An employee is suing Johnson & Johnson for breaching their fiduciary duty to effectively manage health benefits. This could drive major change in the industry.

"The chief financial officer and the general counsel share a common goal of protecting the company from legal and regulatory issues."

Following their release of higher-than-expected quarterly revenue numbers, several big banks are tapping the U.S. investment-grade market this week.

In contrast to recently released economic data, Fed districts report seeing weakness in some areas of consumer spending and smaller profit margins for businesses.

Powell's remarks indicate that any reductions in 2024 may come relatively late in the year, if at all.

"With the increase in yields, U.S. corporate bonds [are] more attractive versus European corporate bonds for all tenor points and all currencies, for the first time this cycle."

The value of retail purchases increased 0.7% from February. Excluding cars and gasoline, sales jumped 1% month over month.

The OMB has concluded its review of the DOL's new Retirement Security Rule, indicating that the controversial rule will be finalized sometime this spring.