More than 75,000 healthcare workers are set to strike for three days in October over what they say are bad-faith negotiations by Kaiser Permanente executives regarding staffing issues, their unions said Friday. The Coalition of Kaiser Permanente Unions issued a 10-day unfair-labor-practice strike notice to Kaiser on Friday, the last day of scheduled bargaining talks before …
Certificates of deposit have a long history of delivering steady, guaranteed returns. Now with rising interest rates and increased competition among banks and credit unions, CDs have become even more lucrative to depositors, with plenty paying APYs of upwards of 5% (see some of the highest CD rates you may get now here). But before …
With consumer prices showing signs of overall pressure, one expert says all eyes are now likely on what steps the Federal Reserve may be taking next. Getty Images This week, the Fed elected to maintain the federal funds rate at 5.25%-5.5% after making 11 increases over the past year in order to lower stubbornly high …
“ Organizations bear the responsibility to foster an environment of transparency for their whistleblower programs to succeed. ” In the years leading up to the eventual collapse of the cryptocurrency exchange FTX, insiders blew the whistle about the company’s severe governance and regulatory issues. The flouting of internal control requirements and commingling of client funds …
FTX whistleblower was unusual. Most witnesses are too afraid to speak up. Read More »
“‘Both on the supply side and the demand side, there are factors implying that 2% (inflation) is, at this point, mission impossible.’ ” — Nouriel Roubini, CEO of Roubini Macro Associates Nouriel Roubini, a high-profile economist and the chief executive officer of Roubini Macro Associates, says the world’s advanced economies, such as the U.S., the U.K. …
Nouriel Roubini says a return to 2% inflation is ‘mission impossible’ Read More »
“If things go well the first time, might as well try it again” might be Federal Reserve Chair Jerome Powell’s mantra as he prepares for this week’s policy meeting, economists say. Powell’s speech at the central bank’s annual summit in Jackson Hole, Wyo., last month seemed to satisfy both hawks and doves, with a combination …
It may be time to get your COVID-19 vaccine again. There’s a new booster that’s coming out to guard against the virus. The Centers for Disease Control and Prevention said Tuesday that it was recommending the vaccine, which is being produced in versions by Moderna MRNA, +1.58% and Pfizer PFE, -0.23% -BioNTech BNTX, -0.66%, for …
Corporate bankruptcies look likely to hit the highest level in 13 years as the Federal Reserve’s interest rate rises exacts a toll, according to Guggenheim Investments. More than 450 corporations already filed for bankruptcy protection this year through the end of August, eclipsing annual totals for the past two years (see chart). At that pace, …
The Internal Revenue Service will stop processing new claims on a pandemic-era credit for businesses that has become prone to questionable claims and hard-sell tactics from some companies that say they can land payouts for clients. The tax agency said Thursday that its moratorium on processing new employee retention credit claims will continue at least …
U.S. stock indexes closed mostly higher on Wednesday, as investors digested the latest consumer-price index data showing inflation picked up in August, but likely not by enough to prompt a September interest rate hike by the Federal Reserve. How stocks traded The S&P 500 SPX closed up 5.54 points or 0.1% at 4,467.44 and has …
U.S. stocks close mostly higher despite inflation edging up in August Read More »
