Browsing: Economy

Confidence among builders in the U.S. housing market increased more than expected in May as declining mortgage rates and limited inventory helped drive demand higher for…

By Ann Saphir, Andrea Shalal and Jeff Mason WASHINGTON (Reuters) -U.S. President Joe Biden on Friday nominated Federal Reserve Governor Philip Jefferson to be the central…

PALO ALTO, Calif. (Reuters) – St. Louis Federal Reserve Bank President James Bullard, an early and vocal supporter within the U.S. central bank of rapid interest-rate…

House Speaker Kevin McCarthy on Tuesday said he “didn’t see any new movement” toward ending Washington’s standoff over the debt ceiling, as he assessed how a…

If the U.S. defaults on its debt, it could have potentially catastrophic effects for the U.S. economy – including the already fragile housing market.  That’s according…

By Ismail Shakil OTTAWA (Reuters) -The Bank of Canada (BoC) said on Friday it has picked longtime central bank executive Rhys Mendes as its new deputy…

What is the 14th Amendment and could it be an option for resolving the debt-ceiling impasse? President Joe Biden was asked about it on Tuesday following…

Tesla CEO Elon Musk is facing a subpoena from the U.S. Virgin Islands in relation to its lawsuit against JPMorgan Chase, who it wants to hold…

(Reuters) -Luminar Technologies CEO Austin Russell will buy a majority stake in Forbes Global Media Holdings in a deal that values the business news publisher at…

Cannabis stocks have scored a boost from optimism around Thursday’s hearing on a bill that would protect banks that work with the industry, but some analysts…