U.S. Markets
LATEST NEWS FROM U.S. MARKETS
U.S. Markets
US Treasury secretary urges Congress to raise debt limit by mid-July
U.S. Treasury Secretary Scott Bessent on Friday urged Congress to raise the federal government's debt limit by mid-July to avoid a default that would upend global markets.
U.S. Markets
Morning Bid: Tariff rollback hopes rising
What matters in U.S. and global markets today
U.S. Markets
Citi may record devaluations on ruble-denominated assets
Citigroup said on Thursday it may record devaluation on its Russian ruble-denominated assets in earnings.
U.S. Markets
Exclusive: Travel tech firm Navan hires banks for U.S. IPO, sources say
U.S. corporate travel and expense company Navan has hired underwriters for an initial public offering (IPO) in New York that could value it at more than $8 billion, according to pe...
U.S. Markets
Fed's Powell says he never seeks to meet with any president
Federal Reserve Chairman Jerome Powell said on Wednesday that he never seeks to meet with any U.S. president and to the extent he has had such a meeting, it's because the elected l...
U.S. Markets
US has plans for sovereign wealth fund but no final decisions made, White House says
The U.S. Treasury and Commerce departments have formulated plans for a sovereign wealth fund but no final decisions have been made, a White House spokesperson said on Wednesday.
U.S. Markets
U.S. senators announce bipartisan push to change how Fed watchdog selected
Two senators announced legislation on Tuesday that would change how the Federal Reserve’s in-house watchdog is selected.
U.S. Markets
Morning Bid: Asia FX rattles and Merz stumbles
A look at what matters in U.S. and global markets today from Mike Dolan, Editor-At-Large, Finance and Markets
U.S. Markets
Shipping volume will plummet 35% next week, LA port official says in CNBC interview
The Los Angeles port is expecting a 35% drop in cargo from Asia next week, Gene Seroka, the port's executive director, said in a CNBC interview on Tuesday.
U.S. Markets
HSBC becomes latest brokerage to cut S&P 500 annual target below 6000 mark
HSBC on Tuesday became the latest global brokerage to slash its year-end target for the S&P 500 index below the 6000 mark, weighed down by slower U.S. economic growth and tariff-re...
U.S. Markets
Morning Bid: U.S. Trade fears ebb, Canada's Carney returns
What matters in U.S. and global markets today
U.S. Markets
UPS to cut 20,000 jobs on lower Amazon shipments, profit beats estimates
United Parcel Service said on Tuesday it will cut 20,000 jobs and shut 73 facilities to lower costs in an uncertain economy and to brace for a potential pullback from its largest c...
U.S. Markets
Latam, Caribbean slow growth has downside risks, says IMF
Economic growth in Latin America and the Caribbean is expected to slow this year partly weighed by political and trade uncertainty and the impact of tariffs, an IMF official said o...
U.S. Markets
Morning Bid: Whoah, we're halfway there
What matters in U.S. and global markets today, by Alun John, EMEA Breaking News Correspondent, finance and markets
U.S. Markets
Canada's main election contenders raise investor hopes of pro-business era
Prime Minister Mark Carney and his main election opponent Pierre Poilievre have proposed big changes to boost economic growth.
U.S. Markets