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View Analyst Contact Information Easing Financial Conditions Help Reduce Headwinds To Growth Not surprisingly, given the year ended stronger than expected and with looser financial conditions, the probability of a U.S. recession starting within the next 12 months has moderated to 26% since our last publication in September. This is slightly down from the 34% average in the third quarter of last year but twice the baseline probability of recession since World War II (13%, see chart 1). The still elevated probability of a recession compared with normal times largely reflects the inverted yield curve (see chart 2). In the…
For most tax professionals, the answer to the question, “How much time is your firm wasting?” lies in investing in technology. Jump to: For today's accounting firms, advanced technology is no longer an option — it's a necessity. To keep up in an increasingly competitive industry, forward-thinking accounting firms are investing in artificial intelligence (AI) solutions to automate tax workflows, unlock new revenue streams, and better serve their clients. If your firm is considering investing in tax technology, now is the time. The most successful accounting firms are investing today to optimize future growth. But how can you claim the…
topic column Our expert columnists provide opinion and analysis on the important issues facing modern businesses and executives. Details about this series subscription icon subscribe share Marc Ayres / Icon Images In an era marked by rapid technological advances and dynamic changes in workplace culture, a team's ability to collaboratively set, pursue, and achieve corporate goals is more important than ever. This evolution reflects a deeper understanding of the importance of collective effort and a shared vision to achieve success. In traditional goal-setting methods, such as the SMART (Specific, Measurable, Achievable, Relevant, and Time-bound) goal strategy, team members often set…
downward angle icon An icon in the shape of a downward facing corner. People shop at the Glendale Galleria in California. Mario Tama/Getty Images Real GDP grew at an annual rate of 3.3% in the fourth quarter.This was higher than the expected 2.0%.Real GDP rose 4.9% in the third quarter, the latest point in time still showing strong growth. The U.S. economy continued to grow at a solid pace in the final quarter of 2023, but has slowed since the start of the year, according to new real gross domestic product data released Thursday morning.Real GDP grew at an annual…
Ridge View Bank The City of Roanoke has hired a new executive to advance its planned expansion into the New River Valley.Bank President Carey McConnell said in a release that Todd Murray, former president of the New River Valley Market, said: American National Bank & Trustcurrently serves as Ridgeview's senior vice president of commercial banking. Ridgeview Bank in Roanoke has appointed Todd Murray as senior vice president of commercial banking, effective January 2024. Provided by Ridgeview Bank Murray, a Blacksburg resident, will work in a yet-to-be-selected NRV office. McConnell said in a text message interview that Ridgeview eventually plans to…
Photo credit: Tobias After you add or claim your Yelp business page, you'll need to choose the category that best describes your business. There are over 1,500 different categories to choose from, and the list is constantly growing. Why categories are important Aligning your business with the right categories will help customers find your business when searching on Yelp. It also helps tell the story of your business and your area of expertise. Hint: Make it easier for people to find you by choosing the category that is most specific to your business. For example, for a dim sum restaurant…
Natalie Shermannew york business reporterJanuary 25, 2024image source, Getty Imagesimage caption, Construction worker with American flag in the backgroundThe U.S. economy grew faster than expected in the final months of last year, driven by strong household and government spending. The world's largest economy expanded at an annual rate of 3.3% in the three months through December, according to the Commerce Department. That was down from 4.9% in the previous quarter, but much faster than the 2% that many analysts had expected.The annual economic growth rate in 2023 will be 2.5%, up from 1.9% in 2022.The figure marks the high end…
By Rieva Lesonsky Technological advances and changing customer expectations are forcing small businesses to adapt.getty Anticipating the future is crucial for small business success. But it may be especially challenging this year since there are so many innovations and potential changes in areas like community building, personalization, finances, marketing, technology, and more. To help figure it out, I asked several small business experts to share their insights on 2024 trends to better prepare you to navigate our ever-evolving entrepreneurial world. Small business trends for 2024 Building community Businesses should make commitment to communities a strategic imperative in 2024 Businesses of…
Entrepreneurs have many responsibilities, including staying on top of current business knowledge and trends. You can read articles and browse online forums, but a more innovative way to stay informed and get the latest business advice is by listening to podcasts. But with millions of podcasts available and even millions of podcast episodes, how do you know which ones to spend your precious time listening to? Don't worry! . we support you. We've spent hours researching and listening to great business podcasts to narrow down our list of favorites. There's a good chance you're already familiar with popular shows like…
The Women in Business Law Awards are pleased to announce the judges for the awards in 2024. Starting this year, our global panel will be responsible for judging and selecting the winners for all Firm Initiative Awards, as well as the newly added Thought Leader of the Year and ESG Leader of the Year categories. Judges will receive an anonymized summary of the work of the finalists in each Corporate Award category, and will then be asked to vote for the company they believe best represents the criteria for each category.So, without further ado, let’s introduce our 2024 panelists. Adriana…