business current events

Southwest stock sinks after mass flight cancellations, scrutiny from Biden admin [Video]
Posted in

Southwest stock sinks after mass flight cancellations, scrutiny from Biden admin [Video]

Shares of Southwest (LUV) sank as much as 6% on Tuesday after the airline canceled thousands of flights, leaving passengers stranded at airports and drawing scrutiny from federal officials. Southwest had canceled more than 2,590 flights on Tuesday as of 2:30 pm ET, or about 63% of its scheduled flights, according to tracker FlightAware. The disruption exacerbated a meltdown that began over the holiday weekend and saw 2,900 flights canceled on Monday. The US Transportation Department (USDOT) said Monday evening it would investigate whether the outsized share of flights canceled by Southwest Airlines were in the company’s control. A winter…
by •
How much inflation has increased Christmas, holiday dinner food prices
Posted in

How much inflation has increased Christmas, holiday dinner food prices

Loading up on egg nog, cookies and other holiday favorites is going to cost more this year. While inflation is starting to slow down, food prices are still far above where they were during the 2021 holiday season. Grocery prices in November were up 12% year-over-year, according to data from the Bureau of Labor Statistics. “There’s just been that upwelling of prices across the board,” said Michael Swanson, lead economist for Wells Fargo. “So it’s going to be more expensive, but there are some bright spots that are developing for some of the more festive foods.” How much has the…
by •
Sam Bankman-Fried arrest, indictment explained: How FTX came undone
Posted in

Sam Bankman-Fried arrest, indictment explained: How FTX came undone

Earlier this year, Sam Bankman-Fried was a leader in the crypto industry sitting atop a $32 billion empire. His cryptocurrency exchange, FTX, was one of the largest in the world and considered highly reputable. He found great success as its CEO and founder, and at one point had an estimated $26.5 billion in personal wealth. That’s all gone, a reality that set in this week when the 30-year-old was arrested and charged with a list of federal crimes. Here’s what happened: SBF arrested and charged: Bankman-Fried, also known as SBF, was arrested Monday night, about a month after the collapse…
by •
The 7 Best Commodity Stocks to Buy for 2023
Posted in

The 7 Best Commodity Stocks to Buy for 2023

While the business news cycle tends to focus on the latest technological innovations, it’s important to consider the best commodity stocks to buy for 2023 as these companies undergird said advancements. As recent geopolitical flashpoints demonstrated, access to critical resources is just as important as the end products they help facilitate. Moving forward, securing supply chains to important industrial and agricultural materials will likely take a priority. Therefore, even with the equity sector absorbing a beating, investors should plan ahead with the best commodity stocks to buy for 2023. Quite simply, this segment commands demand structures that probably won’t ever…
by •
Ready for an Audit? – Rickard & Associates
Posted in

Ready for an Audit? – Rickard & Associates

Government audits are in full swing and it is essential that your practice is ready. Failure to prepare could result in great fines and loss of patient trust. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here). Failure to plan and prepare for an audit can lead to disastrous results. If you fail to catch mistakes in your billing, you may face hefty fines from the United States Department of Health and Human Services (HHS). To avoid these fines and…
by •
JB Hunt earns place on list; Marshalltown to start expansion
Posted in

JB Hunt earns place on list; Marshalltown to start expansion

JB Hunt earns place on list JB Hunt Transport Services, Inc. ranked seventh on FreightWaves’ 2023 FreightTech 25 list recognizing the most innovative companies in the transportation industry. The announcement marks the fifth consecutive year JB Hunt has received the distinction. The FreightTech 25 are determined by a point system in which each panelist ranks the companies from 1 to 25, and those earning the highest points receive the honor. Marshalltown to start expansion Marshalltown, a construction tools and equipment company, broke ground on a 51,000-square-foot expansion of its Armstrong Avenue facility in Fayetteville. When the project is completed, Marshalltown…
by •
How to Choose: Will v. Trust
Posted in

How to Choose: Will v. Trust

Depending on your situation, assets, stage in life and more, you might need a trust, a will, or both. We can help explain the differences between the documents. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here). Wills and trusts are very different estate planning documents and either can be the right choice, depending on your circumstances. While they both provide instructions for distributing assets following death, a trust is generally a much more detailed document. One of the main…
by •
CNBC Cancels Shepard Smith’s Show Amid Business-News Push
Posted in

CNBC Cancels Shepard Smith’s Show Amid Business-News Push

Like many other TV anchors at business-news outlet CNBC, Shepard Smith finds himself facing a closing bell. The veteran journalist, who arrived at the NBCUniversal venue in the fall of 2020 with a mission to grow the network’s audience in early evening with a non-partisan general-news program, will leave CNBC as it focuses more intently on its core product: information tailored for viewers interested in the markets and personal finance. More from Variety Smith’s last show will air later in November, and CNBC intends to replace his program, “The News with Shepard Smith,” with an evening hour dedicated to business…
by •