The Next Big Threat Hovering Over the U.S. Economy
As the federal government strives to contain financial market turmoil, the next risk looming over the nation’s banks is in plain sight: the $20...
Dollar Bears Bide Their Time as U.S. Economic Strength Persists
NEW YORK – A strong U.S. economy is giving an unexpected boost to the dollar, frustrating bearish investors betting on its decline. The dollar is...
Gold Rebounds After U.S. Services Slowdown Boosts Fed Pause Bets
Gold rebounded on Monday after weaker U.S. services sector growth reinforced bets for the Federal Reserve to stand pat on interest rates next week....
US Services Sector Softens, Factory Orders Boosted by Defense
WASHINGTON, June 5 (Reuters) – The U.S. services sector barely grew in May as new orders slowed, pushing a measure of prices paid by...
US Banks Could Face 20% Capital Hike Under New Global Rules
WASHINGTON, June 5 (Reuters) – U.S. banks could face capital hikes of as much as 20% under new rules being prepared by U.S. regulators...
Strong Job Gains in US Add to Economic Puzzle
Job creation in the US remained robust last month, despite rising prices and a sharp spike in borrowing costs weighing on the economy. Employers...
Air Quality Levels in Parts of the U.S. Plunge as Canada Wildfires Rage
Millions of people across the Midwest are under dangerous air quality conditions Monday, as smoke from wildfires in eastern Canada wafts over the region....
After Subpoena Threat, US House Committee Members to See Afghanistan Cable
WASHINGTON, June 5 (Reuters) – Members of a U.S. House of Representatives committee will be able to view a classified cable related to the...
Analysis: Debt Ceiling Deal Ignores US Debt Time Bomb
WASHINGTON, June 5 (Reuters) – Republicans and Democrats are touting a hastily-written debt ceiling deal that staves off a devastating U.S. default, but does...
US Report on Abu Akleh Killing Must Be Made Public, Senator Urges
Washington, DC – A United States senator has called on President Joe Biden’s administration to make public a government report on the killing of Al...