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Stock Market and Business News: Live Updates
Jerome H. Powell, the Federal Reserve chair, told lawmakers on Tuesday that a rapidly healing economy no longer needed as much help from the central bank and that keeping inflation in check — including by raising interest rates — would be critical for enabling a stable expansion that benefited workers. Mr. Powell, whom President Biden recently nominated for a second term as chair, is confronting a complicated economic moment as he moves toward another four-year stint as head of the world’s most powerful central bank. He provided his latest thoughts on the Fed’s challenge during his confirmation hearing before the
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Business, marketing career pathways popular in area | News
Marketing is the career pathway program area with the largest enrollment across local schools. Career pathway data from the Kentucky Department of Education is broken down into program areas and more specifically by pathway. Thirteen program areas encompass the offerings made available to students around the region. Those 12 program areas are business, government, STEM, information technology, family and consumer sciences, education and training, health science, law and public safety, construction, agriculture, transportation, manufacturing and marketing. Fifty-four total pathways are available to students in the region within the 12 categories. KDE data shows active enrollment numbers for each pathway in
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Ask Doug & Polly: What’s better for your business: cash or accrual accounting system? | Business News
With accrual-based accounting, the company matches revenue and expenses regardless of the timing of cash movement. This creates the need for a series of other balance sheet items to account for the timing differences between revenue or expense recognition and cash movements. Inventory, accounts receivable and accounts payable are examples of such accounts. Another benefit of cash accounting is that it typically has the effect of deferring some taxes, because it typically recognizes revenue more slowly and expenses more quickly than accrual systems. For example, a company starts a $25,000 job on Dec. 1 and completes it on Dec. 15.
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Kraken is working on a marketplace where customers can take out loans backed by their NFTs | Currency News | Financial and Business News
Jesse Powell is the chief executive and co-founder of crypto exchange Kraken. Kraken Cryptocurrency exchange Kraken is developing a marketplace where customers can use their non-fungible tokens as collateral for loans, according to a Bloomberg interview with CEO Jesse Powell. “If you deposit a CryptoPunk on Kraken, we want to be able to reflect the value of that in your account. And if you want to borrow funds against that,” Powell told Bloomberg. Powell was referring to the CryptoPunk collection of 10,000 pixel-art images that’s considered a groundbreaking project for NFTs, or digital representations of art, music and other
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DVIDS – News – DLA Aviation analysts improve business processes by creating bots
Partnering with the Defense Logistics Agency’s Robotic Process Automation Program this past year, DLA Aviation analysts collaborated with agency activities and major subordinate commands to improve business processes, increase responsiveness and manage costs. During a 2019 enterprise automation information session, the idea of aviation analysts creating robotic process automation programs, also called bots, was introduced, and then in May 2020, aviation leaders agreed to a pilot program to develop local capability. This past year, analysts and developers in the DLA Aviation Procurement Process Support Directorate worked with internal aviation customers from the supplier operations directorates to create an automated
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Study: Women Denied an Abortion See Surge in Financial Distress | Healthiest Communities Health News
A peer-reviewed study recently accepted for publication offers what its authors say is the “first causal evidence” indicating that abortion denials due to gestational limits – such as the 15-week limit approved in Mississippi and recently debated before the Supreme Court – often lead to significant financial distress for women who are unable to obtain an abortion because of such restrictions. The study, slated to be published in the American Economic Journal, examines two groups of women: Those in a “Near Limit” group sought an abortion just prior to a gestational limit – whether aligned with state law or
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Business News for Monday, Dec. 13, 2021
Jim Bankoff of Vox Media, who will lead the combined company.Credit…Daniel Rosenbaum for The New York Times Vox Media has agreed to buy Group Nine Media, a deal that will combine two large digital media publishers as the industry consolidates further, the companies said on Monday night. Jim Bankoff, the chief executive of Vox Media, said in an interview on Monday that the combined companies would be “considerably larger than the sum of the parts.” He will be the chief executive and chairman of the publisher, which will keep the Vox Media name, while Ben Lerer, the founder
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Firm presents service awards | Local Business News
HICKORY — Davidson, Holland, Whitesell & Co., PLLC, recently recognized David Parsons for 25 years of service and Andrew White for five years of service with the company. Each was presented with an engraved acrylic piece and a Visa gift card. Presenting awards was Herb Whitesell, managing partner of DHW. Parsons is a graduate of University of Florida with a B.S. in Business Administration with an emphasis in Accounting. He is a member of the American Institute of Certified Public Accountants and the North Carolina Association of Certified Public Accountants. Parsons lives in Hickory with his wife, Paula, and attends
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