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
US Bank Lending Retreated During Week of First Republic Failure
US loans and deposits fell slightly in the chaotic first week of May when First Republic Bank collapsed
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
Fed’s Extreme Stranglehold Over Wall Street Trading Is Easing
Risky and safe assets alike have hung on every word and deed of Jerome Powell and Co. for
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
EU Reaches Initial Agreement on Blueprint for China Relations
The European Union’s top envoys sought to project a united front on relations with China, reaching an initial
1970-01-01 08:00
Business Lunches Are Back in New York, Chicago as Pandemic Fades
Business lunches are on the rise in major cities across the US, suggesting that at least some pre-pandemic
1970-01-01 08:00
Gas Drilling Collapses in US at Fastest Rate in Seven Years
The US natural gas industry is pulling back on exploration at the fastest pace in seven years amid
1970-01-01 08:00
Crypto ETFs Are Year’s Best Performers But Only Lure $12 Million
Not even 2023’s eye-watering rallies can lure badly burned exchange-traded fund investors back to crypto after last year’s
1970-01-01 08:00