Economy

Biden says he’s ‘very optimistic’ about a debt ceiling deal

WASHINGTON — President Joe Biden said he was “very optimistic” on Friday about reaching a compromise deal with House Republicans…

‘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…

Stocks making the biggest moves premarket: Marvell Technology, Gap, RH and more

Check out the companies making headlines before the bell. Marvell Technology — Marvell Technology surged 17% in premarket trading after…

White House and Republicans reach a tentative deal to avoid U.S. default

WASHINGTON — House Republicans reached a tentative deal with the White House on Saturday night to raise the nation’s borrowing…

Stocks making the biggest moves midday: Ford, Marvell Technology, Paramount, Gap and more

Check out the companies making the biggest moves midday Friday. Ford — Shares popped 6.24% after Ford and Tesla announced…

Here’s what to watch out for in Friday’s jobs report for May

Watching the monthly jobs reports this year has been something of a waiting exercise, with economists and market participants looking…

Consumers are starting to fire up China’s pandemic-battered economy, two ETF experts find

China’s pandemic-battered economy is starting to see consumers open their wallets wider, according to KraneShares’ Brendan Ahern. “We’re seeing the…

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,…

Stocks making the biggest premarket moves: ChargePoint, Ford, Nvidia, Tesla and more

Check out the companies making some of the biggest moves in premarket trading. ChargePoint — Shares of the electric vehicle…