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U.S. can avoid default in July if Treasury can make it through June cash crunch, Congressional Budget Office says

People walk and ride bicycles past the US Capitol in Washington, DC, on May 11, 2023.Jim Watson | AFP | Getty ImagesWASHINGTON —...

Covid caused huge shortages in the jobs market. It may be easing — but there’s another problem ahead

Now Hiring signs are displayed in front of restaurants in Rehoboth Beach, Delaware, on March 19, 2022.Stefani Reynolds | Afp | Getty ImagesSince...

Traders raise the chances for a Fed rate cut following April inflation report

Shoppers during the grand opening of a Costco Wholesale store in Kyle, Texas, on Thursday, March 30, 2023.Jordan Vonderhaar | Bloomberg | Getty...

Stocks making the biggest moves midday: Palantir, Novavax, Under Armour and more

Check out the companies making headlines in midday trading.Palantir – Palantir shares popped nearly 20% after the software company beat first-quarter estimates and...

Fed’s John Williams says rates could be increased if inflation doesn’t come down

John Williams, Chief Executive Officer of the Federal Reserve Bank of New York, speaks at an event in New York, November 6, 2019.Carlo...

How Joe Biden’s Economic Ratings Could Rebound with Voters

Last Friday, the Labor Department announced that the economy created another two hundred and fifty-three thousand jobs in April, a solid number that...

Digital loonie? Bank of Canada wants your thoughts on potential new currency – National | Globalnews.ca

The Bank of Canada wants to know what Canadians think about the possibility of a digital loonie. Consultations on what Canadians would like to...

Travel won’t fully recover this year — but it will get close

The World Travel & Tourism Council says the global travel and tourism sector won't fully recover this year — but it will get...

Job growth totals 253,000 in April, beating expectations even as the U.S. economy slows

Job growth fared better than expected in April despite bank turmoil and a decelerating economy, the Labor Department reported Friday.Nonfarm payrolls increased 253,000...

Stocks making the biggest moves before the bell: Paramount, PacWest, Shopify & more

The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California on March 9, 2023.Patrick T. Fallon | AFP |...

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