Finance

Factbox: What happens in a U.S. government shutdown?

By Richard Cowan and Susan Cornwell and Amanda Becker and Richard Cowan and Susan Cornwell and Amanda Becker, Reuters

In shutdowns, nonessential government employees are furloughed, or placed on temporary unpaid leave. Workers deemed essential, including those dealing with public safety and national security, keep...
Delaware Sues Opioid Manufacturers, Distributors Over Epidemic

By Nate Raymond, Reuters

(Reuters) - Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies involved in making,...
Trump's Coal Job Push Stumbles in Most States

By Valerie Volcovici, Reuters

WASHINGTON (Reuters) - President Donald Trump's effort to put coal miners back to work stumbled in most coal producing states last year, even as overall employment in the downtrodden sector grew...
Trump's drug czar nominee withdraws from consideration

By Sarah N. Lynch and Makini Brice, Reuters

WASHINGTON (Reuters) - The U.S. lawmaker who was President Donald Trump's pick for drug czar withdrew on Tuesday after a report he spearheaded a bill that hurt the government's ability to crack down...
U.S. consumer finance agency expected to punish Equifax: lawyers

By Reuters and Patrick Rucker

By Lisa Lambert and Patrick Rucker WASHINGTON (Reuters) - The U.S. consumer finance watchdog agency is expected to punish Equifax for its cyber breach with the wide-ranging powers it has used with...

Congress sends Trump disaster aid, debt limit increase

By Richard Cowan and Amanda Becker, Reuters

WASHINGTON (Reuters) - The U.S. House of Representatives approved a bill to provide disaster aid, extend the debt ceiling and fund the federal government for three months on Friday, delivering on...
Congress Must Raise Debt Ceiling by Mid-October: CBO

By Ginger Gibson, Reuters

WASHINGTON (Reuters) - The U.S. Congress will need to raise the nation's debt limit by early to mid-October to avoid defaulting on loan payments, the Congressional Budget Office said in a report on...
The Five Largest US Banks are Launching Their Venmo 'Killer'

By David Henry and Anna Irrera, Reuters

The U.S. banking industry is about to launch its answer to the popular mobile payments app Venmo, in what is likely to be the biggest change in years in how individuals exchange funds digitally. Over...
Forget Trump, Here's What's Driving Stocks Higher

By Alex Rosenberg, CNBC

It looks like investor hopes about President Donald Trump will go unfulfilled, but stocks will keep rising anyway, according to famed investment strategist Byron Wien. "At the beginning of the year,...
Are the Banks Flashing a Warning Sign for the Economy?

By Jeff Cox, CNBC

Despite high levels of economic confidence expressed by business owners and consumers, one key indicator shows that it has not translated into much action yet. Loan issuance declined in the first...

U.S. housing market improving, inflation pressures muted

By Lucia Mutikani, Reuters

WASHINGTON (Reuters) - U.S. housing starts surged to an eight-month high in July, suggesting the nation's housing market recovery was back on track after stalling in the second half of last year...
U.S. clears AstraZeneca over heart drug trial

By Ben Hirschler, Reuters

LONDON (Reuters) - The U.S. government has cleared AstraZeneca Plc over a major clinical trial used to win marketing approval for its important new heart drug Brilinta, following an investigation...
BHP announces spin-off plan, no share buyback for now

By Sonali Paul and Silvia Antonioli, Reuters

MELBOURNE/LONDON (Reuters) - The world's biggest mining company, BHP Billiton, announced plans to spin off businesses worth an estimated $16 billion, most of them acquired in a 2001 merger, to focus...
Heinz recalls four batches of infant food in China

By Reuters

BEIJING (Reuters) - Ketchup maker H.J. Heinz Co has recalled some infant food in eastern China after it was found to contain lead in excess of the allowable limit, the company said on Monday. The...
Dollar General enters race for Family Dollar with $8.95 billion bid

By Sruthi Ramakrishnan and Devika Krishna Kumar, Reuters

(Reuters) - Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping a bid by Dollar Tree Inc and aiming to strengthen its dominance of a growing segment of retailers...

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