JP Morgan CEO Jamie Dimon deposed over bank's Jeffrey Epstein ties
Two lawsuits accuse the bank of ignoring signs it was profiting from the long-standing relationship.
2023-05-27 03:47
US debt ceiling: Congress heads home for holiday without a deal
"We're gonna work 24/7", says House Speaker Kevin McCarthy as time runs low to raise the debt ceiling.
2023-05-26 01:59
Germany falls into recession as inflation hits economy
Rising prices have dampened demand from households and businesses in Europe's largest economy.
2023-05-25 17:19
Silicon Valley Bank: 500 jobs cut by new owner First Citizens
The move comes two months after SVB's collapse triggered fears of a banking crisis.
2023-05-25 11:18
Fed officials debated need for rate hike at last meeting, minutes show
Federal Reserve officials were divided at their last meeting as to whether or not another rate hike was needed to slow the economy, according to minutes from the central bank's May policymaking meeting, released Wednesday afternoon.
2023-05-25 02:18
Debt ceiling deal: The sticking points holding things up
President Biden and US lawmakers are trying to hash out a deal ahead of a 1 June debt ceiling deadline.
2023-05-23 05:17
Economists: US can weather ongoing crises, but recession remains on the table
US business economists are optimistic that the banking and debt ceiling turmoil won't turn into full-blown crises; however, a majority of them also believe a recession is still in the cards — although likely starting later than previously thought, according to a new survey released Monday.
2023-05-22 12:53
Could a US debt default unleash global chaos?
The BBC examines four ways you could be affected if the US fails to reach a deal on its debt.
2023-05-19 07:28
US debt ceiling: New negotiators aim to break deadlock
President Joe Biden has cut short a foreign trip as both sides race to strike a deal before 1 June.
2023-05-17 22:56
American consumers are growing worried about a US debt default
US consumer sentiment worsened in May as Americans grew concerned about the economy's direction and a potential default of the US government's debt, according to a preliminary report from the University of Michigan Friday.
2023-05-13 00:22