These are taken on to and from financial institution accounts electronically and are used for every little thing from making accounts receivable payments to paying off your monthly bills. Your employer identification quantity is given to you by the IRS. It’s used like a personal Social Security number and is […]
Economic
Congress needs to be ‘aggressive’ with economic assistance to boost recovery, Fed’s Kashkari says
St. Louis Federal Reserve Bank President James Bullard weighs in Minneapolis Federal Reserve President Neel Kashkari is urging Congress to be “aggressive” with economic assistance in order to boost the United States’ recovery from the coronavirus pandemic. “I’m seeing, especially on the small business front, I mean, some sectors of the […]
IMA makes new push to spotlight CMA value during tough economic times
The Institute of Management Accountants has launched a new promotional campaign to highlight the role of Certified Management Accountants in real-world situations, taking a more serious tone in the midst of the novel coronavirus pandemic than its previous humorous advertising campaigns. The campaign aims to demonstrate how accounting and finance […]
White House’s line on economic aid descends deeper into incoherence
It was six days ago when Donald Trump, after weeks of confusing and contradictory messages, announced that he was pulling the plug on bipartisan talks on an economic aid package. White House officials said the process was over and negotiations would not begin anew before the elections. It was four […]
The lockdowns’ greater economic impact
The differential impacts of the pandemic and its lockdowns are now unmistakable. Originally, the pandemic, lockdowns and recession so closely overlapped that it was possible to mistake cause for effect. Only as they have extended and altered, has the true relationship become distinguishable: The lockdowns’ have had the greater economic […]
‘Drastic rise’ in Malawi’s suicide rate linked to Covid economic downturn | Global development
One Tuesday morning in March, 48-year-old farmer Lokoliyo Bwanali set off for his maize plot. He never came back. Neighbours discovered his body later in the small field where he had poisoned himself. “The wife of the deceased said her late husband was under pressure from creditors and was failing […]
IMF upgrades economic forecast but warns of long-term coronavirus damage
The global economy may take a smaller hit from the coronavirus recession in 2020 than was once expected but faces significant long-term challenges that will likely widen inequality, the International Monetary Fund (IMF) said Tuesday. In a set of new projections, the IMF slightly upgraded its outlook on the 2020 economic […]
Here are 3 things to watch for as earnings season kicks off amid continued economic recovery, according to LPL
Drew Angerer/Getty Images With earnings season set to officially kick off on Tuesday, LPL is out with a list of three things to watch for in company results. LPL expects management teams to instill confidence in investors as an economic recovery from COVID-19 is well underway. “Mostly better-than-expected economic […]
Lead Generation Solutions During Economic Hardships
Jessica is a digital expert & founder of Valux, LLC, a digital marketing company that helps businesses complete the digital transformation. getty It’s no secret to businesses of all sizes that the Covid-19 pandemic has been detrimental to the economy’s health. We’re facing the worst economic recession since the Great Depression. […]
Dawn breaks on a new age of economic thinking
The deepest economic crises are also crucibles for new economic thinking. The Depression led to Keynesian macroeconomics. The second world war cemented support for the welfare state and the mixed economy. The inflationary 1970s and the oil shocks propelled free-market ideas to power. We should expect the coronavirus pandemic, which […]
Visa: Huge Upside As Global Economic Activity Recovers From Pandemic (NYSE:V)
Visa (V) is one of my favorite buy and hold forever stocks that seems to get lost in the mix recently. As investors patiently await the Q3 earnings season to determine economic recovery from COVID-19, I still remain extremely bullish on Visa stock. Reuters reported Visa transaction volume has recovered […]
Japan’s Suga to Order New Economic Stimulus as Early as November, Nikkei Says | Investing News
TOKYO (Reuters) – Japanese Prime Minister Yoshihide Suga will order his government to compile extra economic stimulus measures as early as November, the Nikkei newspaper reported on Tuesday. The move would signal the government’s readiness to deploy more support to cushion Japan’s economy from the significant disruption to consumers and […]
Big Four firms release ESG reporting metrics with World Economic Forum
The Big Four accounting firms have developed a set of metrics for companies to use for environmental, social and governance reporting internationally. The metrics were released Tuesday by the World Economic Forum in conjunction with the fourth annual Sustainable Development Impact Summit, which coincided with Climate Week in New York. […]
Indonesia c.bank holds rates, stresses QE for economic support
By Gayatri Suroyo and Fransiska Nangoy JAKARTA, Oct 13 (Reuters) – Indonesia’s central bank kept interest rates steady on Tuesday, holding fire for a third straight meeting to avoid adding pressure to a falling rupiah but reiterated its pledge to use quantitative easing measures to support the economy. Bank Indonesia […]
Japan’s Suga to order new economic stimulus as early as November, Nikkei says
TOKYO (Reuters) – Japanese Prime Minister Yoshihide Suga will order his government to compile extra economic stimulus measures as early as November, the Nikkei newspaper reported on Tuesday. FILE PHOTO: Yoshihide Suga speaks during a news conference following his confirmation as Prime Minister of Japan in Tokyo, Japan September 16, […]
Asia Leading The Economic Recovery As Western World Still Hunkering Down
NYC Mayor Bill de Blasio greets a student at Public School 188 on September 29, 2020 in Manhattan. A … [+] week later, he said he will close schools and non-essential business in 9 zip codes. (Photo by Spencer Platt/Getty Images) Getty Images Asian manufacturing, led by China and India, […]
More synchronized action needed to tackle COVID economic crisis: IMF’s Georgieva
By Andrea Shalal, Marc Jones WASHINGTON/LONDON (Reuters) – The international community must do more to tackle the economic fallout of the COVID-19 crisis, the head of the International Monetary Fund said on Monday, publicly calling on the World Bank to accelerate its lending to hard-hit African countries. FILE PHOTO: International […]
Trump’s economic advisor was caught on camera slamming the president’s ‘crappy’ debate performance
© Samuel Corum/Getty Images Stephen Moore. Samuel Corum/Getty Images Stephen Moore, a senior economic advisor to President Donald Trump, was filmed slamming Trump’s performance at the presidential debate last month. In footage published by HuffPost, Moore said at an event in Washington organized by a pro-Trump group that Trump’s performance […]
Trade, Saving And An Economic Disaster
The UK is running a trade surplus. No, really, I am not joking. This is from the ONS’s latest trade statistics release: The UK total trade surplus, excluding non-monetary gold and other precious metals, increased £3.8 billion to £7.7 billion in the three months to August 2020, as exports grew […]