Yellen Says ‘We Have to Default’ on Something If Congress Fails
Treasury Secretary Janet Yellen said that the federal government will have to renege on some payments if Congress
2023-05-13 05:45
Hedge Fund Trade With a History of Blowups Is Back Again
Hedge funds looking to profit from dislocations in the US Treasury market appear to be playing with the
2023-05-13 05:19
California’s Newsom Slams Congress for ‘Dumb’ Immigration Policy
California Governor Gavin Newsom slammed US House Speaker Kevin McCarthy for the country’s broken immigration system as tens
2023-05-13 05:19
NFL's Washington Commanders agree to sell the team to group led by Josh Harris
Dan and Tanya Snyder agreed to sell the Washington Commanders franchise to a group led by Josh Harris on Friday, according to a statement from from the team and the investment group.
2023-05-13 05:18
Debt ceiling: Still no plan to avoid a default, but major shifts in posture
After a week of meetings on the debt ceiling, Congress, the White House and the country still do not have a clear path forward to avoid a cataclysmic default with just four days when both the House and Senate are scheduled to be in session before June 1, when the US could default on its obligations. On one hand, it looks like this could go to the brink. On the other, there have been pockets of progress over the intervening days and signs that some of the most stringent and hardened positions negotiators have been echoing over the last three months are slowly beginning to soften.
2023-05-13 04:55
US Bank Lending Retreated During Week of First Republic Failure
US loans and deposits fell slightly in the chaotic first week of May when First Republic Bank collapsed
2023-05-13 04:50
Fed’s Extreme Stranglehold Over Wall Street Trading Is Easing
Risky and safe assets alike have hung on every word and deed of Jerome Powell and Co. for
2023-05-13 04:21
Robocall company behind 'billions' of illegal calls sued by FTC
WASHINGTON XCast Labs, a company accused of helping make billions of illegal robocalls, was sued on Friday by
2023-05-13 04:18
Factbox: Linda Yaccarino - the advertising executive Musk picked as new Twitter CEO
Elon Musk has named former NBCUniversal advertising chief Linda Yaccarino as Twitter's new CEO, as the company tries
2023-05-13 03:56
Don't miss next week: Jack Harlow on screen, Kesha, Anna Nicole Smith doc and Scott brothers on HGTV
This week’s new entertainment releases include albums from Kesha and Dave Matthews Band, while rapper Jack Harlow stars in a remake of “White Men Can’t Jump” and wilderness expert Bear Grylls tests contestants on their survival skills, physicality and gross-out tolerance with "I Survived Bear Grylls.”
2023-05-13 03:55
Callout: Seeking small business owners to share experiences on changing lending conditions
Financial institutions were already tightening their lending standards at the beginning of the year, and that has intensified since a trio of bank failures upended the banking industry, surveys from the Federal Reserve and the private sector show. Money is getting harder to come by, and we'd like to hear what people, especially small business owners, are experiencing.
2023-05-13 03:48
Debt ceiling worries deepen as early June U.S. default reinforced
By Richard Cowan WASHINGTON The Washington standoff over raising the U.S. government's $31.4 trillion borrowing limit is adding
2023-05-13 03:27