Time is running out for an agreement, with U.S. Treasury Secretary Janet Yellen warning earlier this month that without a deal, the largest economy in the world could default by June 1.
Category: Finance News
Yellen says it should be ‘unthinkable’ for the U.S. to default on its debt
U.S. Treasury Secretary Janet Yellen spoke to reporters ahead of the G-7 finance ministers and central bank governors meetings in Niigata, Japan.
Covid caused huge shortages in the jobs market. It may be easing — but there’s another problem ahead
Since the onset of Covid-19, labor shortages have plagued major economies and intensified inflationary pressures, but economists expect this trend to finally abate.
Stocks making the biggest moves after hours: Disney, Beyond Meat, Sonos, Robinhood and more
These are the stocks posting the largest moves in extended trading.
Twilio tanks on 2Q forecast. This is what it could mean for the stock
Pros on CNBC discuss Twilio’s stock plunge after its weaker-than-expected guidance for second-quarter earnings and revenue.
Here’s the best time to redeem Series I bonds to maximize your interest
If you want to sell your Series I bonds, it’s important to consider the timing of the three-month interest penalty to maximize your earnings.
Stocks making the biggest moves midday: Roblox, Icahn Enterprises, Rivian, Airbnb and more
These are the stocks posting the largest moves midday.
Traders raise the chances for a Fed rate cut following April inflation report
Traders on Wednesday raised the chances of a September interest rate cut to close to 80%.
Carl Icahn’s company stock falls as much as 20% after prosecutors seek financial information
Regulators contacted Icahn Enterprises last Wednesday seeking information about corporate governance and other materials.
Here’s the inflation breakdown for April 2023 — in one chart
Inflation moderated for the 10th consecutive month in April. Households will likely see continuing price relief in food, energy and housing, economists said.