Category: Business » Economy

[GALLUP] New Index Shows Least-, Most-Accepting Countries for Migrants

2:16 am Eastern | Business

World New Index Shows Least-, Most-Accepting Countries for Migrants

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[GALLUP] Majority of U.S. Minorities Regret a Key Education Decision

12:22 am Eastern | Business

Education Majority of U.S. Minorities Regret a Key Education Decision

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Federal banking agencies propose extension of certain capital rule transitions

4:00 pm Eastern | Business

Federal banking agencies propose extension of certain capital rule transitionsread more »

[GALLUP] Business Gets Bigger Even as Americans Prefer Small

3:37 pm Eastern | Business

Polling Matters Business Gets Bigger Even as Americans Prefer Small

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SEC Charges Investment Adviser With Defrauding Professional Athlete and His Wife

2:45 pm Eastern | Business

The Securities and Exchange Commission today charged investment adviser Jeremy Drake with defrauding two clients, a high profile professional athlete and the athlete’s wife, by deceiving them about the investment advisory fees they were paying.  The SEC alleges that Drake went to elaborate lengths to conceal his fraud, including creating and sending false documents and masquerading as another person to corroborate his lies.  The SEC alleges that Drake, then with Los Angeles-based HCR Wealth Advisors, deceived the clients for more than three years, telling them that they paid a special “VIP” annual rate of 0.15 to 0.20 percent of their assets under management when in fact they paid 1 percent.  Drake’s deception led the clients to pay $1.2 million more in management fees than Drake represented.  Drake personally received approximately $900,000 of incentive-based compensation based on the fees paid by the clients during the course of his deception. Accread more »

Minutes of the Board's discount rate meetings from July 17 and July 26, 2017

2:00 pm Eastern | Business

Minutes of the Board's discount rate meetings from July 17 and July 26, 2017read more »

Federal Reserve Board issues enforcement action with the Bank & Trust, S.S.B.

22 Aug 11:00 | Business

Federal Reserve Board issues enforcement action with the Bank & Trust, S.S.B.read more »

[GALLUP] U.S. Economic Confidence Continues to Rise in August

22 Aug 08:50 | Business

Economy U.S. Economic Confidence Continues to Rise in August

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[GALLUP] Creative Caring: A Back-to-School Success Strategy

22 Aug 06:27 | Business

The Gallup Blog Creative Caring: A Back-to-School Success Strategy

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[GALLUP] Americans' Satisfaction With Schools Edges Up From 2016

21 Aug 15:23 | Business

Education Americans' Satisfaction With Schools Edges Up From 2016

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Hedge Fund Adviser Charged for Inadequate Controls to Prevent Insider Trading

21 Aug 14:00 | U.S. News

The Securities and Exchange Commission today announced that hedge fund advisory firm Deerfield Management Company L.P. has agreed to pay more than $4.6 million to settle charges that it failed to establish, maintain, and enforce policies and procedures reasonably designed to prevent the misuse of inside information, including information about confidential government decisions. The case relates to insider trading charges that the SEC recently filed against current and former Deerfield analysts, a political intelligence analyst who passed them information, and an employee at the Centers for Medicare and Medicaid Services (CMS).  According to the SEC’s order, Deerfield conducted extensive research in the health care sector to help inform its investment decisions, and engaged research firms specializing in political intelligence about upcoming regulatory and legislative decisions.  But Deerfield’s policies anread more »

Your IMF Update: Press Release - Kingdom of Bahrain

21 Aug 11:12 | Business

International Monetary Fund International Monetary Fund: New item in your series of interest.read more »

[GALLUP] Private Schools First, Public Schools Last in K-12 Ratings

21 Aug 04:34 | Business

Education Private Schools First, Public Schools Last in K-12 Ratings

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Your IMF Update: Press Release - Morocco

21 Aug 02:13 | Business

International Monetary Fund International Monetary Fund: New item in your series of interest.read more »

Commission and Commission Staff Issue Updates to Interpretive Guidance on Revenue Recognition

