Debt ceiling: Still no plan to avoid a default, but major shifts in posture
After a week of meetings on the debt ceiling, Congress, the White House and the country still do not have a clear path forward to avoid a cataclysmic default with just four days when both the House and Senate are scheduled to be in session before June 1, when the US could default on its obligations. On one hand, it looks like this could go to the brink. On the other, there have been pockets of progress over the intervening days and signs that some of the most stringent and hardened positions negotiators have been echoing over the last three months are slowly beginning to soften.
1970-01-01 08:00
China’s Copper Woes Damp Spirits of Traders in Asia
Asia’s copper industry meets in Hong Kong next week to discuss a market that should be bursting with
1970-01-01 08:00
Foreign Carmakers May Lose China Market Share on EVs: Greenpeace
The world’s largest car market is rapidly going electric, and automakers risk losing sales if they don’t follow
1970-01-01 08:00
Phoenix Suns’ New TV Deal Struck Down by Federal Judge
A judge voided the Phoenix Suns’ recently announced deal to change its local television broadcaster, ruling the agreement
1970-01-01 08:00
China State-Linked Stock Rally Sputters Further on Profit Taking
A scorching stock rally in China’s state-linked companies lost further momentum Wednesday, as investors cashed in on the
1970-01-01 08:00
Amundi Says China Wealth Business Is Rebounding From Setbacks
Amundi SA’s onshore Chinese wealth management business is improving “significantly” this year after facing very challenging conditions in
1970-01-01 08:00
Wanda in Talks With Banks on Loan Relief as Challenges Mount
Dalian Wanda Group Co. is in talks with major Chinese banks on a loan relief plan that could
1970-01-01 08:00
Vanguard’s Trillion-Dollar Man Controls as Much US Debt as China
When March’s bank failures ignited a historic bond rally, few, if any, made more money than Josh Barrickman.
1970-01-01 08:00
Papua New Guinea minister quits over luxury Coronation trip controversy
Papua New Guinea's foreign minister called critics of his daughter's TikTok "primitive animals".
1970-01-01 08:00
Jamie Foxx out of hospital and recuperating, daughter says
Corinne Foxx says the Oscar-winning actor is recuperating and even recently played pickleball.
1970-01-01 08:00
5 things to know for May 12: Immigration, Twitter, Trump, Cyclone Mocha, Ukraine
CNN's 5 Things brings you the news you need to know every morning.
1970-01-01 08:00
UK Economy Hit Setback in March With Consumers Turning Cautious
The UK economy shrank unexpectedly in March as households turned more cautious and strikes hit activity across a
1970-01-01 08:00