US Virgin Islands subpoenas Elon Musk as part of lawsuit into Jeffrey Epstein sex trafficking ring
The US Virgin Islands has subpoenaed Elon Musk, requesting documents from the Tesla CEO and Twitter owner for its lawsuit alleging JPMorgan Chase benefited financially from Jeffrey Epstein's sex trafficking operation.
2023-05-16 06:29
US may default on debt as soon as June 1, Yellen reaffirms
It's still likely that the US could default on its obligations in early June if Congress doesn't act, Treasury Secretary Janet Yellen said Monday.
2023-05-16 04:19
Explainer-How Wall Street is preparing for possible US debt default
By Davide Barbuscia and Pete Schroeder NEW YORK/WASHINGTON As talks over raising the U.S. government's $31.4 trillion debt
2023-05-15 18:18
Fed's Jefferson: inflation 'insidious,' need to bring it down
PALO ALTO, Calif. - Federal Reserve Governor Philip Jefferson said on Friday he is just as serious about the central
2023-05-13 10:16
US regulator urges recall of 67m airbag inflators
The parts maker rejected the request, saying investigators had not found any "systemic" defects.
2023-05-13 08:22
Fed's Jefferson, Biden's vice chair pick, says Fed 'on track'
PALO ALTO, Calif. The Federal Reserve is "on track" to doing what is necessary to meet the two
2023-05-13 08:20
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
Pakistan's political crisis will deepen its economic misery
The political unrest that's engulfed Pakistan since former Prime Minister Imran Khan was arrested earlier this week will complicate efforts to secure a financial lifeline from the International Monetary Fund and exacerbate the country's economic crisis.
2023-05-13 02:28
'Every family should be concerned' about debt ceiling, consumer watchdog warns
Leaders in Washington are running out of time to avoid an unprecedented default on US debt. The top consumer watchdog in the federal government is warning of dire consequences for American families.
2023-05-13 02:22
Carrefour Brasil in talks with Barzel Properties over $260 million deal
SAO PAULO Carrefour Brasil said on Thursday it has entered into exclusive talks with Barzel Properties for the
2023-05-12 06:48
China names head of powerful new financial regulator as industry faces greater scrutiny
China has appointed the head of its powerful new financial watchdog, which was created as part of sweeping reforms aimed at reining in the $60 trillion industry.
2023-05-11 16:52
Telefonica Q1 net profit falls 58% but still beats expectations
MADRID Spanish telecom firm Telefonica said on Thursday its first-quarter net profit fell 58% from the same period
2023-05-11 14:19