U.S. Economy

Dimon calls for Washington-Beijing engagement in first China visit since 2021 controversy

JPMorgan Chase & Co CEO Jamie Dimon on Wednesday called for “real engagement” between policymakers in Washington and Beijing, as…

FTC’s Lina Khan presses ahead with sprawling antitrust plans in the face of GOP opposition

Republican lawmakers have for years launched barrages of criticism at Biden administration regulatory agencies and their diverse leaders — and…

A U.S. recession would be ‘good news’ for markets, strategist says

A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder…

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…

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…

Confused about the debt ceiling? Here’s what you need to know

The White House and Republicans in Congress are mired in a standoff over the debt limit. Failure to raise or…

Debt ceiling deal appears no closer after high-stakes meeting, but leaders will huddle again Friday

WASHINGTON — Top congressional leaders left a high-stakes meeting with President Joe Biden on Tuesday showing few signs they had moved…

A.I. trade is leaving investors vulnerable to painful losses: Evercore

The artificial intelligence trade may be leaving investors vulnerable to significant losses. Evercore ISI’s Julian Emanuel warns Big Tech concentration…

SEC awards record $279 million to whistleblower

WASHINGTON — The nation’s top securities regulator on Friday announced it had given a $279 million award through its whistleblower…

Russia and China would use debt default to portray U.S. as chaotic, intel chief warns

WASHINGTON — The director of America’s top spy agency warned lawmakers Thursday that Russia and China will take advantage of the U.S.…