By some early estimates, the U.S. economy, as measured by grossdomestic product, may have shrunk in the three months from Aprilthrough June. Add that to the decline from January through March, andthat would be a… Read More »Explainer: Is the U.S. in a recession? GDP is not the only measure
Fed Chairman Jerome Powell on Wednesday said there was no guarantee that the central bank can engineer a soft landing for the U.S. economy. “We think that there are pathways for us to achieve the… Read More »Powell says no guarantee of a soft landing for the U.S. economy
A U.S. Supreme Court decision to curb the Environmental Protection Agency’s power to regulate greenhouse gas emissions may be bad news for a Securities and Exchange Commission (SEC) bid to force companies to disclose their… Read More »U.S. Supreme Court emissions ruling may stop SEC drive for disclosure
How the second half will play out is still a coin toss Inflation will ease in coming quarters: Northwestern Mutual The S&P 500 suffered its worst first half since 1970. But its dismal performance is… Read More »S&P 500’s Brutal First Half Has Little Bearing on the Future
FASB issued an Accounting Standards Update (ASU) that improves financial reporting for investors and other financial statement users by increasing the comparability of financial information across reporting entities that have investments in equity securities measured at fair… Read More »FASB issues standards to improve fair value guidance for equity securities
Q. Help! I have been working on a very important Excel file for a client, and suddenly my computer locked up and says, “Excel is not responding.” Is there anything I can do so that I… Read More »2 ways to recover unsaved Excel files
KEY POINTS Thanks to inflation, even a backyard barbecue is more expensive this year. Here are five ways to save money over the Fourth of July weekend without sacrificing the festivities or fun. Nothing says… Read More »Inflation is making Fourth of July celebrations more expensive than ever
If your client just set up their startup business, they might not wantto try to write off the costs and forget about it. As Ken Berry pointsout, a new Tax Court case makes the IRS’s… Read More »Tax Court Halts Deduction for Start-Up Costs
KEY POINTS Major corporations tell CNBC that even as the stock market is volatileand recession risk elevated, spending levels will increase.Technology is a primary reason as firms need to stay on top of areaslike AI… Read More »The corporate spending that can’t wait for a recession to pass
Summary U.S. consumer expectations sink to a near-decade lowNike slips on downbeat quarterly revenue forecastIndexes down: Dow 1.56%, S&P 2.01%, Nasdaq 2.98% Wall Street closed sharply lower in a broad sell-off on Tuesday asdire consumer… Read More »Wall Street stumbles as consumer pessimism stokes growth fears