Take a look at almost any earnings press release and you’ll see that standard accounting numbers—for net income, earnings per share, and even revenue—are buried under an avalanche of alternative takes. Companies often say these alternative numbers, rather than those required under generally accepted accounting principles, the regulatory standard for US-listed companies, provide a broader… Read More »Does Non-GAAP Reporting Increase Firm Value?
NEW YORK (AP) — As some of the world’s biggest economies stumble into recession, the United States keeps chugging along. Both Japan and the United Kingdom said Thursday their economies likely weakened during the final three months of 2023. For each, it would be the second straight quarter that’s happened, which fits one lay definition for a recession. Yet… Read More »Recession has struck some of the world’s top economies. The US keeps defying expectations
Federal Reserve Bank of Atlanta President Raphael Bostic said there’s no rush to cut interest rates with the US labor market and economy still strong, and cautioned it’s not yet clear that inflation is heading sustainably to the central bank’s 2% target. “The evidence from data, our surveys, and our outreach says that victory is… Read More »Fed’s Bostic Says May Take ‘Some Time’ to Hit Rate-Cut Threshold
When you picture your retirement, what comes to mind? You might envision yourself relaxing on a beach, spending time with family, traveling the world, or participating more in your favorite hobbies. It’s an exciting vision of a luxurious, enjoyable life. However, not everyone is excited about the idea of retirement. Some people don’t like the idea… Read More »Is a Soft Retirement the Right Move for You?
The shakeout in the $20 trillion US commercial real estate market has long been delayed for a simple reason: No one could figure out just how much properties were worth. And, more crucially, few wanted to. Since the Covid-19 pandemic upended the use of real estate around the world, lenders have had little incentive to… Read More »The Brutal Reality of Plunging Office Values Is Here
The IRS alerted small businesses to seven warning signs that could indicate that their employee retention credit (ERC) claim is questionable and to help them resolve issues before a March deadline for a special disclosure program. The deadline for the ERC voluntary disclosure program for anyone who filed a claim in error and received a payment is March 22.… Read More »7 warning signs that an ERC claim is questionable, from the IRS
Stocks finished in the red Tuesday after data showed inflation didn’t ease as much as expected last month. The report showed consumer prices rose 3.1% in January from a year earlier. That was a cooldown from December, but more than the 2.9% increase economists polled by The Wall Street Journal expected. The numbers did little to clarify… Read More »Stock Market News, Feb. 13, 2024: Dow Drops More Than 500 Points After Inflation Data
Dive Brief: Dive Insight: The CEO survey aligns with findings by Wolters Kluwer that 87% of large-company economists expect that the U.S. will achieve a “soft landing,” or avoid a recession as tight monetary policy slows inflation to the Fed’s 2% target. In December just 67% held that view, Wolters Kluwer said Friday. Economists from… Read More »CEO optimism hits two-year high as inflation cools: Conference Board
A record-breaking 11,000 Americans are expected to retire each day in 2024, what the nonprofit Alliance for Lifetime Income has called the “year of Peak 65.” As Baby Boomers leave the workforce, it’s a reminder for anyone heading into retirement in the coming years to take stock and prepare for this exciting transition. Here are five important… Read More »Before You Retire, Consider These Five Questions
With the S&P 500 closing above 5,000 for the first time, there’s an inevitable question for investors with cash on the sidelines: Should I get in now — or is the milestone moment actually a reason not to invest? The right answer depends on your circumstances. But putting the record high into context can help… Read More »The S&P 500 Just Topped 5,000. Should You Buy Now?