JPMorgan is cutting about 500 jobs
JPMorgan Chase is letting go of about 500 employees this week across the bank, a spokesperson confirmed to CNN on Friday.
2023-05-27 03:52
Deputy Treasury secretary rules out possibility of using 14th Amendment to raise debt ceiling
Invoking the 14th Amendment to lift the borrowing cap on the US debt ceiling as a way to work around slow-moving negotiations is not an option, Deputy Treasury Secretary Wally Adeyemo told CNN Friday, the administration's most definitive response yet to an unlikely option demanded by some progressives.
2023-05-26 21:25
Why Wall Street cares more about Nvidia than the debt ceiling
The debt ceiling debate and possibility that the United States could default on its financial obligations have hung over the heads of investors for nearly six months now. But Wall Street appears to be largely shrugging off the ongoing negotiations as noise, opting instead to focus on a better-than-expected first quarter earnings season.
2023-05-26 19:58
Shein is about to return to India in a big way
Shein is plotting a major comeback in India, nearly three years after it was booted out of the country.
2023-05-26 17:48
Debt limit negotiators under pressure to reach deal as risk of default grows
There are signs that negotiations over raising the nation's debt limit are gaining momentum, but major differences remain and it's unclear how quickly an agreement could come together. Time is running short as the risk of a first-ever default grows.
2023-05-26 17:15
Why any debt deal could be just the beginning of the treacherous road to avoiding default
Just six days remain before America could run out of money to pay its bills in a calamity that could trigger a recession and global economic turmoil. Deep divisions remain between the White House and House Republicans over a potential deal under which Congress would vote to raise the government's borrowing limit in exchange for capping spending.
2023-05-26 12:25
What to watch this weekend: ‘Succession’ finale, John Wick, Matchbox Twenty, 'American Born Chinese'
Sure, lots of folks are eagerly anticipating this Sunday’s “Succession” finale
2023-05-26 12:22
JPMorgan is cutting about 1,000 First Republic Bank employees
JPMorgan Chase informed about 1,000 First Republic Bank employees on Thursday that they will no longer have jobs.
2023-05-26 08:27
New York City Banking Commission votes to freeze Capital One, KeyBank deposits
NEW YORK The New York City Banking Commission voted to freeze the city's deposits at Capital One and
2023-05-26 06:58
Inside the Treasury Department team monitoring early economic warning signs as default threat looms
Nearly five months before the US was projected to hit the debt ceiling, a small team inside the Treasury Department began alerting top officials to early effects already being felt in the US financial system.
2023-05-26 06:46
Jerry Jones sneaks in bold assessment of himself on involvement with Cowboys
Dallas Cowboys owner Jerry Jones insists that he didn't "get into the NFL for money", although he's made quite a bit of it by purchasing the Cowboys.The motivations behind becoming an NFL owner range, from lifelong New England Patriots fan Robert Kraft buying the team to keep...
2023-05-26 05:46
How to protect your investments and finances as debt default worries grow
Treasury Secretary Janet Yellen earlier this week reaffirmed Thursday June 1 as the deadline for the government to act. But with that X-date only one week away, there's still no deal to raise the debt ceiling -- putting Americans' finances in danger.
2023-05-25 23:53