Metals-rich Indonesia's IPO market is so red-hot it's thrashing Hong Kong and India
One of the hottest IPO markets this year is not in a country brimming with global tech giants, nor does it rank among the top 10 global economies by size.
2023-05-29 10:59
Microsoft executive calls for faster AI regulation
The government needs to work faster to regulate AI, which has more potential for the good of humanity than any other invention preceding it, Brad Smith, Microsoft president and vice chair, said on CBS' "Face the Nation" Sunday.
2023-05-29 02:59
State Farm stops home insurance sales in California, citing wildfire risks
State Farm is stopping new home insurance sales in California, citing wildfire risks and skyrocketing construction, the company announced Friday.
2023-05-28 21:59
Don't expect the stock markets to rejoice about the debt ceiling deal
You'd expect the stock market to surge after the White House and House Republicans reached a tentative deal to raise the debt ceiling, But markets may have other plans.
2023-05-28 20:58
Why does Wall Street expect a rate hike in June?
Wall Street expects the Federal Reserve to raise interest rates in June. Not only that, it finally believes the central bank when it says it likely won't cut rates this year.
2023-05-28 20:17
Here's what's in the debt ceiling deal
After several weeks of tense negotiations, President Joe Biden and House Republicans have reached an agreement in principle to raise the debt ceiling and cap spending.
2023-05-28 19:23
'Succession' fans brace for series finale of Emmy-winning hit drama
The critically acclaimed HBO drama “Succession” ends Sunday after its fourth and final season finale airs at 9 p.m. ET
2023-05-28 12:59
Biden and McCarthy race to sell their debt ceiling deal to lawmakers before the government runs out of money
The "agreement in principle" clinched by House Republicans and the White House late Saturday to raise the nation's borrowing limit was the culmination of mad-dash negotiations over the course of the past week that regularly stretched late into the night.
2023-05-28 12:19
Lawyer apologizes for fake court citations from ChatGPT
The meteoric rise of ChatGPT is shaking up multiple industries -- including law. A lawyer for a man suing Avianca Airlines apologized in court after at least six cases as research for a brief were bogus, made up by ChatGPT.
2023-05-28 04:24
From your 401(k) to bonds, here's how to protect your financial well-being as debt default worries grow
Treasury Secretary Janet Yellen earlier this week reaffirmed Thursday June 1 as the deadline for the government to act. But with that X-date only one week away, there's still no deal to raise the debt ceiling -- putting Americans' finances in danger.
2023-05-28 03:56
Debt limit negotiators race the clock to finalize debt deal as risk of default grows
White House and House GOP negotiators are racing to finalize a deal to raise the nation's debt limit as early as Saturday with time running perilously short and the risk of a first-ever US default growing.
2023-05-27 20:57
Why it's so hard to pinpoint the X-date, when the US defaults
For weeks, Treasury Secretary Janet Yellen has been consistently telling lawmakers to act soon because the X-date, when the US could default, could occur as soon as June 1. Now, with June 1 days away, everyone is hoping for a reprieve and that the X-date will slip.
2023-05-27 20:28