(CNBC) House Speaker Kevin McCarthy said Wednesday that negotiations over raising the U.S. debt limit were progressing toward a deal despite disagreements over spending, with only eight days before the government could face an unprecedented default. That urgency became more […]

(CNBC) The latest round of cuts targets members of Meta’s business groups and follows a previous round of layoffs in April that affected employees in technical roles. About 10,000 workers will lose their jobs between the April and May cuts, […]

(Hedgeweek) In preparation for an anticipated end to the US Federal Reserve’s programme of interest rate hikes, hedge funds are going long on short-term interest-rate futures tied to the Secured Overnight Financing Rate (SOFR), according to a report by Bloomberg. […]

(CNBC) After an earnings report that saw a beat on revenue but poor guidance, CEO of data cloud company Snowflake Frank Slootman was firm in his optimism about the company’s future. “If you were to zoom out a little bit […]

(CNBC) Apple on has announced a new multibillion-dollar deal with Broadcom to develop 5G radio frequency components in the U.S. “We’re thrilled to make commitments that harness the ingenuity, creativity, and innovative spirit of American manufacturing,” Apple CEO Tim Cook […]

(Hedgeweek) Hedge fund Standard General has terminated its acquisition agreement with US TV station operator Tegna, which manages 64 TV stations in 51 US markets, after failing to overcome a number of regulatory hurdles, according to a report by The […]

(CNBC) U.S. stock futures were all higher on Wednesday mornings as investors kept an eye on debt-ceiling negotiations. Futures linked to the Dow Jones Industrial Average rose by 46 points, or 0.14%. S&P 500 futures inched higher by 0.16%, and […]

(CNBC) A significant group of House Republicans raised questions Tuesday about whether the Treasury Department’s June 1 deadline to avoid a potential U.S. debt default was accurate. “We’d like to see more transparency on how they come to that date,” […]

(CNBC) Former Federal Reserve Chair Ben Bernanke, who guided the central bank and the U.S. economy through the Great Recession, thinks central bankers still have work to do to bring down inflation. That work, he and economist Olivier Blanchard argue […]

(CNBC) Deposit runs have led to the collapse of three U.S. banks this year, but another concern is building on the horizon. Commercial real estate is the area most likely to cause problems for lenders, JPMorgan Chase CEO Jamie Dimon […]

(CNBC) Stock futures are modestly higher Monday night after a key debt ceiling meeting between President Joe Biden and House Speaker Kevin McCarthy, even though the two did not strike a deal. Futures tied to the Dow Jones Industrial Average added 88 […]

(CNBC) House Speaker Kevin McCarthy said he had a “productive” and “professional” meeting with President Joe Biden on how to raise the debt ceiling, but that the two did not reach a deal Monday. “I think the tone tonight was […]