The Monday Lowdown ⬇️

If you're new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

💎 Newsletter update.

We’re Shutting Down the Newsletter

Ledger Lowdown is done. No more insights. No more memes.

...APRIL FOOLS 😜

We’re not going anywhere. In fact, we’re coming in hotter than ever. lets get into today edition

💎 WTF of the Day

IRS cuts more jobs as union sues Trump

The IRS is slashing more jobs, and now their union is suing over it. Why? They say Trump’s executive order is gutting their rights, basically wiping out collective bargaining for two thirds of federal workers.

The union’s fighting back, claiming the order kills their ability to negotiate pay, benefits, and basic protections. Oh, and to twist the knife, the order also blocks paycheck deductions for union dues, aka the money that keeps unions alive.

Translation… workers get less say, unions get less power, and the government gets more control. Stay tuned.

Source: Axios

💎 What’s poppin in accounting

SEC stops defending climate disclosure rule

The SEC just backed off defending its own climate rule in court. The rule would’ve required big public companies to report climate risks, stuff like emissions, extreme weather exposure, etc.

But now, the SEC told the Eighth Circuit it’s stepping back from the legal fight, after business groups and red states came out swinging with lawsuits. They’re saying the rule is overreach.

So what does this mean? The rule’s still on the books (for now), but its future looks shaky. And for accountants prepping ESG playbooks, this might be another round of "hurry up and wait."

Source: ESG Dive

 📊 Weekly Trend Chart

Markets just got spooked again, this time by tariff talk.

As Q1 wrapped, tariff chatter picked up and sent a jolt through global markets. Goldman Sachs slashed its S&P 500 target, citing fears of a slowdown if trade tensions escalate.

Tariffs can mess with supply chains, jack up prices, and hit corporate profits, especially for companies relying on imports or exporting overseas. Investors are watching China and Europe closely, worried this could be the start of a full-blown trade war.

Gold hit a record high, and bonds rallied, classic signs of people looking for safety.

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