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DETROIT — The United Auto Workers strike is bringing a blue-collar versus billionaire battle to the Motor City, just as UAW President Shawn Fain wanted. The outspoken union leader has weaponized striking — historically a last resort for the union — after less than 24 hours into a work stoppage arguably better than any UAW …
Continue reading “UAW strike brings blue collar battle, Bernie Sanders to Detroit”
In an aerial view, burned cars and homes are seen in a neighborhood that was destroyed by a wildfire on August 18, 2023 in Lahaina, Hawaii. Justin Sullivan | Getty Images Widespread damage from Hawaii’s recent wildfires and Hurricane Idalia in Florida underscores the costly effects of natural disasters on small businesses. The total cost to …
Continue reading “The catastrophe period loans which are key to Important Avenue’s survival”
Fans watch a movie at a cinema in Shanghai. Future Publishing | Future Publishing | Getty Images Women are fueling China’s box office despite making up a smaller share of the population — and Hollywood should take note. While women account for less than half the Chinese population, they represent 52% of monthly moviegoers, according …
Continue reading “Girls are fueling the field workplace in China, Hollywood ought to take notice”
As President Biden begins to more forcefully build a reelection case citing Bidenomics, Wall Street forecasts and actual GDP data are supportive, as are recent improving sentiment scores from consumers and CEOs. But on Main Street, small business owners remain a difficult group for Biden to win over. Small business confidence is back at an …
Continue reading “Primary Road confidence tanking once more, particularly in banks and Biden”
Ten milligram tablets of the hyperactivity drug, Adderall, made by Shire Plc. Jb Reed | Bloomberg | Getty Images It’s been 10 months since the Food and Drug Administration first announced a nationwide shortage of Adderall — one of the most widely used medications for attention deficit hyperactivity disorder — and the supply strain could …
Continue reading “ADHD drug market faces back-to-school provide pressure”
As the year-end approaches, there’s been debate around tax reporting for business transactions on payment apps such as Venmo and PayPal, along with e-commerce companies, such as eBay, Etsy and Poshmark. Some lawmakers are pushing to increase the IRS reporting threshold for Form 1099-K, which covers third-party business payments. Taxpayers who use a payment app to process transactions for …
Continue reading “Some lawmakers need to improve the 1099-Ok tax reporting thresholds”
Shoppers at a TJ Maxx store in New York. Scott Mlyn | CNBC Cash-strapped consumers may be pulling back on discretionary purchases at Target, but they’re spending big on name brands and home goods at off-price TJX Cos. The discounter raised its full-year outlook on Wednesday after posting a 7.7% year-over-year sales jump and a …
With national labor market data showing that the economy only provides jobs for one out of every five Americans with intellectual and developmental disabilities, the opportunities for those with I/DD in the workforce are clearly lacking. Amy and Ben Wright, co-founders of Bitty and Beau’s Coffee, are entrepreneurs — and parents — making a dent …
Continue reading “That is America’s most unconsidered workforce, with 80% unable to seek out work”
David Solomon, Chairman and CEO, Goldman Sachs, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 29, 2019 in Beverly Hills, California. Michael Kovac | Getty Images Entertainment | Getty Images Goldman Sachs is known as Wall Street’s top brand, a juggernaut employing some of …
Continue reading “Goldman Sachs CEO David Solomon bets on asset administration”
IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters Scrutiny of a pandemic-era tax credit intensified this week as lawmakers, the IRS and tax professionals sought solutions for the wave of small businesses that wrongly claimed the tax break. The employee retention credit, or ERC, …
Continue reading “Home lawmakers scrutinize pandemic-era worker retention tax credit score”