18 Aug 16:46 | Business

The Securities and Exchange Commission today issued two releases and the SEC staff released a Staff Accounting Bulletin to update interpretive guidance regarding revenue recognition. Consistent with developments in private-sector accounting standard setting, the SEC issued a release to update its guidance for bill-and-hold arrangements by stating that registrants should no longer refer to the criteria in Accounting and Auditing Enforcement Release No. 108, In the Matter of Stewart Parness (AAER 108), to recognize revenue for such arrangements upon the registrants' adoption of Accounting Standards Codification (ASC) Topic 606, Revenue from Contracts with Customers. The release states that until a registrant adopts ASC Topic 606, it should continue referring to the guidance included in AAER 108. In addition, the SEC issued a release to update its 2005 Commission Guidance Regarding Accounting for Sales of Vaccines and Bioterror Countermeasures to theread more »

[GALLUP] Americans Viewed N. Korea Warily Long Before Trump's Warning

18 Aug 14:12 | Business

Polling Matters Americans Viewed N. Korea Warily Long Before Trump's Warning

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Banca IMI Securities to Pay $35 Million for Improper Handling of ADRs in Continuing SEC Crackdown

18 Aug 13:05 | Business

The Securities and Exchange Commission today announced that broker Banca IMI Securities Corp. (BISC), an indirect, wholly-owned U.S. subsidiary of Italian bank Intesa Sanpaolo SpA, has agreed to pay more than $35 million to settle charges that it violated federal securities laws when it requested the issuance of and received American Depositary Receipts (ADRs) without possessing the underlying foreign shares. ADRs are U.S. securities that represent shares of a foreign company, and for all issued ADRs there must be a corresponding number of foreign shares held in custody at a depositary bank.  Under “pre-release agreements,” brokers such as BISC may obtain ADRs without depositing corresponding foreign shares provided the broker owns or takes reasonable steps to determine that the customer owns the number of foreign shares that corresponds to the number of shares the ADR represents. The SEC’s order finds that BISC obtained pre-released ADRs and lent them to counterpartread more »

Business Employment Dynamics Latest Numbers

18 Aug 10:41 | Business

Gross Job Gains: Total Private 7,465,000 in 4th Qtr of 2016 Historical Data Goods-Producing 1,306,000 in 4th Qtr of 2016 Historical Data Service-providing 6,159,000 in 4th Qtr of 2016 read more »

Import/Export Price Indexes Latest Numbers

18 Aug 10:40 | Business

Imports All Commodities: +0.1% in Jul 2017 Historical Data Fuels & Lubricants: +0.5% in Jul 2017 Historical Data All Imports Excluding Fuels: -0.1% in Jul 2017 read more »

Major Economic Indicators Latest Numbers

18 Aug 10:40 | Business

Consumer Price Index (CPI): +0.1% in Jul 2017 News Release Historical Data Unemployment Rate: 4.3% in Jul 2017 News Release Historical Data Payroll Employment: read more »

Consumer Price Index Latest Numbers

18 Aug 10:40 | Business

CPI-U, US City Average, All Items: NSA -0.1% in Jul 2017 Historical Data SA +0.1% in Jul 2017 Historical Data NSA +1.7% since Jul 2016 Historical Dread more »

Current Employment Statistics Latest Numbers

18 Aug 10:40 | Business

Change in Total Nonfarm Payroll Employment: +209,000(p) in Jul 2017 Historical Data Change in Total Private Average Hourly Earnings for All Employees: +$0.09(p) in Jul 2017 Historical Data Change in Total Private Average Weekly Hours for All Employees: read more »

Mass Layoff Statistics Latest Numbers

18 Aug 10:40 | Business

Seasonally Adjusted: Total Mass Layoff Events 1,301 in May 2013 Historical Data Change in Total Mass Layoff Events +102 in May 2013 Historical Data Total Mass Layoff Initial Claimants 127,821 read more »

