When does doing a little work on vacation turn into a stay that piques the interest of local tax authorities? And does a U.K. company, for example, face tax complications abroad if they have staff and key decision-makers are dotted across Europe working remotely? National tax authorities and the Organization for Economic Cooperation and Development… Read More »Logging into Zoom at the beach could land you a tax bill
The collapses of Silicon Valley Bank and Signature Bank over the weekend continue to dominate headlines and send ripples through markets. But even before the pair of bank failures, 2023 was on track for a nasty year for corporate defaults across the globe. According to S&P Global Ratings, 23 companies defaulted in the first two months of the… Read More »More Companies Are Going Bust This Year—and It’s Not Just Banks
Before the pandemic, Logikcull had an office in downtown San Francisco and, like most tech companies, it had a lot of meetings. After the pandemic, the company bought out the office lease and 110 employees scattered across 40 states and four countries. Just as other companies were adding online huddles to bring people together during remote work, CEO Andy Wilson stopped to ask himself: Could… Read More »Could this meeting have been an email? Employees are over meetings. Now companies are too
KEY POINTS Wholesale prices posted an unexpected decline in February, providing some encouraging news on inflation as the Federal Reserve weighs its next move on interest rates. The producer price index fell 0.1% for the month, against the Dow Jones estimate for a 0.3% increase and compared with a 0.3% gain in January, the Labor Department… Read More »Wholesale prices post an unexpected decline of 0.1% in February; retail sales fall
KEY POINTS The pace of wage growth seems to be decelerating, according to the February jobs report issued Friday — but workers still have bargaining power in a cooling but strong job market, economists said. “Workers have a very strong negotiating position,” Mark Zandi, chief economist of Moody’s Analytics. “The labor market is still very strong and workers… Read More »Wage growth is cooling — but workers still have bargaining power, economists say
NEW YORK (AP) — Depositors withdrew savings and investors broadly sold off bank shares Monday as the federal government raced to reassure Americans that the banking system was secure after two bank failures fed fears that more financial institutions could fall. President Joe Biden insisted that the system was safe after the second-and third-largest bank failures… Read More »Government races to reassure US that banking system is safe
Inflation eased in February but remained stubbornly high, presenting a challenge for the Federal Reserve as it confronts how to slow the economy with higher interest rates at the same time it moves to stem banking problems. The consumer-price index, a closely watched inflation gauge, rose 6% in February from a year earlier, down from… Read More »U.S. Inflation Cooled in February as Fed Confronts Bank Failures
A US court has ruled that “gig” economy giants including Uber and Lyft can continue treating their workers as independent contractors in the state of California. The California appeals court found that a labour measure, known as Proposition 22, was largely constitutional. Labour groups and some workers had opposed the measure, saying it robbed them of… Read More »US court rules Uber and Lyft workers are contractors
If you sometimes feel like your days are being taken up by meeting after meeting, leaving you little time to get your actual work done, you’re not alone. According to research, 70% of meetings are keeping employees from completing their tasks, and remote working has only exacerbated the problem, increasing the amount of meetings by one per day on… Read More »This is how a no meeting week boosts employee productivity and wellbeing
73% of workers with a side hustle are actively thinking about quitting their job. 60% of workers said that they would rather quit their job than return to the office five days a week. A combination of low minimum wages and a rapidly increasing cost of living have made passive income a more attractive proposition… Read More »Up to 45 Percent of Americans Have a Side Hustle