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75% of CFOs Embrace Double Digit Spending Increases
CFOs want to spend more, but access to capital is the challenge, per the CFO Alliance sentiment report.
By
Adam Zaki
| January 26, 2023
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The Economy
U.S. Economy Posts Smallest Annual Gain Since 2016
“Certainly, the economy isn’t firing on all cylinders, but it also doesn’t appear to be at risk of stalling out either.”
By
Matthew Heller
| January 30, 2020
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The Economy
U.S. Economic Growth Slows to 2.6% in Q4
“I think this is a slowing. I don’t think this is ‘we’re falling into an abyss," one economist says.
By
Matthew Heller
| February 28, 2019
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The Economy
U.S. Budget Deficit Swells to $779B in FY 2018
The White House blames increased spending for the mounting deficit but its own data "suggest falling revenues were a far larger contributor."
By
Matthew Heller
| October 16, 2018
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The Economy
Rising Income Gap Threatens U.S. Credit Rating
"Pressures from rising inequality will exacerbate already material fiscal challenges on the horizon," Moody's warns in a report.
By
Matthew Heller
| October 9, 2018
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The Economy
U.S. Economy Slows to 2.3% Growth Rate in Q1
Economists expect the GOP tax cuts to give a boost to GDP in Q2 but the economy may still fall short of President Trump's 3% target this year.
By
Matthew Heller
| April 30, 2018
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The Economy
U.S. Budget Deficit Widens to $208B in March
The U.S. government's rising debt "would have serious negative consequences for the budget and the nation," the CBO warned this week.
By
Matthew Heller
| April 12, 2018
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The Economy
Small-Business Optimism Falls Despite Tax Cuts
"The big picture remains solid, with small firms as optimistic, and inclined to spend and hire, as [much as] they have ever been," the NFIB says.
By
Matthew Heller
| April 10, 2018
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The Economy
U.S. Consumer Sentiment Hits 14-Year High
The gain reflected a surge in confidence among lower-income households that have benefited from the GOP's tax cuts.
By
Matthew Heller
| March 19, 2018
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The Economy
U.S. Budget Deficit Grows to $215 Billion
The February shortfall is an early indication of the effects of the GOP tax cuts, with withholding taxes falling 2%.
By
Matthew Heller
| March 12, 2018
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The Economy
U.S. Trade Gap Rises 12.1% in 2017
The December deficit was the largest since 2008 as robust domestic demand pushed imports to a record high of $256.5 billion.
By
Matthew Heller
| February 7, 2018
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The Economy
US Productivity Posts Unexpected 0.1% Drop
The Q4 decline follows a 2.7% gain in Q3 but economists believe higher capital spending could lift productivity this year.
By
Matthew Heller
| February 1, 2018
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Tax
Tax Law Knocks American Express Into the Red
The company posted its first net loss in a quarter of a century but adjusted earnings and revenue beat analysts' estimates.
By
Matthew Heller
| January 19, 2018
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Human Capital & Careers
Humana Puts Tax Savings Into Worker Benefits
The insurer is raising its minimum wage, joining other companies that have announced some form of bonus or wage hike resulting from the new tax law.
By
Matthew Heller
| January 17, 2018
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Investment Banking
JPMorgan Takes $2.4B Charge Due to Tax Law
The bank's Q4 adjusted earnings beat analysts' estimates and it expects the tax cuts will boost profits "in 2018 and beyond."
By
Matthew Heller
| January 12, 2018
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Tax
Goldman to Take $5B Charge From New Tax Law
Two-thirds of the writedown is due to a provision of the law designed to encourage companies to repatriate funds from overseas.
By
Matthew Heller
| December 29, 2017
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