Merger and Acquisition took a break when the Federal Reserve and EU began aggressively raising interest rates from their zero and negative levels back in March and July 2022 respectively.
Tag: U.S. economy
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IRS NEEDS TO BOOST WORKFORCE TO 100,000 TO KEEP GETTING MORE TAXPAYER’S MONEY
By 2027, the U.S. Internal Revenue Service will need to add another 10,000 workers to its current 90,000 to reach its goals in modernizing systems, providing higher-quality services to taxpayers, and spotting and pursuing tax cheats and dodgers, IRS commissioner Danny Werfel told an 18 March press briefing.
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U.S. CONSUMERS CONTINUE TO SLOW THEIR SPENDING
Inflated prices, emptied savings accounts, and high credit card debt seem to be continuing to persuade U.S. shoppers to curb their free-spending ways.
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ECONOMIC UPDATE – MARKET OVERVIEW
The U.S. equity markets are on a tear, racking up one of the strongest first quarters in 75 years, and The Street is betting that they will keep going higher.
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FEBRUARY HOME SALES UP MOST IN A YEAR
In February, 9.5 percent more U.S. homes sold than in January, the National Association of Realtors (NAR) reported. Although sales were down 3.3 percent year on year, February this year marked the largest monthly jump since February 2023.
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SPOTLIGHT: BIGS GETTING BIGGER
Merger and Acquisition took a break when the Federal Reserve and EU began aggressively raising interest rates from their zero and negative levels back in March and July 2022 respectively.
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JPMORGAN FINED ALMOST $350 MILLION FOR COMPLIANCE FAILURE
Yet again, JPMorgan Chase, America’s biggest bank by assets, has been charged by federal regulators with failing to abide by rules governing oversight of billions of dollars’ worth of trades the bank and its clients have made.
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ALMOST HALF OF U.S. PARENTS FINANCIALLY AID ADULT CHILDREN, STUDY SAYS
Forty-seven percent of U.S. adults with Millennial or Gen Z children are helping them financially, a Savings.com survey found.
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TECH LAYOFFS PROMPT “SENSE OF IMPENDING DOOM” AMONG VICTIMS
Since 1 January, more than 200 tech businesses have laid off more than 50,000 workers, the most since the dot-com crash in 2001, data website Layoffs.fyi reported. Alphabet, Amazon, Cisco, eBay, Meta, Microsoft, SAP, and Unity Software all have cut jobs.
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“REFERENCE PRICES” BLIND CONSUMERS TO A STRONG U.S. ECONOMY
U.S. inflation peaked at 9.1 percent in June 2022 and has fallen steadily since then, landing at 3.2 percent in February, almost a two-thirds reduction.