Browsing: Economy

If the U.S. defaults on its debt, it could have potentially disastrous consequences for the already fragile U.S. housing market.  That’s according to a recent analysis…

(Reuters) – Montana took the unusual step on Wednesday of banning Chinese-owned short video app TikTok, with lawmakers of the sparsely populated western U.S. state saying…

A seemingly steady rise in U.S. layoffs since March could eventually be wiped away after Massachusetts lowers its estimate of jobless claims to reflect a recent…

Ford CEO Jim Farley announced Tuesday that his company is reversing course and will include AM radio on “all 2024 Ford and Lincoln vehicles” after “speaking with…

By Michael S. Derby NEW YORK (Reuters) -New York Federal Reserve President John Williams said on Friday the U.S. and other major economies are still in…

Rapid developments in artificial-intelligence technology are stoking fears that wide swathes of jobs may soon be on the chopping block. Deutsche Bank economists, in a Monday…

By Pete Schroeder WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren is questioning federal bank regulators on their decision to sell First Republic Bank (OTC:) to the…

Treasury Secretary Janet Yellen on Monday said the U.S. won’t be able to pay all its bills by early June, and as soon as June 1,…

In a new letter written to House Speaker Kevin McCarthy, Treasury Secretary Janet Yellen warned that if Congress and the president do not reach a debt…

By Andy Sullivan LAKE CHARLES, La. (Reuters) -In Washington, Republican U.S. Representative Clay Higgins has been a vocal advocate for spending cuts. Back home in Louisiana,…