A year ago, startup founders often found themselves fought over byventure investors eager to grab a piece of any promising young companywith fast growth potential. Investors competed in an increasinglyheated environment in which they were often under pressure to closeoutsized… Read More »‘Cash Is King’ As VC Spigot Slows
Consumer prices rose more than 6 percent annually in March, showingconsumer spending taking a bigger bite out of household incomes,according to data released Friday. The personal consumption expenditures (PCE) price index — the FederalReserve’s preferred gauge of inflation — rose… Read More »Fed’s inflation gauge rose 6.6 percent annually in March
The U.S. dollar touched a two-decade high against rivals on Thursday,as Wall Street rallied and European shares rose from six-week lowswith strong earnings reports offsetting gloomy U.S. economic data. The yen dropped to a 20-year low after the Bank of… Read More »Global shares rise as earnings boost, U.S. dollar hits 20-year high
Vanesa Sojor Apr 29, 2022, 7:27 PM (4 hours ago) to me The US economy shrank in the first quarter America’s economy unexpectedly shrank in the first quarter of 2022,data from the Bureau of Economic Analysis showed Thursday. Thenation’s gross domestic… Read More »The US economy shrank in the first quarter
Think of it like playing chess. Making sense of the strategicinterplay between investments, taxes and retirement income canposition you for a winning retirement. When I was 12, I attended a weekend church camp for young men. I wasbrand new to… Read More »Up Your Retirement Planning Game
KEY POINTS Fed Chairman Jerome Powell on Thursday said the central bank iscommitted to raising rates “expeditiously” to bring down inflation.That could mean an interest rate hike of 50 basis points in May asprices rise at their fastest pace in… Read More »Powell says taming inflation is‘ absolutely essential,’ and a 50 basis
point hike is possible for May
Internal Revenue Service Commissioner Charles Rettig told lawmakersthe IRS has been working hard this past filing season during acongressional hearing Thursday as he heard first-hand testimony fromtheir constituents about the problems they encountered. “IRS employees want to do more to… Read More »IRS pledges to overcome challenges from overburdened tax season
Companies that used a buzzy strategy for going public throughout thepandemic have had a dismal track record for investors. Out of 199 companies that used a so-called SPAC to go public in 2021,only 11% now trading above their offering price,… Read More »SPACs are sputtering in 2022, leaving retail investors holding the bag for a Wall Street innovation that just hasn’t panned out
As the global startup market digests a changing valuation environmentand climate for venture investment, not every sector is taking thesame amount of damage. One is indeed faring better than the rest. It’s not the flashiest sector in startup land. Instead,… Read More »Why SaaS is bucking the venture slowdown
Makers of chocolate bars and coffee to lawnmowers and industrialrobots succeeded in passing on soaring costs to consumers,first-quarter earnings showed on Thursday, allaying fears higherprices could dent demand for their products. Some of Europe’s biggest companies reported first-quarter salesincreases, with… Read More »Big companies manage to pass on soaring costs to cash-strapped consumers