Browsing: Economy

Treasury Secretary Janet Yellen on Friday said Congress must raise or suspend the U.S. debt ceiling by June 5 or risk a default, extending a previous…

French tire manufacturer Michelin has sold off its remaining assets in Russia and abandoned the country’s market. Michelin is selling its Russian branches to Power International…

By Anne Florentyna Gnanaraja Sekar and Ananya Mariam Rajesh (Reuters) -American Eagle Outfitters Inc cut its full-year revenue forecast on Wednesday, as demand for non-essentials, including…

Debt-ceiling talks are “up and down,” Republican Rep. Patrick McHenry of North Carolina, a key deputy for House Speaker Kevin McCarthy, told reporters on Friday. “We…

By Lucy Craymer WELLINGTON (Reuters) -The Reserve Bank of New Zealand Governor Adrian Orr said on Thursday the committee was confident in the level of restrictiveness…

President Joe Biden’s team and House Speaker Kevin McCarthy’s deputies are nearing a deal that would raise the U.S. debt ceiling and avoid a market-shaking default,…

Nordstrom’s decision to close both its downtown San Francisco stores will reportedly cost hundreds of employees their jobs in another blow to the California city plagued…

By Jonathan Stempel NEW YORK (Reuters) – A New York state judge on Wednesday dismissed a lawsuit accusing Apollo Global Management (NYSE:) Inc billionaire co-founder Leon…

Stocks and short term Treasury bills rallied Friday as U.S. debt-ceiling talks in Congress showed promise of reaching an agreement on the government’s borrowing limit during…

The bank that acquired the remnants of Silicon Valley Bank after it failed amid a March bank run announced layoffs Wednesday. First Citizens Bank of Raleigh,…