Washington seen inching closer to debt deal
Democrats and Republicans inched towards a deal Friday, ahead of a long weekend, to extend the US debt ceiling and avoid a crippling default that could hit...
2023-05-26 22:56
'The mother of all crises.' A US debt default would ricochet around the world
The global economy has been hit by two huge shocks in three years. It might be about to suffer a third in the shape of a US debt crisis.
2023-05-26 22:17
Stock market today: Tech lead more gains in early trading on Wall Street
Stocks are opening higher on Wall Street, led by more gains in technology stocks as another chipmaker reported strong demand related to artificial intelligence
2023-05-26 21:53
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
A measure of inflation that is closely tracked by the Federal Reserve increased in April
A key index of U.S. prices ticked higher in April as consumer spending rebounded, a sign that inflationary pressures in the economy remain high
2023-05-26 20:59
Japan unveils policy blueprint featuring childcare, no mention of funding
By Tetsushi Kajimoto and Yoshifumi Takemoto TOKYO (Reuters) -Japan on Friday announced its mid-term economic policy framework, featuring Prime Minister
2023-05-26 20:54
Turkey's bitter election battle nears decision day
Turkey on Friday entered the final stretch of a bitter presidential campaign that has seen Recep Tayyip Erdogan and his secular rival exploit fears...
2023-05-26 20:15
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
Lazard names Orszag as CEO, Jacobs to become executive chairman
By Lananh Nguyen NEW YORK Lazard Ltd said Peter Orszag, a banker and former White House official, will
2023-05-26 19:57
Ukraine Recap: Russia Strikes Hospital; Chinese Envoy in Moscow
At least one person was killed and 23 injured after a Russian missile struck a hospital and veterinary
2023-05-26 19:54
Popular Hedge-Fund Trade Draws Fresh Scrutiny as Debt Battle Rages On
A highly leveraged bond trade that’s become popular with hedge funds is drawing fresh scrutiny three years after
2023-05-26 19:52
Comcast's CEO Is Considering His Next Big Move In the Transforming Media Landscape
Comcast Corp. Chief Executive Officer Brian Roberts has a penchant for lining up a huge deal around every
2023-05-26 19:45