A potential debt ceiling standoff in the United States next year could be one of the worst since the 2011 crisis.
Read More Debt ceiling standoff could trigger US rating downgrade, TD’s Goldberg says
Category: Business
S&P 500 notches record high as Nvidia rally continues
The benchmark S&P 500 touched a record high on Thursday, boosted by strong gains in Nvidia.
Read More S&P 500 notches record high as Nvidia rally continues
GE Aerospace developing hybrid engines for single-aisle jets
GE Aerospace is developing a hybrid electric engine in hopes it will power next-generation narrow-body jets by the middle of the next decade.
Read More GE Aerospace developing hybrid engines for single-aisle jets
US retail sales rise less than expected in May
U.S. retail sales barely rose in May, suggesting that economic activity remained lackluster in the second quarter.
Read More US retail sales rise less than expected in May
Wall Street retreats with data, Fed comments in focus
Wall Street’s main indexes edged lower on Monday as investors awaited fresh economic data and comments from Federal Reserve officials throughout the week.
Read More Wall Street retreats with data, Fed comments in focus
US home sales crumble in May on higher rates and record prices, says Redfin
U.S. home sales in May fell to among the lowest levels in the past decade as both demand and supply remained sluggish in a high-mortgage rate environment.
Read More US home sales crumble in May on higher rates and record prices, says Redfin