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
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
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
UPS strike looms in a world grown reliant on everything delivered everywhere all the time
The last time UPS workers walked of the job more than two decades ago, it crippled the shipping company
2023-05-23 22:49
Boeing CEO says supply chain pressure could continue through 2024
DOHA Boeing Chief Executive Dave Calhoun on Tuesday said it could take until the end of next year
2023-05-23 22:22
Tempers rise as German government's clean heating plans go up in smoke
Germany’s government is facing a major test after two junior partners in Chancellor Olaf Scholz’s three-party coalition sparred publicly over a key element in the country’s ambitious climate policy
2023-05-23 20:46
UK economy to avoid recession but inflation still a worry, IMF says
The International Monetary Fund says the British economy will avoid falling into recession this year
2023-05-23 20:45
How you can prepare for a debt default
Treasury Secretary Janet Yellen reaffirmed June 1 as the hard deadline to raise the debt ceiling on Monday, saying she expects the US not to be able to pay all of its bills in early June.
2023-05-23 20:17
Jamie Dimon warns of a commercial real estate downturn
Economists are concerned about the $20 trillion commercial real estate (CRE) industry and so is JPMorgan Chase CEO Jamie Dimon.
2023-05-23 19:50
Dollar strengthens broadly on Fed rate expectations
By Samuel Indyk LONDON The U.S. dollar rose for a second day on Tuesday, briefly touching a six-month
2023-05-23 19:29
Russia fights alleged incursion from Ukraine for second day, reports more drone attacks
Russian troops and security forces are fighting for a second day against an alleged cross-border raid that Moscow blamed on Ukrainian military saboteurs but which Kyiv portrayed as an uprising against the Kremlin by Russian partisans
2023-05-23 18:59