Category Economics

Fed delivers rate cut

scrabble letters spelling fed on a green mat

“The Fed lowered its overnight lending rate to a range of 4.75%-5% from 5.25%-5.5%. The magnitude of the rate cut came in-line with traders’ expectations, according to the CME Group’s FedWatch tool. Wednesday’s policy shift marks the first rate cut…

Private-Equity and Healthcare

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“The California state senate has passed legislation to hinder healthcare acquisitions by private-equity firms and hedge funds, as states seek new powers to slow the corporate consolidation of medicine. The law, called Assembly Bill 3129, passed the senate by a…

Harris/Walz to propose new $50,000 tax deduction

quote box ontop of stack of paper bills

“Vice President Kamala Harris on Wednesday will unveil a new proposal to provide small businesses with a $50,000 tax deduction for startup expenses, ten times the current $5,000 allowable deduction, according to a Harris campaign official who was granted anonymity…

Ghost Jobs

two white printer papers near macbook on brown surface

“About 81% of recruiters say that their employer posts “ghost jobs,” or positions that either don’t exist or are already filled, according to a new report from MyPerfectResume, a resume building platform.”