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Monthly Archives: January 2023

High Social Security cost-of-living adjustments may affect your taxes

Allison Michael Orenstein | Getty Images Social Security recipients are just starting to see the record 8.7% cost-of-living adjustment in their monthly checks. But come tax time, they could see surprises resulting from last year’s 5.9% increase, which at the time was the biggest COLA in four decades. Last year’s …

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Google, Amazon, Microsoft, Meta, Twitter severance packages compared

Google headquarters is seen in Mountain View, California, United States on September 26, 2022. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images) Anadolu Agency | Anadolu Agency | Getty Images Tech companies have laid off tens of thousands of workers in recent months as the industry grapples with a reduced …

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Despite Google, Amazon, Microsoft layoffs, it’s a good time to get a job

Whether by choice or necessity, many workers will change jobs in the months ahead. Some companies, particularly tech giants, have been announcing deep cuts to their workforces as they face ongoing challenges due to rising interest rates and inflation. Most recently, Google said that it will lay off 12,000 people, Amazon …

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Google bonus delay offers lesson in windfall spending

A pedestrian strolls on the Google campus in Mountain View, California, on Jan. 27, 2022. David Paul Morris/Bloomberg via Getty Images Change to bonuses addresses 2023 uncertainty Google employees who qualify for bonuses will get 80% of the sum in January, with the remainder coming in March or April, according …

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Ron Insana says the solution to the inflation problem is more workers

Construction workers build a residential house in Bethesda, Maryland, January 18, 2023.  Saul Loeb | Afp | Getty Images Demography is destiny, or at least many economists believe that to be true. That concept began with Thomas Robert Malthus, the 18th century British economist and demographer, who believed that overpopulation …

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The 3 top reasons why startups failed in 2022: study

Knowing the biggest risks that most commonly cause new startups to fail could make the difference between whether your own business sinks or swims. Whether it’s bad luck, bad timing or a half-baked business model, there are any number of ways a startup can go wrong. And roughly 20% of …

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Amazon drone unit hit with layoffs as long-awaited program launches

Amazon Prime Air drone Source: Amazon In 2013, Amazon founder Jeff Bezos appeared on CBS’ “60 Minutes” to reveal a futuristic plan his company had been secretly pursuing to deliver packages by drone in 30 minutes.  A pre-recorded demo showed an Amazon-branded “octocopter” carrying a small package off a conveyor …

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Goldman Sachs slips on report that the Fed is investigating its Marcus business

David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023.  Adam Galica | CNBC Goldman Sachs shares came under pressure Friday after a Wall Street Journal report said the Federal Reserve is investigating the bank’s consumer business. Shares …

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Bosses hope fresh RTO requirements will stick. Experts aren’t so sure

If 2022 was the year corporate bosses planned for a mass return to offices, 2023 might usher in a new era of concessions. All throughout the last year, companies like Apple, Google, Twitter and Goldman Sachs sent out memos coaxing people back in-person, to varying degrees of success. But hopes …

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The solution to the U.S. debt disaster is a value-added tax

The US Treasury Department building is seen in Washington, DC, January 19, 2023. Saul Loeb | AFP | Getty Images Sifting through the turmoil of the speaker of the House election, and the promises Kevin McCarthy made to secure the job, one thing is important to note: The Republicans who …

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