(Reuters) – The number of new corporate defaults globally reached 16 in August, the highest August monthly number since 2009, S&P said in a report released on Wednesday, the latest sign that corporate stress is building. While defaults tend to slow down during the summer, last month’s number was well above the 8.6 average for… Read More »Corporate defaults jump, highest August monthly tally since 2009, S&P says
KEY POINTS Almost half of Americans, 47%, say achieving retirement security will take a miracle, according to a new survey from Natixis Investment Managers. That is up “quite a bit” from about 40% of respondents who said the same two years ago, according to Dave Goodsell, executive director of the Natixis Center for Investor Insight.… Read More »47% of Americans say achieving retirement security will take a miracle. Why inflation is to blame
Producer price index climbs 0.7% in August The numbers: Fueled by higher energy costs, U.S. wholesale prices jumped 0.7% in August to mark the largest increase in 14 months and signal that inflation is likely to persist for a while. Economists polled by the Wall Street Journal had forecast a 0.4% increase in the producer-price index. The… Read More »Wholesale inflation posts largest increase in 14 months, U.S. PPI shows
CFOs haven’t felt this good about the economy in more than a year. Fifty-seven percent of North American CFOs rate current economic conditions as good or very good — up from 34% last quarter — according to Deloitte’s 2023 Q3 CFO Signals survey. That’s the highest mark since the first quarter of last year, when 64% of CFOs… Read More »Optimism on the rise among large-company CFOs, according to survey
The IRS intends to issue proposed regulations governing the capitalization and amortization of specified research and experimental (SRE) expenditures under amendments to Sec. 174 made by the law known as the Tax Cuts and Job Act (TCJA), P.L. 115-97, the treatment of SRE expenditures under Sec. 460, and the application of Sec. 482 to cost-sharing… Read More »Long-awaited guidance provided for amortization of R&E expenditures
KEY POINTS Inflation posted its biggest monthly increase this year in August as consumers faced higher prices on energy and a variety of other items. The consumer price index, which measures costs across a broad array of goods and services, rose a seasonally adjusted 0.6% for the month, and was up 3.7% from a year… Read More »August core inflation, excluding food and energy, rose 0.3%, hotter than expected
FASB voted Wednesday to issue a cryptoassets standard that will require entities to report on fungible crypto holdings using the fair value measurement standard. After reviewing shareholder feedback received on the exposure draft of Accounting for and disclosure of crypto assets during Wednesday’s meeting, the board voted to issue the final standard with an effective date for fiscal… Read More »FASB approves cryptoassets standard
The Federal Reserve’s 5.25 percentage points of interest-rate increases over the past 18 months may be enough to bring inflation down to the US central bank’s 2% target and avoid a recession, according to an analysis from two Chicago Fed economists. “According to the model’s forecast, the policy tightening that’s already been done is sufficient… Read More »One Fed Model Suggests Central Bank Has Already Beaten Inflation
The US economy has been looking so solid lately that Federal Reserve officials will probably need to double their projection for growth in 2023 when they publish an updated outlook later this month. Following a string of stronger-than-expected reports on everything from consumer spending to residential investment, economists have been boosting their forecasts for gross… Read More »Fed Set to Double Its Economic Growth Forecast After Strong US Data
Many of us are walking around much of the time in a mild state of anxiety, frustration, or negativity, and it colors almost everything we think and do. Our thought-streams are heavy with negative self-talk, worrying, rumination, and harsh self-judgment from our unhealthy propensity to engage in flawed and superficial comparisons. According to researchers, we humans have a… Read More »The Power of Reframing to Change Our Outlook