The Republican-dominated Texas House of Representatives is scheduled to consider articles of impeachment against Attorney General Ken Paxton on Saturday, in what will be an historic vote that could result in his suspension from office.
Speculators ramped up their bearish stance on the yen to the highest in nearly a year as the currency extended its slide against the dollar with markets boosting bets on the Federal Reserve hiking rates.
Even if the US avoids default, investors will have to contend with surging bill supply, Fed uncertainty and the economic effects of any debt deal Washington manages to strike
The bankruptcy liquidator in charge of Silicon Valley Bank’s Canadian unit is set to receive offers for its loan book on Monday, and the biggest asset is a loan to e-commerce lender Clear Finance Technology Corp., according to people with knowledge of the matter.
An alleged campaign by Chinese state-sponsored hackers on targets in the US and Guam has raised fears that Beijing is preparing to disrupt communications in the Pacific in the event of a conflict.
Treasury Secretary Janet Yellen said her department estimates it will run out of funding by June 5 if lawmakers fail to raise or suspend the US debt ceiling.
Senator Lindsey Graham, after a trip to Ukraine and meeting with President Volodymyr Zelenskiy, said that he had “never been more optimistic about the ability of the Ukrainians to go on the offense and take back their territory from the Russians.”
ConocoPhillips exercised its right to acquire TotalEnergies SE’s 50% stake in the Surmont oil-sands field for as much as $3.33 billion, giving it full control of the Canadian operation and thwarting efforts by Suncor Energy Inc. to buy into the site.
The frenzy surrounding artificial intelligence led another day of gains in the stock market on Friday as traders were also growing more confident a deal on the US debt limit would be reached.
A businessman who claimed to operate a high-end concierge service featuring custom credit cards crafted from solid gold was actually operating an illegal private bank that provided discreet financial services to high-net-worth customers, prosecutors said.
