IMF chief says there’s no significant slowdown in lending and the Fed may need to do more
The International Monetary Fund has yet to see enough banks pulling back on lending that would cause the U.S. Federal…
Biden signs debt ceiling bill, avoiding a catastrophic economic default
WASHINGTON — President Joe Biden on Friday evening gave his first address from the Oval Office to discuss a bill to…
Unemployment dropped among Hispanic men and women in May but rose for Black workers
The U.S. unemployment rate rose in May, but declined for Hispanic workers, according to the latest nonfarm payrolls report. The…
Why wealthy Americans love UBS, the secretive Swiss banking giant
With its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks. UBS…
Here’s where the jobs are for May 2023 — in one chart
The U.S. payrolls report for May blew past expectations, supported by strong jobs gains in the professional and business services…
Payrolls rose 339,000 in May, much better than expected in resilient labor market
The U.S. economy continued to crank out jobs in May, with nonfarm payrolls surging more than expected despite multiple headwinds,…
Moscow does not have a ‘veto against NATO enlargement,’ NATO’s Stoltenberg says
NATO Secretary-General Jens Stoltenberg said Thursday that all NATO allies agree that Russia cannot prevent Ukraine’s eventual membership in the…
‘Price bubble’ in A.I. stocks will wreck rally, economist David Rosenberg predicts
Investors piling into stocks with artificial intelligence exposure may pay a hefty price. Economist David Rosenberg, a bear known for…
Treasury now says it could run out of money June 5, buying time for debt ceiling talks
WASHINGTON — Treasury Secretary Janet Yellen said Friday that the United States will likely have enough reserves to push off…
Spain’s conservative PP elbows Socialists out in regional elections
Spain’s ruling Socialists suffered heavy losses to opposition conservatives in Sunday’s local election, with around 95% of the votes counted,…
