Business Update – 17 May 2023
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.
Biden Expresses Optimism Over Debt Limit Deal, but an Agreement Remains Elusive
President Biden is in talks with Congress to raise the debt limit and avoid a potential government shutdown. He is proposing a plan to raise taxes on wealthy Americans and corporations to help pay for the increase.
Taiwan Semiconductor ups its Arizona investment to $40 billion ahead of Biden’s visit
TSMC, the world’s largest semiconductor manufacturer, is investing $12 billion in a new factory in Arizona, creating over 1,600 jobs and boosting the local economy.
General Motors moves deeper into mining with EnergyX lithium investment
General Motors has invested in EnergyX, a lithium mining company, in order to expand its presence in the mining industry and to secure a reliable source of lithium for its electric vehicles.
How These Budding Entrepreneurs Won $20,000 for Their Start-Ups
NYC Boss Up is a program that helps low-income New Yorkers gain access to resources and training to help them become entrepreneurs and business owners. It provides mentorship, workshops, and networking opportunities.
Sonnedix: Powering a Bright Future
Sonnedix is a solar energy company that is committed to providing clean, reliable and affordable energy to people around the world. They are dedicated to powering a brighter future for all.
Once an Evangelist for Airbnbs, She Now Crusades for Affordable Housing
Airbnb is facing allegations of discrimination in its short-term rental practices, which could have a negative impact on the housing market.
Treasury Secretary Yellen reaffirms U.S. could run out of money to pay bills by early June
Treasury Secretary Janet Yellen warned that the US could run out of money by June due to the debt ceiling, and urged Congress to raise the limit.
Shares of companies like GameStop and AMC are down sharply
Meme stocks, such as GameStop and AMC, have seen a surge in popularity due to retail investors buying up shares and driving up prices. This has caused a stir in the stock market.
Summer Hours
Fast-paced and hectic. If you’ve heard that tax season can be grueling, the rumors are true. Those who work in the tax and accounting profession put in a lot of long and challenging days between
January and April. During the summer, our schedule is different.
Well rested. That’s what we hope our team of professionals at Lepper & Company, LLC are after a three-day weekend each week. Our summer hours are designed to enable our team to have three-day weekends during the summer months while still getting their 40-hour workweek accomplished. This allows for more family life balance and even some additional overtime for those interested.
Know any accountants or bookkeepers who would enjoy their summers just a little bit more working with our team? We are looking to grow. Staff accountants must have a C.P.A. or an E.A. license, preferably with solid tax and accounting experience. We’d love it if you sent them our way! (Just not on the weekend, please.)
“So many people spend their health gaining wealth, and then have to spend their wealth to regain their health.” ~A.J. Reb Materi
Get in touch
Contact us if you have any questions or want to discuss your business.
Be well,
Your Team at Lepper & Company, LLC
