U.S. bank deposits rise in early May, lending little changed at record high
Deposits at U.S. banks climbed in early May, ticking up from the lowest level in nearly two years
1970-01-01 08:00
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
Lobbyist pleads guilty to conspiracy in scheme to bribe Michigan marijuana board chair
A fourth person has pleaded guilty in a scheme to bribe the head of a Michigan marijuana licensing board
1970-01-01 08:00
Don't miss next week: Jack Harlow on screen, Kesha, Anna Nicole Smith doc and Scott brothers on HGTV
This week’s new entertainment releases include albums from Kesha and Dave Matthews Band, while rapper Jack Harlow stars in a remake of “White Men Can’t Jump” and wilderness expert Bear Grylls tests contestants on their survival skills, physicality and gross-out tolerance with "I Survived Bear Grylls.”
1970-01-01 08:00
Callout: Seeking small business owners to share experiences on changing lending conditions
Financial institutions were already tightening their lending standards at the beginning of the year, and that has intensified since a trio of bank failures upended the banking industry, surveys from the Federal Reserve and the private sector show. Money is getting harder to come by, and we'd like to hear what people, especially small business owners, are experiencing.
1970-01-01 08:00
Trading platform Tradeweb in talks about US default contingency plans
NEW YORK Bond trading platform Tradeweb is in talks with clients, industry groups and other market participants about
1970-01-01 08:00
CoStar Group Announces $18 Million Commitment to Virginia Commonwealth University for the Construction of the CoStar Center for Arts and Innovation, for the Creative and Digital Economy
RICHMOND, Va.--(BUSINESS WIRE)--May 12, 2023--
1970-01-01 08:00
'Every family should be concerned' about debt ceiling, consumer watchdog warns
Leaders in Washington are running out of time to avoid an unprecedented default on US debt. The top consumer watchdog in the federal government is warning of dire consequences for American families.
1970-01-01 08:00
Pakistan's political crisis will deepen its economic misery
The political unrest that's engulfed Pakistan since former Prime Minister Imran Khan was arrested earlier this week will complicate efforts to secure a financial lifeline from the International Monetary Fund and exacerbate the country's economic crisis.
1970-01-01 08:00
What to know about Twitter's new CEO Linda Yaccarino
Elon Musk is welcoming a veteran ad executive to the helm of Twitter
1970-01-01 08:00
Ghana's official creditors pave way for IMF sign-off on $3 billion loan
By Christian Akorlie, Jorgelina do Rosario and Rachel Savage ACCRA (Reuters) -Ghana's official sector creditors have formed a committee co-chaired
1970-01-01 08:00
How Lyft's new CEO is 'copying' his former boss Jeff Bezos to turn around the company
David Risher had a rocky first week at his job.
1970-01-01 08:00