Employers announced plans to shed 44,842 workers from their payrolls in June, following the 41,034 planned job cuts announced in May, according to a report issued by Challenger, Gray & Christmas.
The 20-City Case-Schiller Composite gained 4.9 percent year-over-year in April, slightly lower than March’s gain of 5 percent. The 10-City Composite gained 4.6 percent in April from the previous year, down from the 4.7 percent year-over-year gain in March.
The discussion about the migration to faster payments used to feel like people talking about the weather. Everyone complained about it but no one ever did anything.
The Department of Labor today released its long-awaited proposal to revise the requirements for employees to be exempt from overtime under the Fair Labor Standards Act. Those rules haven’t been updated since 2004.
Commercial banks reported total trading revenue of $7.7 billion in the first quarter of 2015, 72 percent higher than in the fourth quarter of 2014 and 24 percent higher than a year prior, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released today.
The Commodity Futures Trading Commission today issued a proposal on when margin requirements would apply to uncleared swap transactions in a cross-border context.
The federal banking agencies today issued updated host-state loan-to-deposit ratios that they will use to determine compliance with Section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act.
Fannie Mae’s and Freddie Mac’s combined first-quarter earnings were $2.4 billion, up from the $1.5 billion they earned in the fourth quarter of 2014 but down substantially from the $9.3 billion they earned a year before, the Federal Housing Finance Agency reported today.
As many as three-quarters of all merchants may not have implemented EMV chip card technology before the Oct. 1 liability shift, according to a report last week from Javelin Strategy and Research.
Consumer sentiment rose to 96.1 in June, up 5.4 points from the previous month according to the University of Michigan Consumer Sentiment Index. The index is currently 15.6 points higher than in June of 2014.