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...

AstraZeneca leaves door ajar to Pfizer, despite hurdles

By Ben Hirschler, Reuters

LONDON (Reuters) - AstraZeneca's boss said on Wednesday he would engage with Pfizer if the price was right and the risks posed from forcing the British drugmaker's operations into the U.S. company's...
Google gets take-down requests after European court ruling: source

By Alexei Oreskovic, Reuters

SAN FRANCISCO (Reuters) - Google Inc is already getting requests to remove objectionable personal information from its search engine after Europe's top court ruled that subjects have the "right to be...
Ukraine holds talks to end crisis, rebels not invited

By Richard Balmforth, Reuters

KIEV (Reuters) - Ukraine's interim leaders on Wednesday pushed a plan to allow the regions a greater say over their affairs, but the exclusion of separatists from round table talks cast doubt over...
Yellen’s Smooth Start No Guarantee of Calm Waters Ahead

By Knowledge@Wharton, Knowledge@Wharton

In mid-May, Janet Yellen will complete her first 100 days as chair of the Board of Governors of the Federal Reserve System. After taking the helm of the Fed on February 3 — with her official swearing...
Turkish mine operator says exact cause of fire still unclear

By Ece Toksabay, Reuters

SOMA, Turkey (Reuters) - The operator of a Turkish mine in which 284 people died this week and 18 remain trapped said on Friday the exact cause of a fire was still unclear but that a build-up of heat...

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