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Economic headwinds: Law firms

Economic headwinds: Law firms

The professional services industry has experienced a luxury that many others throughout the pandemic have not—stability. However, now that the U.S. economy contracted in each of the first two quarters of 2022, the warning signs are clear: Without making significant progress on improving productivity, firms in all sectors risk a sharp decline in profits in 2022 amid the increase of direct expenses and inflation.
Economic headwinds: Consumer products

Economic headwinds: Consumer products

The impact of inflationary pressures on consumers and their willingness to spend has left many consumer products companies holding bloated inventory levels.
Inflation Reduction Act passes Senate; House vote expected this week

Inflation Reduction Act passes Senate; House vote expected this week

The Inflation Reduction Act contains incentives for investment in the energy sector, a corporate alternative minimum tax, an excise tax on stock buybacks, IRS funding and an extension of business loss limitations.
Inflation Reduction Act passes Senate; House vote expected this week

Inflation Reduction Act passes Senate; House vote expected this week

The Inflation Reduction Act contains incentives for investment in the energy sector, a corporate alternative minimum tax, an excise tax on stock buybacks, IRS funding and an extension of business loss limitations.
Travel industry, expecting busy summer, casts wary eye on inflation

Travel industry, expecting busy summer, casts wary eye on inflation

With COVID-19 caseloads easing and consumers flush with savings built up during the pandemic, the travel industry was anticipating a robust season.
The economic slowdown and hospitality

The economic slowdown and hospitality

Inflation is hitting the hospitality industry harder than the broader economy.