In two months, the United Kingdom has had two new tax plans, two new Prime Ministers (Liz Truss, then Rishi Sunak), and two new Finance Ministers (Kwasi Kwarteng, then Jeremy Hunt). The Truss-Kwarteng tax proposal would have lent modest support to real economic growth, cushioning economic fallout from the Bank of England’s overdue efforts to
Chris Licht, Chairman and CEO, CNN Worldwide speaks onstage during the Warner Bros. Discovery Upfront 2022 show at The Theater at Madison Square Garden on May 18, 2022 in New York City. Kevin Mazur | Getty Images Hundreds of CNN employees were notified of layoffs Thursday as part of CEO Chris Licht’s efforts to transform
Residents queue at a Covid-19 testing booth in Beijing, China, on Monday, Nov. 28, 2022. The capital city has required regular virus tests for more than half a year. Bloomberg | Bloomberg | Getty Images BEIJING — Local frustration with Covid controls in China has increasingly targeted virus testing requirements and the big business they’ve
Momo Productions | Digitalvision | Getty Images Remote work surged in the pandemic era — but this trend, borne of necessity for public health, has now become a fixture of the U.S. job market, one that’s likely to remain entrenched, according to labor experts. Almost 10% of online job searches in September mentioned “remote work,”
An aerial view of shipping containers and freight railway trains at the BNSF Los Angeles Intermodal Facility rail yard in Los Angeles, California, September 15, 2022. Bing Guan | Reuters The Senate passed legislation that would force a tentative rail labor agreement and thwart a national strike. A separate vote on adding seven days of
Running one of the world’s biggest companies — and earning millions per year while doing so — sounds like a no-brainer for most people. But when Amazon founder Jeff Bezos asked Andy Jassy to take over as CEO last year, Jassy didn’t immediately say “yes.” On Wednesday, Jassy explained why he needed time to think
In this article ULTA Follow your favorite stocksCREATE FREE ACCOUNT Shoppers line up outside of Ulta Beauty before the 6am opening on Black Friday. Aimee Dilger | LightRocket | Getty Images Ulta Beauty on Thursday boosted its outlook and surpassed Wall Street’s expectations for quarterly earnings and sales, as shoppers kept replenishing their makeup bags
The economist Austan Goolsbee will take over as president of the Chicago Federal Reserve early next year as the central bank weighs critical policy moves ahead, according to an announcement Thursday. Goolsbee will take the seat officially on Jan. 9, 2023 and finish a term begun by the retiring Charles Evans that expires Feb. 28,
The Covid-19 unit at United Memorial Medical Center in north Houston. Carolyn Cole | Los Angeles Times | Getty Images Long Covid has affected as many as 23 million Americans to date — and it’s poised to have a financial impact rivaling or exceeding that of the Great Recession. By one estimate, the chronic illness
10’000 Hours If you’re expecting a tax refund in 2023, it may be smaller than this year’s payment, according to the IRS. Typically, you get a federal refund when you’ve overpaid yearly taxes or withheld more than the amount you owe. Your annual balance is based on taxable income, calculated by subtracting the greater of
If you have questions about student loan forgiveness, you’re not alone — especially after recent court rulings blocking loan cancellation efforts. The Federal Student Aid office is not accepting new loan forgiveness applications at this time, but we’ve provided some common FAQs below for those who still have questions. If the program begins accepting applications
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In this article KR Follow your favorite stocksCREATE FREE ACCOUNT The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio. Lisa Baertlein | Reuters Kroger on Thursday raised its forecast for the year after stronger third-quarter sales topped Wall Street expectations and inflation continued to push up the prices shoppers pay for milk, eggs and
In this article DBI DG CRM KR SNOW LE COST SPLK FIVE Follow your favorite stocksCREATE FREE ACCOUNT Store front view of Lands’ End opening of the NYC Pop-Up on Vererans Day with the Bob Woodruff foundation on November 11, 2015 in New York City. Bryan Bedder | Getty Images Check out the companies making
Family and friends gather in San Felipe, Texas, for the Jan. 26, 2021, funeral of Gregory Blanks, 50, who died of Covid-19. Callaghan O’Hare | Reuters As Americans brace for the third winter of the Covid-19 pandemic, many are still grappling with ongoing related health and financial issues — including insurance battles over long Covid
Holger Scheibe | The Image Bank | Getty Images The rate of job cut announcements at U.S. employers in November was more than five times greater than a year ago, according to a report by Challenger, Gray & Christmas. Overall, U.S.-based firms announced 76,835 job cuts in November, led by the technology sector. So far this
French President Macron is coming to Washington, D.C., this week to ask President Biden the question on the minds of European leaders: “Why did you do this to us?” When President Biden signed the Inflation Reduction Act into law, he put many European companies at a disadvantage unless they move production to the United States
The U.K.’s financial services sector has been issued new targets for at least half of senior leaders to come from working-class or lower socio-economic backgrounds by 2030. Sopa Images | Lightrocket | Getty Images LONDON — The U.K.’s financial services sector must do more to “break the ‘class’ ceiling,” according to a government-backed task force,
In this article SNOW Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange welcomes Snowflake (NYSE:SNOW), on Tues. Dec 21st, 2021, to usher in the first day of winter. To honor the occasion, Snowflake the bear, joined by Chris Taylor, Vice President, NYSE Listings and Services, rings The Opening Bell®. NYSE Shares of