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
Japan unveils policy blueprint featuring childcare, no mention of funding
By Tetsushi Kajimoto and Yoshifumi Takemoto TOKYO (Reuters) -Japan on Friday announced its mid-term economic policy framework, featuring Prime Minister
2023-05-26 20:58
Popular Hedge-Fund Trade Draws Fresh Scrutiny as Debt Battle Rages On
A highly leveraged bond trade that’s become popular with hedge funds is drawing fresh scrutiny three years after
2023-05-26 19:48
U.S. Treasury's Adeyemo sees no ability to 'triage' payments without debt limit hike
WASHINGTON Deputy U.S. Treasury Secretary Wally Adeyemo said on Friday that the U.S. government does not have the
2023-05-26 19:47
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
European Gas Tumbles in Longest Run of Weekly Losses Since 2007
European natural gas prices are heading for their longest run of weekly declines since 2007, with demand proving
2023-05-26 17:54
Gap’s Better-Than-Expected Results Signal Cost Cuts Paying Off
Gap Inc. reported better-than-expected results in the first quarter, showing the retailer’s cost-cutting measures are sparking improved performance.
2023-05-26 17:24
'Most can’t afford the price': Internet slams 'RHOBH' star Kyle Richards for promoting 'luxury scents'
Kyle Richards recently advertised a luxury scent brand with her husband Mauricio Umansky
2023-05-26 16:26
UK shoppers boost spending despite inflation's bite
By William Schomberg LONDON (Reuters) -British consumers picked up the pace of their spending last month and sales volumes over
2023-05-26 15:28
China Reopening Drives Demand for Industrial Land in Thailand
WHA Corp., Thailand’s largest industrial estate developer, expects a pickup in return of Chinese investors following the reopening
2023-05-26 15:24
UK Retail Sales Bounce Back More Than Expected After Wet March
UK retailers saw sales jump more than expected last month, recovering from heavy rain that kept people home
2023-05-26 14:28