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
Taylor Swift sets summer's hottest dress code: Sequins, boots, cowboy hats
With Taylor Swift pulling in record-breaking crowds for "The Eras Tour," retailers across the country are marketing to "Swifties" as her concerts hit their town. Sparkly sequined dresses, cowboy hats and boots are the hottest dress code of summer 2023.
2023-05-27 19:19
Ketchup inflation hits your weekend barbeque
Planning on squirting some ketchup on your hot dog at a barbecue this weekend? You may be seeing red. Inflation has caught up to ketchup.
2023-05-27 18:29
Threats to LGBTQ+ creator got so bad after Target partnership, he's relieved they're off shelves
When a Target distributor reached out to Erik Carnell last year about possibly placing his brand, Abprallen, in Target stores, he was thrilled. The feeling didn't last.
2023-05-27 17:17
Bola Tinubu inauguration: The five tests awaiting Nigeria's new president
Bola Tinubu is taking over the presidency of Nigeria - a giant nation with gigantic problems.
2023-05-27 07:53
Manhattan DA's office must turn over documents related to former JPMorgan exec in bank lawsuit over Jeffrey Epstein connections
A federal judge ruled Friday that the Manhattan District Attorney's Office must turn over documents related to former JPMorgan Chase executive James "Jes" Staley in response to a subpoena from the bank in ongoing federal lawsuits that allege JPMorgan enabled and benefited from longtime banking-client Jeffrey Epstein's sex trafficking crimes.
2023-05-27 06:54
Congress must address debt ceiling by June 5, Yellen warns
Congress must address the debt ceiling by June 5 or the US Treasury will not have enough funds to pay all of the nation's obligations in full and on time, Treasury Secretary Janet Yellen said Friday.
2023-05-27 04:19
JPMorgan is cutting about 500 jobs
JPMorgan Chase is letting go of about 500 employees this week across the bank, a spokesperson confirmed to CNN on Friday.
2023-05-27 03:47
Deputy Treasury secretary rules out possibility of using 14th Amendment to raise debt ceiling
Invoking the 14th Amendment to lift the borrowing cap on the US debt ceiling as a way to work around slow-moving negotiations is not an option, Deputy Treasury Secretary Wally Adeyemo told CNN Friday, the administration's most definitive response yet to an unlikely option demanded by some progressives.
2023-05-26 21:16
Why Wall Street cares more about Nvidia than the debt ceiling
The debt ceiling debate and possibility that the United States could default on its financial obligations have hung over the heads of investors for nearly six months now. But Wall Street appears to be largely shrugging off the ongoing negotiations as noise, opting instead to focus on a better-than-expected first quarter earnings season.
2023-05-26 19:46
Shein is about to return to India in a big way
Shein is plotting a major comeback in India, nearly three years after it was booted out of the country.
2023-05-26 17:59