G17: G.17 Data for July 2017 are now available

18 Aug 02:08 | Business

Industrial production and capacity utilization data for July 2017 are now available.Industrial production rose 0.2 percent in July following an increase of 0.4 percent in June. In July, manufacturing output edged down 0.1 percent; the production of motor vehicles and parts fell substantially, but that decrease was mostly offset by a net gain of 0.2 percent for other manufacturing industries. Following a six-month string of increases beginning in September 2016, factory output was little changed, on net, between February and July. The indexes for mining and utilities in July rose 0.5 percent and 1.6 percent, respectively. At 105.5 percent of its 2012 average, total industrial production was 2.2 percent above its year-earlier level. Capacity utilization for the industrial sector was unchanged in July at 76.7 percent, a rate that is 3.2 percentage points below its long-run (1972-2016) average.read more »

G17: G.17 Release Dates for 2018 Announced

18 Aug 02:08 | Business

The 2018 release dates for the G.17 were announced today. The 2018 release dates are as follows: January 17, February 15, March 16, April 17, May 16, June 15, July 17, August 15, September 14, October 16, November 16, and December 14read more »

Your IMF Update: Press Release - Guinea

17 Aug 17:52 | Business

International Monetary Fund International Monetary Fund: New item in your series of interest.read more »

[GALLUP] Gallup Vault: Americans Not Keen on A-Bomb During Korean War

17 Aug 15:05 | Business

Gallup Vault Gallup Vault: Americans Not Keen on A-Bomb During Korean War

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[GALLUP] Parental Fear About School Safety Back to Pre-Newtown Level

17 Aug 14:17 | Business

Education Parental Fear About School Safety Back to Pre-Newtown Level

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Your IMF Update: Speech

17 Aug 12:06 | Business

International Monetary Fund International Monetary Fund: New item in your series of interest.read more »

Your IMF Update: Transcript

17 Aug 11:22 | Business

International Monetary Fund International Monetary Fund: New item in your series of interest.read more »

Federal Reserve Board issues enforcement action with Heartland Bank

17 Aug 11:00 | Business

Federal Reserve Board issues enforcement action with Heartland Bankread more »

[GALLUP] U.S. Business Sectors Gain or Hold Steady in Public Esteem

17 Aug 04:13 | Business

Economy U.S. Business Sectors Gain or Hold Steady in Public Esteem

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SEC Uncovers Wide-Reaching Insider Trading Scheme

16 Aug 15:30 | U.S. News

The Securities and Exchange Commission today announced insider trading charges against seven individuals who generated millions in profits by trading on confidential information about dozens of impending mergers and acquisitions.  Data analysis allowed the SEC’s enforcement staff to uncover the illicit trading despite the traders’ alleged use of shell companies, code words, and an encrypted, self-destructing messaging application to evade detection. In a parallel action, the U.S. Attorney’s Office for the Southern District of New York today unsealed criminal charges against the same seven individuals. According to the SEC’s complaint, Daniel Rivas, a former IT employee of a large bank, was at the center of the alleged scheme, misusing his access to a bank computer system to tip four individuals who traded on the information.  He allegedly tipped others who also traded and passed along the tips.  According to the complaint, the traders profited on market-moving news rread more »

[GALLUP] Higher Education: Drop the Term "Liberal Arts"

16 Aug 15:04 | Business

Opinion Higher Education: Drop the Term "Liberal Arts"

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[GALLUP] Why Are Republicans Down on Higher Ed?

16 Aug 14:41 | Business

Education Why Are Republicans Down on Higher Ed?

