall Street Wednesday, a day after the S&P 500 and the Dow Jones Industrial Average set their latest record highs.
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