Dollar ascendant amid resilient US economy, haven demand
TOKYO, May 25 (Reuters) - The dollar pushed to a two-month high against the euro and a six-month peak versus...
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Explainer: US debt ceiling focus on ‘discretionary spending’ means cuts ahead
WASHINGTON, May 24 (Reuters) - The central pillar of any debt-ceiling agreement between President Joe Biden and House Republican Kevin McCarthy is shaping up to be "discretionary spending" - the chunk of the United States' roughly $6 trillion annual federal budget that is set annually by Congress.Talks are fluid as Biden and McCarthy work towards a deal to raise the $31.4 trillion debt ceiling and avoid a default as soon as June 1. But cuts to Social Security and Medicare programs that eat up most of the U.S. budget are...
Morning Bid: Fears of 6% and US debt jam
A look at the day ahead in U.S. and global markets from Mike DolanWorld markets are finally bracing for accidents...
US money market fund assets hit record highs despite debt-ceiling fears
NEW YORK, May 24 (Reuters) - U.S. money market fund assets hit a new record of $5.8 trillion this week...
No signs of progress as White House, Republicans end more debt ceiling talks
House Speaker Kevin McCarthy speaks to reporters outside the West Wing with Rep. Patrick McHenry behind him following debt limit...
Italy’s central bank sees sharp rise in rents amid student housing protests
MILAN/ROME, May 23 (Reuters) - Italy is experiencing a surge in rent prices, the country's central bank said on Tuesday,...
US new home sales, business activity rise to 13-month highs
Single-family homes sales increase 4.1% in AprilMedian new house price falls 8.2% year-on-yearBusiness activity rises to 13-month high in MayWASHINGTON,...
Weakest European firms face highest amount of maturing debt since 2015 – DB
LONDON, May 23 (Reuters) - The share of lower-rated European junk debt coming due within the next three years is...
Morning Bid: Fed hawks re-emerge, dollar pumped
A look at the day ahead in U.S. and global markets from Mike DolanAmid all the hand-wringing over the debt...
European shares hit by slide in Julius Baer, Vivendi
Julius Baer set for worst day in 3 yearsGerman business activity expands in MayVivendi slides as Bollore sells sharesMay 23...
