McCarthy Says Debt Deal Must Happen This Week to Avoid Default
House Speaker Kevin McCarthy said the two parties must strike a debt deal this week to avoid a catastrophic US default that could happen as soon as June 1.
Bloomberg Business
Game Theory Offers Clue to Market Calm Amid Debt Impasse
The US is hurtling toward a credit default that pundits universally agree would be catastrophic for the economy and financial markets. So why is the S&P 500 treading water near a nine-month high?
Regional Banks Could Tap Debt Market After Charles Schwab Raised $2.5 Billion in Bonds
US regional banks could look to tap the investment-grade market after Charles Schwab Corp. raised $2.5 billion in bonds last week, according to analysts at JPMorgan Chase & Co. and Bloomberg Intelligence.
Tether’s Growth Is Defying a Trading Slowdown. That’s Adding to Its Appeal
Tether’s ability to increase its market capitalization while crypto trading volume remaining lackluster is adding to the ambiguity that surrounds the dominant stablecoin.
Argentina Introduces 2,000 Peso Banknote. It’s Worth About $4
Argentina introduced its largest-denomination banknote on Monday as inflation running at more than 100% a year forces the population to carry ever growing stacks of cash to pay for everyday purchases.
Swiss Re Becomes Fourth Insurer to Leave Net Zero Group
Swiss Re is quitting the world’s main climate alliance for insurers, joining a growing exodus from the coalition of some of the industry’s biggest companies.
Israel Extends Record-Long Rate Hikes as Politics Hit Shekel
Israel delivered an unprecedented 10th consecutive interest-rate hike, with a top central banker saying political uncertainty linked to a proposed judicial overhaul forced more tightening than first envisaged.
AMLO Says Billionaire Asked for $531 Million for Seized Railway
Billionaire mining tycoon German Larrea asked the government to compensate his Grupo Mexico company for a seized stretch of railway in the south of the country, President Andres Manuel Lopez Obrador said.
Ford’s New Electric SUV Won’t Compete With Other Carmakers, CEO Says
Ford Motor Co., which is spending $50 billion building an electric-vehicle business, doesn’t fear the two EV-market leaders, Tesla Inc. and China’s BYD Co.
Iran Replaces Top Security Body Chief After Links to Spying Case
Iran overhauled the leadership of its top security council, substituting an Islamic Revolutionary Guard Corps veteran for a reformist appointee linked to an official accused of espionage.
