Shoppers and retailers set for ‘challenging’ 2024, says BRC
The British Retail Consortium says shoppers will still be squeezed by higher living costs this year.
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Supreme Court tax case could have sweeping federal policy effects, experts say
The Supreme Court in Washington, D.C. Celal Gunes | Anadolu Agency | Getty Images As the Supreme Court starts a new term, experts are closely watching a case that could have sweeping effects on the U.S. tax code, including corporate revenue and future wealth tax proposals. This summer, the high court agreed to hear Moore…
The Workers Getting Big and Small Raises in 2024
After a few years of hefty pay increases, American workers can expect solid but not spectacular raises in 2024. On average, companies are planning for salary increases of 4% in 2024, according to a December survey of more than 1,800 employers by advisory firm Willis Towers Watson. That is down from the 4.4% raises that…
Jet accident probe expands to include Boeing supplier
Comment on this storyComment Add to your saved stories Save As authorities probe Boeing’s safety protocols as part of their investigation into what went wrong with a flight that blew a hole midair last week, the role of a major supplier is also coming into focus: Spirit AeroSystems. The Kansas-based company, which is far less…
IRS unveils ‘voluntary disclosure program’ for businesses duped by pandemic-era tax credit
IRS Commissioner Daniel Werfel testifies before the House Small Business Committee on July 17, 2013. James Lawler Duggan | Reuters The IRS has unveiled a “voluntary disclosure program” for businesses that claimed a pandemic-era tax credit in error and want to pay the money back. Worth thousands per employee, the employee retention tax credit, or…
Boeing shares tumble after panel blows out midflight, FAA grounds dozens of 737 Maxes
Shares of Boeing tumbled 8% on Monday as investors digested the news that the Federal Aviation Administration had ordered airlines to ground dozens of Boeing 737 Max 9 aircraft for urgent inspections. The FAA issued the order on Saturday after a door plug blew out in the middle of an Alaska Airlines flight on Friday when the…
Average mortgage rate lowest for nearly seven months
Guy Gittins, chief executive of Foxton’s, London’s biggest estate agent, told the BBC’s Today programme there had been a “huge movement in confidence” late last year with the more new buyers registering compared to the same period in 2023. “I think the prices that we’re achieving at the moment in the UK are relatively steady,…
