Treasury Secretary Jack Lew says he has "a careful eye on market volatility," but financial institutions should not get stressed out. "We are looking at what, if any, risks there are and so far have not seen the kinds of stresses in financial institutions that would cause us to have any immediate concerns," Lew said.
Employers added 173,000 jobs to the US economy last month, according to data from the Department of Labor. The job gain was slightly below analysts' expectations, but the unemployment rate still fell from 5.3% to 5.1%, the lowest mark since 2008.
This article covers recent developments in the area of individual taxation, including common issues arising in individual income tax returns, the Sec. 469 material participation rules, and the taxability of state economic development credits.
Starting salaries for US accounting professionals are expected to rise between 4% and 5.3% in the coming year, according to a new salary guide from staffing services provider Robert Half. This represents a significant rise in the percentage increase that was forecast in guides the past three years.
As the world's reliance on technology grows, so does the risk of a cyberattack. Learn how you and your clients can develop a response plan in case the fear of a cyberattack becomes a reality.
Certain financial missteps can cause problems in retirement. Here are mistakes people may make with investing, health care financing and attempting to reduce their tax burden in retirement.
Two men in Brazil foolishly attempted to rob Monique Bastos, a professional MMA fighter who has a blue belt in jiujitsu. She took one of the men to the ground in a rear naked choke, then held him in a triangle choke until police arrived. A video caught some of the action, which included the man screaming and crying for help.
Gas stations, which are seeing an increase in credit and debit card fraud, are seeking to secure transactions at the pump. Meanwhile, Visa offers a system that's helping reduce fraud at gas stations, and MasterCard soon will offer a similar service. EMV-enabled card readers aren't required at pumps until 2017.
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