The Federal Reserve is scrutinizing whether Morgan Stanley’s wealth management business is taking adequate measures to prevent potential

The Senate has passed a bipartisan agreement forged by US president Joe Biden and House speaker Kevin McCarthy to raise the $31.4 trillion US debt ceiling after the deal survived a Republican rebellion in the House of Representatives. The Fiscal Responsibility Act, which will also implement new federal spending cuts, cleared the lower chamber with 314 votes in favour and 117 against on Wednesday night. The narrowness of its passage through the House was made possible through the support of Democrats, who stepped in to thwart a Republican rebellion that badly undermined Speaker McCarthy’s claims to control over his increasingly divided party. On Thursday, the Senate rejected 11 proposed amendments before passing the bill 63 for to 36 against. Senate majority leader Chuck Schumer will now send the bill to President Biden’s desk for his signature. Full congressional approval was required before Monday 5 June, when the Treasury Department was expected to run out of funds to pay its debts for the first time in American history. Read More Underestimated McCarthy emerges from debt deal empowered as speaker, still threatened by far right Lauren Boebert didn’t turn up to vote on debt ceiling deal she furiously campaigned against What’s next for Biden-McCarthy debt ceiling deal as Senate races to beat default deadline?

SHAOXING, China--(BUSINESS WIRE)--Oct 12, 2023--

TOKYO (Reuters) -Kioxia Holdings's lenders are planning to refinance 2 trillion yen ($13.5 billion) in loans to support its potential

China’s central bank cut the amount of cash lenders must hold in reserve for the second time this

American Express saw its profit and revenue climb in the second quarter, but the credit card issuer and global payments company’s stock slipped before the market open as it set aside more money for possible defaults on payments

President Joe Biden said Wednesday he is confident a deal can be reached with Republicans leaders to avert a potentially catastrophic US debt default...

Mackenzie Investments has cut about 50 jobs, including senior executive roles, as part of a restructuring by new

Two military-ruled West African nations vowed Monday to prevent military intervention in Niger as a military junta attempts to consolidate power after a coup

The home of Georgia Tech football has been renamed Bobby Dodd Stadium at Hyundai Field following a naming rights agreement between the school and the automaker

WASHINGTON President Joe Biden said on Tuesday the United States economy is "strong now" and he does not

Oil held gains as softening US inflation prompted optimism the rate-hiking cycle may be nearing an end, improving