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
JPMorgan's Dimon says bank's plans regarding his tenure are unchanged
JPMorgan Chase & Co CEO Jamie Dimon said he still approaches his job leading the largest U.S. bank
2023-05-23 03:16
Regional Banks Rallied Last Week. Traders Continued to Short the Sector
Short sellers increased bets against regional banks last week even as the sector notched one of its best
2023-05-23 03:00
Regional Banks Could Tap Debt Market After Charles Schwab Raised $2.5 Billion in Bonds
US regional banks could look to tap the investment-grade market after Charles Schwab Corp. raised $2.5 billion in
2023-05-23 02:57
Nigeria opens Africa’s biggest oil refinery as it tries to boost struggling sector
Nigerian President Muhammadu Buhari has opened Africa’s biggest oil refinery, with hopes it will help the country achieve self-sufficiency and become a net exporter of refined petroleum products
2023-05-23 02:50
NYC’s Transit Agency Planning to Raise Subway Fares, Tolls
The Metropolitan Transportation Authority is planning to boost its fares and tolls in late August as the largest
2023-05-23 02:15
Eskom Latest: Power Cuts Ramped Up; Netcare Fuel Costs Surge
South Africa’s state-owned power utility will ramp up rolling power outages, after a breakdown of a generation unit
2023-05-23 02:15
Bill Gates says top AI agent poised to replace search, shopping businesses
SAN FRANCISCO Bill Gates, Microsoft Corp's co-founder, on Monday said the technology race to win is development of
2023-05-23 01:55
Two Fed Officials Say More Interest-Rate Raises May Be Needed to Cool Prices
Two Federal Reserve hawks saw the need to raise interest rates further this year, days after Chair Jerome
2023-05-23 01:52
ECB Not Done Raising Rates, Should Keep Them High, De Cos Says
The European Central Bank still has some way to go to raise borrowing costs, which should remain high
2023-05-23 01:49
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
Why we may need a stock market plunge to solve the debt ceiling crisis
Wall Street is taking a no-worries attitude about the ticking time bomb in Washington that threatens to blow up the world economy. That might be a problem.
2023-05-23 01:15