Browsing: Economy

President Joe Biden’s team and House Speaker Kevin McCarthy’s deputies are nearing a deal that would raise the U.S. debt ceiling and avoid a market-shaking default,…

Nordstrom’s decision to close both its downtown San Francisco stores will reportedly cost hundreds of employees their jobs in another blow to the California city plagued…

By Jonathan Stempel NEW YORK (Reuters) – A New York state judge on Wednesday dismissed a lawsuit accusing Apollo Global Management (NYSE:) Inc billionaire co-founder Leon…

Stocks and short term Treasury bills rallied Friday as U.S. debt-ceiling talks in Congress showed promise of reaching an agreement on the government’s borrowing limit during…

The bank that acquired the remnants of Silicon Valley Bank after it failed amid a March bank run announced layoffs Wednesday. First Citizens Bank of Raleigh,…

By Tim Kelly TOKYO (Reuters) – More than nine out of 10 Japanese firms feel a sense of crisis about the country’s accelerating birthrate decline, with…

“‘I would say 70% of the time being president is a hoot.’ ” Former President Barack Obama, speaking with trailblazing public-radio host Ira Glass during a…

Wall Street traders are ratcheting up the odds that the Federal Reserve lifts interest rates for the 11th straight time in June amid ongoing signs of…

By Andrea Shalal and Nandita Bose WASHINGTON (Reuters) -The White House on Wednesday criticized Republicans and said averting default is the responsibility of every single member…

The Treasury Department announced Thursday that auctions for certain short-term Treasury bills will go ahead next week. And some observers have interpreted that as a sign…