Bank CEOs huddle with Schumer on the debt ceiling
Senate Majority Leader Chuck Schumer urged JPMorgan Chase CEO Jamie Dimon and other leading bank executives during a meeting on Wednesday to push all members of Congress to take the threat of a disastrous default off the table, a person familiar with the matter told CNN.
2023-05-18 01:57
Biden says he's confident leaders will reach an agreement on debt limit
President Joe Biden on Wednesday sought to lay out how he'll continue to negotiate with congressional leaders on the budget to raise the debt ceiling -- underscoring that all parties agreed that the United States would not default.
2023-05-17 23:54
US debt ceiling: New negotiators aim to break deadlock
President Joe Biden has cut short a foreign trip as both sides race to strike a deal before 1 June.
2023-05-17 22:56
Biden's past support of work requirements in safety net programs in the spotlight
With work requirements for safety net programs emerging as a central issue in the debt ceiling negotiations, President Joe Biden's past support of such mandates is a point of optimism for Republicans and of concern for his fellow Democrats.
2023-05-17 22:52
How to protect your investments in the debt ceiling standoff
No one can say yet which day the US Treasury would no longer be able to pay all the bills of the United States in full and on time if lawmakers refuse to raise the debt limit.
2023-05-17 22:46
Analysis-Overexposed US regional banks could sell commercial property loans
By Matt Tracy Many U.S. regional lenders may have to consider selling off commercial real estate (CRE) loans
2023-05-17 21:50
U.S. single-family housing starts rise in April; March revised down
WASHINGTON U.S. single-family homebuilding increased in April, but data for the prior month was revised sharply lower, suggesting
2023-05-17 20:52
What caused regional banks to fail? Senators blame excessive CEO pay
US senators hammered former executives of recently collapsed Silicon Valley Bank and Signature Bank on Tuesday over their paychecks, sales of stock and bonus payouts as the financial institutions struggled to stay afloat.
2023-05-17 19:47
Target's sales are slowing down
Shoppers are pulling back at Target.
2023-05-17 19:21
Renewable fuels to drive Neste's growth this year - CEO
By Trixie Yap and Florence Tan SINGAPORE Finnish refiner Neste expects renewable fuels from its new facilities in
2023-05-17 16:56
Drugmakers Eye $23 Billion Biotech Argenx Ahead of Key Data
European biotech firm Argenx SE is scheduled to release key drug trial data this summer. Deal-hungry Big Pharma
2023-05-17 16:20
Blackstone, Thomson Reuters consortium sells $3.4 billion LSEG shares in upsized offering
An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters sold 33 million shares in the London
2023-05-17 14:45