Initial jobless claims inched up by only 2,000 last week to 204,000, remaining below the pre-pandemic average, while pending home sales plunged by 7.1%.
Business orders for equipment rebounded in August after falling for two straight months, an encouraging sign for American businesses.
The mixed signals from Thursday's data on initial jobless claims and existing home sales added to an economic picture that resembles a soft landing.
Health care organizations have significant financial incentives to capitalize on the tax credits available from the IRA when investing in clean energy assets.
Housing starts in the United States fell by a sharp 11.3% in August, the second double-digit drop in three months.
While we expect the Federal Reserve to hold rates unchanged on Wednesday, what its updated Summary of Economic Projections will look like remains less clear.
Learn about new regulatory guidance related to alternative banking and how your institution can grow while managing risks.
Treasury and the IRS have released final regulations and a revenue procedure providing guidance on program under section 48(e).
The IRS has temporarily halted processing of employee retention credit claims and will provide additional guidance for businesses.
IRS issues Notice 2023-63 outlining how taxpayers should treat their research and development expenditures under section 174.
The IRS and Treasury released proposed regulations with respect to prevailing wage and apprenticeship requirements for clean energy tax incentives.
In May 2014, the FASB issued new revenue recognition guidance that replaces most pre-existing revenue recognition guidance, including industry-specific guidance, in U.S. GAAP.
Retail sales and producer inflation came in significantly higher than expected, while initial jobless claims were lower than the market consensus.
Proposed regulations for digital asset reporting under section 6045 will require brokers to report sales and exchanges of digital assets to the IRS.
Consumer inflation in August posted the biggest monthly increase in more than a year, driven mostly by the surge in oil and energy prices.
We expect the Fed to hold its policy rate steady at 5.25% to 5.5% at its meeting next week and would advise the Fed to begin shaping expectations about a likely...