Economy

TripAdvisor rival GetYourGuide nears $2 billion valuation as it raises fresh funds to invest in A.I.

German online travel startup GetYourGuide raised $194 million from investors, hoping to capitalize on a bump in demand for travel…

German minister calls for maturity on U.S. debt ceiling talks: ‘We have to avoid further risks’

German Finance Minister Christian Lindner hopes American lawmakers will be “mature” over the debt ceiling negotiations to avoid further headwinds…

Yellen says it should be ‘unthinkable’ for the U.S. to default on its debt

Treasury Secretary Janet Yellen said the idea of U.S. lawmakers letting the nation default on its debt should be “unthinkable.”…

Covid caused huge shortages in the jobs market. It may be easing — but there’s another problem ahead

Since the onset of Covid-19, labor shortages have plagued major economies and intensified inflationary pressures, but economists expect this trend…

Trump urges GOP to let catastrophic debt default happen if Dems don’t accept cuts

Former President Donald Trump on Wednesday urged Republican lawmakers to let the United States default on its debt if Democrats…

Stocks making the biggest moves after hours: Disney, Beyond Meat, Sonos, Robinhood and more

Check out the companies making headlines in extended trading. Disney — Shares fell 4.7% after the company reported mixed fiscal…

Stocks making the biggest moves midday: Roblox, Icahn Enterprises, Rivian, Airbnb and more

Check out the companies making the biggest moves midday: Roblox — Shares added 7.41% after the video game company reported…

Traders raise the chances for a Fed rate cut following April inflation report

Even with inflation running well above the Federal Reserve’s goal, markets became more convinced Wednesday that the central bank will…

Inflation rate eases to 4.9% in April, less than expectations

A widely followed measure of inflation rose in April, though the pace of the annual increase provided some hope that…

Stocks making the biggest moves before the bell: Rivian, Airbnb, Twilio, Dutch Bros and more

Check out the companies making headlines in premarket trading. Rivian Automotive — The electric vehicle maker saw its stock jump…