Federal Reserve policymakers suggested that they viewed with concern the partisan standoff over the debt limit, with “a number” of them saying earlier this month the central bank should be ready to act to preserve financial stability if needed.
US prosecutors are reviewing stock trading by some of First Republic Bank’s employees during the lender’s recent collapse, according to people familiar with the matter.
Ron DeSantis’s plan to announce his 2024 presidential campaign in a Twitter conversation with Elon Musk shows how the world’s second-richest person is increasingly inserting himself into US politics, setting him up as a leading powerbroker for the 2024 race.
George Santos, the embattled Republican congressman charged by the US with fraud and money laundering, has secured three mystery guarantors for his $500,000 bond.
Bond traders stepped up wagers on an interest-rate increase by the Federal Reserve by July spurred in part by surging UK policy-rate expectations after an upside surprise by British inflation data.
Canada and Saudi Arabia agreed to resume normal diplomatic relations, repairing ties that frayed nearly five years ago in a dispute over human rights.
Artificial intelligence is inculcating throughout the almost $7 trillion US exchange-traded fund industry, both as technology for managing funds and as a new frontier for investment.
House conservatives ratcheted up pressure on Speaker Kevin McCarthy to hold firm in talks over raising the debt ceiling just days before a potentially catastrophic US default.
German lawmakers gave the green light to buy 18 battle tanks and 12 self-propelled howitzers from domestic manufacturers Rheinmetall AG and Krauss-Maffei Wegmann GmbH as part of an order worth €843 million ($910 million) to replace equipment sent to Ukraine.
Companies that pay rich dividends have been stock-market laggards this year as investors piled into growth-oriented tech giants — but that’s about to change, according to Goldman Sachs.
