News

Some large banks are discouraging companies from making big cash deposits and are charging fees to those that do. Regulatory changes and low interest rates are partly responsible for the trend.

A number of companies are trying to help employees prepare for retirement by increasing the default contribution rates for their 401(k) accounts. In some cases, these companies are diverting as much as 10% of their workers’ paychecks into their retirement […]

Modest to moderate growth was reported by nine out of 12 US Federal Reserve districts between the middle of August and early this month, according to the latest Beige Book. Labor markets were generally firm, although wages continued to lag […]

A number of companies are insisting that employees work exactly 40 hours a week, with no extra time at night or on weekends for sending e-mails or doing other work-related tasks. These “firm 40” policies help employees be more efficient […]

Low inflation makes it unlikely that there will be a cost-of-living adjustment for Social Security benefits next year, economists say. The government will announce the status of the COLA when it releases September’s Consumer Price Index on Thursday.

The US economy might be strong enough for the Federal Reserve to raise interest rates by the end of the year, Fed Vice Chairman Stanley Fischer said Sunday at the annual meeting of the International Monetary Fund in Lima. Meanwhile, […]

The International Monetary Fund has lowered its projection for the world’s economic growth this year from the 3.3% forecast it made in July to 3.1%. The change is a response to the slowing of emerging-market economies triggered by falling commodity […]

The Organization for Economic Cooperation and Development has published an overhaul of corporate tax rules meant to stop companies from using a technique known as “profit shifting” to move profits to low-tax jurisdictions. The rules are expected to help governments […]

Current and former government officials at a Federal Reserve Bank of Boston conference agreed that US financial regulators can’t be expected to prevent another financial crisis like the one that hit in 2008, because they don’t know yet what they […]