Banco Popular de Puerto Rico

The fast-food executive ran into trouble on Capitol Hill over his admission that he employed an undocumented housekeeper. Also shadowing his nomination were divorce-court proceedings that included a domestic-abuse allegation.

R. Alexander Acosta will replace Trump’s first nominee for the position, Andy Puzder, who withdrew his name Wednesday amid controversy over his personal life and business background.

The vote was 52-47, making Price the most contentious nominee for the position since at least President Jimmy Carter’s administration.

Jobless claims fell by 12,000 to 234,000 in the week ended Feb. 4, a report from the Labor Department showed Thursday.

It has cost the California Public Employees’ Retirement System about $900 million since September to reduce its exposure to stocks and private equities as the largest U.S. pension fund sought to reduce risk in its portfolio.

But employer auto-enrollment, rather than employee financial intelligence, may be the reason.

Jobless claims dropped by 28,000 to 235,000 in the week ended Dec. 31, a Labor Department report showed Thursday in Washington.

The U.S. labor market turned in a solid performance at the end of 2016, putting job gains above 2 million for a sixth year as paychecks rose by the most during the current expansion.

The funds lack transparency and offer a “questionable” balance of risk and reward, according to the head of ABN Amro Group NV’s 26.2 billion-euro pension pot, which hasn’t invested in the industry for at least 12 years.

Clients should consider moving to a state that does not tax ordinary income, Social Security benefits or pension payouts.