Fed's Jefferson, Biden's vice chair pick, says Fed 'on track'
PALO ALTO, Calif. The Federal Reserve is "on track" to doing what is necessary to meet the two
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
'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
Carrefour Brasil in talks with Barzel Properties over $260 million deal
SAO PAULO Carrefour Brasil said on Thursday it has entered into exclusive talks with Barzel Properties for the
1970-01-01 08:00
China names head of powerful new financial regulator as industry faces greater scrutiny
China has appointed the head of its powerful new financial watchdog, which was created as part of sweeping reforms aimed at reining in the $60 trillion industry.
1970-01-01 08:00
Telefonica Q1 net profit falls 58% but still beats expectations
MADRID Spanish telecom firm Telefonica said on Thursday its first-quarter net profit fell 58% from the same period
1970-01-01 08:00
Debt ceiling battle delays sweeping annual defense policy bill
By Patricia Zengerle WASHINGTON U.S. congressional leaders on Wednesday put off debate on the National Defense Authorization Act,
1970-01-01 08:00
Starbucks adds $1 surcharge for some Refreshers orders
Fans of Starbucks' Refresher drinks will have to pay more if they don't add water.
1970-01-01 08:00
NFL Rumors: Chiefs will give Patrick Mahomes another record contract
The Kansas City Chiefs signed Patrick Mahomes to a 10-year, $450 million contract back in 2020, which made him the highest-paid player in the NFL. Is he due another raise?When the Chiefs signed Patrick Mahomes to a record-setting contract which made him the highest-paid player in NFL history -- ...
1970-01-01 08:00
Global hedge fund launches at lowest level since 2017 -Preqin
By Nell Mackenzie LONDON Hedge fund launches in 2023 are at their lowest level globally since 2017, data
1970-01-01 08:00
Ukraine war: Kyiv comes under missile attack
In video circulating on social media, air defence systems can be seen shooting down missiles.
1970-01-01 08:00