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Partnership will help individuals with autism train for jobs
Allentown-based global technology services firm CAI and Marshall University’s West Virginia Autism Training Center, a statewide technical assistance and direct service agency providing specialized training and support to individuals with autism spectrum disorder, announced Tuesday that they’re joining forces. They signed a memorandum of understanding for CAI Neurodiverse Solutions -[...]
Making money on crypto? Yes, the IRS expects a cut
A lot is changing fast in the world of crypto, including the tax rules. As with most investments there will be taxes to consider before figuring out how much you really made -- or lost -- on your digital assets. So if you couldn't resist getting in on, say, bitcoin's[...]
Biden announces program offering discounted internet service
WASHINGTON (AP) — President Joe Biden announced Monday that 20 internet companies have agreed to provide discounted service to people with low incomes, a program that could effectively make tens of millions of households eligible for free service through an already existing federal subsidy. Continue Reading>
Rising interest rates in US will hinder foreign economies
WASHINGTON (AP) — When the Federal Reserve raises interest rates — as it did Wednesday — the impact doesn’t stop with U.S. homebuyers paying more for mortgages or Main Street business owners facing costlier bank loans. The fallout can be felt beyond America’s borders, hitting shopkeepers in Sri Lanka, farmers in Mozambique and families[...]
A recession may be around the corner. Don’t panic
New York (CNN Business) - Around the world, warning signs of a recession are flashing. Wall Street is on edge. Central banks are hiking interest rates to try to rein in inflation. And geopolitical upheaval is exacerbating supply chain headaches that began in 2020. Continue Reading>
Employers post record 11.5 million job openings in March
WASHINGTON (AP) — Employers posted a record 11.5 million job openings in March, meaning the United States now has an unprecedented two job openings for every person who is unemployed. The latest data released Tuesday by the the Bureau of Labor Statistics further reveals an extraordinarily tight labor market that[...]
Higher food and energy prices could last ‘for years,’ World Bank warns
New York (CNN) - Russia's invasion of Ukraine has contributed to an historic shock to commodity markets that will keep global prices high through the end of 2024, according to the World Bank. The spike in energy prices over the past two years is the biggest since the 1973 oil[...]
EXPLAINER: Why US inflation is so high, and when it may ease
WASHINGTON (AP) — Another month, another four-decade high for inflation. For the 12 months that ended in March, consumer prices rocketed 8.5%. That was the fastest year-over-year jump since 1981, far surpassing February’s mark of 7.9%, itself a 40-year high. Continue Reading>
EXPLAINER: Why bond yields may be warning of a recession
NEW YORK (AP) — One of the more reliable warning signals for an economic recession is shining brighter. The “yield curve” is watched for clues to how the bond market is feeling about the U.S. economy’s long-term prospects. On Friday, a closely followed part of the yield curve lit up again after[...]
New vehicles must average 40 mpg by 2026, up from 28 mpg
DETROIT (AP) — New vehicles sold in the U.S. will have to average at least 40 miles per gallon of gasoline in 2026, up from about 28 mpg, under new federal rules unveiled Friday that undo a rollback of standards enacted under President Donald Trump. The National Highway Traffic Safety Administration said[...]
Perspective: Should you purchase political risk insurance coverage?
Seemingly endless machinations of the Russian leadership affecting Ukraine and its citizens have prompted multiple Western based businesses to shut down, suspend or greatly curtail their Russian operations. Roughly 300 companies have so far withdrawn from their Russian operations at the point of time of this writing. The diversity of[...]
Biden planning to tap oil reserve to control gas prices
WASHINGTON (AP) — President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve, according to two people familiar with the decision, in a bid to control energy prices that have spiked as the U.S. and[...]
