How you can prepare for a debt default
Treasury Secretary Janet Yellen reaffirmed June 1 as the hard deadline to raise the debt ceiling on Monday, saying she expects the US not to be able to pay all of its bills in early June.
2023-05-23 20:17
Jamie Dimon warns of a commercial real estate downturn
Economists are concerned about the $20 trillion commercial real estate (CRE) industry and so is JPMorgan Chase CEO Jamie Dimon.
2023-05-23 19:50
Car seats and baby formula are regulated. Is social media next?
The U_S_ Surgeon General is warning there is not enough evidence to show that social media is safe for young people — and is calling on tech companies, parents and caregivers to take “immediate action to protect kids now.”
2023-05-23 17:29
Biden and McCarthy are projecting optimism, but there's still no debt limit deal
The clock is ticking for President Joe Biden and House Speaker Kevin McCarthy to come to agreement to avoid a first-ever default on the nation's debt. And although there are some positive signs suggesting they're closer to a consensus, there is still no deal.
2023-05-23 17:16
Street traders offer a better bargain than stores as Zimbabwe's currency crumbles
Shoppers in Zimbabwe are increasingly turning to street traders to buy what they need as the local currency plunges in value against the U.S. dollar
2023-05-23 15:24
Actor Jeremy Renner wants tax credits for film projects in northern Nevada but he may have to wait
Actor Jeremy Renner spent Monday pitching an amendment to Nevada lawmakers to include his home region in a tax deal to expand the film industry to Las Vegas
2023-05-23 09:57
Montana is banning TikTok. But can the state enforce the law and fend off lawsuits?
TikTok is challenging Montana’s first-of-its kind law that makes it illegal for people to use the social media app in the state
2023-05-23 07:25
Fact Check: Sen. Tim Scott's presidential announcement speech
Sen. Tim Scott announced he's running for the Republican nomination for president on Monday, setting up a challenge to former President Donald Trump, the current frontrunner.
2023-05-23 06:24
Africa's richest man launches $20 billion refinery to revive Nigeria's oil industry
Nigeria on Monday commissioned the Dangote oil refinery — considered a 'game-changer' in ending the country's fuel imports.
2023-05-23 05:17
Yellen warns Congress again that default could be just days away
Treasury Secretary Janet Yellen reinforced her warning to Congress that it has only a little time left to address the debt ceiling before the nation defaults on its obligations.
2023-05-23 04:54
Buy the dip? If the debt ceiling isn't resolved soon, markets will likely slide
If the United States defaults on its debt, it would be catastrophic for the economy. Millions of jobs would be impacted, the cost of borrowing money would skyrocket and government benefits many people rely wouldn't be sent on time.
2023-05-23 03:28
More cash, fewer bonds: How corporate America can prepare for a US default
The White House and congressional Republicans have yet to reach a debt ceiling deal, and a US default looms. Business owners, and the rest of the country, are in wait-and-see mode, bracing for possible recession and job losses should a default happen.
2023-05-23 01:29