By Lewis Krauskopf NEW YORK The U.S. Federal Reserve will hold off cutting rates until the fourth-quarter of

By Ebru Tuncay, Orhan Coskun and Nevzat Devranoglu ANKARA (Reuters) -Days before Turkey's runoff presidential election, there is disagreement and

President Joe Biden expressed confidence that negotiators would reach an agreement to avoid a catastrophic default, even as

Former President Donald Trump said he will be asking for recusal of the judge on the elections case

BELLEVUE, Wash.--(BUSINESS WIRE)--Sep 26, 2023--

A jury on Monday found in favor of former Starbucks regional director Shannon Phillips, who sued the company for wrongfully firing her, claiming she was terminated for being White.

Shares of China’s Hua Hong Semiconductor Ltd. jumped in its trading debut in Shanghai after it raised 21.2

House Speaker Hakeem Jeffries sounded confident that Congress would vote to avert a default on the US’s obligations on Sunday, hours after news broke that the White House had reached a deal with Republican leadership to raise the debt ceiling. The “agreement in principle” was announced Saturday evening after much of the House of Representatives and Senate had left for the Memorial Day weekend. A handful remained in Washington to continue negotiations ahead of the deadline; the US Treasure Department estimates that the federal government’s ability to pay its debts will be in question come 1 June — this Thursday. Mr Jeffries spoke on CBS’s Face the Nation on Sunday. While he cautioned that he had not seen the actual text of the bill, which is reportedly set to cap funding for the US government (except for the military) through 2024, he offered a simple “yes” when asked directly if he could guarantee that the US would avert default. It’s a statement that will likely mean a sigh of relief for those Americans worried about the effects that a credit downgrade would have on the US economy, though that remains a possibility thanks to the toxic partisanship that brought the US to this point in the first place, but also one that may frustrate progressives and other Democrats who may see the development as Democrats giving in to the GOP’s demands. The deal does stave off further debt ceiling negotiations until 2025, but many on the left simply wish to do away with the limit altogether. And there’s already signs that many on the conservative right do not like the deal, with some even calling any legislation that raises the debt limit a non-starter. Their opposition within the GOP’s slim House majority necessitates votes from Democrats to pass this deal or any other. More follows...

The European Central Bank still has some way to go to raise borrowing costs, which should remain high

Australian funeral home operator InvoCare Ltd. has agreed to a revised A$1.83 billion ($1.2 billion) takeover offer from

By Michael S. Derby NEW YORK Federal Reserve Bank of New York President John Williams said Tuesday longer-term

By Laura Matthews NEW YORK Delays of vital economic data releases could trigger financial market volatility if a