As President-elect Donald Trump prepares to take office, the American economy is displaying signs of robust health. Chief economist Mark Zandi of Moody’s Analytics recently emphasized this positive outlook at a financial conference, noting that the Gross Domestic Product (GDP) is currently growing at an impressive rate of approximately 3%. Furthermore, business productivity remains strong,
The recent announcement by the Consumer Financial Protection Bureau (CFPB) regarding a new rule aimed at reforming overdraft fees charged by banks has stirred conversations about financial equity and consumer protection. With the potential to save American consumers up to $5 billion annually, this regulation is a significant departure from the traditional models of banking
The recent strides towards stabilizing inflation are fraught with complexities, particularly in the housing sector. For President-elect Donald Trump, addressing housing costs is not merely a side issue; it is pivotal in the broader strategy to rein in inflation. With housing accounting for a significant segment of the Consumer Price Index (CPI) – roughly one-third
Macy’s, the iconic American department store chain, has found itself embroiled in a significant financial scandal that has raised questions about its internal controls and corporate governance. Following an extensive investigation, the company revealed that a single employee committed fraud by concealing approximately $151 million in delivery expenses over a span of nearly three years.
Roth individual retirement account (IRA) conversions have become a pivotal strategy for many investors aiming to optimize their retirement savings. This approach involves transferring funds from a traditional IRA or other retirement accounts into a Roth IRA, which offers tax-free growth on earnings and tax-free withdrawals in retirement. By converting, individuals can capitalize on lower
In recent weeks, China has taken significant steps to strengthen its financial ties with the United States amidst impending economic changes expected under President-elect Donald Trump’s administration. With a focus on enhancing diplomatic relations, Vice Premier He Lifeng has engaged with top executives from leading financial institutions, showcasing a proactive approach to navigating the complexities
The landscape of women’s basketball is undergoing a transformative evolution, punctuated by the emergence of the startup league Unrivaled. With its inaugural season set to launch on January 17 in Miami, the league aims to provide a platform for women’s professional basketball players to shine in the United States during what has traditionally been their
The tragic collapse of a 12-story condominium building in Surfside, Florida, in June 2021, has cast a long shadow over the state’s real estate market. In response to this catastrophe, Florida’s lawmakers quickly enacted stringent regulations to avoid a repeat of such a disaster. However, as the new requirements roll into effect, many condominium owners
Over the past two decades, Salt Lake City has undergone an impressive transformation from a winter sports destination into a thriving technology hub known as part of Utah’s “Silicon Slopes.” The legacy of the 2002 Winter Olympics acted as a pivotal catalyst for this change, reinvigorating local business landscapes and attracting a diverse workforce and
In a move that could reshape the landscape of small business accounting, Amazon announced its partnership with Intuit, maker of QuickBooks, set to roll out in mid-2025. This strategic collaboration aims to provide Amazon’s third-party sellers, particularly small “mom-and-pop” businesses, with enhanced financial management tools that could streamline operations and facilitate growth. For many small