Weekly Update – April 24 2024

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.

Yellen says US working to mitigate risks to global economy

U.S. Treasury Secretary Janet Yellen on Tuesday said a stronger-than-expected U.S. economic growth had helped power the global economy, and Washington was working to mitigate remaining risks to the global outlook and ensure sustainable long-term growth.

Small business optimism reaches lowest level since 2012

Two newly released surveys do not paint a pretty picture. As it does the second week of every month, the National Federation of Independent Business (NFIB) released its latest Small Business Economic Trends (SBET) report (also known as the Optimism Index) on the state of the small business economy nationwide.

Beige Book  – April 2024

The April 2024 Beige Book has been published by the Federal Reserve, giving an overview of economic conditions around the country.

Why CEOs are so optimistic about the economy

Many CEOs are confident in the growth prospects of the economy and of their companies in the next year, according to KPMG’s 2024 CEO Outlook Pulse Survey.

US Senate votes to reauthorize surveillance program

The U.S. Senate voted late on Friday night to approve the reauthorization of a controversial surveillance program, narrowly missing the midnight expiration of the program, and the White House said President Joe Biden would swiftly sign it.

Top tax issues to watch after Tax Day

As we move through 2024, there are new tax developments to watch including technology updates, pending tax regulations and the recognition of cryptocurrency on some tax forms.

More people want to buy homes—but prices and interest rates are standing in the way

Total home sales fell more than 4% in March despite a rise in the number of aspiring home buyers as would-be shoppers struggle with sky-high interest rates and rising home prices, a new report from the National Association of Realtors said Thursday.

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