skip to main content
skip to newscasts

Wednesday, December 4, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Police hunt for gunman after UnitedHealthcare CEO is killed in Midtown Manhattan; Record number of women to serve in state legislatures nationwide; Onions caused McDonald's E. coli outbreak, but beef production still a concern; Detroit suburb revitalized by federal funds.

view newscast page
play newscast audioPlay

Trump reportedly is considering replacing Pete Hegseth as defense nominee, the French PM is ousted, South Korea rejects martial law, Montana blocks a trans bathroom ban, and women's representation in state legislatures hits new highs.

view newscast page
play newscast audioPlay

Limited access to community resources negatively impacts rural Americans' health, a successful solar company is the result of a Georgia woman's determination to stay close to her ailing grandfather, and Connecticut looks for more ways to cut methane emissions.

Survey: Election poses threat of business disruptions

play audio
Play

Thursday, October 31, 2024   

A new survey of public company audit firms reveals businesses are concerned the upcoming election could affect their financial performance.

The Center for Audit Quality found more than 60% of roughly 1,200 audit partners surveyed worry about potential disruptions.

Julie Bell Lindsay, CEO of the center, said few companies are adjusting their business strategies.

"It suggests that while businesses expect some market turbulence and some uncertainty, they feel equipped to navigate through that," Lindsay explained.

Delta Air Lines recently said election-related uncertainty would affect its fourth-quarter revenue as consumers hold off on discretionary spending. Lindsay added geopolitical concerns also remain a top risk factor for businesses, as conflicts in Ukraine and the Middle East continue to affect the global economy.

Despite ongoing resilience, audit partners' outlook for the economy over the next year is only neutral, with most believing a recession is likely on the horizon. Lindsay noted audit partners are watching for potential indicators, including recent federal rate cuts, a possible government shutdown and a fluctuating labor market.

"They also continue to see that inflation could be an ongoing concern over the next twelve months," Lindsay reported. "I will say that the audit partners in our surveys have been pretty accurately predicting what inflation is going to do."

Lindsay emphasized top priorities for businesses in 2025 remain cost management, improved financial performance and growth. She said labor shortages are no longer a priority among economic risks as employers seek to upskill workers and increase compensation. Still, layoffs and decreasing workplace flexibility remain top strategies for companies to improve their bottom line.


get more stories like this via email

more stories
Research on the effects of a school voucher program in Louisiana show academic performance decreased among kids who use vouchers to attend private schools. (Adobe Stock)

Social Issues

play sound

In this week's 2026 budget address, Gov. Kristi Noem proposed establishing education savings accounts for K-12 students in South Dakota. Opponents …


Environment

play sound

The most current study from the Environmental Protection Agency estimated more than 143 million Americans are at risk of drinking water tainted with P…

Social Issues

play sound

Maryland has one of the highest percentages in the nation of people in prison who began serving time when they were juveniles. A new report from …


The unpaid care provided by more than 580,000 Wisconsin caregivers is valued at $9.2 billion, according to AARP. (Adobe Stock)

Social Issues

play sound

More than 580,000 Wisconsinites are unpaid family caregivers and they serve as the backbone of the state's long-term care system, and one …

Environment

play sound

A county high in the Colorado Rockies is working to include its underserved residents in plans to reduce greenhouse gas emissions, the primary driver …

State officials say in 2023, Minnesota's workplace injury and illness rate fell to an all-time low. (Freepik)

Social Issues

play sound

There is promising news at the national level and in Minnesota in trying to lower workplace injuries and illnesses. A key labor organization is happy …

Social Issues

play sound

By Dakarai Turner for WISH-TV.Broadcast version by Joe Ulery for Indiana News Service reporting for the WISH-TV-Free Press Indiana-Public News Service…

Health and Wellness

play sound

A new report found New York hospitals are in a precarious financial state. The New York State Hospitals Fiscal Survey Report showed statewide …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021