A Federal Reserve report warned that banks’ concerns about slower growth could lead them to make fewer loans, accelerating an economic downturn, and highlighted commercial real estate as an area of heightened risk that will draw more scrutiny from bank examiners.
Republican Senator Bill Cassidy portrayed a short-term boost in the US debt ceiling as a potential “cooling-off period” for partisan impasse as the nation barrels closer to catastrophic default.
The trial of E. Jean Carroll’s lawsuit accusing Donald Trump of sexually assaulting the New York writer in a department store in the 1990s is drawing to a conclusion, with closing statements on Monday to be followed by jury deliberations starting Tuesday.
Treasury Secretary Janet Yellen said Monday that the administration will be forced into making “decisions” on how to proceed if Congress doesn’t end up raising the federal debt limit in time.
As investor interest in ETFs that promote higher environmental, social and governance standards fades, more issuers are shutting down these funds.
A welcome sign is emerging in Hong Kong after three years of travel restrictions: lines of mainland Chinese tourists outside the city’s bank branches.
Apple Inc. tapped the US blue-chip bond market Monday as a flood of borrowers raise cash ahead of key inflation readings later this week.
Memecoins such as Pepe and the recently minted token Ordinals led cryptocurrency prices lower after a weekend surge among the Bitcoin-blockchain-based tokens.
Prime Minister Justin Trudeau’s government has expelled a Chinese envoy from Canada, a move that could prompt economic or diplomatic backlash from President Xi Jinping.
President Luiz Inacio Lula da Silva appointed his deputy finance minister to the board of Brazil’s central bank, sparking a selloff in local assets as the move was seen as intensifying his campaign against high interest rates.
