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Biden signs debt ceiling bill, avoiding a catastrophic economic default
on June 3, 2023 at 6:00 pm
President Joe Biden on Friday discussed a bill to lift the debt ceiling, just days before the Treasury estimated the government would run out of money. […]
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The rise of Albemarle, the world's largest lithium producer
on June 3, 2023 at 12:00 pm
The lithium-ion battery supply chain, from mine to market, is expected to grow more than 30% annually from 2022 to 2030, when it could reach $400 billion. […]
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Elon Musk and Twitter face growing brand-safety concerns after execs depart
on June 3, 2023 at 12:59 am
High-level Twitter employees tasked with brand safety have left, creating a potentially bigger problem when it comes to policing hate speech. […]
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West Coast ports shut down as union workers 'no show' after breakdown in wage negotiations
on June 2, 2023 at 10:52 pm
West Coast ports are shutting down after union workers walked off the job after a failure in negotiations with port management. […]
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Tech stocks close out first six-week rally since January 2020
on June 2, 2023 at 10:17 pm
The Nasdaq Composite rose 2% this week, boosted by a big rally in Tesla and an earnings from software maker MongoDB. […]
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FDA allows temporary import of unapproved Chinese cancer drug to ease U.S. shortage
on June 2, 2023 at 9:03 pm
The FDA has given Qilu Pharmaceutical permission to ship cisplatin to the U.S. to ease a national cancer drug shortage. […]
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Buy Buy Baby draws sale interest in Bed Bath & Beyond bankruptcy, one bidder looks to save stores
on June 2, 2023 at 8:16 pm
At least two bidders are looking to purchase Buy Buy Baby amid Bed Bath & Beyond's bankruptcy, including one that wants to keep 75% of stores open. […]
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Russian forces target food and water sources to starve Ukrainians, international law investigation says
on June 2, 2023 at 5:05 pm
The new report details routine Russian strikes in concentrated areas where civilians gathered to receive humanitarian aid and food supplies. […]
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Why wealthy Americans love UBS, the secretive Swiss banking giant
on June 2, 2023 at 3:58 pm
UBS's wealth management division has attracted wealthy foreign clients, due in part to strong Swiss secrecy laws. […]
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Senate passes bill to raise debt ceiling, preventing first-ever U.S. default
on June 2, 2023 at 3:57 pm
The Senate passed a House-approved bill to raise the debt ceiling and cap government spending, sending it to President Joe Biden. […]
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93% of CEOs are preparing for a recession—here's what it means for you
on June 2, 2023 at 3:30 pm
Economists and business leaders alike see a recession on the horizon, but investors continue to push the stock market upward. […]
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Even as inflation rate subsides, prices may stay higher. Here's why
on June 2, 2023 at 2:00 pm
Prices and inflation are still a "top concern" for U.S. consumers, one expert says. For many, the big question is how soon they may see financial relief. […]
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Consumers are more likely to cut back on restaurant visits than trade down to fight inflation, report says
on June 2, 2023 at 12:00 pm
In April, prices for food away from home rose 8.6% compared with the year-earlier period, according to the Bureau of Labor Statistics. […]
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Consumers keep traveling despite recession fears and inflation
on June 2, 2023 at 12:00 pm
Airline and other travel bookings have been strong, despite concerns about higher interest rates, inflation and an economic slowdown. […]
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'Everyone can see the reality' in Ukraine except for Putin, UK defense minister says
on June 2, 2023 at 11:49 am
British Defense Minister Ben Wallace on Friday said Vladimir Putin is "at risk of losing everything" if Russia does not withdraw its forces from Ukraine. […]
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U.S.-China ties weigh on security summit as defense chiefs meet in Singapore
on June 2, 2023 at 10:07 am
Defense chiefs from around the world are due to meet at the annual Shangri-La Dialogue in Singapore this weekend. […]
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OPEC+ prepares for weekend meeting after Saudi warns speculators to 'watch out'
on June 2, 2023 at 9:42 am
Saudi energy minister Prince Abdulaziz bin Salman has urged oil market speculators to "watch out." […]
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JPMorgan raises 2024 economic outlook for India, but remains cautious of global headwinds
on June 2, 2023 at 5:44 am
JPMorgan marked up its 2024 growth forecast from 5% to 5.5%, citing a number of reasons to justify only a modest increase. […]
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When to teach kids about money, according to the experts — and how to do it
on June 2, 2023 at 5:38 am
Knowing when to start teaching to kids about money and identifying what money skills they need can be tricky, but experts say it is crucial for their futures. […]
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Chinese EV startup Li Auto says car deliveries more than doubled in May
on June 2, 2023 at 3:49 am
Chinese electric car startup Li Auto said it delivered more than twice as many cars in May versus a year ago. […]