The U.S. government ran a budget deficit of $144 billion in December and the gap is likely to grow even higher in the next few months after Washington approved more federal aid for the economy.
Shares of Exxon Mobil Corp. rose Wednesday, putting them on track for the longest win streak in 16 months, after J.P. Morgan analyst Phil Gresh turned bullish on the oil giant for the first time, citing an improved financial outlook and more reasonable valuation.
Treasury yields fell Wednesday after a successful debt auction highlighted strong demand for long-term government paper, after a January selloff pushed rates to more appetizing levels for bond buyers.
Countries across the world have begun vaccination drives, mobilizing to protect their elderly and most vulnerable citizens from COVID-19, but Indonesia has adopted a different approach.
The most effective stimulus for the economy would be a large and well-targeted public infrastructure spending program, not another $2,000 check that will be saved and not spent.
Donald Trump could become the first president in U.S. history to be impeached twice, as the House of Republicans prepares to approve a charge of inciting an insurrection following the riotous invasion of the Capitol last Wednesday.
As an unprecedented second impeachment of President Donald Trump looms Wednesday, market participants appear mostly unperturbed but mindful of what is shaping up to be a historic moment in U.S. politics.
The coronavirus situation in the U.K. is far more pervasive now than in March 2020 when the country first locked down, but the population is traveling outside their homes much more.
Sales of electric vehicles by European car makers accelerated rapidly in 2020, amid governments offering generous incentives to trade in gas guzzlers for cleaner alternatives.
Countries across the world have begun vaccination drives, mobilizing to protect their elderly and most vulnerable citizens from COVID-19, but Indonesia has adopted a different approach.
The House of Representatives is set to hold a vote on a non-binding resolution that calls on Vice President Mike Pence to “convene and mobilize” President Donald Trump’s cabinet to remove the president from power, using the powers granted by the 25th Amendment to the Constitution.
Joint Chiefs of Staff statement labels last Wednesday’s siege ‘a direct assault on the U.S. Congress, the Capitol building, and our constitutional process.’
Affirm Holdings Inc., which lets people purchase goods and pay over time, reportedly priced its initial public offering well above its target at $49 a share late Tuesday to raise at least $1.2 billion.