Former Fed Chair Bernanke argues economy must slow further to bring down inflation
Former Federal Reserve Chair Ben Bernanke, who steered the central bank during the Great Recession, argued in a newly released paper that the Fed still has more work to do to bring inflation down.
2023-05-24 07:25
A father and son will go to prison for a $20 million lottery scheme
A Massachusetts father and son were sentenced in federal court on Monday for a scheme that saw the pair illegally claim more than $20 million in lottery winnings and lie on their tax returns to dodge more than $6 million in federal taxes, prosecutors said.
2023-05-24 06:21
The debt ceiling is an awkward place to talk about spending
The debt ceiling snafu, which has the potential to wreck the US economy, is a civics lesson in the bizarrely inefficient way the American government spends your money.
2023-05-24 05:26
Allkem, set for merger, talks up Argentina's 'enormous' lithium riches
By Lucila Sigal BUENOS AIRES Australian-based lithium miner Allkem Ltd, set for a $10.6 billion merger with U.S.-based
2023-05-24 01:57
Italy's central bank sees sharp rise in rents amid student housing protests
By Federico Maccioni and Alvise Armellini MILAN/ROME Italy is experiencing a surge in rent prices, the country's central
2023-05-24 00:47
America's borrowing is its superpower. A default would tarnish that
Call it American financial exceptionalism: The full faith and credit of the US government goes far, but a default because of the debt ceiling would change that.
2023-05-24 00:28
US new home sales, business activity rise to 13-month highs
By Lucia Mutikani WASHINGTON Sales of new U.S. single-family homes jumped to a 13-month high in April, boosted
2023-05-24 00:17
Alphabet-backed AI startup Anthropic raises $450 million as funding freeze thaws
Anthropic, an artificial intelligence startup backed by Google parent Alphabet Inc, said on Tuesday it had raised $450
2023-05-23 23:18
Ming Dynasty box that sat in an attic for decades sells for $358,000
A 15th century Chinese box which went unnoticed for decades has sold for £288,000 (about $358,000), smashing its expected price at auction.
2023-05-23 22:25
Boeing CEO says supply chain pressure could continue through 2024
DOHA Boeing Chief Executive Dave Calhoun on Tuesday said it could take until the end of next year
2023-05-23 22:18
South Africa could become failed state, says ANC's Fikile Mbalula
Fikile Mbalula says that incessant power cuts in South Africa have "made a mess of our country".
2023-05-23 20:58
America's home improvement boom appears to be over
Americans turned into DIY fanatics during the pandemic, beautifying their apartments, homes and condos while they were stuck inside and tired of looking at the same drab interior every day. But the Covid emergency is over, prices are (much) higher, consumers are growing fearful of a recession and people are spending less at Lowe's and Home Depot.
2023-05-23 20:46