News

U.S. consumer spending picked up last month, but housing figures showed continued cause for concern in that sector. Spending was up 0.5% after a flat July, but contracts to buy previously owned homes fell 1%. In all, however, recent economic […]

Companies have raised $77 billion through initial public offerings this year in the U.S., helping to seal its fourth consecutive year as the world leader for IPOs.

The U.S. Commerce Department’s report of 4.6% gross domestic product growth in the second quarter sent the dollar to a four-year high against a basket of currencies Monday in Asian trading. The shift bolstered Tokyo stocks.

An increase in cyberbreaches is leading financial advisers to consider whether they are doing enough for protection. The Securities and Exchange Commission is conducting spot checks to determine whether advisers are prepared to cope with cyberattacks.

Almost three-quarters of Americans say the U.S. is still in a recession, according to the 2014 American Values Survey from the Public Religion Research Institute. Only 7% of Americans say their financial health is excellent.

Philip Moffitt of Goldman Sachs Asset Management said that Treasury 10-year yields could increase to 4% over the next year as the Federal Reserve winds down its bond-purchase program and considers raising rates.

Finance ministers and central bankers are set at this weekend’s Group of 20 nations meeting to deal with the issue of how multinational corporations are taxed. “Hopefully this weekend, G-20 finance ministers will sign up to an agreed global approach […]

The Federal Reserve’s policy-making committee rejected calls to accelerate the withdrawal of stimulus and made it clear that it has no intentions of moving swiftly to raise interest rates. “There are still too many people who want jobs but cannot […]

The Organization for Economic Cooperation and Development has proposed new international tax rules designed to put an end to the practices multinationals often use to shift profits to low-tax locales. The OECD is proposing a series of actions and guidelines […]