Business Gist Today

Thursday, 13 January 2022

Posted by Unknown - 06:53

The Daily Money: 1 in 3 employers intend to give raises in 2022

ALL THE MONEY NEWS YOU NEED TO KNOW

Thursday, January 13

Good morning and happy Thursday, Daily Money readers. Jayme Deerwester here with you on this Friday eve.

Raise your hand if you haven't had a pay raise since COVID began. That may change in 2022, according to a poll released by Willis Towers Watson, a global professional services firm. It found that one in three companies surveyed intends to increase worker salaries amid the tight labor market and Great Resignation.

Companies were originally planning on giving employees a 3% salary boost, on average, but they have now increased it to 3.4%, the survey found. People on all levels are projected to get raises, from executives to support staff. The largest salary increases are expected in retail and wholesale trade, life and health insurance, finance, energy and industrial manufacturing, the survey found.

On to today's ...

💡DAILY INSIGHT. 💡 The year 2021 was one of the most challenging on record for the Internal Revenue Service, accountants and taxpayers trying to file returns and there's reason to fear 2022 may not be any easier , the national taxpayer advocate told Congress in a report Wednesday. When you factor in omicron, IRS staffing shortages and the backlog of paperwork spurred by last year's stimulus and child tax credit payments, you have the makings of another perfect storm.

"I am deeply concerned about the upcoming filing season," Erin M. Collins said in a statement. "Paper is the IRS's kryptonite, and the agency is still buried in it." (That's one reason the IRS moved the start of filing season up two weeks to Jan. 24.)

OTHER STORIES YOU WON'T WANT TO MISS:

Be careful which brand of COVID test you buy. FDA warns of false results with LuSys Laboratories.

Too nervous to buy a plane ticket? Delta Air Lines just sweetened the pot amid COVID surge

Use 'buy now, pay later' services? That info will soon show up on Equifax credit reports.

Thinking of retiring in your 50s? Here are are four reasons that may not be the wisest move.

Mmmmm, anniversary cookies. Oreo releasing a limited-edition Chocolate Confetti Cake Cookie for its 110th birthday.

🎶 MOOD MUSIC. 🎶 The lyrics to Aloe Blacc's "I Need a Dollar" seem to sum up the situation of overworked employees trying to cope with inflation on the same salary they had in 2019: "It's been a long old trouble, long old troublesome road. And I'm looking for somebody come and help me carry this load."

Child in a suit celebrating and throwing money in the air.

U.S. employers are boosting 2022 pay raises, survey finds

With a tight labor market and the continuation of the Great Resignation, U.S. employers are planning to dole out bigger salary boosts in 2022.

2021 was the worst-ever for taxpayers. 2022 may not be much better.

FDA warns against using unapproved COVID tests

A woman receives a COVID-19 test at Churchill Down

Equifax credit reports will soon include 'Buy now, pay later' activity

Woman holding credit card and shopping on a laptop

Protecting against a fire in your home: What you need to know

4 reasons not to retire in your 50s

Delta Air Lines extends tickets, travel credits through 2023

A Delta Air Lines gate is seen at Hartsfield-Jacks

CDC COVID guidance for cruises to become optional

Royal Caribbean's Mariner of the Seas departs Port

Inflation in the US: How we got here and how we get out

A customer shops for meat at a supermarket on June

Journalist, activist Ida B. Wells will have own signature Barbie doll

Problem viewing email? View in browser

Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback

No comments

Wednesday, 12 January 2022

Posted by Unknown - 06:59

The Daily Money: Why grocery stores still have empty shelves

The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wednesday, January 12

Hello, Daily Money readers, and happy Girl Scout Cookie season. It's me, Jayme Deerwester, back with you this Wednesday.

If you've been to a grocery store in the past week, you may have seen enough empty shelves to make you wonder if you'd traveled through time and space to a Moscow supermarket circa 1985. Shortages at grocery stores across the country have grown more acute in January as omicron continues to spread and winter storms have only worsened supply-chain struggles and labor shortages. The shortages being reported nationwide are widespread, impacting produce and meat as well as packaged goods such as cereal.

And then there's inflation, which has risen 7% to its highest level since 1982, which means your money couldn't buy as many groceries as it used to even if they were available.

On to today's ...

💡DAILY INSIGHT. 💡Selling Girl Scout Cookies "made me comfortable with being able to sell things and market myself," says Vallery Lomas, an attorney who capitalized on her love of confections by winning "The Great American Baking Show" and releasing a cookbook, " Life Is What You Bake It." She explains, "It is scary putting yourself out there because people can tell you 'No.' It's an important thing to learn."

No matter whether you are a member of Team Samoa, Thin Mint or Tagalong, you should find this news appetizing: starting in February, you can order Girl Scout Cookies through DoorDash and have them delivered to your home (provided you live in one of their selected areas). But even if your city is not on the list, you can still enjoy our history of how the coveted cookies went from cafeteria treat to national treasure.

OTHER STORIES YOU WON'T WANT TO MISS:

Bad news for United passengers. The airline is cutting more flights after 3,000 employees tested positive for COVID.

Bank of America slashes overdraft fees. BOA will cut the overdraft fees to $10 from $35 starting in May.

Jerome Powell goes to the Hill. Fed chair tells senators high inflation poses a "severe threat" to jobs market.

Thinking of starting your own company? Entrepreneurs share their best advice.

Win at Wordle. Get help mastering the viral word game.

🎶 MOOD MUSIC. 🎶 Today's song was a no-brainer. I have to go with Cookie Monster's masterpiece: "C is for cookie, that's good enough for me." (Today, I learned there is also a disco version.)