Upward revisions to third-quarter numbers for business investment and government spending show that the U.S. economy grew even faster than originally estimated.
Gross domestic product (GDP) rose at an upwardly revised 5.2 percent annualized pace in the third quarter, the fastest in nearly two years. Consumer spending advanced at a less-robust 3.6 percent rate, according to the government's second estimate of the figures issued today.
The ERISA Industry Committee, which represents the largest employers in the U.S., is calling on Congress to re-examine the premiums paid by companies that sponsor defined-benefit plans.
In a report released earlier this month, the agency revealed it recovered $4.9 billion in overpayments but still has a $23 billion uncollected overpayment balance, despite repeated attempts to contact beneficiaries.
After months of relief, inflation statistics may look a bit higher this week, as the BLS is rolling out changes in how it tabulates health insurance costs, introducing a new methodology designed to smooth out volatility and reduce time lags.
JPMorgan is leveraging blockchain technology to let clients program their accounts to automatically move funds in response to certain conditions—such as to cover overdue payments and margin calls.