President Biden Refuses to Take Blame for Inflation, Celebrates Job Growth and Urges Congress to Stay the Course
Today, President Joe Biden spoke to the press, refusing to take questions not related to the economy and claiming he takes no blame for inflation.[0] He referenced lost jobs, lack of manufacturing, and “real economic difficulty” as the basis for the nation’s state that he inherited through his presidency.[1] Figures reported by the Bureau of […]
Continue reading Job Losses Across Industries Rise Amidst Economic Downturn
Tech and media layoffs have been making the headlines lately, but they only account for a small portion of the U.S. workforce at 5%. Other industries, such as auto, manufacturing, and financial services, have also been cutting jobs.[0] The Federal Reserve has also been slowing the economy down, leading to a deepening of the unemployment […]
Continue reading US, Japan, & Netherlands Impose Export Controls on Advanced Chip Technology, Targeting China’s Domestic Chip Industry
The US, Japan, and the Netherlands have reached an agreement to restrict the export of advanced chip technology to China.[0] The goal of the agreement is to prevent China from developing its own domestic chip industry, as the three countries dominate the production of semiconductor manufacturing equipment.[0] According to Bloomberg, the agreement was reached on […]
Continue reading Jeremy Siegel Warns of Economic Disaster if Fed Delivers Bigger Rate Hike
Jeremy Siegel, a top economist from the Wharton School at the University of Pennsylvania, recently warned of a potential economic disaster if the Federal Reserve delivers a rate hike higher than the 25 basis-point increase that markets are expecting. Siegel noted that with so many people bearish on the market, the Fed needs to soften […]
Continue readingGovernor Moore and Governor Lombardo Unveil Budget Proposals and ERTC Expansion; Grazzy Raises $4.25M in Seed Funding
Governor Wes Moore unveiled his proposed budget for fiscal 2024, a $63.1 billion plan that he calls a bold reflection of his priorities in education, transportation, and public safety without raising taxes.[0] The proposal includes a target Rainy Day Fund of 10 percent of general fund revenue or $2.5 billion and a higher-than-normal budgeted General […]
Continue reading‘Governor Moore & Lombardo Unveil 2021-2024 Budget Proposals; Grazzy Raises $6.8MM in Seed Funding’
Governor Wes Moore recently unveiled a $63.1 billion fiscal 2024 budget proposal that does not include a tax increase, and maintains a Rainy Day Fund at 10 percent of General Fund revenue or $2.5 billion and a General Fund balance of $820 million.[0] Likewise, Nevada Governor Joe Lombardo also announced his preliminary FY 2024 budget […]
Continue readingGovernor Wes Moore & Gov. Joe Lombardo Unveil Budget Proposals; Grazzy Secures $4.25MM in Seed Funding for Employee Payments Platform
Governor Wes Moore of Maryland recently unveiled a $63.1 billion fiscal 2024 budget proposal that does not include a tax increase and maintains a Rainy Day Fund at the target level of 10 percent of General Fund revenue or $2.5 billion.[0] Meanwhile, Nevada Gov. Joe Lombardo announced his preliminary FY 2024 budget plan, which includes […]
Continue readingCARES Act Employee Retention Credit and Governor Wes Moore’s FY2024 Budget: Grazzy Announces $4.25MM Seed Funding for Inclusive Financial Wellness
The Employee Retention Credit (ERC) was created by the Coronavirus Aid, Relief and Economic Security (CARES) Act to help employers who were affected by the pandemic, and is available to businesses who have experienced either a full or partial suspension of operations due to a governmental order or a significant decline in gross receipts compared […]
Continue readingGrazzy Revolutionizes Hospitality Industry with Innovative Payments Platform
Today, businesses in the hospitality and services industry are leveraging a new payments platform, Grazzy, to improve employee retention and recruiting, increase wages, and provide a more inclusive financial wellness for hourly employees.[0] The platform was recently funded with $4.25MM in Seed funding from Next Coast Ventures and Tuesday Capital, bringing its total Seed funding […]
Continue readingUnlock Employee Retention and Recruiting Benefits with Grazzy and the ERTC
The Employee Retention Tax Credit (ERTC) was available during the pandemic to provide employers with relief from the economic hardships caused by the COVID-19 pandemic.[0] This tax credit helps employers reduce their employment tax burden and can be as high as $26,000 per employee. Eligible employers can claim the ERTC on their 2020 and 2021 […]
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