News

The Securities and Exchange Commission has formed the Office of Risk and Strategy to increase scrutiny of registered investment advisers and mutual funds. Peter Driscoll, who heads the office, said it will develop tools and techniques for risk analysis and […]

Issues such as cybersecurity, shadow banking and executive compensation must be addressed going forward, said President Barack Obama, who met with a group of regulators including Securities and Exchange Commission Chair Mary Jo White and Federal Reserve Chair Janet Yellen. […]

Health insurance plans will start being rated based on the size of their networks of doctors and hospitals as part of new rules for the Affordable Care Act to be published in the Federal Register this week. Maximum out-of-pocket costs […]

US payrolls gained 242,000 jobs in February, according to government data. That was more than economists had expected, but average hourly wages dipped. The unemployment rate remained at 4.9%.

The Federal Reserve’s Beige Book indicates improvement in hiring, consumer spending, loan demand and home sales. Fed officials will meet this month to discuss the possibility of another interest-rate increase and other issues.

William Dudley, president of the New York Federal Reserve, projects growth of about 2% for the US economy this year but says he has gotten less confident. Dudley cites in particular the recent turbulence in global markets, one of the […]

New data temper optimism over the course of the US economy, with pending home sales in January falling to their lowest level in 12 months and factory activity slowing in the Midwest and staying weak in Texas. However, other sectors […]

Group of 20 finance ministers have rejected the idea of adopting additional policies to deal with deepening economic problems, instead encouraging countries to better use monetary policy, increase spending and implement structural change. The global economy is in better shape […]

US orders for durable goods bounced back strongly in January, rising 4.9% after dropping 4.6% a month before. It was the biggest gain since March 2015 and is considered an encouraging sign for the long-struggling manufacturing sector.