BEIJING (Reuters) – China’s fiscal status overall is sound and safe, but some local governments are facing high debt risks and large pressure of debt repayment, state media Xinhua news agency reported on Monday, citing a finance ministry official. The comments came as investors and economists become more concerned about…

Topline Amid signs inflation continues to ease, the Federal Reserve decided to hold interest rates steady at the conclusion of its policy-setting meeting on Wednesday—forgoing an additional hike for the first time since officials started raising rates last March but also unexpectedly signaling at least one more increase may be…

The honeymoon between Apple and Goldman Sachs may be over. Recent complaints from Apple Savings customers about their inability to quickly withdraw funds and encountering “rude” customer support staff from Goldman Sachs have awakened the trillion-dollar company to some of the challenges of partnering with a BaaS or Embedded Finance…

Topline The S&P 500 has already rallied to a 14-month thanks in part to Wall Street’s optimism about the Federal Reserve pumping the brakes on its monetary tightening campaign—and history suggests the index could surge considerably more should the central bank officially put an end to hikes Wednesday. Key Facts…

The drug industry and its supporters are blasting the Centers for Medicare and Medicaid Services (CMS) for proposing to limit Medicare payments for the new anti-Alzheimer’s drug lecanemab to patients who participate in a trial or special registry aimed at tracking their experience with the drug. CMS says the record-keeping…

U.S. sweats workers the best! A new report by Oxfam finds among 38 rich nations in the Organization for Economic Cooperation and Development (OECD) the U.S. is first — number one! — among the bottom feeders in wages, worker protection and labor rights. The U.S. ranks 36 out of 38…

Tax Notes reporter Alexander Rifaat discusses the tax implications of the recently passed debt ceiling bill and gentleman’s agreement over IRS funding. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This…

Sixty years ago Congress passed the Equal Pay Act, which has resulted in significant gains for female employees toward achieving “equal pay for equal work.” What Does The Equal Pay Act Do? The Equal Pay Act prohibits a company from paying unequal wages to men versus women for “equal work…

After a small dip in the winter months, the luxury real estate market in Arizona’s Valley of the Sun is rising again. According to data provided by Scottsdale-based brokerage RETSY, the number of homes sold in Paradise Valley—Arizona’s wealthiest community—has surpassed that of all of last year, with the average…

Student loan payments will start in October, not September as previously thought, the Department of Education clarified.  In November, the White House announced that student loan payments would resume 60 days after a Supreme Court decision on President Joe Biden’s student loan forgiveness plan or June 30, whichever comes first.But…