{"id":8819,"date":"2023-05-22T22:46:16","date_gmt":"2023-05-23T02:46:16","guid":{"rendered":"https:\/\/palmer-cpa.com\/?post_type=covid-19-resource&p=8819"},"modified":"2023-05-22T23:12:51","modified_gmt":"2023-05-23T03:12:51","slug":"weekly-digest-24-may-2023","status":"publish","type":"weekly-digest","link":"https:\/\/palmer-cpa.com\/weekly-digest\/weekly-digest-24-may-2023\/","title":{"rendered":"Weekly Digest \u2013 24 May 2023"},"content":{"rendered":"
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.<\/span><\/p>\n Bill Gates predicts that AI-powered smart assistants will be the big winner in the future.<\/span><\/a> He believes that these assistants will be able to help people with tasks such as scheduling, shopping, and managing finances. He also believes that AI will be able to provide personalized advice and recommendations.<\/span><\/p>\n Small business optimism has dropped to its lowest level in a decade, according to the National Federation of Independent Business. The decline is attributed to the economic uncertainty caused by the coronavirus pandemic, with businesses facing decreased sales, layoffs, and other challenges.<\/span> Federal Reserve presidents have signaled that<\/span> more interest rate hikes may be necessary to cool inflation<\/span><\/a>. They have expressed concern that inflation could rise too quickly if the economy continues to grow at its current pace. The Fed is expected to raise rates at least two more times this year.<\/span><\/p>\n The pandemic has caused many people to save more money, but some are still spending<\/span><\/a>. This is due to the stimulus checks, unemployment benefits, and other government aid. People are using this money to buy items such as cars, furniture, and appliances, which is helping to keep the economy going.<\/span><\/p>\n America is currently facing a labor shortage<\/span> due to a combination of factors<\/span><\/a>, such as an aging population, a lack of skilled workers, and a decrease in immigration. This shortage is causing businesses to struggle to find qualified workers, leading to increased wages and a decrease in productivity.<\/span><\/p>\nBill Gates says the big winner in A.I. will be whoever makes a truly useful smart assistant first<\/b><\/h2>\n
Small business optimism sinks in April to lowest level in a decade<\/b><\/h2>\n
\n<\/span>Read More<\/span><\/a><\/p>\nFed presidents signal more interest rate hikes needed to cool inflation<\/b><\/h2>\n
Cash Saved During Pandemic is Letting Shoppers Keep Spending<\/b><\/h2>\n
Understanding America’s Labor Shortage<\/b><\/h2>\n
Zoom Earnings Top Estimates<\/b><\/h2>\n