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Economy

“Private payrolls show better-than-expected growth of 143,000 in September, ADP says”

“Private companies added 143,000 jobs in September, an acceleration from 103,000 in August and better than the 128,000 consensus forecast, ADP reported Wednesday. Job gains were fairly widespread, with leisure and hospitality leading at 34,000, followed by construction (26,000) and… Continue Reading…

Economy, Personal Finance

“About 45% of Americans will run out of money in retirement…”

“…The model, run by Morningstar’s Center for Retirement and Policy Studies, showed that the risk is higher for single women, who had a 55% chance of running out of money versus 40% for single men and 41% for couples. The… Continue Reading…

Business, Economy

“Billionaire tech CEO says bosses shouldn’t ‘BS’ employees about the impact AI will have on jobs”

“Jim Kavanaugh, CEO of World Wide Technology, told CNBC that people are “too smart” to accept artificial intelligence won’t alter their work environment. Business leaders shouldn’t “BS” employees about the impact of AI on jobs, Kavanaugh said, adding that they… Continue Reading…

Economy

“Harris proposes raising the corporate tax rate to 28%, rolling back a Trump law”

“Vice President Kamala Harris is calling for raising the corporate tax rate to 28%, her first major proposal to raise revenues and finance expensive plans she wants to pursue as president…” https://www.cnbc.com/2024/08/19/harris-proposes-raising-the-corporate-tax-rate-to-28percent-rolling-back-a-trump-law.html Americans are overtaxed as is. We’re being robbed… Continue Reading…

Economy

“Labor Day Travel Seen Climbing 9% After Record US Summer”

“Bookings for domestic travel over the US Labor Day weekend are up 9% from last year, according to motor club AAA. While the estimate only includes travel booked through AAA, the data adds to a sanguine picture for summer fuel… Continue Reading…

Economy

“The Wealthy Are Bringing Big Money and Luxurious Lodges to Maine’s Lakes”

““On a clear day, you can see the top of Mount Washington,” says Joanne Ricciardiello, peering through a curtain of towering oak and pine trees that surrounds her newly built, roughly 4,300-square-foot home on Maine’s Sebago Lake.  She walks down… Continue Reading…

Economy

“Annual inflation rate slows to 2.9% in July, lowest since 2021”

“The consumer price index, a broad-based measure of prices for goods and services, increased 0.2% for the month, putting the 12-month inflation rate at 2.9%, its lowest since March 2021. Excluding food and energy, core CPI came in at a… Continue Reading…

Economy

“No more fiscal favours? Calls to tax super-rich gain traction around world”

“Calls for higher taxes on the super-rich are gaining traction and even conservative governments are joining in… “I don’t think I have seen such big a transformation in the narrative around the tax on wealth as I have in the… Continue Reading…