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Minutes of the Federal Open Market Committee, July 25-26, 2017

16 Aug 14:00 | Business

Minutes of the Federal Open Market Committee, July 25-26, 2017read more »

Your IMF Update: Country Report No. 17/254 - Dominican Republic, United States

16 Aug 12:24 | Business

International Monetary Fund International Monetary Fund: New item in your series of interest.read more »

Your IMF Update: Press Release - Kingdom of the Netherlands-Aruba

16 Aug 11:07 | Business

International Monetary Fund International Monetary Fund: New item in your series of interest.read more »

[GALLUP] Trump Still Scores Highest as Strong Leader, but Less So Now

16 Aug 04:36 | Business

Politics Trump Still Scores Highest as Strong Leader, but Less So Now

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Your IMF Update: Speech

15 Aug 17:06 | Business

International Monetary Fund International Monetary Fund: New item in your series of interest.read more »

[GALLUP] Warren's Image Remains Split as She Becomes Better Known

15 Aug 14:57 | Business

Politics Warren's Image Remains Split as She Becomes Better Known

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[GALLUP] 2 Reasons Why Employee Engagement Programs Fall Short

15 Aug 14:34 | Business

Opinion 2 Reasons Why Employee Engagement Programs Fall Short

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SEC Charges KPMG with Audit Failures

15 Aug 11:00 | U.S. News

The Securities and Exchange Commission today announced that KPMG has agreed to pay more than $6.2 million to settle charges that it failed to properly audit the financial statements of an oil and gas company, resulting in investors being misinformed about the energy company’s value.  KPMG’s engagement partner in charge of the audit also agreed to settle charges against him. According to the SEC’s order, KPMG was hired as the outside auditor for Miller Energy Resources in 2011 and issued an unqualified audit report despite grossly overstated values for key oil and gas assets.  KPMG and the engagement partner John Riordan failed to properly assess the risks associated with accepting Miller Energy as a client and did not properly staff the audit, which overlooked the overvaluation of certain oil and gas interests that the company had purchased in Alaska the previous year.  Among other audit failures, KPMG and Riordan did not adequately consider and address facts known read more »

SEC Charges KPMG with Audit Failures

15 Aug 11:00 | U.S. News

The Securities and Exchange Commission today announced that KPMG has agreed to pay more than $6.2 million to settle charges that it failed to properly audit the financial statements of an oil and gas company, resulting in investors being misinformed about the energy company’s value.  KPMG’s engagement partner in charge of the audit also agreed to settle charges against him. According to the SEC’s order, KPMG was hired as the outside auditor for Miller Energy Resources in 2011 and issued an unqualified audit report despite grossly overstated values for key oil and gas assets.  KPMG and the engagement partner John Riordan failed to properly assess the risks associated with accepting Miller Energy as a client and did not properly staff the audit, which overlooked the overvaluation of certain oil and gas interests that the company had purchased in Alaska the previous year.  Among other audit failures, KPMG and Riordan did not adequately consider and address facts known read more »

Your IMF Update: Press Release - People's Republic of China

15 Aug 09:09 | Business

International Monetary Fund International Monetary Fund: New item in your series of interest.read more »

[GALLUP] U.S. Economic Confidence Holds on to Prior Week's Gains

15 Aug 08:58 | Business

Economy U.S. Economic Confidence Holds on to Prior Week's Gains

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Business Employment Dynamics Latest Numbers

15 Aug 08:36 | Business

Gross Job Gains: Total Private 7,465,000 in 4th Qtr of 2016 Historical Data Goods-Producing 1,306,000 in 4th Qtr of 2016 Historical Data Service-providing 6,159,000 in 4th Qtr of 2016 read more »

Import/Export Price Indexes Latest Numbers

15 Aug 08:35 | Business

Imports All Commodities: +0.1% in Jul 2017 Historical Data Fuels & Lubricants: +0.5% in Jul 2017 Historical Data All Imports Excluding Fuels: -0.1% in Jul 2017 read more »

Major Economic Indicators Latest Numbers

15 Aug 08:35 | Business

Consumer Price Index (CPI): +0.1% in Jul 2017 News Release Historical Data Unemployment Rate: 4.3% in Jul 2017 News Release Historical Data Payroll Employment: read more »

Consumer Price Index Latest Numbers

15 Aug 08:35 | Business

CPI-U, US City Average, All Items: NSA -0.1% in Jul 2017 Historical Data SA +0.1% in Jul 2017 Historical Data NSA +1.7% since Jul 2016 Historical Dread more »

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