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...

Oil Prices: 5 Things You Need to Know Now

By John W. Schoen, CNBC

If you're looking for a bottom for oil prices, you might be tempted to think the recent bounce represents the end of a historic, six-month crash. But the next move for the price of crude is anybody's...
How Wall Street Is Fighting to Rip Off Your Retirement Money

By David Dayen

It’s become fashionable to hate on the upper-middle class; Slate’s Reihan Salam made an entire column out of it. We’ll never get true “middle class economics,” the theory goes , because the upper-...
The Best Way to Grab Big Savings on Air Fares

By Mitch Lipka, Reuters

With snow piling up in much of the U.S., it might seem early to start thinking about summer. But if you want to take a vacation on your terms, travel experts say now is the time to get the ball...
‘Frozen’ Fever Drives Disney Profits

By Lisa Richwine and Lehar Maan, Reuters

Walt Disney Co's quarterly profit topped Wall Street's estimates as its blockbuster animated film "Frozen" heated up home entertainment and toy sales, and visitors flocked to the company's U.S. theme...
Why the Disappointing GDP Report Is Actually Good News

By Tim Mullaney , The Street

Sooner rather than later, the market will figure out that Friday's below-forecast first estimate of fourth-quarter growth is much better news than the headline suggests. The U.S. economy grew at a 2...

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