America's borrowing is its superpower. A default would tarnish that
Call it American financial exceptionalism: The full faith and credit of the US government goes far, but a default because of the debt ceiling would change that.
2023-05-24 00:15
Italy OKs aid mega-package for flooded north, with museum ticket surcharge to help pay for it
The Italian government has approved more than 2 billion euros ($2.2 billion) in aid for the flood-stricken region of Emilia-Romagna in the north
2023-05-23 23:57
IMF forecasts UK economic growth in major U-turn
The IMF on Tuesday delivered a major U-turn on its forecast for the UK economy, saying it expected growth this year just one...
2023-05-23 23:55
Apple Extends Broadcom Pact With Multibillion-Dollar 5G Deal
Apple Inc. signed a new multiyear, multibillion-dollar deal with Broadcom Inc. to get 5G radio frequency components for
2023-05-23 23:55
Tesla might have just released its first-ever ad
Tesla has released what is possibly its first-ever commercial, a week after Elon Musk announced the company was going to "try a little advertising and see how it goes."
2023-05-23 23:54
US debt talks to resume after 'productive' Biden-McCarthy meeting
Negotiations to avert a catastrophic US debt default look set to go to the wire, with talks resuming Tuesday after President Joe Biden and the Republican speaker of the House failed to reach agreement...
2023-05-23 23:50
Russia extends detention of US journalist Evan Gershkovich by 3 months
Russian news agencies are reporting that a court has extended the arrest of Wall Street Journal reporter Evan Gershkovich by three months
2023-05-23 23:49
Nearly 20 million households are behind on their utility bills
Millions of Americans may have to think twice about turning on their air conditioners this summer.
2023-05-23 23:46
Meta sells Giphy at a significant loss after UK breakup order
Stock-photo website Shutterstock on Tuesday said it will acquire Giphy and its online repository of animated images for $53 million, after UK antitrust regulators forced Meta to spin off the company last year.
2023-05-23 23:27
Ford decides to keep AM radio on 2024 models, will restore AM on two electric vehicles from 2023
Owners of new Ford vehicles will be able to tune in to AM radio in their cars, trucks and SUVs after all
2023-05-23 23:22
Alphabet-backed AI startup Anthropic raises $450 million as funding freeze thaws
Anthropic, an artificial intelligence startup backed by Google parent Alphabet Inc, said on Tuesday it had raised $450
2023-05-23 23:20
EU welcomes F-16 jet decision for training Ukraine pilots
The European Union’s foreign policy chief says that the U.S. green light to allow Ukrainian pilots get training to fly F-16s has created an inexorable momentum that will inevitably bring the fighter jets to the Ukrainian battlefield
2023-05-23 22:49