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
Fed monetary policy mechanics would be tested by US debt default
By Michael S. Derby NEW YORK A default on U.S. Treasury debt would be a leap into the
2023-05-16 02:48
What happens if the debt ceiling and banking crisis collide?
President Joe Biden said over the weekend that debt ceiling negotiations were moving along and that talks between the White House and House Speaker Kevin McCarthy would resume on Tuesday.
2023-05-15 19:54
Fair access to proper housing can boost economic growth - report
By Marine Strauss BRUSSELS Providing equitable access to appropriate housing in slums and other informal settlements could massively
2023-05-15 18:16
Silicon Valley automotive ethernet chip startup Ethernovia raises $64 million
By Jane Lanhee Lee OAKLAND, California Silicon Valley automotive ethernet chip startup Ethernovia Inc said on Monday it
2023-05-15 15:22
Lawsuit alleges that social media companies promoted White supremacist propaganda that led to radicalization of Buffalo mass shooter
A wrongful death lawsuit filed against several social media companies Friday alleges that social media lent to the radicalization of the gunman who shot and killed 10 people at a grocery store in Buffalo, New York, last May.
2023-05-15 02:55
Canada housing market upturn could delay shift to BoC rate cuts
By Fergal Smith TORONTO Signs of recovery in Canada's housing market after a year-long slump, just as higher
2023-05-14 21:27
India Reliance's JioCinema unveils pricing for premium content
NEW DELHI Indian billionaire Mukesh Ambani’s streaming platform JioCinema announced premium pricing of $12.22 a year, as it
2023-05-13 15:58
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
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
'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