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
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
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
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
Virgin Orbit plans to move back deadline for bidders - source
By Joey Roulette Satellite launch company Virgin Orbit is planning to move back the deadline for prospective bidders
1970-01-01 08:00
Netflix plans to cut spending by $300 million this year - WSJ
Netflix Inc plans to cut its spending by $300 million this year, the Wall Street Journal reported on
1970-01-01 08:00
US Chamber of Commerce sues securities regulator over new share buyback rule
By Chris Prentice NEW YORK A powerful U.S. business lobby group said it sued the Securities and Exchange
1970-01-01 08:00
Who is Linda Yaccarino, reportedly Twitter's next CEO?
Twitter may soon have an ad sales veteran in charge, after months of hemorrhaging advertisers under owner Elon Musk.
1970-01-01 08:00
Here's how the 14th Amendment factors into the debt ceiling debate
As the stalemate over addressing the debt ceiling continues and the threat of default looms larger, President Joe Biden has resurfaced the controversial idea of using the 14th Amendment as a way to lift the borrowing cap without Congress.
1970-01-01 08:00
The real reasons stores are closing in big cities
Nordstrom, Whole Foods and other big chains have closed stores in major US cities recently, raising alarm about the future of retail in some the country's most prominent downtowns.
1970-01-01 08:00
Pope Francis warns pets must not replace children in Italy
Pope Francis warns only the rich can afford to start a family, as Italy's birth rate hits new low.
1970-01-01 08:00
Output slows at Stellantis plant in Italy as workers strike over conditions
By Giulio Piovaccari MILAN Vehicle production has been slowed at a Stellantis plant in southern Italy in the
1970-01-01 08:00