Browsing: Economy

Rapid developments in artificial-intelligence technology are stoking fears that wide swathes of jobs may soon be on the chopping block. Deutsche Bank economists, in a Monday…

By Pete Schroeder WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren is questioning federal bank regulators on their decision to sell First Republic Bank (OTC:) to the…

Treasury Secretary Janet Yellen on Monday said the U.S. won’t be able to pay all its bills by early June, and as soon as June 1,…

In a new letter written to House Speaker Kevin McCarthy, Treasury Secretary Janet Yellen warned that if Congress and the president do not reach a debt…

By Andy Sullivan LAKE CHARLES, La. (Reuters) -In Washington, Republican U.S. Representative Clay Higgins has been a vocal advocate for spending cuts. Back home in Louisiana,…

Oracle Corp. ORCL, -1.04% co-founder Larry Ellison is reportedly planning to spend upward of $60 million to support the presidential campaign of Republican Sen. Tim Scott.…

The U.S. housing market is slowly stirring back to life after entering a deep freeze in mid-2022, but the worst may not be over for the…

By Richard Cowan, Leah Douglas WASHINGTON (Reuters) -Democrats in the U.S. Congress expressed frustration with President Joe Biden’s willingness to engage with Republicans demanding tougher work…

NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Friday that the aftereffects of recent banking sector troubles takes some pressure off the U.S. central…

“‘It’s the Swiss Army knife of the battlefield.’” That’s James Stavridis, the retired four-star U.S. Navy admiral and military analyst, referring to the U.S.-made F-16 “multimission”…