Why we may need a stock market plunge to solve the debt ceiling crisis
Wall Street is taking a no-worries attitude about the ticking time bomb in Washington that threatens to blow up the world economy. That might be a problem.
2023-05-23 01:17
Debt ceiling woes could kill dealmaking on Wall Street
Mergers and acquisitions are Wall Street's bread and butter. When companies combine, or one company buys another, it creates opportunities for investors and banks to make money by providing advice or finance for the transaction.
2023-05-22 19:57
Get up to speed on the US debt drama
House Republicans are insisting on spending cuts before they will agree to raise the nation's debt ceiling past $31 trillion.
2023-05-22 19:54
Debt limit deal remains out of reach as McCarthy and Biden plan to meet again
The countdown is on, the stakes are high -- and there is still no debt limit deal.
2023-05-22 17:21
US economy on the brink as time runs low to avert debt default
America is heading close to the brink of a self-imposed economic disaster with the Republican-led House refusing to pay the country's debts unless President Joe Biden agrees on cuts to current and future spending and new curbs on social programs.
2023-05-22 12:28
Janet Yellen reaffirms June 1 as hard deadline to raise the debt ceiling
Treasury Secretary Janet Yellen reaffirmed June 1 as the "hard deadline" for the US to raise the debt ceiling or risk defaulting on its obligations.
2023-05-21 23:18
Could the Fed raise rates again in June?
Will the Federal Reserve hike rates at its next meeting in June — for the 11th time in a row — or pause? Wall Street seems to be betting on the latter, but it was a topsy-turvy journey to that consensus last week.
2023-05-21 21:17
Blackstone acquires International Gemological Institute
MUMBAI Private equity giant Blackstone Inc said it has fully acquired the jewellery certification firm International Gemological Institute
2023-05-21 19:24
Biden asks aides to arrange call with McCarthy as debt ceiling talks appear stalled
President Joe Biden has asked to speak with House Speaker Kevin McCarthy once his meetings conclude in Japan, in hopes of helping to put negotiations to raise the US debt ceiling -- which have appeared mostly stalled since Friday -- back on track.
2023-05-21 17:58
Analysis-Vodafone's new CEO faces tough calls to reconnect with investors
By Kate Holton and Paul Sandle LONDON When Vodafone named Margherita Della Valle as CEO last month, investors
2023-05-21 13:17
George Santos names himself treasurer of his campaign committee
Rep. George Santos has named himself the treasurer of his campaign committee, marking the latest twist in a monthslong saga over puzzling filings his campaign has made with federal regulators.
2023-05-21 02:52
US cities with military bases risk economic damage in debt ceiling fight
The US could default on its debt as soon as under two weeks from now, and cities with a large military presence risk an economic firestorm if lawmakers don't act.
2023-05-20 22:15