News

Morgan Stanley, Wells Fargo, Goldman Sachs Group and other major banks announced plans to increase dividends, buy back stock or both after the Federal Reserve announced stress-test results. The central bank approved the capital plans of 28 of 31 major […]

At next week’s policy meeting, the Federal Reserve could remove its promise to be “patient” from official language about raising short-term interest rates. That could pave the way to discuss a rate hike at its June meeting. That possibility, which […]

A strengthening U.S. job market isn’t translating into much bigger paychecks, with 2% wage gains barely more than half the rate typically seen in a recovery. As a consequence, consumer spending remains tepid. And the reason may lie in other […]

Equifax Information Services, Experian Information Solutions and TransUnion will announce changes to the way they resolve disputes and handle unpaid medical bills in credit reports. Under the changes, the companies will have to use trained employees to review information customers […]

The U.S. unemployment rate fell to 5.5% last month as 295,000 jobs were added to payrolls, according to the Labor Department. Meanwhile, pay edged up 3 cents an hour and the average work week remained at 34.6 hours.

Lawyers presented arguments to the Supreme Court on Wednesday regarding whether the Affordable Care Act authorizes tax credits only for people who buy a health insurance plan through a state-run exchange and not the federally run HealthCare.gov. A decision is […]

The House of Representatives approved legislation extending funding for the Department of Homeland Security. The measure passed 257-167 with the backing of 75 Republicans and all Democrats who voted. Spending for the agency turned into a debate over President Barack […]

The Internal Revenue Service audited 57,211 U.S. businesses in fiscal 2014, just 0.57% of the total. That rate, an eight-year low, represented a decrease from 0.61% during 2013. IRS Commissioner John Koskinen attributed the decline to the agency’s smaller budget.

The U.S. economy expanded at an annual rate of 2.2% for the fourth quarter, according to revised estimates by the Department of Commerce. Growth was previously estimated at 2.6%. Data about business stockpiles and the trade deficit contributed to the […]