Employers spend billions annually screening and assessing potential new hires, but they aren’t getting much for their money. As many as 95% of employers admit to hiring the wrong people each year. Worse, more than a third of employers report being unaware of the true costs of bad hires, which can reach as high as five times annual salary costs. ...

The minutes of the Federal Reserve’s monetary policy meeting show central bankers continue to move closer to explicitly allowing the economy to run hot enough to push the inflation rate above its 2% target for a period of time. The big undecided question is, will the Fed lower interest rates to meet this new objective? While a rate cut looks ...

The rise of social media has turned the fear of missing out — or FOMO — into a widespread anxiety. Those jitters may now strike parts of Europe’s banking sector with renewed anticipation for a wave of much-needed consolidation. An unsolicited bid by Intesa Sanpaolo SpA for Unione di Banche Italiane SpA triggered hopes of a process that would help ...