The clock is ticking for union dockworkers and port owners to work out a labor contract and prevent a walkout. The union seems prepared to strike — and the effects will ripple far and wide. The Sourcing Journal reports that just a one-day strike would cause bottlenecks for six days. And a one-week strike would […]
It’s that time of year again: Employer health insurance plans are up for renewal. For finance leaders, this period can feel like a lottery. If your plan only increases by a few percentage points, you’ve won by avoiding catastrophe. But for others, the renewal period can feel like a time bomb just went off. An […]
Who says Democrats and Republicans can’t agree? A few weeks back, Donald Trump advocated for eliminating taxes on tips of workers in the hospitality and service sector. Now his opponent Kamala Harris is also pledging to cut taxes on tip income if elected. Trump’s tax proposals go further than giving workers hospitality and service sector […]
Americans use more healthcare services than any other people. So we pay more as a result — and the cost is going up every year. 2025 won’t be an exception. PricewaterhouseCoopers’ Health Research Institute (HRI) warns group health plan costs will rise, on average, 8% from 2024 to 2025. Individual plan costs won’t be a […]
Many businesses are hesitant to spend big bucks on capital improvements or new equipment due to inflation, high interest rates and economic uncertainty. But there’s at least one very good reason for not waiting until next year to address a tangible need for your business. Reason: The bonus depreciation rate for capital purchases is dropping […]
Companies are sending their “road warriors” out at a rate not seen since 2019. A new study shows companies are allocating more of their budgets for travel costs through 2024 and into next year. Upward Climb with Uphill Struggles: 2024 Deloitte Corporate Travel Study reports that “travel spend could grow by 8% to 12% in […]
Did you hear about the Snowflake hack? Snowflake is a cloud computing company that got blasted by a series of attacks earlier this spring. Snowflake clients ended up taking most of the shrapnel. Snowflake client Ticketmaster estimates 560 million customer records were stolen/copied. The threat actors (TAs) who breached Snowflake may be responsible for another […]
CFOs intend to continue cutting costs and boosting efficiency in every area possible through 2024 and probably well into 2025. And unfortunately that could mean a wave of layoffs is still to come. Forty percent of chief executives expect “major” restructuring of their operations within the next 12 to 18 months, according to the latest […]
Is there a single business in the U.S. that’s resisted raising prices since early 2020? Good luck finding one. But there’s a fine line between passing along higher costs of doing business to the customer, and “fixing” prices. Case in point: Federal Bureau of Investigation (FBI) officers conducted a pre-dawn raid of Cortland Management in […]
