News

Despite challenges globally and in the US, Federal Reserve Chair Janet Yellen said the central bank isn’t planning to reverse course. “I don’t think it is going to be necessary to cut rates,” she told the House Financial Services Committee. […]

Federal Reserve Chair Janet Yellen is due to address Congress this week. She could take a balanced approach in her testimony, touting the positive aspects of the economy while noting rising global risks. Observers will be watching for hints of […]

Treasury Department data show that 4,279 people renounced their US citizenship or long-term residency last year — a new record. The growing number of renunciations may be linked to a campaign by the US to step up enforcement efforts against […]

The US economy gained 151,000 jobs in January, and the unemployment rate edged down to 4.9%, according to the Labor Department. The unemployment rate dropped below 5% for the first time since 2008.

The value of the dollar has tumbled in recent days against other major currencies. The data add to evidence that the economy might be taking a turn for the worse, something analysts will have in mind as they await January’s […]

Large US companies have continued to see diversity gains in their CFO ranks, according to research from Spencer Stuart. Women held 14% of CFO posts at Fortune 500 businesses at the end of last year, an increase from about 12% […]

The Institute for Supply Management’s factory index recorded a 48.2 reading in January, indicating contraction. It was the fourth consecutive monthly decline in manufacturing activity, as companies continued to deal with challenges such as a strong dollar and weakness in […]

US GDP expanded at an annual rate of 0.7% in the fourth quarter, down from 2% growth in Q3. An inventory glut, mild weather that affected consumer spending and a strong dollar dragged on Q4 growth. The economy expanded 2.4% […]

Evidence is emerging that low oil prices are beginning to create a drag beyond the US oil sector, with a broadly based 5.1% plunge in orders for durable goods in December. Economists fear that consumers are unable to take up […]