By Davide Barbuscia NEW YORK News of a debt ceiling agreement still leaves uncertainties on the U.S. credit

SEFFNER, Fla.--(BUSINESS WIRE)--Nov 1, 2023--

BENTONVILLE, Arkansas Walmart on Wednesday said it has not made any changes to its merchandise tied to Pride

President Joe Biden on Monday said he was “optimistic” about the chances of finding an agreement with the Republican-led House of Representatives that would avoid a catastrophic default on America’s sovereign debt. Speaking at the outset of a crucial meeting with House Speaker Kevin McCarthy, Mr Biden said the source of his optimism was a shared agreement between the two men that a debt default is “off the table”. Mr Biden also said the consequences that would arise should the US fail to meet its’ outstanding debt obligations would be “a kick in the ... economic well-being” for the American people. The negotiating session between the president and House speaker comes with just ten days remaining before the US Treasury is set to lose the ability to pay its’ bills by issuing new bonds. In a letter to Congress, Treasury Secretary Janet Yellen said on Monday that “it is highly likely” that the Treasury would run out of operating funds in the event that Congress does not raise the department’s statutory debt limit. A default on America’s sovereign debt would be a financial catastrophe both for Americans and people around the world who rely on US financial stability. Mr Biden said he and Mr McCarthy “talked about the need for bipartisan agreement” and stressed that he was “optimistic” that he and Mr McCarthy were “going to make some progress” during the Monday evening session. For his part, the House Speaker said he and Mr Biden had a “very productive” conversation during a phone call held on Sunday while Mr Biden was returning to Washington from the G7 summit aboard Air Force One. Earlier in the day, Mr McCarthy told reporters at the Capitol that “decisions have to start being made” on spending for the next fiscal year since “we’re 10 days out” from the debt ceiling deadline. “We have to spend less next year than we spent this year,” he said before pointing to the House’s proposal for spending cuts as the “framework” for a deal. “I’m hopeful,” he added. Read More Watch live: Biden and McCarthy meet to discuss US debt ceiling Who is Tim Scott? 5 things to know about the newest 2024 GOP presidential candidate A timeline of Donald Trump’s rivalry with Ron DeSantis

NEW YORK & ATLANTA--(BUSINESS WIRE)--Jun 7, 2023--

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Jun 20, 2023--

Yang Huiyan, the chair of real-estate giant Country Garden and one of China's richest women, has lost more wealth than any billionaire in the world in the past two years, Bloomberg reported Wednesday, as her building conglomerate sits on the edge of default.

Carlos Ghosn, the former rock star businessman who fell from grace and fled authorities smuggled in a music instrument box, is getting what his dramatic story deserves — a multi-part Apple TV+ documentary series

Autoworkers in Canada ratified a new labor contract Sunday with General Motors, averting a resumption of a strike that had

Macy’s is expanding its small-store format into the West and Northeast in a bid to increase customer visits and add new shoppers

A key U.S. automotive industry organization says it will set performance standards for Tesla’s electric vehicle charging cords in another move toward using the Tesla plug on all EVs

On Thursday, trades handled by the world’s largest bank in the globe’s biggest market traversed Manhattan on a