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Monthly Archives: February 2023

Quits will plateau in 2023

The “great resignation” will soon grind to a halt.  Last year, more than 4 million people left their jobs each month in the U.S. — but in 2023, there will be less job hopping and fewer counteroffers as the demand for talent and supply of available workers evens out.  Resignations …

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As retirees worry about tax surprises, these filing resources may help

Allison Michael Orenstein | Getty Images As the tax season kicks off, seniors may be facing new questions this year. A record 5.9% Social Security cost-of-living adjustment last year likely pushed up their income. Meanwhile, other income, such as required minimum distributions, other retirement account withdrawals or part- or full-time …

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Intel execs make small cut to overall compensation after a bad quarter

Intel CEO Pat Gelsinger, with U.S. President Joe Biden (not pictured), announces the tech firm’s plan to build a $20 billion plant in Ohio, from the South Court Auditorium on the White House campus in Washington, January 21, 2022. Jonathan Ernst | Reuters Intel executives will take staggered base-pay cuts …

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Amazon may have more robots than humans by 2030

Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Marco Bello | Getty Images The growth of automation in the workplace will accelerate this decade, with robot …

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Peloton (PTON) Q2 earnings 2023

Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Peloton said Wednesday its net loss narrowed year over year, and, for the third quarter in a row, subscriptions revenue was higher than sales of the company’s connected …

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Here’s everything the Fed is expected to do Wednesday

Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, U.S., December 14, 2022. Evelyn Hockstein | Reuters This week’s Federal Reserve meeting will be remembered more for …

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How Asia’s richest man lost his crown in just a few days

Gautam Adani, billionaire and chairman of Adani Group, during an event at the Port of Haifa in Haifa, Israel, on Tuesday, Jan. 31, 2023. Adani, the Indian billionaire whose business empire was rocked by allegations of fraud by short seller Hindenburg Research, said his company will make more investments in …

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Gold demand surged to 11-year high on ‘colossal’ central bank buying

Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023.  Alexander Manzyuk | Reuters Gold demand soared to an 11-year high in 2022 on the back of “colossal central bank purchases, aided by vigorous …

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Chelsea sign Enzo Fernandez in £106.8 million British-record transfer deal

Chelsea had been in talks to sign the World Cup winner throughout January, but Benfica had refused to do business unless the Blues paid his €120m release clause. Nurphoto | Nurphoto | Getty Images Chelsea have signed midfielder Enzo Fernandez from Benfica for a British-record £106.8m. The deal for the …

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Central banks set to signal interest rate glide path in crucial week

A screen displays the Fed rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The U.S. Federal Reserve, European Central Bank and Bank of England are all expected to hike interest rates once again this week, …

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