Articles by Aimee Picchi

income inequality abigail disney world economic forum davos oxfam Jan 16, 2022

10 richest billionaires doubled their wealth during pandemic, Oxfam says
Aimee Picchi

The world's 10 richest billionaires have doubled their wealth since the COVID-19 pandemic started in early 2020, with inequality now reaching "outrageous" levels, according to anti-poverty charity Oxfam. The world's 10 richest men saw their wealth double, from $700 billion to $1.5 trillion, during t . . .

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omicron sickout COVID sick worker shortages Jan 14, 2022

The great American sickout: Omicron is causing "hellacious" worker shortages
Aimee Picchi

A record spike in COVID-19 cases due to the Omicron variant is causing a nationwide worker "sickout," disrupting businesses ranging from grocery stores to airlines. The past few weeks have been "hellacious," Delta Airlines CEO Ed Bastian said in a Thursday conference call with analysts and reporters . . .

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eitc irs tax return delay tax refund Child Tax Credit Jan 12, 2022

Here's how long it will take to get your tax refund in 2022
Aimee Picchi

Three-quarters of all Americans get an annual tax refund from the IRS, which often is a family's biggest check of the year. Below are tips from tax experts and the IRS on how to get a tax refund within 21 days of filing. Once that happens, it's likely your tax return will face a delay of weeks or ev . . .

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eitc irs tax return delay tax refund Child Tax Credit Jan 12, 2022

IRS will start accepting tax returns on January 24. Here's how to avoid a refund delay.
Aimee Picchi

Three-quarters of all Americans get an annual tax refund from the IRS, which often is a family's biggest check of the year. Below are tips from tax experts and the IRS on how to ensure a swift tax refund. About 10 million people filed paper returns last year, or about 7% of the 148 million returns f . . .

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aduhelm medicare biogen Jan 11, 2022

Medicare proposes only covering Alzheimer's drug Aduhelm for clinical trial patients
Aimee Picchi

Medicare officials are proposing to restrict coverage of a controversial Alzheimer's drug, Aduhelm, to participants in the federal health insurance program who are enrolled in qualifying clinical trials. The agency said will make a final decision on covering the drug by April 11. Medicare's decision . . .

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expiration CTC children families Inflation Child Tax Credit Jan 11, 2022

36 million families face January without a Child Tax Credit check: "There will be times I won't eat"
Aimee Picchi

For the last six months, 36 million families received a monthly check from the IRS through the expanded Child Tax Credit — a cash infusion that helped pay for groceries, buy school uniforms and ease the costs of raising kids. Spending on childrenNine of 10 families earning an annual salary of less t . . .

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job growth omicron jobs report december hiring Jan 07, 2022

American businesses hired 199,000 workers in December, far fewer than predicted
Aimee Picchi

America's employers added 199,000 jobs in December, falling far short of analyst forecasts. Economists had forecast that employers added 400,000 jobs last month, according to a survey by data provider FactSet. December hiring was little changed from the 210,000 jobs added in November, the Department . . .

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child and dependent care credit irs tax refund Child Tax Credit Jan 07, 2022

Here's who could get a bigger — or smaller — tax refund
Aimee Picchi

The biggest issue that could impact tax refunds is the enhanced Child Tax Credit, tax specialists note. But despite the bigger tax credit, the program could provide a hit to some parents' tax refunds when they file their returns. The result could be a smaller tax refund in 2022, tax experts say. Sma . . .

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jobless claims COVID-19 pandemic Jan 06, 2022

207,000 Americans filed for jobless aid last week, near half-century low
Aimee Picchi

The number of Americans applying for unemployment benefits edged up last week, but claims remains near a 50-year low amid a tight labor market that is spurring businesses to hold onto their workers. About 207,000 people filed for first-time unemployment benefits in the week ended January 1, the Labo . . .

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jolts quits the great resignation job market great resignation labor force Jan 04, 2022

Resignation nation: Record number of Americans quit their jobs before the holidays
Aimee Picchi

Americans quit their jobs in record numbers ahead of the holidays, with an all-time monthly high of 4.5 million people handing in their resignations in November, according to newly released government data. That figure surpasses the previous high reached in September, when 4.4 million people left th . . .

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