Business News and trends.
Thomas Catenacci More than two dozen business groups have formed a coalition to fight future tax hikes proposed by Democrats and President Joe Biden, CNBC reported. The coalition, titled “America’s Job Creators for a Strong Recovery,” is made up of 28 organizations that argue additional…
Read More Business Groups Organize To Fight Tax Increases From Biden, Democrats
LUTZ, Fla. – A highly-rated Tampa Bay area pool company is jumping in to help Olympus Pools thanks to a new partnership between the two companies and their owners. Specific terms of the partnership were not disclosed, but Jordan Hidalgo, a general contractor who founded…
Read More Top-Rated Pinellas Pool Company Partners With Olympus Pools To Take Over Admin, Customer Support
Thomas Catenacci Economists expect inflation to “accelerate strongly” in the coming weeks and months, but said consumer prices would eventually moderate. The consumer price index (CPI), a common measure for inflation, is expected to rise 2.8% in 2021 and 2.3% in 2022 compared to the…
Read More Top Economists Expect Inflation To ‘Accelerate Strongly’ In Coming Weeks
Thomas Catenacci The Biden administration proposed a minimum global corporate tax rate of 15%, but said it hoped world leaders would negotiate a more “ambitious” minimum rate. Treasury Department officials proposed the 15% minimum corporate tax rate during an Organization for Economic Cooperation and Development…
Read More Biden Administration Proposes ‘More Realistic’ 15% Global Corporate Tax Rate
Thomas Catenacci Massive government spending has decreased the value of the American dollar and triggered increased consumer prices, which economic experts said will only get worse. “Over the past few months, we have seen an inflation rate that is much higher than where we’ve become…
Read More Consumer Prices Outpace Americans’ Wage Growth As Inflation Surges
Thomas Catenacci The number of Americans filing new unemployment claims dropped to 444,000 last week as the economy continues to slowly recover from the coronavirus pandemic, according to the Department of Labor. The Bureau of Labor and Statistics figure released Thursday represented a decrease in the number of…
Read More Jobless Claims Hit Fresh Pandemic Low As Americans Return To Work
Thomas Catenacci The influential Empire State Manufacturing Survey conducted by the New York Federal Reserve Bank showed that manufacturing prices are rising at a record pace. Both the future manufacturing prices paid and future prices received indices hit record highs, according to the Empire State Manufacturing Survey report released Monday.…
Read More Manufacturing Prices Rise At Record Pace, Influential Fed Report Shows
AT&T and Discovery announced a $43 billion merger that would create one of the largest U.S. media companies in an attempt to compete with Netflix and Disney. The deal would merge AT&T’s media content division WarnerMedia with Discovery, creating a standalone media company that executives…
Read More AT&T, Discovery Announce $43 Billion Media Merger In Bid To Compete With Netflix
Thomas Catenacci Major trade groups have asked the Commerce Department to nix a Trump-era rule continued by President Joe Biden that enables the government to block Chinese technology transactions. Business groups and industry-leading technology companies have lined up in opposition of the rule, which was…
Read More Business Groups Lobby Against Trump-Era Rule That Can Block Chinese Tech
Thomas Catenacci Consumer prices in the U.S. have skyrocketed across multiple industries as the federal government mulls injecting further stimulus into the economy. The consumer price index spiked 0.6% in March, the largest monthly increase in nearly a decade, the Labor Department reported last month. In particular,…
Read More Consumer Prices Have Skyrocketed In Recent Months, Experts Say It’s Just The Beginning