News

As more people enter their golden years, they become increasingly susceptible to financial fraud and financial elder abuse, especially if their mental faculties start to decline.

The US economy expanded at an annual rate of 2.1% in the third quarter, significantly greater than the Commerce Department’s previous estimate of 1.5%. The biggest factor in the change was revised data showing that merchants were building inventory faster […]

Janet Yellen, chair of the Federal Reserve, has defended the central bank’s actions to hold interest rates close to zero for seven years in a letter to a group led by consumer advocate Ralph Nader. Yellen says higher rates would […]

Given low natural interest rates around the world, central banks may need to consider ideas such as keeping big balance sheets, said John Williams, president of the Federal Reserve Bank of San Francisco. “You could think about keeping a permanently […]

The Treasury Department has released new rules to make it harder for companies to move their tax addresses overseas by merging with foreign businesses. The rules take aim at a tactic called “stuffing,” in which a foreign company is made […]

Treasury Secretary Jack Lew said in a letter to lawmakers that the agency will release guidance this week meant to “reduce further the economic benefits of corporate inversions.” A source said the guidance would address so-called earnings stripping, a process […]

Securities and Exchange Commission Chief Accountant James Schnurr is recommending that US companies be allowed to use International Financial Reporting Standards as an add-on to their main financial statements. Schnurr said the idea will have to go through an economic […]

The Department of Labor has proposed a rule that would permit the automatic enrollment of employees in state-sponsored IRA programs with payroll deductions. Workers must be able to opt out, however. The Obama administration hopes to encourage other states to […]

Ninety-two percent of the private economists surveyed by The Wall Street Journal believe the Federal Reserve will start raising interest rates at the policy meeting to be held on Dec. 15-16. In recent comments, Federal Reserve officials have suggested they […]