News

Gross domestic product rose an annualized 1.5% in the third quarter, after climbing 3.9% in Q2, according to the Commerce Department. Economists expect growth to accelerate this quarter, attributing Q3’s slowdown to a temporary glut in inventory.

The Federal Reserve has left interest rates unchanged but says it will consider an increase at December’s meeting. The Federal Open Market Committee has dropped a warning that global financial and economic developments might “restrain economic activity somewhat.”

The budget deal forged between the White House and congressional leaders includes a number of policy changes that would affect businesses and individuals. Among other things, the bill would seek to prevent a cut in Social Security Disability Insurance benefits, […]

The White House has reached a tentative agreement with congressional leaders to suspend the debt limit until March 2017. The deal includes a two-year budget plan that would increase spending by $80 billion through September 2017. The House could vote […]

Large businesses could experience declines in profit and revenue for the first time since the end of the recession. Analysts predict a 2.8% decline in per-share earnings from the third quarter of last year, and sales are on track to […]

The four-week rolling average of initial unemployment claims in the US has dropped to 263,250, the lowest since December 1973, the Labor Department said. The four-week figure is widely viewed as giving a better picture of labor-market conditions than the […]

Relatively few employees in restaurant, retail, hospitality and other low-wage industries have enrolled in employer-sponsored health insurance plans, brokers and business owners say. Data from payroll processor ADP indicates the income level at which most eligible workers sign up for […]

The AICPA’s multipronged approach to leading top candidates on the path to CPA includes a new high-school accounting game, campus initiatives, mobile-friendly websites and numerous other efforts

Accounting can be an attractive career choice for millennials because it provides opportunities for advancement and the knowledge necessary to understand how businesses operate. In addition, some accounting firms are making an effort to build millennial-friendly cultures.