U.S. Companies Scramble to Deal with Surging Interest Rates

Corporate treasurers in companies at all points on the credit-rating spectrum are coping with more than a year of interest rate hikes by cutting costs and paying down debt.

By Nina Trentmann & By Dayana Mustak | June 16, 2023 at 12:12 PM

Photo: An Apple store in Miami, Florida, on April 12, 2022.

As the Federal Reserve signals it will likely tighten the money supply further, corporate treasurers are scrambling to cope with the impact of more than a year of central bank rate hikes, taking steps like cutting costs and paying down debt.

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Federal Court Shuts down Expanded Overtime Pay Rule

By Michael Popke | November 21, 2024

According to a Texas judge, the U.S. Department of Labor overstepped its boundaries in raising the salary threshold.

Federal Court Shuts down Expanded Overtime Pay Rule

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Treasury Department Flags Risks from New Cross-Border Payments Systems

By Christopher Anstey | November 21, 2024

Soon after BRICS leaders said they will build a cross-border payments system that bypasses Western platforms, a senior U.S. Treasury official warns that such a system would pose risks to international financial stability if it didn’t adhere to standards aimed at minimizing illicit activity.

Treasury Department Flags Risks from New Cross-Border Payments Systems

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