Senate Majority Leader Chuck Schumer will meet with top executives of the nation’s biggest banks on Wednesday to discuss the federal debt limit, with the government potentially just two weeks away from a catastrophic payments default.
Investor indifference to the threat of a prolonged debt-ceiling impasse has left a handful of tail-risk strategies almost too cheap to pass up.
Hungary will block further European Union financial aid to Ukraine for what its foreign minister said was an “increasingly belligerent” attitude on the part of Kyiv toward its European Union neighbor.
Two senior US lawmakers are proposing a bipartisan bill to restrict big banks’ presence on the boards of regional Federal Reserve banks, part of a broader measure aimed at strengthening transparency and ethics rules at the central bank.
Temperatures reached on extreme weather days are increasing twice as fast as on regular summer days in parts of northern Europe.
US housing starts increased in April, adding to evidence that residential real estate is gradually recovering after a yearlong slump.
Chinese authorities fined a talk show and stand-up comedy production company about $2 million and suspended its performances in at least two major cities “indefinitely” after a comedian joked about a Xi Jinping military slogan last weekend.
A deal allowing Ukraine to export crops from key ports via the Black Sea is set to be extended, with Russia agreeing to stay in the beleaguered pact for now, according to Turkish officials.
The amount of money that the US government has on hand to pay its bills plummeted by $53 billion, increasing the chances that the government will run out of cash by early June if the debt limit isn’t raised or suspended by then.
Some Canadian hedge funds are finding their growth crimped by tougher sales policies at the country’s second-largest bank.
