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A “For Lease” sign in a storefront in San Francisco, California, US, on Wednesday, May 3, 2023. Jason Henry | bloomberg | Getty Images This report is from today’s CNBC Daily Open, the new newsletter for international markets. The CNBC Daily Open updates investors everything they need to know quickly, no matter where they are. … Read more
The US hit its debt ceiling, or debt limit, in January. The nation might run out of money to pay all its bills as soon as possible on June 1, the so-called “X date”. The government will not be able to pay everyone on time. It will likely prioritize payments to investors who hold US … Read more
Washington can’t agree on anything, but the consensus everywhere is that “date X,” when the Treasury Department can’t pay the government’s bills unless the debt ceiling is raised, won’t arrive before June 1st — and probably not until weeks later. . Good news for markets next week: no default, no credit agency downgrade, and no … Read more
The flyer announcing the Pierce Fire Department’s annual fundraiser at the city’s community golf course last Saturday looked like regular fare. Play times were at 8.15am, 11am and 3pm, entry cost $450 (€409) for two people, and, oh, AR-15s, balls and bullet blanks were provided by the organizers. No drivers, irons, or putters were required … Read more
Ciudad Juarez, Mexico (AP) — The Biden administration will begin Thursday denying asylum to immigrants who arrive at the US-Mexico border without first applying online or seeking protection in a country they have passed through, marking a fundamental shift in immigration policy as the US prepares to end major pandemic restrictions. The new rule marks … Read more
New Delhi: In October 2022, the United States decided to implement comprehensive restrictions on the export of advanced semiconductor and semiconductor manufacturing equipment to China. The move was prompted by concerns about China’s aggressive pursuit of technological hegemony, which was seen as a serious threat to US competitiveness and national security, and these concerns were … Read more
LONDON (AP) – King Charles III is crowned On Saturday at Westminster Abbey, he received St Edward’s bejeweled tiara in a ceremony building on ancient tradition at a time when the monarchy is striving to remain relevant in a divided modern Britain. Trumpets sounded inside the medieval monastery and the congregation shouted “God save the … Read more
WASHINGTON (AP) — For President Joe Biden, the past few days have raised hopes that the US economy can continue its soft descent — perhaps to avoid a recession as the 2024 election approaches. Most adults in the United States feel pessimistic On Biden’s economic leadership, as high inflation overshadows a strong labor market. The … Read more
2 hours ago Stocks on the move: BP down 5%, Ams-Osram down 7% Shares of BP fell 5% as traders digested the energy giant’s latest earnings report. First-quarter earnings were better than expected, but failed to match the exceptional levels reached in 2022 as oil and gas prices fluctuated in response to Russia’s all-out invasion … Read more
WASHINGTON (AP) – President Joe Biden He reiterated the United States’ commitment to the security of the Philippines and noted the “deep friendship” between the two countries as he welcomed Philippine President Ferdinand Marcos Jr. to White House talks on Monday as concerns grew over Chinese navy harassment of Philippine vessels. in the South China … Read more