Those figuring that the Fed still might hike rates in September are getting one more bite at the apple.

Despite the recent weak labor report, the Federal Reserve still appears on course to raise interest rates relatively soon. Economic data on jobs, wages, and inflation, as well as financial market conditions, will influence the Fed's decision.

On May 17, further to his proposal for reform that would integrate the corporate and individual US tax codes, Senate Finance Committee Chairman Orrin Hatch (R – Utah) held a hearing on a measure that would allow US corporations to deduct dividends paid from their tax calculations.

China is mulling plans to tighten tax reporting requirements on multinationals operating in the country to help close a ­massive global loophole.

HSBC reported adjusted profit before tax of $5.4 billion for the first quarter, down 18 percent on the same period last year.

Credit Suisse reported Thursday that it expects bank trading revenues for the first quarter to plunge 26 percent on average, and while market watchers worry over what this implies for the U.S. economy, one expert considers bank woes are limited to the sector.

Another U.S. interest rate hike "may not be far off" after the Federal Reserve stood pat last week and made only minor downgrades to economic forecasts, St. Louis Fed President James Bullard said on Thursday.

Low rates may be causing low inflation, St. Louis Fed President James Bullard theorized in Friday remarks.

Businesses and investors should brace themselves for higher U.S. interest rates.

Enthusiasm for stronger-than-expected growth to close out 2015 didn't last very long.